Fortinet (FTNT) Change in Taxes (2010 - 2023)

Fortinet's (FTNT) quarterly Change in Taxes came in at $39.9 million in Q3 2023, up 1097.5% year-on-year from $3.3 million in Q3 2022, and up 1097.5% quarter-over-quarter from -$4.0 million in Q3 2022.

Fortinet (FTNT) Change in Taxes (2010 - 2023) Analysis & Trends

Fortinet's Change in Taxes history runs 12 years deep, the most recent figure standing at $39.9 million for Q3 2023.

  • On a quarterly basis, Change in Taxes rose 1097.5% year-over-year to $39.9 million in Q3 2023; TTM through Sep 2023 was $25.4 million, a 214.93% increase from a year earlier, with the FY2019 full-year figure at -$18.8 million, down 213.33% from the prior year.
  • Change in Taxes advanced to $39.9 million in Q3 2023 per FTNT's latest filing, from -$4.0 million in the prior quarter.
  • Across five years, Change in Taxes topped out at $39.9 million in Q3 2023 and bottomed at -$7.8 million in Q4 2019.
  • The 3-year median for Change in Taxes is -$3.4 million (2019), against an average of $2.8 million.
  • Across the five-year window, Change in Taxes slumped 490.0% in 2019 and jumped 1097.5% in 2023, its largest moves.
  • Year by year, Change in Taxes stood at -$7.8 million in 2019, then jumped by 48.72% to -$4.0 million in 2022, then soared by 1097.5% to $39.9 million in 2023.
  • Per Business Quant, the three latest FTNT Change in Taxes figures stand at $39.9 million (Q3 2023), -$4.0 million (Q3 2022), and -$7.8 million (Q4 2019).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 2.30 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn -
3 Oracle 329.59 Bn 297.69 Bn - 1.40 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn -
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn -
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn -
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn -
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn -
10 Synopsys 70.83 Bn 68.63 Bn 1.77 Bn 17.56 Mn

Historic Data

Download Data
DateValue
Sep 30, 2023 39.90 Mn
Sep 30, 2023 39.90 Mn
Sep 30, 2022 -4.00 Mn
Sep 30, 2022 -4.00 Mn
Dec 31, 2019 -7.80 Mn
Dec 31, 2019 -7.80 Mn
Sep 30, 2019 -2.70 Mn
Sep 30, 2019 -2.70 Mn
Jun 30, 2019 -7.60 Mn
Jun 30, 2019 -7.60 Mn
Mar 31, 2019 -700,000.00
Mar 31, 2019 -700,000.00
Dec 31, 2018 2.00 Mn
Dec 31, 2018 2.00 Mn
Sep 30, 2018 5.20 Mn
Sep 30, 2018 5.20 Mn
Jun 30, 2018 -5.40 Mn
Jun 30, 2018 -5.40 Mn
Mar 31, 2018 -7.80 Mn
Mar 31, 2018 -7.80 Mn