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

Fortinet (FTNT) posted Change in Taxes of $39.9 million for Q3 2023, up 1097.5% on a QoQ basis from -$4.0 million in Q3 2022, and up 1097.5% year-on-year from $3.3 million in Q3 2022.

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

Fortinet has disclosed Change in Taxes across 12 years of filings, most recently posting $39.9 million for Q3 2023.

  • Change in Taxes for Q3 2023 came in at $39.9 million, up 1097.5% year-over-year; the trailing twelve-month figure through Sep 2023 was $25.4 million (up 214.93% YoY), and the FY2019 annual result was -$18.8 million, down 213.33% from the prior year.
  • Change in Taxes came in at $39.9 million for Q3 2023 at Fortinet, up from -$4.0 million in the prior quarter.
  • Over the last five years, Change in Taxes for FTNT reached as high as $39.9 million in Q3 2023 and fell as low as -$7.8 million in Q4 2019.
  • Median Change in Taxes over the past 3 years was -$3.4 million (2019), compared with a mean of $2.8 million.
  • Year-over-year, Change in Taxes sank 490.0% in 2019 and soared 1097.5% in 2023.
  • Over 3 years, 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 ZenaTech 82,806.72 Bn 82,806.72 Bn - -
2 Microsoft 11,085.79 Bn 11,007.52 Bn 56.06 Bn 2.30 Bn
3 Palantir Technologies 1,073.49 Bn 1,065.58 Bn 1.42 Bn -
4 Rezolve Ai 1,009.18 Bn 1,009.17 Bn - -
5 Palo Alto Networks 824.56 Bn 820.03 Bn 1.91 Bn -
6 CrowdStrike Holdings 701.26 Bn 698.20 Bn 993.68 Mn -
7 Oracle 514.97 Bn 476.40 Bn 17.12 Bn 1.40 Bn
8 Fortinet 456.74 Bn 453.45 Bn 1.49 Bn -
9 Cloudflare 331.63 Bn 330.68 Bn 455.60 Mn -
10 Synopsys 303.79 Bn 303.67 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