Fortinet FTNT
NASDAQ FTNT
$156.29 -0.07 (-0.04%)
As of: Sep 4, 2026 · 3:59 PM EDT

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

Fortinet (FTNT) posted quarterly Change in Taxes of $39.9 million for Q3 2023, up 1097.5% year-over-year from $3.3 million in Q3 2022, and up 1097.5% quarter-over-quarter from -$4.0 million in Q3 2022.

Analysis

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.

  • In Q3 2023, Change in Taxes rose 1097.5% year-over-year to $39.9 million; the TTM figure through Sep 2023 stood at $25.4 million (up 214.93% YoY), while the FY2019 annual figure was -$18.8 million, down 213.33% from the prior year.
  • Change in Taxes for Q3 2023 stood at $39.9 million, up from -$4.0 million in the prior quarter.
  • The five-year high for Change in Taxes was $39.9 million in Q3 2023, with the low at -$7.8 million in Q4 2019.
  • The 3-year median for Change in Taxes is -$3.3 million (2019), against an average of $2.8 million.
  • The sharpest annual moves came in 2019 and 2023: Change in Taxes sank 490.0% in 2019, then jumped 1097.5% in 2023.
  • Fortinet's Change in Taxes stood at -$7.8 million in 2019, then soared by 48.72% to -$4.0 million in 2022, then surged by 1097.5% to $39.9 million in 2023.
  • Business Quant data shows FTNT's Change in Taxes at $39.9 million in Q3 2023, -$4.0 million in Q3 2022, and -$7.8 million in Q4 2019.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 Microsoft 3,718.29 Bn 3,585.54 Bn 60.48 Bn -307.00 Mn
2 Oracle 452.14 Bn 420.24 Bn - 1.40 Bn
3 Palantir Technologies 418.25 Bn 408.84 Bn 1.64 Bn -
4 Palo Alto Networks 265.90 Bn 262.79 Bn 2.03 Bn -
5 CrowdStrike Holdings 217.15 Bn 212.14 Bn 1.10 Bn -
6 Fortinet 114.54 Bn 110.47 Bn 1.64 Bn -
7 Cloudflare 98.54 Bn 94.37 Bn 499.52 Mn -
8 Synopsys 75.44 Bn 71.83 Bn 1.80 Bn -
9 Block 49.56 Bn 43.13 Bn 3.17 Bn -
10 CoreWeave 49.23 Bn 43.69 Bn 1.70 Bn -
Historic Data

Historic Data

Download Data
DateValue
Sep 30, 2023 39.90 Mn
Sep 30, 2022 -4.00 Mn
Dec 31, 2019 -7.80 Mn
Sep 30, 2019 -2.70 Mn
Jun 30, 2019 -7.60 Mn
Mar 31, 2019 -700,000.00
Dec 31, 2018 2.00 Mn
Sep 30, 2018 5.20 Mn
Jun 30, 2018 -5.40 Mn
Mar 31, 2018 -7.80 Mn
Dec 31, 2017 7.80 Mn
Sep 30, 2017 6.90 Mn
Jun 30, 2017 9.80 Mn
Mar 31, 2017 5.00 Mn
Dec 31, 2016 6.31 Mn
Sep 30, 2016 1.33 Mn
Jun 30, 2016 72,000.00
Mar 31, 2016 5.39 Mn
Dec 31, 2015 6.62 Mn
Sep 30, 2015 3.72 Mn