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| Date | Value |
|---|---|
| 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 |