Fortinet (FTNT) Tax Provisions (2010 - 2026)
Fortinet (FTNT) recorded quarterly Tax Provisions of $122.0 million in Q1 2026, down 15.75% quarter-over-quarter from $144.8 million in Q4 2025, and up 26.42% on a YoY basis from $96.5 million in Q1 2025.
Fortinet (FTNT) Tax Provisions (2010 - 2026) Analysis & Trends
Fortinet's Tax Provisions history runs 17 years deep, the most recent figure standing at $122.0 million for Q1 2026.
- In Q1 2026, Tax Provisions rose 26.42% year-over-year to $122.0 million; the TTM figure through Mar 2026 stood at $464.6 million (up 36.29% YoY), while the FY2025 annual figure was $439.1 million, up 54.67% from the prior year.
- Tax Provisions was $122.0 million for Q1 2026 at Fortinet, down from $144.8 million in the prior quarter.
- In the past five years, Tax Provisions ranged from a high of $144.8 million in Q4 2025 to a low of -$8.1 million in Q1 2022.
- Historically, Tax Provisions has averaged $60.0 million across 5 years, with a median of $76.5 million in 2024.
- The sharpest annual moves came in 2022 and 2024: Tax Provisions slumped 166.39% in 2022, then soared 27166.67% in 2024.
- A 5-year view of Tax Provisions shows it stood at $9.2 million in 2022, then soared by 934.78% to $95.2 million in 2023, then retreated by 8.93% to $86.7 million in 2024, then jumped by 67.01% to $144.8 million in 2025, then declined by 15.75% to $122.0 million in 2026.
- The last three Tax Provisions figures came in at $122.0 million (Q1 2026), $144.8 million (Q4 2025), and $120.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 7.56 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 184,000.00 |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 695.00 Mn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 12.20 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 117.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | -3.60 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 122.00 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 14.34 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 1.50 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 84.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 122.00 Mn |
| Dec 31, 2025 | 144.80 Mn |
| Sep 30, 2025 | 120.70 Mn |
| Jun 30, 2025 | 77.10 Mn |
| Mar 31, 2025 | 96.50 Mn |
| Dec 31, 2024 | 86.70 Mn |
| Sep 30, 2024 | 81.20 Mn |
| Jun 30, 2024 | 76.50 Mn |
| Mar 31, 2024 | 39.50 Mn |
| Dec 31, 2023 | 95.20 Mn |
| Sep 30, 2023 | -300,000.00 |
| Jun 30, 2023 | 27.60 Mn |
| Mar 31, 2023 | 21.30 Mn |
| Dec 31, 2022 | 9.20 Mn |
| Sep 30, 2022 | 27.30 Mn |
| Jun 30, 2022 | 2.40 Mn |
| Mar 31, 2022 | -8.10 Mn |
| Dec 31, 2021 | 3.70 Mn |
| Sep 30, 2021 | -9.30 Mn |
| Jun 30, 2021 | 7.50 Mn |