Fortinet (FTNT) Tax Provisions (2010 - 2026)
Fortinet (FTNT) reported Tax Provisions of $119.5 million for Q3 2026, down 1.0% from $120.7 million a year earlier but up 3.9% from the prior quarter.
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Analysis
Fortinet (FTNT) Tax Provisions (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Fortinet's Tax Provisions came in at $501.3 million, up 31.6% year-over-year; for FY2025, it came in at $439.1 million, up 54.7% from FY2024.
- Tax Provisions has increased for four consecutive years, with a five-year compound annual growth rate of 52.5% (FY2020 to FY2025).
- By year, Tax Provisions came in at $283.9 million in FY2024 (+97.4%), $143.8 million in FY2023 (+366.9%), $30.8 million in FY2022 (+118.4%) and $14.1 million in FY2021 (-73.5%).
- Five-year quarterly Tax Provisions spans a low of -$8.1 million in Q1 2022 and a high of $144.8 million in Q4 2025.
- Year over year, Tax Provisions gained in six of the last eight quarters, with growth averaging 40.8%.
- The high point for year-over-year Tax Provisions in five years was Q4 2023 (growth of 934.8%); the low point was Q4 2021 (a decline of 85.2%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $115 million (Q2 2026), $122 million (Q1 2026) and $144.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 240.91 Bn | 225.98 Bn | 2.30 Bn | 13.00 Mn |
| 2 | CrowdStrike Holdings | 221.11 Bn | 201.51 Bn | 1.10 Bn | -1.40 Mn |
| 3 | Snowflake | 95.52 Bn | 82.84 Bn | 1.04 Bn | 3.43 Mn |
| 4 | Fortinet | 91.64 Bn | 75.90 Bn | 1.64 Bn | 119.50 Mn |
| 5 | Datadog | 62.51 Bn | 43.06 Bn | 959.92 Mn | 6.30 Mn |
| 6 | Zscaler | 33.52 Bn | 19.68 Bn | 689.22 Mn | 18.24 Mn |
| 7 | Axon Enterprise | 33.24 Bn | 27.77 Bn | 546.45 Mn | 3.26 Mn |
| 8 | Okta | 30.06 Bn | 20.16 Bn | 641.00 Mn | 10.00 Mn |
| 9 | MongoDB | 24.25 Bn | 14.72 Bn | 569.77 Mn | 5.01 Mn |
| 10 | Roku | 23.92 Bn | 13.95 Bn | 648.52 Mn | 4.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 119.50 Mn |
| Jun 30, 2026 | 115.00 Mn |
| 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 |
API Access
Fortinet Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();