Fortinet (FTNT) Tax Provisions (2010 - 2026)
Fortinet's (FTNT) quarterly Tax Provisions came in at $122.0 million in Q1 2026, up 26.42% year-on-year from $96.5 million in Q1 2025, and down 15.75% quarter-over-quarter from $144.8 million in Q4 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.
- On a quarterly basis, Tax Provisions rose 26.42% year-over-year to $122.0 million in Q1 2026; TTM through Mar 2026 was $464.6 million, a 36.29% increase from a year earlier, with the FY2025 full-year figure at $439.1 million, up 54.67% from the prior year.
- Tax Provisions eased to $122.0 million in Q1 2026 per FTNT's latest filing, from $144.8 million in the prior quarter.
- Across five years, Tax Provisions topped out at $144.8 million in Q4 2025 and bottomed at -$8.1 million in Q1 2022.
- The 5-year median for Tax Provisions is $76.5 million (2024), against an average of $60.0 million.
- Across the five-year window, Tax Provisions slumped 166.39% in 2022 and surged 27166.67% in 2024, its largest moves.
- Year by year, Tax Provisions 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.
- Per Business Quant, the three latest FTNT Tax Provisions figures stand at $122.0 million (Q1 2026), $144.8 million (Q4 2025), and $120.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 7.56 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | -14.25 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | -555.00 Mn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 12.20 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 117.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | -3.60 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 122.00 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 1.50 Mn |
| 10 | Synopsys | 70.83 Bn | 68.63 Bn | 1.77 Bn | 14.34 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 |