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
DateValue
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