Fortinet (FTNT) Tax Provisions (2010 - 2026)
Fortinet (FTNT) reported Tax Provisions of $115 million for Q2 2026, up 49.2% from $77.1 million a year earlier but down 5.7% from the prior quarter.
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Analysis
Fortinet (FTNT) Tax Provisions (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fortinet's Tax Provisions came in at $502.5 million, up 47.1% 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 -$9.3 million in Q3 2021 and a high of $144.8 million in Q4 2025.
- Year over year, Tax Provisions has now increased in each of the last six quarters, with growth averaging 46.8% over the last seven quarters.
- 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 Q2 2026 came in at $122 million (Q1 2026), $144.8 million (Q4 2025) and $120.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 13.00 Mn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | -1.40 Mn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 115.00 Mn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 3.43 Mn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 7.20 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 10.00 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | - |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 3.26 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 5.01 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 17.99 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | -9.30 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();