Fortinet (FTNT) Tax Rate (2010 - 2026)

Fortinet (FTNT) posted Tax Rate of 18.58% for Q1 2026, down 16.49% on a QoQ basis from 22.25% in Q4 2025, and little changed year-on-year from 18.58% in Q1 2025.

Fortinet (FTNT) Tax Rate (2010 - 2026) Analysis & Trends

Fortinet has disclosed Tax Rate across 17 years of filings, most recently posting 18.58% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 18.58%, changed 0.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.2% (down 254.0% YoY), and the FY2025 annual result was 19.24%, up 545.0% from the prior year.
  • Tax Rate came in at 18.58% for Q1 2026 at Fortinet, down from 22.25% in the prior quarter.
  • Over the last five years, Tax Rate for FTNT reached as high as 22.91% in Q4 2023 and fell as low as 189.3% in Q4 2024.
  • Median Tax Rate over the past 5 years was 11.44% (2024), compared with a mean of 0.37%.
  • Year-over-year, Tax Rate sank 21221 bps in 2024 and soared 21155 bps in 2025.
  • Over 5 years, Tax Rate stood at 2.5% in 2022, then surged by 817 bps to 22.91% in 2023, then slumped by 926 bps to 189.3% in 2024, then surged by 112 bps to 22.25% in 2025, then dropped by 16 bps to 18.58% in 2026.
  • Per Business Quant, the three latest FTNT Tax Rate figures stand at 18.58% (Q1 2026), 22.25% (Q4 2025), and 20.29% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 ZenaTech 82,806.72 Bn 82,806.72 Bn - -
2 Microsoft 11,085.79 Bn 11,007.52 Bn 56.06 Bn 19.22
3 Palantir Technologies 1,073.49 Bn 1,065.58 Bn 1.42 Bn 1.37
4 Rezolve Ai 1,009.18 Bn 1,009.17 Bn - -
5 Palo Alto Networks 824.56 Bn 820.03 Bn 1.91 Bn 21.31
6 CrowdStrike Holdings 701.26 Bn 698.20 Bn 993.68 Mn -6.22
7 Oracle 514.97 Bn 476.40 Bn 17.12 Bn 19.84
8 Fortinet 456.74 Bn 453.45 Bn 1.49 Bn 18.58
9 Cloudflare 331.63 Bn 330.68 Bn 455.60 Mn -7.01
10 Synopsys 303.79 Bn 303.67 Bn 1.77 Bn 18.14

Historic Data

Download Data
DateValue
Mar 31, 2026 18.58
Mar 31, 2026 18.58
Dec 31, 2025 22.25
Dec 31, 2025 22.25
Sep 30, 2025 20.29
Sep 30, 2025 20.29
Jun 30, 2025 14.90
Jun 30, 2025 14.90
Mar 31, 2025 18.58
Mar 31, 2025 18.58
Dec 31, 2024 -189.30
Dec 31, 2024 -189.30
Sep 30, 2024 12.96
Sep 30, 2024 12.96
Jun 30, 2024 16.34
Jun 30, 2024 16.34
Mar 31, 2024 11.44
Mar 31, 2024 11.44
Dec 31, 2023 22.91
Dec 31, 2023 22.91