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| Date | Value |
|---|---|
| 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 |