Fortinet (FTNT) Tax Rate (2010 - 2026)
Fortinet (FTNT) posted quarterly Tax Rate of 15.97% for Q2 2026, up 106.0% year-over-year from 7.75% in Q2 2025, and down 14.06% quarter-over-quarter from 18.58% in Q1 2026.
Fortinet (FTNT) Tax Rate (2010 - 2026) Analysis & Trends
Fortinet's Tax Rate history runs 17 years deep, the most recent figure standing at 15.97% for Q2 2026.
- In Q2 2026, Tax Rate rose 106.0% year-over-year to 15.97%; the TTM figure through Jun 2026 stood at 19.16% (down 195.0% YoY), while the FY2025 annual figure was 19.24%, up 545.0% from the prior year.
- Tax Rate for Q2 2026 stood at 15.97%, down from 18.58% in the prior quarter.
- The five-year high for Tax Rate was 22.91% in Q4 2023, with the low at 189.3% in Q4 2024.
- The 5-year median for Tax Rate is 12.2% (2024), against an average of 0.54%.
- The sharpest annual moves came in 2024 and 2025: Tax Rate sank 21221 bps in 2024, then jumped 21155 bps in 2025.
- Fortinet's Tax Rate stood at 2.5% in 2022, then jumped by 817 bps to 22.91% in 2023, then tumbled by 926 bps to 189.3% in 2024, then jumped by 112 bps to 22.25% in 2025, then retreated by 28 bps to 15.97% in 2026.
- Business Quant data shows FTNT's Tax Rate at 15.97% in Q2 2026, 18.58% in Q1 2026, and 22.25% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 24.84% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | -10.34% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 1.42% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -13.46% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 15.97% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -1.22% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 18.14% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -10.99% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 71.11% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -42.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.97% |
| Jun 30, 2026 | 15.97% |
| Jun 30, 2026 | 15.97% |
| Mar 31, 2026 | 18.58% |
| Mar 31, 2026 | 18.58% |
| Mar 31, 2026 | 18.58% |
| Dec 31, 2025 | 22.25% |
| Dec 31, 2025 | 22.25% |
| Dec 31, 2025 | 22.25% |
| Sep 30, 2025 | 20.29% |
| Sep 30, 2025 | 20.29% |
| Sep 30, 2025 | 20.29% |
| Jun 30, 2025 | 14.90% |
| Jun 30, 2025 | 14.90% |
| Jun 30, 2025 | 14.90% |
| Mar 31, 2025 | 18.58% |
| Mar 31, 2025 | 18.58% |
| Mar 31, 2025 | 18.58% |
| Dec 31, 2024 | -189.30% |
| Dec 31, 2024 | -189.30% |