Fortinet (FTNT) Tax Rate (2010 - 2026)
Fortinet (FTNT) posted Tax Rate of 15.97% for Q2 2026, down 14.06% on a QoQ basis from 18.58% in Q1 2026, and up 106.0% year-over-year from 7.75% in Q2 2025.
Powered by 
Analysis
Fortinet (FTNT) Tax Rate (2010 - 2026) Analysis & Trends
Fortinet has reported Tax Rate for 17 years, with the latest figure at 15.97% in Q2 2026.
- On a quarterly basis, Tax Rate rose 106.0% year-over-year to 15.97% in Q2 2026; TTM through Jun 2026 was 19.16%, a 195.0% decrease from a year earlier, with the FY2025 full-year figure at 19.24%, up 545.0% from the prior year.
- Tax Rate was 15.97% for Q2 2026 at Fortinet, 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.
- Average Tax Rate over 5 years is 0.54%, with a median of 12.2% recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Tax Rate sank 21221 bps in 2024, then soared 21155 bps in 2025.
- Over 5 years, Tax Rate stood at 2.5% in 2022, then soared by 817 bps to 22.91% in 2023, then tumbled by 926 bps to 189.3% in 2024, then soared by 112 bps to 22.25% in 2025, then slipped by 28 bps to 15.97% in 2026.
- The last three Tax Rate figures came in at 15.97% (Q2 2026), 18.58% (Q1 2026), and 22.25% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | -4.83% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | -35.60% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -1.82% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 13.92% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 9.97% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 10.89% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 7.94% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 31.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.97% |
| Mar 31, 2026 | 18.58% |
| Dec 31, 2025 | 22.25% |
| Sep 30, 2025 | 20.29% |
| Jun 30, 2025 | 14.90% |
| Mar 31, 2025 | 18.58% |
| Dec 31, 2024 | -189.30% |
| Sep 30, 2024 | 12.96% |
| Jun 30, 2024 | 16.34% |
| Mar 31, 2024 | 11.44% |
| Dec 31, 2023 | 22.91% |
| Sep 30, 2023 | -0.09% |
| Jun 30, 2023 | 9.22% |
| Mar 31, 2023 | 7.32% |
| Dec 31, 2022 | 2.50% |
| Sep 30, 2022 | 10.31% |
| Jun 30, 2022 | 1.31% |
| Mar 31, 2022 | -5.84% |
| Dec 31, 2021 | 1.78% |
| Sep 30, 2021 | -5.93% |
API Access
Fortinet Tax Rate 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-rate&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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-rate&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();