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.
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Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,721.71 Bn | 3,588.96 Bn | 60.48 Bn | 24.84% |
| 2 | Oracle | 450.68 Bn | 418.78 Bn | - | 50.36% |
| 3 | Palantir Technologies | 418.34 Bn | 408.93 Bn | 1.64 Bn | 1.42% |
| 4 | Palo Alto Networks | 266.28 Bn | 263.17 Bn | 2.03 Bn | -13.46% |
| 5 | CrowdStrike Holdings | 216.66 Bn | 211.65 Bn | 1.10 Bn | -35.60% |
| 6 | Fortinet | 114.50 Bn | 110.43 Bn | 1.64 Bn | 15.97% |
| 7 | Cloudflare | 99.31 Bn | 95.15 Bn | 499.52 Mn | -1.22% |
| 8 | Synopsys | 75.23 Bn | 71.62 Bn | 1.80 Bn | 20.21% |
| 9 | Block | 49.73 Bn | 43.30 Bn | 3.17 Bn | 71.11% |
| 10 | CoreWeave | 48.83 Bn | 43.29 Bn | 1.70 Bn | -10.99% |
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% |