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Fortinet (FTNT) Tax Rate: 2010-2024

Historic Tax Rate for Fortinet (FTNT) over the last 14 years, with Dec 2024 value amounting to 13.79%.

  • Fortinet's Tax Rate rose 733.00% to 20.29% in Q3 2025 from the same period last year, while for Sep 2025 it was 16.93%, marking a year-over-year increase of 118.00%. This contributed to the annual value of 13.79% for FY2024, which is 301.00% up from last year.
  • According to the latest figures from FY2024, Fortinet's Tax Rate is 13.79%, which was up 27.91% from 10.78% recorded in FY2023.
  • Fortinet's Tax Rate's 5-year high stood at 13.79% during FY2024, with a 5-year trough of 2.24% in FY2021.
  • Its 3-year average for Tax Rate is 9.27%, with a median of 10.78% in 2023.
  • Per our database at Business Quant, Fortinet's Tax Rate slumped by 758bps in 2021 and then soared by 756bps in 2023.
  • Over the past 5 years, Fortinet's Tax Rate (Yearly) stood at 9.82% in 2020, then tumbled by 758bps to 2.24% in 2021, then surged by 98bps to 3.22% in 2022, then spiked by 756bps to 10.78% in 2023, then surged by 301bps to 13.79% in 2024.