Fortinet (FTNT) Tax Rate (2010 - 2025)
Fortinet (FTNT) reported Tax Rate of 15.97% for Q2 2026, up 1.06 percentage points from 14.90% a year earlier but down 2.61 percentage points from the prior quarter.
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Analysis
Fortinet (FTNT) Tax Rate (2010 - 2025) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Fortinet's Tax Rate came in at 19.16%, up 4.19 percentage points year-over-year; for FY2025, it came in at 19.24%, up 5.45 percentage points from FY2024.
- Tax Rate has increased for four consecutive years, with a five-year change of +9.42 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 13.79% in FY2024 (+3.01 pp), 10.78% in FY2023 (+7.56 pp), 3.22% in FY2022 (+0.98 pp) and 2.24% in FY2021 (-7.58 pp).
- Five-year quarterly Tax Rate spans a low of 1.31% in Q2 2022 and a high of 22.91% in Q4 2023.
- Year over year, Tax Rate gained in four of the last seven quarters, with an average year-over-year change of +1.92 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 20.41 percentage points); the low point was Q4 2021 (a drop of 12.78 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 18.58% (Q1 2026), 22.25% (Q4 2025) and 20.29% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Yr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 265.98 Bn | 251.06 Bn | 2.30 Bn | 42.72% |
| 2 | CrowdStrike Holdings | 231.16 Bn | 211.60 Bn | 1.10 Bn | - |
| 3 | Snowflake | 104.28 Bn | 91.59 Bn | 1.04 Bn | - |
| 4 | Fortinet | 90.77 Bn | 75.03 Bn | 1.64 Bn | 19.24% |
| 5 | Datadog | 64.41 Bn | 44.95 Bn | 959.92 Mn | 15.19% |
| 6 | Zscaler | 31.78 Bn | 17.94 Bn | 689.22 Mn | - |
| 7 | Okta | 29.81 Bn | 21.96 Bn | 641.00 Mn | 7.84% |
| 8 | Baidu | 27.12 Bn | -46.32 Bn | 1.80 Bn | 18.75% |
| 9 | MongoDB | 26.74 Bn | 17.21 Bn | 569.77 Mn | - |
| 10 | Axon Enterprise | 24.63 Bn | 19.89 Bn | 514.98 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 19.24% |
| Dec 31, 2024 | 13.79% |
| Dec 31, 2023 | 10.78% |
| Dec 31, 2022 | 3.22% |
| Dec 31, 2021 | 2.24% |
| Dec 31, 2020 | 9.82% |
| Dec 31, 2019 | 14.07% |
| Dec 31, 2017 | 74.68% |
| Dec 31, 2016 | 25.29% |
| Dec 31, 2015 | 53.03% |
| Dec 31, 2014 | 58.82% |
| Dec 31, 2013 | 41.70% |
| Dec 31, 2012 | 36.34% |
| Dec 31, 2011 | 32.13% |
| Dec 31, 2010 | 26.79% |
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-annual&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate-annual", "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-annual&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();