Fortinet (FTNT) Tax Rate (2010 - 2026)
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 - 2026) 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 -5.93% in Q3 2021 and a high of 22.91% in Q4 2023.
- Year over year, Tax Rate gained in five of the last eight quarters, with an average year-over-year change of +3.31 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 Q1 2022 (a drop of 16.06 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 (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn | - |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn | 15.97% |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn | - |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn | 13.92% |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn | 7.94% |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn | 9.97% |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn | 10.89% |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn | 7.95% |
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 | 14.02% |
| Sep 30, 2024 | 12.96% |
| Jun 30, 2024 | 16.34% |
| Mar 31, 2024 | 11.44% |
| Dec 31, 2023 | 22.91% |
| 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% |
| Dec 31, 2021 | 1.78% |
| Jun 30, 2021 | 5.17% |
| Mar 31, 2021 | 10.22% |
| Dec 31, 2020 | 14.56% |
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();