Fortive (FTV) Tax Rate (2015 - 2026)
Fortive (FTV) posted quarterly Tax Rate of 16.63% for Q2 2026, up 84.0% year-over-year from 9.04% in Q2 2025, and up 1243.24% on a QoQ basis from 1.24% in Q4 2025.
Fortive (FTV) Tax Rate (2015 - 2026) Analysis & Trends
Fortive (FTV) has reported Tax Rate for 12 consecutive years, with 16.63% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate rose 84.0% year-over-year to 16.63%; the TTM figure through Apr 2026 stood at 10.66% (up 463.0% YoY), while the FY2025 annual figure was 11.54%, up 684.0% from the prior year.
- Tax Rate came in at 16.63% for Q2 2026 at Fortive, up from 1.24% in the prior quarter.
- The five-year high for Tax Rate was 31.41% in Q4 2023, with the low at 7.21% in Q4 2024.
- Average Tax Rate over 5 years is 12.37%, with a median of 13.47% recorded in 2022.
- Across the five-year window, Tax Rate surged 1981 bps in 2023 and tumbled 3862 bps in 2024, its largest moves.
- Year by year, Tax Rate stood at 11.6% in 2022, then jumped by 171 bps to 31.41% in 2023, then tumbled by 123 bps to 7.21% in 2024, then jumped by 117 bps to 1.24% in 2025, then jumped by 1243 bps to 16.63% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 16.63%, 1.24%, and 13.33% for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 3,591.32 Bn | 3,590.02 Bn | 679.95 Mn | 1.45% |
| 2 | Novanta | 69.39 Bn | 69.00 Bn | 113.58 Mn | 19.94% |
| 3 | Keysight Technologies | 57.75 Bn | 55.57 Bn | 995.00 Mn | -41.92% |
| 4 | Teledyne Technologies | 30.63 Bn | 30.33 Bn | 673.80 Mn | 18.62% |
| 5 | Fortive | 19.14 Bn | 18.79 Bn | 675.50 Mn | 16.63% |
| 6 | Trimble | 12.33 Bn | 12.10 Bn | 646.30 Mn | 24.68% |
| 7 | Cognex | 11.87 Bn | 11.58 Bn | 190.94 Mn | 16.28% |
| 8 | Sensata Technologies Holding | 6.78 Bn | 6.14 Bn | 286.30 Mn | 24.59% |
| 9 | Garmin | 4.63 Bn | 1.93 Bn | 1.04 Bn | 14.27% |
| 10 | Badger Meter | 4.28 Bn | 4.07 Bn | 84.33 Mn | 24.77% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 3, 2026 | 16.63% |
| Apr 3, 2026 | 16.63% |
| Dec 31, 2025 | 1.24% |
| Dec 31, 2025 | 1.24% |
| Sep 26, 2025 | 13.33% |
| Sep 26, 2025 | 13.33% |
| Jun 27, 2025 | 13.23% |
| Jun 27, 2025 | 13.23% |
| Mar 28, 2025 | 15.78% |
| Mar 28, 2025 | 15.78% |
| Dec 31, 2024 | -7.21% |
| Dec 31, 2024 | -7.21% |
| Sep 27, 2024 | -2.20% |
| Sep 27, 2024 | -2.20% |
| Jun 28, 2024 | 14.69% |
| Jun 28, 2024 | 14.69% |
| Mar 29, 2024 | 11.37% |
| Mar 29, 2024 | 11.37% |
| Dec 31, 2023 | 31.41% |
| Dec 31, 2023 | 31.41% |