Fortive (FTV) Tax Rate (2015 - 2026)
Fortive (FTV) recorded quarterly Tax Rate of 16.63% in Q2 2026, up 1243.24% quarter-over-quarter from 1.24% in Q4 2025, and up 84.0% on a YoY basis from 9.04% in Q2 2025.
Fortive (FTV) Tax Rate (2015 - 2026) Analysis & Trends
Fortive's Tax Rate history runs 12 years deep, the most recent figure standing at 16.63% for 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 was 16.63% for Q2 2026 at Fortive, up from 1.24% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 31.41% in Q4 2023 to a low of 7.21% in Q4 2024.
- Historically, Tax Rate has averaged 12.37% across 5 years, with a median of 13.47% in 2022.
- The sharpest annual moves came in 2023 and 2024: Tax Rate surged 1981 bps in 2023, then slumped 3862 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 11.6% in 2022, then jumped by 171 bps to 31.41% in 2023, then slumped 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.
- The last three Tax Rate figures came in at 16.63% (Q2 2026), 1.24% (Q4 2025), and 13.33% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 67.67 Bn | 66.37 Bn | 679.95 Mn | 1.45% |
| 2 | Keysight Technologies | 57.00 Bn | 54.83 Bn | 995.00 Mn | -41.92% |
| 3 | Garmin | 45.82 Bn | 43.12 Bn | 1.04 Bn | 14.27% |
| 4 | Teledyne Technologies | 28.64 Bn | 28.34 Bn | 673.80 Mn | 18.62% |
| 5 | Mks | 21.67 Bn | 21.10 Bn | 507.00 Mn | 17.65% |
| 6 | Fortive | 19.42 Bn | 19.07 Bn | 675.50 Mn | 16.63% |
| 7 | Trimble | 12.42 Bn | 12.19 Bn | 646.30 Mn | 24.68% |
| 8 | Cognex | 10.23 Bn | 9.94 Bn | 190.94 Mn | 16.28% |
| 9 | Esco Technologies | 7.86 Bn | 7.77 Bn | 131.32 Mn | 23.50% |
| 10 | Sensata Technologies Holding | 7.28 Bn | 6.64 Bn | 286.30 Mn | 24.59% |
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% |