Full Truck Alliance (YMM) Tax Rate (2020 - 2026)
Full Truck Alliance (YMM) reported Tax Rate of 18.42% for Q1 2026, down 421.0% on a YoY basis from 5.74% in Q1 2025, and up 14.48% sequentially from 21.53% in Q4 2025.
Full Truck Alliance (YMM) Tax Rate (2020 - 2026) Analysis & Trends
Full Truck Alliance (YMM) has 7 years of Tax Rate data on file, last reported at 18.42% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate fell 421.0% year-over-year to 18.42%; the trailing twelve-month figure through Mar 2026 stood at 18.43% (down 904.0% YoY), and the FY2025 full-year result was 17.24%, up 1012.0% from the prior year.
- Tax Rate climbed to 18.42% in Q1 2026, from 21.53% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 98.44% in Q2 2022 to a low of 22.98% in Q3 2025.
- A 5-year average of 3.42% and a median of 7.98% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate jumped 9904 bps in 2022 and tumbled 10266 bps in 2023, its largest moves.
- Tracing YMM's Tax Rate over 5 years: stood at 6.73% in 2022, then surged by 83 bps to 1.17% in 2023, then plunged by 580 bps to 7.98% in 2024, then plunged by 170 bps to 21.53% in 2025, then advanced by 14 bps to 18.42% in 2026.
- Business Quant data shows YMM's Tax Rate at 18.42% in Q1 2026, 21.53% in Q4 2025, and 22.98% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -29.13% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -18.42% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 8.36% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 39.11% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 22.57% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 31.96% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 23.68% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 0.37% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 21.59% |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 10.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.42% |
| Mar 31, 2026 | -18.42% |
| Mar 31, 2026 | -18.42% |
| Dec 31, 2025 | -21.53% |
| Dec 31, 2025 | -21.53% |
| Dec 31, 2025 | -21.53% |
| Sep 30, 2025 | -22.98% |
| Sep 30, 2025 | -22.98% |
| Sep 30, 2025 | -22.98% |
| Jun 30, 2025 | -11.83% |
| Jun 30, 2025 | -11.83% |
| Jun 30, 2025 | -11.83% |
| Mar 31, 2025 | -14.21% |
| Mar 31, 2025 | -14.21% |
| Mar 31, 2025 | -14.21% |
| Dec 31, 2024 | -7.98% |
| Dec 31, 2024 | -7.98% |
| Dec 31, 2024 | -7.98% |
| Sep 30, 2024 | -6.94% |
| Sep 30, 2024 | -6.94% |