Full Truck Alliance (YMM) Tax Rate (2020 - 2026)
Full Truck Alliance's (YMM) quarterly Tax Rate came in at 18.42% in Q1 2026, down 421.0% year-on-year from 5.74% in Q1 2025, and up 14.48% quarter-over-quarter from 21.53% in Q4 2025.
Full Truck Alliance (YMM) Tax Rate (2020 - 2026) Analysis & Trends
Full Truck Alliance has disclosed Tax Rate across 7 years of filings, most recently posting 18.42% for Q1 2026.
- Tax Rate for Q1 2026 came in at 18.42%, down 421.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.43% (down 904.0% YoY), and the FY2025 annual result was 17.24%, up 1012.0% from the prior year.
- Tax Rate came in at 18.42% for Q1 2026 at Full Truck Alliance, up 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.
- The 5-year median for Tax Rate is 7.98% (2023), against an average of 3.42%.
- Across the five-year window, Tax Rate jumped 9904 bps in 2022 and sank 10266 bps in 2023, its largest moves.
- Full Truck Alliance's Tax Rate stood at 6.73% in 2022, then soared by 83 bps to 1.17% in 2023, then tumbled by 580 bps to 7.98% in 2024, then tumbled by 170 bps to 21.53% in 2025, then climbed by 14 bps to 18.42% in 2026.
- The last three Tax Rate figures came in at 18.42% (Q1 2026), 21.53% (Q4 2025), and 22.98% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -18.42% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 39.11% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 8.36% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 22.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 21.59% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 30.31% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 23.68% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 23.50% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | 0.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.42% |
| Mar 31, 2026 | -18.42% |
| Dec 31, 2025 | -21.53% |
| Dec 31, 2025 | -21.53% |
| Sep 30, 2025 | -22.98% |
| Sep 30, 2025 | -22.98% |
| Jun 30, 2025 | -11.83% |
| Jun 30, 2025 | -11.83% |
| Mar 31, 2025 | -14.21% |
| Mar 31, 2025 | -14.21% |
| Dec 31, 2024 | -7.98% |
| Dec 31, 2024 | -7.98% |
| Sep 30, 2024 | -6.94% |
| Sep 30, 2024 | -6.94% |
| Jun 30, 2024 | -5.74% |
| Jun 30, 2024 | -5.74% |
| Mar 31, 2024 | -8.54% |
| Mar 31, 2024 | -8.54% |
| Dec 31, 2023 | -1.17% |
| Dec 31, 2023 | -1.17% |