Full Truck Alliance (YMM) Tax Rate (2020 - 2025)
Full Truck Alliance recorded quarterly Tax Rate of 21.53% in Q4 2025, up 6.31% quarter-over-quarter from 22.98% in Q3 2025, and down 1355.0% year-over-year from 1.72% in Q4 2024.
Full Truck Alliance's Tax Rate history runs 6 years deep, the most recent figure standing at 21.53% for Q4 2025.
- In Q4 2025, Tax Rate fell 1355.0% year-over-year to 21.53%; the TTM figure through Dec 2025 stood at 17.29% (down 1017.0% YoY), while the FY2025 annual figure was 17.24%, up 1012.0% from the prior year.
- Tax Rate came in at 21.53% for Q4 2025 at Full Truck Alliance, up from 22.98% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 8.62% in Q1 2021 to a low of 22.98% in Q3 2025.
- A 5-year average of 7.16% and a median of 6.83% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate plunged 1954 bps in 2022 and soared 1280 bps in 2023, its largest moves.
- Full Truck Alliance's Tax Rate stood at 0.32% in 2021, then tumbled by 2206 bps to 6.73% in 2022, then jumped by 83 bps to 1.17% in 2023, then slumped by 580 bps to 7.98% in 2024, then slumped by 170 bps to 21.53% in 2025.
- According to Business Quant data, Tax Rate over the past three periods registered 21.53%, 22.98%, and 11.83% for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | - |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 25.31 |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 39.11 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 8.36 |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 30.31 |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 21.59 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 22.01 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 23.68 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 24.29 |
| 10 | Full Truck Alliance | 24.56 Bn | 23.81 Bn | - | -21.53 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | -7.98 |
| Sep 30, 2023 | -7.98 |
| Jun 30, 2023 | -4.22 |
| Jun 30, 2023 | -4.22 |
| Mar 31, 2023 | -4.50 |
| Mar 31, 2023 | -4.50 |
| Dec 31, 2022 | -6.73 |
| Dec 31, 2022 | -6.73 |
| Sep 30, 2022 | -15.97 |
| Sep 30, 2022 | -15.97 |
| Jun 30, 2022 | -17.02 |
| Jun 30, 2022 | -17.02 |
| Mar 31, 2022 | 2.22 |
| Mar 31, 2022 | 2.22 |
| Dec 31, 2021 | 0.32 |
| Dec 31, 2021 | 0.32 |
| Sep 30, 2021 | 3.58 |
| Sep 30, 2021 | 3.58 |
| Jun 30, 2021 | -0.60 |
| Jun 30, 2021 | -0.60 |
| Mar 31, 2021 | 8.62 |
| Mar 31, 2021 | 8.62 |
| Dec 31, 2020 | 0.68 |
| Dec 31, 2020 | 0.68 |
| Sep 30, 2020 | 1.00 |
| Sep 30, 2020 | 1.00 |
| Jun 30, 2020 | -0.54 |
| Jun 30, 2020 | -0.54 |