Full Truck Alliance (YMM) Tax Rate (2020 - 2026)
Full Truck Alliance (YMM) posted Tax Rate of 18.42% for Q1 2026, up 14.48% sequentially from 21.53% in Q4 2025, and down 421.0% YoY from 5.74% in Q1 2025.
Full Truck Alliance (YMM) Tax Rate (2020 - 2026) Analysis & Trends
Full Truck Alliance has reported Tax Rate for 7 years, with the latest figure at 18.42% in Q1 2026.
- Quarterly Tax Rate fell 421.0% year-over-year to 18.42% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 18.43% (down 904.0% YoY) and the FY2025 annual result came in at 17.24%, up 1012.0% from the prior year.
- Tax Rate climbed to 18.42% in Q1 2026 per YMM's latest filing, from 21.53% in the prior quarter.
- Over five years, Tax Rate peaked at 2.22% in Q1 2022 and troughed at 22.98% in Q3 2025.
- A 5-year average of 10.21% and a median of 7.98% in 2024 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2023: Tax Rate sank 1954 bps in 2022, then jumped 1280 bps in 2023.
- Over 5 years, Tax Rate stood at 6.73% in 2022, then surged 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 increased by 14 bps to 18.42% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 18.42%, 21.53%, and 22.98% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -27.76% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 15.38% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 22.57% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 25.63% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 31.96% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 0.37% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 22.20% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 23.50% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 24.29% |
| 10 | Full Truck Alliance | 9.16 Bn | 6.51 Bn | - | -18.42% |
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% |