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
DateValue
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%