Full Truck Alliance (YMM) Tax Rate (2020 - 2026)
Full Truck Alliance's (YMM) quarterly Tax Rate came in at 19.33% in Q2 2026, down 750.0% year-over-year from 2.97% in Q2 2025, and down 4.95% quarter-over-quarter from 18.42% in Q1 2026.
Analysis
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 19.33% for Q2 2026.
- In Q2 2026, Tax Rate fell 750.0% year-over-year to 19.33%; the TTM figure through Jun 2026 stood at 20.43% (down 963.0% YoY), while the FY2025 annual figure was 17.24%, down 1012.0% from the prior year.
- Tax Rate came in at 19.33% for Q2 2026 at Full Truck Alliance, down from 18.42% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 2.22% in Q1 2022 to a low of 22.98% in Q3 2025.
- Average Tax Rate over 5 years is 10.71%, with a median of 8.26% recorded in 2024.
- Year-over-year, Tax Rate plunged 1954 bps in 2022 and soared 1280 bps in 2023.
- Over 5 years, Tax Rate stood at 6.73% in 2022, then soared by 83 bps to 1.17% in 2023, then sank by 580 bps to 7.98% in 2024, then sank by 170 bps to 21.53% in 2025, then grew by 10 bps to 19.33% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 19.33% in Q2 2026, 18.42% in Q1 2026, and 21.53% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 262.96 Bn | 227.70 Bn | 15.11 Bn | -48.43% |
| 2 | Booking Holdings | 145.23 Bn | 128.02 Bn | 4.98 Bn | 23.83% |
| 3 | PDD Holdings | 117.02 Bn | 86.74 Bn | 9.45 Bn | -14.82% |
| 4 | Airbnb | 107.34 Bn | 95.28 Bn | 2.98 Bn | 9.03% |
| 5 | Mercadolibre | 100.30 Bn | 85.10 Bn | 4.16 Bn | 23.10% |
| 6 | Ebay | 46.02 Bn | 42.71 Bn | 2.30 Bn | 16.99% |
| 7 | Expedia | 34.12 Bn | 26.99 Bn | 3.91 Bn | 14.80% |
| 8 | Maplebear | 11.90 Bn | 11.05 Bn | 751.00 Mn | 24.49% |
| 9 | Full Truck Alliance | 8.08 Bn | 7.12 Bn | - | -19.33% |
| 10 | Etsy | 7.07 Bn | 5.94 Bn | 484.05 Mn | 15.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.33% |
| Mar 31, 2026 | -18.42% |
| Dec 31, 2025 | -21.53% |
| Sep 30, 2025 | -22.98% |
| Jun 30, 2025 | -11.83% |
| Mar 31, 2025 | -14.21% |
| Dec 31, 2024 | -7.98% |
| Sep 30, 2024 | -6.94% |
| Jun 30, 2024 | -5.74% |
| Mar 31, 2024 | -8.54% |
| Dec 31, 2023 | -1.17% |
| Sep 30, 2023 | -7.98% |
| Jun 30, 2023 | -4.22% |
| Mar 31, 2023 | -4.50% |
| Dec 31, 2022 | -6.73% |
| Sep 30, 2022 | -15.97% |
| Jun 30, 2022 | -17.02% |
| Mar 31, 2022 | 2.22% |
| Dec 31, 2021 | 0.32% |
| Sep 30, 2021 | 3.58% |