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
DateValue
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%