Fortinet, Inc. (FTNT) Tax Rate: 19.15%
Is Fortinet, Inc.’s tax rate high or low?
Fortinet, Inc.'s tax rate of 19.15% is 92% above its 5-year average of 9.97%, near the high end of its 5-year range (2.27%–19.15%).
The tax rate for Fortinet, Inc. (FTNT) is 19.15%. It is above its 12-month average by 15.57% (16.57%).
FTNT Tax Rate Chart
FTNT Average Tax Rate Chart
FTNT Current vs Average Tax Rate Chart
FTNT Tax Rate Metrics
TAX RATE
19.15%
TAX RATE AVG TTM
16.57%
TAX RATE AVG 3Y
11.94%
TAX RATE AVG 5Y
9.97%
TAX RATE AVG 10Y
17.75%
TAX RATE AVG 15Y
24.44%
TAX RATE AVG 20Y
12.71%
CURRENT VS TTM AVG
+15.57%
CURRENT VS 3Y AVG
+60.45%
CURRENT VS 5Y AVG
+92.04%
CURRENT VS 10Y AVG
+7.91%
CURRENT VS 15Y AVG
-21.63%
CURRENT VS 20Y AVG
+50.66%
Fortinet, Inc. Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Fortinet, Inc. Tax Rate FAQ
- What is the tax rate for Fortinet, Inc. (FTNT)?
- The tax rate for FTNT stock is 19.15%.
- Is Fortinet, Inc.'s tax rate high or low?
- Fortinet, Inc.'s tax rate of 19.15% is 92% above its 5-year average of 9.97%, near the high end of its 5-year range (2.27%–19.15%).
- What is the TTM average tax rate for Fortinet, Inc. (FTNT)?
- The TTM average tax rate for FTNT stock is 16.57%.
- What is the 3Y average tax rate for Fortinet, Inc. (FTNT)?
- The 3Y average tax rate for FTNT stock is 11.94%.
- What is the 5Y average tax rate for Fortinet, Inc. (FTNT)?
- The 5Y average tax rate for FTNT stock is 9.97%.
- What is the 10Y average tax rate for Fortinet, Inc. (FTNT)?
- The 10Y average tax rate for FTNT stock is 17.75%.
- What is the 15Y average tax rate for Fortinet, Inc. (FTNT)?
- The 15Y average tax rate for FTNT stock is 24.44%.
- What is the 20Y average tax rate for Fortinet, Inc. (FTNT)?
- The 20Y average tax rate for FTNT stock is 12.71%.
Fortinet, Inc. Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 19.15% |
| 2024-12-31 | 13.99% |
| 2023-12-31 | 11.13% |
| 2022-12-31 | 3.47% |
| 2021-12-31 | 2.27% |
| 2020-12-31 | 9.82% |
| 2019-12-31 | 14.07% |
| 2018-12-31 | -31.69% |
| 2017-12-31 | 74.68% |
| 2016-12-31 | 25.29% |
| 2015-12-31 | 53.03% |
| 2014-12-31 | 58.82% |
| 2013-12-31 | 41.70% |
| 2012-12-31 | 36.34% |
| 2011-12-31 | 32.13% |
| 2010-12-31 | 26.79% |
| 2009-12-31 | -118.73% |
| 2008-12-31 | 20.41% |
| 2007-12-31 | -8.88% |
| 2006-12-31 | -29.58% |
Related Metrics
About Fortinet, Inc.
Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Ken Xie