Fortinet (FRA:FO8) Tax Rate % : 11.44% (As of Mar. 2024)

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What is Fortinet Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Fortinet's Tax Expense for the three months ended in Mar. 2024 was €36 Mil. Fortinet's Pre-Tax Income for the three months ended in Mar. 2024 was €318 Mil. Therefore, Fortinet's Tax Rate % for the quarter that ended in Mar. 2024 was 11.44%.

Fortinet Tax Rate % Historical Data

The historical data trend for Fortinet's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortinet Tax Rate % Chart

Fortinet Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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14.07

9.82

2.24

3.22

10.78

Fortinet Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															7.32	9.22	-0.09	22.91	11.44

Fortinet Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Fortinet's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	131.865	/	1223.003
	=	10.78 %

Fortinet's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	36.34	/	317.768
	=	11.44 %

Fortinet Tax Rate % Related Terms

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Fortinet (FRA:FO8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortinet Inc (FRA:FO8) » Definitions » Tax Rate %

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Address

899 Kifer Road, Sunnyvale, CA, USA, 94086

Website

https://www.fortinet.com

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 700,000 customers across the world.

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