What impacted Palantir's income tax expense in Q3 2024?

Palantir's income tax expense for Q3 2024 was $7.81 million. The factors that impacted Palantir's income tax expense in Q3 2024 are as follows:

|code|Ticker|Name|Date|Income Taxes|Income Taxes YoY|market_code|
|---|---|---|---|---|---|---|
|PLTR|PLTR.O|Palantir|2023 Q4|9334000|114.08256880733944|185|
|PLTR|PLTR.O|Palantir|2024 Q1|4655000|176.918500892326|185|
|PLTR|PLTR.O|Palantir|2024 Q2|5189000|139.0142791340396|185|
|PLTR|PLTR.O|Palantir|2024 Q3|7809000|19.586523736600306|185|

1. **Geographic Distribution of Operations**: Palantir's income tax expense is impacted by its geographic distribution of operations. The company generates income in various jurisdictions, each with its own tax laws and rates. Changes in the tax rates or laws in these jurisdictions can affect the company's income tax expense.
2. **Business Segment Performance**: Palantir's income tax expense is also influenced by the performance of its business segments. The company operates in both government and commercial segments, and the revenue growth in these segments can impact the income tax expense. For example, the commercial segment revenue grew by 33% year-over-year to $307 million, which may have resulted in a higher income tax expense due to the increased taxable income.

In conclusion, Palantir's income tax expense in Q3 2024 was impacted by its geographic distribution of operations and business segment performance. The company's income tax expense is subject to changes in tax laws and rates in various jurisdictions and the performance of its business segments, which can result in fluctuations in the income tax expense.