Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
137.97
+8.27 (6.38%)
At close: May 29, 2026, 4:00 PM EDT
138.00
+0.03 (0.02%)
After-hours: May 29, 2026, 7:59 PM EDT
Fortinet Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 7,110 | 6,800 | 5,956 | 5,305 | 4,417 | 3,342 | |
Revenue Growth (YoY) | 15.75% | 14.17% | 12.27% | 20.09% | 32.17% | 28.82% |
Cost of Revenue | 1,400 | 1,329 | 1,158 | 1,237 | 1,085 | 783 |
Gross Profit | 5,709 | 5,471 | 4,798 | 4,068 | 3,333 | 2,559 |
Selling, General & Admin | 2,673 | 2,581 | 2,283 | 2,217 | 1,855 | 1,489 |
Research & Development | 830.9 | 815.5 | 716.8 | 613.8 | 512.4 | 424.2 |
Other Operating Expenses | -5.5 | -10.4 | -4.6 | -4.6 | -4.6 | -4.6 |
Total Operating Expenses | 3,498 | 3,386 | 2,995 | 2,827 | 2,363 | 1,909 |
Operating Income | 2,211 | 2,085 | 1,803 | 1,241 | 969.6 | 650.4 |
Interest Income | 150.9 | 162.3 | 155.2 | 119.7 | 17.4 | 4.5 |
Interest Expense | -19.4 | -20.1 | -20 | -21 | -18 | -14.9 |
Other Non-Operating Income (Expense) | 77.1 | 55.3 | 119.9 | -6.1 | -13.5 | -11.6 |
Total Non-Operating Income (Expense) | 208.6 | 197.5 | 255.1 | 92.6 | -14.1 | -22 |
Pretax Income | 2,420 | 2,282 | 2,059 | 1,334 | 955.5 | 628.4 |
Provision for Income Taxes | 464.6 | 439.1 | 283.9 | 143.8 | 30.8 | 14.1 |
Net Income | 1,955 | 1,853 | 1,745 | 1,148 | 856.6 | 606.7 |
Minority Interest in Earnings | -0.4 | 10.3 | -29.4 | -42.1 | -68.8 | -7.7 |
Net Income to Common | 1,955 | 1,853 | 1,745 | 1,148 | 856.6 | 606.7 |
Net Income Growth | 4.00% | 6.20% | 52.05% | 33.99% | 41.19% | 24.20% |
Shares Outstanding (Basic) | 751 | 758 | 764 | 779 | 791 | 816 |
Shares Outstanding (Diluted) | 756 | 765 | 772 | 788 | 805 | 835 |
Shares Change (YoY) | -2.23% | -0.95% | -2.07% | -2.12% | -3.59% | -0.36% |
EPS (Basic) | 2.60 | 2.45 | 2.28 | 1.47 | 1.08 | 0.74 |
EPS (Diluted) | 2.59 | 2.42 | 2.26 | 1.46 | 1.06 | 0.73 |
EPS Growth | 6.58% | 7.08% | 54.80% | 37.74% | 45.20% | 25.86% |
Shares Outstanding | 734 | 743 | 767 | 761 | 781.5 | 810 |
Free Cash Flow | 2,436 | 2,226 | 1,879 | 1,731 | 1,449 | 1,204 |
Free Cash Flow Growth | 9.42% | 18.44% | 8.54% | 19.46% | 20.40% | 25.68% |
Free Cash Flow Per Share | 3.22 | 2.91 | 2.43 | 2.20 | 1.80 | 1.44 |
Gross Margin | 80.30% | 80.46% | 80.56% | 76.68% | 75.44% | 76.57% |
Operating Margin | 31.10% | 30.66% | 30.28% | 23.40% | 21.95% | 19.46% |
Profit Margin | 27.49% | 27.41% | 28.81% | 20.84% | 17.85% | 17.93% |
FCF Margin | 34.26% | 32.73% | 31.55% | 32.64% | 32.81% | 36.02% |
EBITDA | 2,719 | 2,573 | 2,220 | 1,621 | 1,297 | 910.7 |
EBITDA Margin | 38.25% | 37.84% | 37.27% | 30.55% | 29.37% | 27.25% |
EBIT | 2,211 | 2,085 | 1,803 | 1,241 | 969.6 | 650.4 |
EBIT Margin | 31.10% | 30.66% | 30.28% | 23.40% | 21.95% | 19.46% |
Effective Tax Rate | 19.20% | 19.24% | 13.79% | 10.78% | 3.22% | 2.24% |