Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
85.99
+0.77 (0.90%)
At close: Nov 5, 2025, 4:00 PM EST
75.45
-10.54 (-12.26%)
After-hours: Nov 5, 2025, 7:59 PM EST
Fortinet Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2015 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2015 - 2019 |
| 6,555 | 5,956 | 5,305 | 4,417 | 3,342 | 2,594 | Upgrade | |
Revenue Growth (YoY) | 14.78% | 12.27% | 20.09% | 32.17% | 28.82% | 19.95% | Upgrade |
Cost of Revenue | 1,254 | 1,158 | 1,237 | 1,085 | 783 | 570 | Upgrade |
Gross Profit | 5,301 | 4,798 | 4,068 | 3,333 | 2,559 | 2,024 | Upgrade |
Selling, General & Admin | 2,476 | 2,283 | 2,217 | 1,855 | 1,489 | 1,191 | Upgrade |
Research & Development | 801.6 | 716.8 | 613.8 | 512.4 | 424.2 | 341.4 | Upgrade |
Operating Expenses | 3,278 | 2,999 | 2,831 | 2,368 | 1,913 | 1,533 | Upgrade |
Operating Income | 2,023 | 1,799 | 1,237 | 965 | 645.8 | 491.6 | Upgrade |
Interest Expense | -20.6 | -20 | -21 | -18 | -14.9 | - | Upgrade |
Interest & Investment Income | 172.3 | 155.2 | 119.7 | 17.4 | 4.5 | 17.7 | Upgrade |
Earnings From Equity Investments | 4.8 | -29.4 | -42.1 | -68.1 | -7.6 | - | Upgrade |
Currency Exchange Gain (Loss) | -16.9 | -16.9 | -7 | -4.6 | -8.2 | -5.5 | Upgrade |
Other Non Operating Income (Expenses) | 1.9 | 56.9 | 5.3 | 4.2 | -3.4 | -2.3 | Upgrade |
EBT Excluding Unusual Items | 2,165 | 1,945 | 1,291 | 895.9 | 616.2 | 501.5 | Upgrade |
Gain (Loss) on Sale of Investments | -26.4 | -26.4 | -4.4 | -13.1 | - | - | Upgrade |
Gain (Loss) on Sale of Assets | 10.2 | 4.6 | 4.6 | 4.6 | 4.6 | 40.2 | Upgrade |
Other Unusual Items | 106.3 | 106.3 | - | - | - | - | Upgrade |
Pretax Income | 2,255 | 2,029 | 1,292 | 887.4 | 620.8 | 541.7 | Upgrade |
Income Tax Expense | 381 | 283.9 | 143.8 | 30.8 | 14.1 | 53.2 | Upgrade |
Earnings From Continuing Operations | 1,874 | 1,745 | 1,148 | 856.6 | 606.7 | 488.5 | Upgrade |
Minority Interest in Earnings | - | - | - | 0.7 | 0.1 | - | Upgrade |
Net Income | 1,874 | 1,745 | 1,148 | 857.3 | 606.8 | 488.5 | Upgrade |
Net Income to Common | 1,874 | 1,745 | 1,148 | 857.3 | 606.8 | 488.5 | Upgrade |
Net Income Growth | 22.47% | 52.05% | 33.88% | 41.28% | 24.22% | 47.27% | Upgrade |
Shares Outstanding (Basic) | 764 | 764 | 779 | 791 | 816 | 821 | Upgrade |
Shares Outstanding (Diluted) | 771 | 772 | 788 | 805 | 835 | 838 | Upgrade |
Shares Change (YoY) | 0.04% | -2.07% | -2.12% | -3.59% | -0.36% | -4.19% | Upgrade |
EPS (Basic) | 2.45 | 2.28 | 1.47 | 1.08 | 0.74 | 0.60 | Upgrade |
EPS (Diluted) | 2.43 | 2.26 | 1.46 | 1.06 | 0.73 | 0.58 | Upgrade |
EPS Growth | 22.04% | 54.80% | 37.74% | 45.20% | 25.86% | 52.63% | Upgrade |
Free Cash Flow | 2,028 | 1,879 | 1,731 | 1,449 | 1,204 | 957.8 | Upgrade |
Free Cash Flow Per Share | 2.63 | 2.44 | 2.20 | 1.80 | 1.44 | 1.14 | Upgrade |
Gross Margin | 80.87% | 80.56% | 76.68% | 75.44% | 76.57% | 78.03% | Upgrade |
Operating Margin | 30.86% | 30.20% | 23.31% | 21.84% | 19.32% | 18.95% | Upgrade |
Profit Margin | 28.58% | 29.30% | 21.64% | 19.41% | 18.16% | 18.83% | Upgrade |
Free Cash Flow Margin | 30.95% | 31.55% | 32.64% | 32.81% | 36.02% | 36.92% | Upgrade |
EBITDA | 2,171 | 1,922 | 1,350 | 1,069 | 730.2 | 560.4 | Upgrade |
EBITDA Margin | 33.12% | 32.26% | 25.45% | 24.21% | 21.85% | 21.60% | Upgrade |
D&A For EBITDA | 147.7 | 122.8 | 113.4 | 104.3 | 84.4 | 68.8 | Upgrade |
EBIT | 2,023 | 1,799 | 1,237 | 965 | 645.8 | 491.6 | Upgrade |
EBIT Margin | 30.86% | 30.20% | 23.31% | 21.84% | 19.32% | 18.95% | Upgrade |
Effective Tax Rate | 16.90% | 13.99% | 11.13% | 3.47% | 2.27% | 9.82% | Upgrade |
Revenue as Reported | 6,555 | 5,956 | 5,305 | 4,417 | 3,342 | 2,594 | Upgrade |
Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.