Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
157.22
-0.25 (-0.16%)
At close: Sep 9, 2026, 4:00 PM EDT
157.20
-0.02 (-0.01%)
After-hours: Sep 9, 2026, 4:24 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 | Jun '26 Jun 30, 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 |
| 7,527 | 6,800 | 5,956 | 5,305 | 4,417 | 3,342 | |
Revenue Growth | 18.77% | 14.17% | 12.27% | 20.09% | 32.17% | 28.82% |
Cost of Revenue | 1,490 | 1,329 | 1,158 | 1,237 | 1,085 | 783 |
Gross Profit | 6,037 | 5,471 | 4,798 | 4,068 | 3,333 | 2,559 |
Selling, General & Admin | 2,754 | 2,581 | 2,283 | 2,217 | 1,855 | 1,489 |
Research & Development | 846.4 | 815.5 | 716.8 | 613.8 | 512.4 | 424.2 |
Operating Expenses | 3,601 | 3,396 | 2,999 | 2,831 | 2,368 | 1,913 |
Operating Income | 2,437 | 2,074 | 1,799 | 1,237 | 965 | 645.8 |
Interest Expense | -18 | -20.1 | -20 | -21 | -18 | -14.9 |
Interest & Investment Income | 139.1 | 162.3 | 155.2 | 119.7 | 17.4 | 4.5 |
Earnings From Equity Investments | 0.8 | 10.3 | -29.4 | -42.1 | -68.1 | -7.6 |
Currency Exchange Gain (Loss) | -4.9 | -4.9 | -16.9 | -7 | -4.6 | -8.2 |
Other Non Operating Income (Expenses) | -2.4 | 9.5 | 4.1 | 5.3 | 4.2 | -3.4 |
EBT Excluding Unusual Items | 2,551 | 2,231 | 1,892 | 1,291 | 895.9 | 616.2 |
Gain (Loss) on Sale of Investments | 66.4 | 10.8 | 26.4 | -4.4 | -13.1 | - |
Gain (Loss) on Sale of Assets | 5.5 | 10.4 | 4.6 | 4.6 | 4.6 | 4.6 |
Other Unusual Items | - | 39.9 | 106.3 | - | - | - |
Pretax Income | 2,623 | 2,293 | 2,029 | 1,292 | 887.4 | 620.8 |
Income Tax Expense | 502.5 | 439.1 | 283.9 | 143.8 | 30.8 | 14.1 |
Earnings From Continuing Operations | 2,121 | 1,853 | 1,745 | 1,148 | 856.6 | 606.7 |
Minority Interest in Earnings | - | - | - | - | 0.7 | 0.1 |
Net Income | 2,121 | 1,853 | 1,745 | 1,148 | 857.3 | 606.8 |
Net Income to Common | 2,121 | 1,853 | 1,745 | 1,148 | 857.3 | 606.8 |
Net Income Growth | 9.34% | 6.20% | 52.05% | 33.88% | 41.28% | 24.22% |
Shares Outstanding (Basic) | 743 | 758 | 764 | 779 | 791 | 816 |
Shares Outstanding (Diluted) | 748 | 765 | 772 | 788 | 805 | 835 |
Shares Change | -3.40% | -0.95% | -2.07% | -2.12% | -3.59% | -0.36% |
EPS (Basic) | 2.86 | 2.45 | 2.28 | 1.47 | 1.08 | 0.74 |
EPS (Diluted) | 2.83 | 2.42 | 2.26 | 1.46 | 1.06 | 0.73 |
EPS Growth | 12.81% | 7.08% | 54.80% | 37.74% | 45.20% | 25.86% |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 3,117 | 2,226 | 1,879 | 1,731 | 1,449 | 1,204 |
Free Cash Flow Per Share | 4.17 | 2.91 | 2.44 | 2.20 | 1.80 | 1.44 |
Gross Margin | 80.20% | 80.46% | 80.56% | 76.68% | 75.44% | 76.57% |
Operating Margin | 32.37% | 30.51% | 30.20% | 23.31% | 21.84% | 19.32% |
Profit Margin | 28.17% | 27.26% | 29.30% | 21.64% | 19.41% | 18.16% |
Free Cash Flow Margin | 41.41% | 32.73% | 31.55% | 32.64% | 32.81% | 36.02% |
EBITDA | 2,596 | 2,226 | 1,922 | 1,350 | 1,069 | 730.2 |
EBITDA Margin | 34.48% | 32.74% | 32.26% | 25.45% | 24.21% | 21.85% |
D&A For EBITDA | 159.1 | 152 | 122.8 | 113.4 | 104.3 | 84.4 |
EBIT | 2,437 | 2,074 | 1,799 | 1,237 | 965 | 645.8 |
EBIT Margin | 32.37% | 30.51% | 30.20% | 23.31% | 21.84% | 19.32% |
Effective Tax Rate | 19.16% | 19.15% | 13.99% | 11.13% | 3.47% | 2.27% |
Revenue as Reported | 7,527 | 6,800 | 5,956 | 5,305 | 4,417 | 3,342 |