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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
170.18
+14.11 (9.04%)
At close: Sep 14, 2026, 4:00 PM EDT
169.99
-0.19 (-0.11%)
After-hours: Sep 14, 2026, 7:59 PM EDT

Fortinet Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Revenue
7,5277,1106,8006,5556,3386,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,127
Revenue Growth (YoY)
18.77%15.75%14.17%14.78%14.46%13.83%12.27%10.40%11.02%14.20%20.09%26.22%30.71%31.73%32.17%31.07%31.10%31.52%28.82%26.86%
Cost of Revenue
1,4901,4001,3291,2541,1861,1461,1581,1591,2131,2341,2371,2191,1841,1391,0851,016944.1880.2783721.7
Gross Profit
6,0375,7095,4715,3015,1524,9964,7984,5524,3244,1624,0683,9543,8043,5863,3333,0822,8722,7072,5592,405
Selling, General & Admin
2,7542,6732,5812,4762,4192,3282,2832,2642,2342,2422,2172,1552,0651,9601,8551,7641,6791,5791,4891,404
Research & Development
846.4830.9815.5801.6786.5742.4716.8678.2647.8635.7613.8590.2567.6538.6512.4496.1469.6451.9424.2400.6
Operating Expenses
3,6013,5043,3963,2783,2053,0702,9992,9422,8822,8772,8312,7452,6332,4992,3682,2602,1492,0311,9131,805
Operating Income
2,4372,2052,0742,0231,9471,9261,7991,6101,4421,2841,2371,2091,1711,087965822.1723675.2645.8600.3
Interest Expense
-18-19.4-20.1-20.6-19.4-19.8-20-20.5-20.9-21.1-21-20.1-19.2-18.5-18-18-18.1-18.1-14.9-10.4
Interest & Investment Income
139.1150.9162.3172.3174167.3155.2143.4138131.3119.798.365.936.717.49.35.94.74.55.5
Earnings From Equity Investments
0.8-0.410.34.8-0.3-12.2-29.4-33.4-33.3-26.6-42.1-77.8-78.9-81.7-68.1-27.7-24.2-16.1-7.6-2.8
Currency Exchange Gain (Loss)
-4.9-4.9-4.9-16.9-16.9-16.9-16.9-7-7-7-7-4.6-4.6-4.6-4.6-8.2-8.2-8.2-8.2-5.5
Other Non Operating Income (Expenses)
-2.49.49.51617.88.24.16.30.90.75.36.37.58.54.2-1.3-0.40.8-3.41.5
EBT Excluding Unusual Items
2,5512,3412,2312,1792,1022,0531,8921,6991,5201,3621,2911,2111,1421,028895.9776.2678638.3616.2588.6
Gain (Loss) on Sale of Investments
66.472.610.825.922.911.426.412.5-0.9-4.7-4.4-7.1-2.2-6.3-13.1-13.9-20.2-11.3--3.2
Gain (Loss) on Sale of Assets
5.55.510.410.29.99.84.64.64.64.54.64.64.64.74.64.64.64.64.64.6
Other Unusual Items
--39.939.9146.2146.2106.3106.3------------
Pretax Income
2,6232,4192,2932,2552,2812,2202,0291,8221,5241,3611,2921,2091,1441,026887.4766.9662.4631.6620.8590
Income Tax Expense
502.5464.6439.1381341.5340.9283.9292.4210.9162143.857.885.460.230.825.3-11.3-6.214.135.4
Earnings From Continuing Operations
2,1211,9551,8531,8741,9401,8791,7451,5301,3131,1991,1481,1511,059966856.6741.6673.7637.8606.7554.6
Minority Interest in Earnings
------------0.50.60.70.90.30.20.1-0.1
Net Income
2,1211,9551,8531,8741,9401,8791,7451,5301,3131,1991,1481,1511,059966.6857.3742.5674638606.8554.5
Net Income to Common
2,1211,9551,8531,8741,9401,8791,7451,5301,3131,1991,1481,1511,059966.6857.3742.5674638606.8554.5
Net Income Growth (YoY)
9.34%4.00%6.20%22.47%47.73%56.69%52.05%32.95%23.93%24.08%33.88%54.98%57.18%51.51%41.28%33.90%30.93%29.91%24.22%20.54%
Shares Outstanding (Basic)
743751758764766766764764768773779782784786791800808813816815
Shares Outstanding (Diluted)
748756765771774773772771776782788793795798805816826833835834
Shares Change (YoY)
-3.40%-2.25%-0.95%0.04%-0.23%-1.15%-2.07%-2.76%-2.39%-2.00%-2.12%-2.82%-3.78%-4.09%-3.59%-2.09%-0.57%0.45%-0.36%-2.01%
EPS (Basic)
2.862.602.452.452.532.452.282.001.711.551.471.471.351.231.080.930.830.780.740.68
EPS (Diluted)
2.832.582.422.432.512.432.261.991.691.541.461.441.331.201.060.910.820.770.730.67
EPS Growth (YoY)
12.81%6.17%7.08%22.04%48.37%57.71%54.80%38.00%26.77%28.11%37.74%58.47%62.56%55.72%45.20%36.61%33.47%30.60%25.86%22.97%

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
3,1172,4362,2262,0282,0332,0681,8791,6641,5731,6931,7312,0641,9781,8231,4491,1681,1021,2141,2041,253
Free Cash Flow Per Share
4.173.222.912.632.632.672.442.162.032.162.202.602.492.281.801.431.331.461.441.50
Gross Margin
80.20%80.30%80.46%80.87%81.29%81.34%80.56%79.70%78.09%77.13%76.68%76.44%76.26%75.90%75.44%75.21%75.26%75.46%76.57%76.92%
Operating Margin
32.37%31.02%30.51%30.86%30.72%31.36%30.20%28.19%26.05%23.80%23.31%23.37%23.48%23.01%21.84%20.06%18.95%18.82%19.32%19.20%
Profit Margin
28.17%27.49%27.26%28.58%30.60%30.60%29.30%26.79%23.71%22.23%21.64%22.25%21.24%20.46%19.41%18.12%17.66%17.79%18.16%17.73%
Free Cash Flow Margin
41.41%34.26%32.73%30.95%32.07%33.66%31.55%29.14%28.41%31.37%32.64%39.90%39.66%38.59%32.81%28.49%28.89%33.83%36.02%40.06%
EBITDA
2,5962,3612,2262,1712,0862,0561,9221,7281,5591,3991,3501,3191,2801,1941,069924.4821.8767.8730.2676.1
EBITDA Margin
34.48%33.22%32.74%33.12%32.91%33.48%32.26%30.26%28.15%25.92%25.45%25.51%25.66%25.26%24.21%22.56%21.54%21.41%21.85%21.62%
D&A For EBITDA
159.1156152147.7139.1130122.8117.8116.3114.5113.4110.5108.6106.3104.3102.398.892.684.475.8
EBIT
2,4372,2052,0742,0231,9471,9261,7991,6101,4421,2841,2371,2091,1711,087965822.1723675.2645.8600.3
EBIT Margin
32.37%31.02%30.51%30.86%30.72%31.36%30.20%28.19%26.05%23.80%23.31%23.37%23.48%23.01%21.84%20.06%18.95%18.82%19.32%19.20%
Effective Tax Rate
19.16%19.20%19.15%16.90%14.97%15.35%13.99%16.05%13.84%11.90%11.13%4.78%7.46%5.87%3.47%3.30%--2.27%6.00%
Revenue as Reported
7,5277,1106,8006,5556,3386,1425,9565,7115,5375,3965,3055,1734,9884,7254,4174,0983,8163,5873,3423,127
SEC Filings: 10-K · 10-Q