Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
157.92
+4.70 (3.07%)
Jul 30, 2026, 10:35 AM EDT - Market open
Fortinet Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 7,527 | 7,110 | 6,800 | 6,555 | 6,338 | 6,142 | 5,956 | 5,711 | 5,537 | 5,396 | 5,305 | 5,173 | 4,988 | 4,725 | 4,417 | 4,098 | 3,816 | 3,587 | 3,342 | 3,127 | |
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 | 1,490 | 1,400 | 1,329 | 1,254 | 1,186 | 1,146 | 1,158 | 1,159 | 1,213 | 1,234 | 1,237 | 1,219 | 1,184 | 1,139 | 1,085 | 1,016 | 944.1 | 880.2 | 783 | 721.7 |
Gross Profit | 6,037 | 5,709 | 5,471 | 5,301 | 5,152 | 4,996 | 4,798 | 4,552 | 4,324 | 4,162 | 4,068 | 3,954 | 3,804 | 3,586 | 3,333 | 3,082 | 2,872 | 2,707 | 2,559 | 2,405 |
Selling, General & Admin | 2,754 | 2,673 | 2,581 | 2,476 | 2,419 | 2,328 | 2,283 | 2,264 | 2,234 | 2,242 | 2,217 | 2,155 | 2,065 | 1,960 | 1,855 | 1,764 | 1,679 | 1,579 | 1,489 | 1,404 |
Research & Development | 846.4 | 830.9 | 815.5 | 801.6 | 786.5 | 742.4 | 716.8 | 678.2 | 647.8 | 635.7 | 613.8 | 590.2 | 567.6 | 538.6 | 512.4 | 496.1 | 469.6 | 451.9 | 424.2 | 400.6 |
Other Operating Expenses | -5.5 | -5.5 | -10.4 | -10.2 | -9.9 | -9.8 | -4.6 | -4.6 | -4.6 | -4.5 | -4.6 | -4.6 | -4.6 | -4.7 | -4.6 | -4.6 | -4.6 | -4.6 | -4.6 | -4.6 |
Total Operating Expenses | 3,595 | 3,498 | 3,386 | 3,267 | 3,195 | 3,060 | 2,995 | 2,937 | 2,877 | 2,873 | 2,827 | 2,741 | 2,628 | 2,494 | 2,363 | 2,255 | 2,144 | 2,027 | 1,909 | 1,800 |
Operating Income | 2,442 | 2,211 | 2,085 | 2,033 | 1,957 | 1,936 | 1,803 | 1,615 | 1,447 | 1,289 | 1,241 | 1,214 | 1,176 | 1,092 | 969.6 | 826.7 | 727.6 | 679.8 | 650.4 | 604.9 |
Interest Income | 139.1 | 150.9 | 162.3 | 172.3 | 174 | 167.3 | 155.2 | 143.4 | 138 | 131.3 | 119.7 | 98.3 | 65.9 | 36.7 | 17.4 | 9.3 | 5.9 | 4.7 | 4.5 | 5.5 |
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 | - |
Other Non-Operating Income (Expense) | - | - | 55.3 | - | - | - | 119.9 | - | - | - | -6.1 | -5.4 | 0.7 | -2.4 | -13.5 | -23.4 | -28.8 | -18.7 | -11.6 | -7.2 |
Total Non-Operating Income (Expense) | 121.1 | 131.5 | 197.5 | 151.7 | 154.6 | 147.5 | 255.1 | 122.9 | 117.1 | 110.2 | 92.6 | 72.8 | 47.4 | 15.8 | -14.1 | -32.1 | -41 | -32.1 | -22 | -1.7 |
Pretax Income | 2,622 | 2,420 | 2,282 | 2,250 | 2,281 | 2,232 | 2,059 | 1,856 | 1,557 | 1,388 | 1,334 | 1,286 | 1,223 | 1,108 | 955.5 | 794.6 | 686.6 | 647.7 | 628.4 | 592.8 |
Provision for Income Taxes | 502.5 | 464.6 | 439.1 | 381 | 341.5 | 340.9 | 283.9 | 292.4 | 210.9 | 162 | 143.8 | 57.8 | 85.4 | 60.2 | 30.8 | 25.3 | -11.3 | -6.2 | 14.1 | 35.4 |
Net Income | 2,120 | 1,955 | 1,843 | 1,869 | 1,940 | 1,892 | 1,775 | 1,563 | 1,346 | 1,226 | 1,190 | 1,229 | 1,138 | 1,048 | 924.7 | 769.3 | 697.9 | 653.9 | 614.3 | 554.6 |
Minority Interest in Earnings | -0.8 | 0.4 | -10.3 | -4.8 | 0.3 | 12.2 | 29.4 | 33.4 | 33.3 | 26.6 | 42.1 | 77.8 | 78.9 | 81.7 | 67.4 | 26.8 | 23.9 | 15.9 | 7.5 | - |
Net Income to Common | 2,121 | 1,955 | 1,853 | 1,874 | 1,940 | 1,879 | 1,745 | 1,530 | 1,313 | 1,199 | 1,148 | 1,151 | 1,059 | 966 | 856.6 | 741.6 | 673.7 | 637.8 | 606.7 | 554.6 |
Net Income Growth (YoY) | 9.34% | 4.00% | 6.20% | 22.47% | 47.73% | 56.69% | 52.05% | 32.95% | 23.99% | 24.16% | 33.99% | 55.16% | 57.18% | 51.46% | 41.19% | 33.72% | 30.87% | 29.87% | 24.20% | 20.57% |
Shares Outstanding (Basic) | 743 | 751 | 758 | 764 | 766 | 766 | 764 | 764 | 768 | 773 | 779 | 783 | 784 | 786 | 791 | 800 | 808 | 813 | 816 | 815 |
Shares Outstanding (Diluted) | 748 | 756 | 765 | 771 | 774 | 773 | 772 | 771 | 776 | 782 | 788 | 793 | 795 | 798 | 805 | 816 | 826 | 832 | 835 | 833 |
Shares Change (YoY) | -3.38% | -2.23% | -0.95% | 0.04% | -0.24% | -1.15% | -2.07% | -2.77% | -2.38% | -2.00% | -2.12% | -2.82% | -3.78% | -4.08% | -3.59% | -2.07% | -0.55% | 0.46% | -0.36% | -2.01% |
EPS (Basic) | 2.86 | 2.60 | 2.45 | 2.45 | 2.53 | 2.46 | 2.28 | 2.01 | 1.71 | 1.55 | 1.47 | 1.47 | 1.35 | 1.23 | 1.08 | 0.92 | 0.83 | 0.78 | 0.74 | 0.68 |
EPS (Diluted) | 2.84 | 2.59 | 2.42 | 2.43 | 2.51 | 2.43 | 2.26 | 1.98 | 1.69 | 1.53 | 1.46 | 1.45 | 1.33 | 1.21 | 1.06 | 0.91 | 0.81 | 0.76 | 0.73 | 0.66 |
EPS Growth (YoY) | 13.15% | 6.58% | 7.08% | 22.73% | 48.52% | 58.82% | 54.80% | 36.55% | 27.07% | 26.45% | 37.74% | 59.34% | 64.20% | 59.21% | 45.20% | 38.72% | 31.49% | 27.95% | 25.86% | 21.03% |
Free Cash Flow | 3,117 | 2,436 | 2,226 | 2,028 | 2,033 | 2,068 | 1,879 | 1,664 | 1,573 | 1,693 | 1,731 | 2,064 | 1,978 | 1,823 | 1,449 | 1,168 | 1,102 | 1,214 | 1,204 | 1,253 |
Free Cash Flow Growth (YoY) | 53.34% | 17.80% | 18.44% | 21.90% | 29.20% | 22.14% | 8.54% | -19.37% | -20.46% | -7.15% | 19.46% | 76.74% | 79.43% | 50.23% | 20.40% | -6.77% | -0.55% | 30.51% | 25.68% | 49.68% |
Free Cash Flow Per Share | 4.17 | 3.22 | 2.91 | 2.63 | 2.63 | 2.67 | 2.43 | 2.16 | 2.03 | 2.16 | 2.20 | 2.60 | 2.49 | 2.28 | 1.80 | 1.43 | 1.33 | 1.46 | 1.44 | 1.50 |
Gross Margin | 80.20% | 80.30% | 80.46% | 80.87% | 81.29% | 81.34% | 80.56% | 79.71% | 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 | 32.44% | 31.10% | 30.66% | 31.02% | 30.87% | 31.52% | 30.28% | 28.27% | 26.13% | 23.89% | 23.40% | 23.46% | 23.57% | 23.11% | 21.95% | 20.17% | 19.07% | 18.95% | 19.46% | 19.35% |
Profit Margin | 28.16% | 27.50% | 27.11% | 28.51% | 30.61% | 30.80% | 29.80% | 27.37% | 24.31% | 22.72% | 22.43% | 23.75% | 22.81% | 22.17% | 20.93% | 18.77% | 18.29% | 18.23% | 18.38% | 17.74% |
FCF 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% | 38.58% | 32.81% | 28.49% | 28.89% | 33.83% | 36.02% | 40.06% |
EBITDA | 2,969 | 2,719 | 2,573 | 2,502 | 2,405 | 2,366 | 2,220 | 2,021 | 1,846 | 1,679 | 1,621 | 1,579 | 1,529 | 1,432 | 1,297 | 1,142 | 1,028 | 961.1 | 910.7 | 845.2 |
EBITDA Margin | 39.44% | 38.25% | 37.84% | 38.18% | 37.94% | 38.52% | 37.27% | 35.39% | 33.34% | 31.12% | 30.55% | 30.53% | 30.65% | 30.30% | 29.37% | 27.86% | 26.93% | 26.80% | 27.25% | 27.03% |
EBIT | 2,442 | 2,211 | 2,085 | 2,033 | 1,957 | 1,936 | 1,803 | 1,615 | 1,447 | 1,289 | 1,241 | 1,214 | 1,176 | 1,092 | 969.6 | 826.7 | 727.6 | 679.8 | 650.4 | 604.9 |
EBIT Margin | 32.44% | 31.10% | 30.66% | 31.02% | 30.87% | 31.52% | 30.28% | 28.27% | 26.13% | 23.89% | 23.40% | 23.46% | 23.57% | 23.11% | 21.95% | 20.17% | 19.07% | 18.95% | 19.46% | 19.35% |
Effective Tax Rate | 19.16% | 19.20% | 19.24% | 16.93% | 14.97% | 15.27% | 13.79% | 15.76% | 13.54% | 11.67% | 10.78% | 4.49% | 6.98% | 5.43% | 3.22% | 3.18% | -1.65% | -0.96% | 2.24% | 5.97% |