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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
80.34
-0.28 (-0.35%)
At close: Oct 25, 2024, 4:00 PM
80.33
-0.01 (-0.01%)
After-hours: Oct 25, 2024, 6:23 PM EDT

Fortinet Operating Metrics

Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Billings
6.30B 6.30B 6.39B 6.25B 6.17B 6.01B 5.79B 5.38B
Billings Growth
2.06% 4.81% 10.45% 16.23% 22.72% 30.39% 38.44% 40.38%

Revenue by Segment
Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Services Revenue
3.72B 3.56B 3.38B 3.19B 3.01B 2.81B 2.64B 2.48B
Services Revenue Growth
23.86% 26.49% 28.09% 28.83% 29.10% 27.86% 26.34% 26.33%
Product Revenue
1.81B 1.84B 1.93B 1.98B 1.98B 1.91B 1.78B 1.62B
Product Revenue Growth
-8.44% -3.91% 8.24% 22.23% 33.23% 37.89% 41.87% 39.06%

Gross Profit by Type
Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Services Gross Profit
3.24B 3.08B 2.90B 2.73B 2.56B 2.40B 2.24B 2.11B
Services Gross Profit Growth
26.43% 28.31% 29.45% 29.39% 29.48% 27.74% 25.19% 24.97%
Product Gross Profit
1.08B 1.08B 1.16B 1.22B 1.24B 1.19B 1.09B 971.40M
Product Gross Profit Growth
-12.71% -8.73% 6.84% 25.90% 39.09% 43.29% 41.95% 35.69%

Operating Expense Breakdown
Period Ending Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023Jun 30, 2023Mar 31, 2023Dec 31, 2022Sep 30, 2022Jun 30, 2022Mar 31, 2022Dec 31, 2021Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020Jun 30, 2020Mar 31, 2020Dec 31, 2019Sep 30, 2019Jun 30, 2019Mar 31, 2019Dec 31, 2018Sep 30, 2018Jun 30, 2018Mar 31, 2018Dec 31, 2017Sep 30, 2017Jun 30, 2017Mar 31, 2017Dec 31, 2016
Sales and Marketing
2.01B 2.03B 2.01B 1.95B 1.88B 1.78B 1.69B 1.60B
Sales and Marketing Growth
7.30% 14.18% 18.97% 22.32% 23.67% 24.31% 25.30% 25.88%
Research and Development
647.80M 635.70M 613.80M 590.20M 567.60M 538.60M 512.40M 496.10M
Research and Development Growth
14.13% 18.03% 19.79% 18.97% 20.87% 19.19% 20.79% 23.84%
General and Administrative
219.60M 212.90M 211.30M 200.50M 187.70M 183.20M 169.00M 166.00M
General and Administrative Growth
17.00% 16.21% 25.03% 20.78% 16.51% 22.05% 17.77% 23.33%
Gain on IP
-4.60M -4.50M -4.60M -4.60M -4.60M -4.70M -4.60M -4.60M
Source: Business metrics provided by Main Street Data and sourced from official company press releases and documents.