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Fortinet, Inc. (FTNT)
NASDAQ: FTNT · Real-Time Price · USD
157.51
-6.22 (-3.80%)
At close: Jul 10, 2026, 4:00 PM EDT
157.61
+0.10 (0.06%)
After-hours: Jul 10, 2026, 7:56 PM EDT

Fortinet Operating Metrics

Period EndingMar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 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
8.05B7.55B7.18B6.96B6.72B6.53B6.39B6.30B
Billings Growth
19.79%15.67%12.41%10.40%6.60%2.13%2.19%2.06%

Revenue by Segment

Period EndingMar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 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
4.71B4.58B4.45B4.32B4.18B4.04B3.88B3.72B
Services Growth
12.58%13.33%14.67%16.00%17.39%19.70%21.62%23.86%
Product
2.40B2.22B2.10B2.02B1.96B1.91B1.82B1.81B
Product Growth
22.74%16.23%15.28%11.08%6.72%-0.97%-7.91%-8.44%

Gross Profit by Type

Period EndingMar 31, 2025Dec 31, 2024Sep 30, 2024Jun 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
3.66B3.54B3.40B3.24B3.08B2.90B2.73B2.56B
Services Growth
18.75%21.96%24.50%26.43%28.31%29.45%29.39%29.48%
Product
1.34B1.26B1.15B1.08B1.08B1.16B1.22B1.24B
Product Growth
23.75%7.99%-5.84%-12.71%-8.73%6.84%25.90%39.09%

Operating Expense Breakdown

Period EndingMar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Mar 31, 2025Dec 31, 2024Sep 30, 2024Jun 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
2.44B2.35B2.24B2.18B2.09B2.04B2.03B2.01B
Sales and Marketing Growth
17.00%14.80%10.81%8.09%2.84%1.93%3.64%7.30%
Research and Development
830.90M815.50M801.60M786.50M742.40M716.80M678.20M647.80M
Research and Development Growth
11.92%13.77%18.20%21.41%16.78%16.78%14.91%14.13%
General and Administrative
231.80M233.40M231.20M241.50M241.20M237.80M237.80M219.60M
General and Administrative Growth
-3.90%-1.85%-2.78%9.97%13.29%12.54%18.60%17.00%
Gain on IP
-5.50M-10.40M-10.20M-9.90M-9.80M-4.60M-4.60M-4.60M