FTNT
Fortinet, Inc.
Stock
$180.95+2.23 (+1.25%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | $6.8B | $6.0B | $5.3B | $4.4B | $3.3B | $2.6B | $2.2B | $1.8B | $1.5B | $1.3B | $1.0B | $770M | $615M | $534M | $434M | $325M | $252M |
| Cost of revenue | $1.5B | $1.3B | $1.2B | $1.2B | $1.1B | $783M | $570M | $506M | $450M | $385M | $338M | $287M | $231M | $181M | $147M | $114M | $85M | $70M |
| Gross profit | $6.0B | $5.5B | $4.8B | $4.1B | $3.3B | $2.6B | $2.0B | $1.7B | $1.4B | $1.1B | $938M | $722M | $539M | $435M | $386M | $320M | $239M | $182M |
| R&D | $846M | $816M | $717M | $614M | $512M | $424M | $341M | $277M | $245M | $211M | $183M | $158M | $123M | $103M | $81M | $64M | $50M | $42M |
| SG&A | $2.8B | $2.6B | $2.3B | $2.2B | $1.9B | $1.5B | $1.2B | $1.0B | $875M | $789M | $708M | $542M | $357M | $260M | $205M | $167M | $134M | $115M |
| Other operating expenses | — | — | — | — | — | — | — | — | — | — | $4.0M | $7.6M | — | — | — | — | — | — |
| Operating income | $2.4B | $2.1B | $1.8B | $1.2B | $970M | $650M | $532M | $351M | $234M | $110M | $43M | $15M | $59M | $72M | $100M | $89M | $55M | $25M |
| Non-operating income | $180M | $198M | $255M | $93M | −$14M | −$22M | $9.9M | $35M | $20M | $14M | $200K | $2.1M | $2.2M | $3.9M | $4.5M | $3.2M | $1.0M | $2.2M |
| Pretax income | $2.6B | $2.3B | $2.1B | $1.3B | $956M | $628M | $542M | $386M | $254M | $124M | $43M | $17M | $62M | $76M | $105M | $92M | $56M | $28M |
| Taxes | $502M | $429M | $313M | $186M | $98M | $22M | $53M | $54M | −$81M | $93M | $11M | $9.0M | $36M | $32M | $38M | $30M | $15M | −$33M |
| Net income | $2.1B | $1.9B | $1.7B | $1.1B | $857M | $607M | $489M | $332M | $335M | $31M | $32M | $8.0M | $25M | $44M | $67M | $62M | $41M | $60M |
| Diluted EPS | $2.84 | $2.42 | $2.26 | $1.46 | $1.06 | $0.73 | $0.58 | $0.38 | $0.38 | $0.04 | $0.04 | $0.01 | $0.03 | $0.05 | $0.08 | $0.08 | $0.05 | $0.08 |
| Diluted shares | — | 764.6M | 771.9M | 788.2M | 805.3M | 835.3M | 838.3M | 875.0M | 871.0M | 890.5M | 881.5M | 880.7M | 846.4M | 840.9M | 831.6M | 818.9M | 782.0M | 652.2M |
| Revenue growth | — | +14.2% | +12.3% | +20.1% | +32.2% | +28.8% | +19.9% | +19.9% | +20.7% | +17.2% | +26.4% | +31.0% | +25.2% | +15.3% | +23.1% | +33.5% | +28.8% | — |
| Gross margin | 80.2% | 80.5% | 80.6% | 76.7% | 75.4% | 76.6% | 78.0% | 76.6% | 75.0% | 74.2% | 73.5% | 71.6% | 70.0% | 70.6% | 72.4% | 73.8% | 73.8% | 72.2% |
| Operating margin | 32.4% | 30.7% | 30.3% | 23.4% | 21.9% | 19.5% | 20.5% | 16.2% | 13.0% | 7.3% | 3.4% | 1.5% | 7.7% | 11.7% | 18.8% | 20.5% | 17.0% | 10.0% |
| Net margin | 28.2% | 27.3% | 29.3% | 21.6% | 19.4% | 18.2% | 18.8% | 15.3% | 18.6% | 2.1% | 2.5% | 0.8% | 3.3% | 7.2% | 12.5% | 14.4% | 12.7% | 23.9% |