Fortinet, Inc. (FTNT) stock
FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3011% above fair value
$129.54+1.44 (+1.12%)
Close on Nov 12, 2026Market cap $95.17BP/E 42.1Yield –
Fortinet gross margin
Gross margin is gross profit as a percentage of revenue.
Fortinet's gross margin for the twelve months ending Sep 30, 2026 was 79.7%. For fiscal 2025 it was 80.5%, against 80.6% the year before. The highest annual figure on record is 80.6% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 80.5% | −0.1 |
| FY2024 | Dec 31, 2024 | 80.6% | +3.9 |
| FY2023 | Dec 31, 2023 | 76.7% | +1.2 |
| FY2022 | Dec 31, 2022 | 75.4% | −1.1 |
| FY2021 | Dec 31, 2021 | 76.6% | −1.5 |
| FY2020 | Dec 31, 2020 | 78.0% | +1.4 |
| FY2019 | Dec 31, 2019 | 76.6% | +1.6 |
| FY2018 | Dec 31, 2018 | 75.0% | +0.8 |
| FY2017 | Dec 31, 2017 | 74.2% | +0.7 |
| FY2016 | Dec 31, 2016 | 73.5% | +1.9 |
| FY2015 | Dec 31, 2015 | 71.6% | +1.6 |
| FY2014 | Dec 31, 2014 | 70.0% | −0.6 |
| FY2013 | Dec 31, 2013 | 70.6% | −1.7 |
| FY2012 | Dec 31, 2012 | 72.4% | −1.4 |
| FY2011 | Dec 31, 2011 | 73.8% | +0.0 |
| FY2010 | Dec 31, 2010 | 73.8% | +1.5 |
| FY2009 | Dec 31, 2009 | 72.2% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 79.0% | −1.8 |
| Q2 FY2026 | Jun 30, 2026 | 80.2% | −0.4 |
| Q1 FY2026 | Mar 31, 2026 | 80.3% | −0.7 |
| Q4 FY2025 | Dec 31, 2025 | 79.6% | −1.5 |
| Q3 FY2025 | Sep 30, 2025 | 80.8% | −1.8 |
| Q2 FY2025 | Jun 30, 2025 | 80.7% | −0.1 |
| Q1 FY2025 | Mar 31, 2025 | 81.0% | +3.5 |
| Q4 FY2024 | Dec 31, 2024 | 81.1% | +3.4 |
| Q3 FY2024 | Sep 30, 2024 | 82.5% | +6.3 |
| Q2 FY2024 | Jun 30, 2024 | 80.8% | +3.7 |
| Q1 FY2024 | Mar 31, 2024 | 77.5% | +1.9 |
| Q4 FY2023 | Dec 31, 2023 | 77.7% | +0.8 |
| Q3 FY2023 | Sep 30, 2023 | 76.2% | +0.8 |
| Q2 FY2023 | Jun 30, 2023 | 77.1% | +1.5 |
| Q1 FY2023 | Mar 31, 2023 | 75.6% | +2.2 |
| Q4 FY2022 | Dec 31, 2022 | 76.8% | +0.5 |
| Q3 FY2022 | Sep 30, 2022 | 75.4% | −0.3 |
| Q2 FY2022 | Jun 30, 2022 | 75.7% | −1.0 |
| Q1 FY2022 | Mar 31, 2022 | 73.4% | −4.5 |
| Q4 FY2021 | Dec 31, 2021 | 76.3% | −1.4 |
| Q3 FY2021 | Sep 30, 2021 | 75.6% | −3.0 |
| Q2 FY2021 | Jun 30, 2021 | 76.7% | −1.5 |
| Q1 FY2021 | Mar 31, 2021 | 78.0% | +0.2 |
| Q4 FY2020 | Dec 31, 2020 | 77.7% | +0.4 |
| Q3 FY2020 | Sep 30, 2020 | 78.6% | +1.3 |
| Q2 FY2020 | Jun 30, 2020 | 78.1% | +2.7 |
| Q1 FY2020 | Mar 31, 2020 | 77.7% | +1.6 |
| Q4 FY2019 | Dec 31, 2019 | 77.3% | +2.4 |
| Q3 FY2019 | Sep 30, 2019 | 77.4% | +1.9 |
| Q2 FY2019 | Jun 30, 2019 | 75.4% | +1.0 |
| Q1 FY2019 | Mar 31, 2019 | 76.1% | +0.5 |
| Q4 FY2018 | Dec 31, 2018 | 74.8% | +0.1 |
| Q3 FY2018 | Sep 30, 2018 | 75.4% | +0.4 |
| Q2 FY2018 | Jun 30, 2018 | 74.4% | +0.7 |
| Q1 FY2018 | Mar 31, 2018 | 75.6% | +2.2 |
| Q4 FY2017 | Dec 31, 2017 | 74.7% | −0.3 |
| Q3 FY2017 | Sep 30, 2017 | 75.0% | – |
| Q2 FY2017 | Jun 30, 2017 | 73.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 73.4% | – |
| Q4 FY2016 | Dec 31, 2016 | 75.0% | – |
See a number that looks wrong?