Fortinet, Inc.
Close on Nov 2, 2026Market cap $92.60BP/E 44.4Yield –
Fortinet Total Billings (Non-GAAP Operational Key Metric) by Year
Total Billings (Non-GAAP Operational Key Metric) ($M) ($M)
Fortinet Total Billings (Non-GAAP Operational Key Metric): $7,554M in FY2025, up 15.6% from a year earlier. That is the highest of the 11 years on record here.
Where the FY2025 figure comes from
“|| Total billings | $ | 2,370.4 | $ | 2,002.5 | $ | 7,553.7 | $ | 6,532.5 1A reconciliation of GAAP to non-GAAP measures has been provided in the financial statement tables included in this press release. An explanation of these measures is”
Source: Fortinet Form 8-K (ftntq4-2025ex991.htm, filed 2026-02-05) ↗
Defined by Fortinet as Total Revenue plus the change in Total Deferred Revenue (less deferred revenue balances acquired in business combinations).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
Breakdown
What makes up total Billings (Non-GAAP Operational Key Metric)
- Billings Reconciliation Base — Total GAAP Revenue ($M)6,800 · FY2025
- Add: Change in Total Deferred Revenue ($M)755 · FY2025
- Less: Deferred Revenue Balance Acquired in Business Combinations ($M) (legacy / M&A periods only)–
- Secure Networking Pillar Billings YoY Growth (%)–
- Unified SASE Pillar Billings YoY Growth (%) (disclosed in Q3 2024 – Q2 2026 releases/calls)–
- AI-Driven SecOps Pillar Billings YoY Growth (%) (disclosed in Q3 2024 – Q1 2026 releases/calls)–
- Service Billings YoY Growth (%) (introduced in Q1–Q2 2026 calls)–
- FortiGate Network Security Share of Total Billings (%) (legacy: disclosed through Q3 2021)–
Cite this data
StockData. (2026). Fortinet Total Billings (Non-GAAP Operational Key Metric) ($M), annual FY2015–FY2025 [Data set]. Compiled from Fortinet SEC filings and investor materials. https://stockdatahq.com/stocks/ftnt/kpis/sec-billings-total-9
See every metric in the Fortinet KPI table. Data updated Oct 28, 2026.