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Fortinet, Inc.

FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026Score 16/3017% above fair value
$126.21−9.87 (-7.25%)

Close on Nov 2, 2026Market cap $92.60BP/E 44.4Yield –

Fortinet GAAP Product Gross Margin by Year

GAAP Product Gross Margin (%) (published Q1, Q2, Q3 in 10-Q & Full Year in 10-K) (%)

QuarterlyAnnual

Fortinet GAAP Product Gross Margin: 67.3% in FY2025, up 1.5 pts from a year earlier. That is the highest of the 11 years on record here.

Latest, FY2025
67.3%
Period ended Dec 31, 2025
Change on a year earlier
+1.5 pts
65.8% in FY2024
History
11 years
Since FY2015
Sources
10
Documents cited below

Where the FY2025 figure comes from

“|| Product | 67.3 | % | 65.8 | %”

Source: Fortinet Form 10-K (ftnt-20251231.htm, filed 2026-02-25) ↗

Reported in SEC Form 10-Q & Form 10-K Item 2/7 MD&A Gross Margin Table.

Annual history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedGAAP Product Gross Margin (%) (published Q1, Q2, Q3 in 10-Q & Full Year in 10-K) (%)Year on yearSource
FY2025Dec 31, 202567.3%+1.5 ptsFortinet Form 10-K (ftnt-20251231.htm, filed 2026-02-25) ↗
FY2024Dec 31, 202465.8%+5.4 ptsFortinet Form 10-K (ftnt-20241231.htm, filed 2025-02-21) ↗
FY2023Dec 31, 202360.4%-0.8 ptsFortinet Form 10-K (ftnt-20231231.htm, filed 2024-02-26) ↗
FY2022Dec 31, 202261.2%+0.1 ptsFortinet Form 10-K (ftnt-20221231.htm, filed 2023-02-24) ↗
FY2021Dec 31, 202161.1%-0.4 ptsFortinet Form 10-K (ftnt-20211231.htm, filed 2022-02-25) ↗
FY2020Dec 31, 202061.5%+2.7 ptsFortinet Form 10-K (ftnt-20201231.htm, filed 2021-02-19) ↗
FY2019Dec 31, 201958.8%+1.9 ptsFortinet Form 10-K (ftnt-201910xk.htm, filed 2020-02-26) ↗
FY2018Dec 31, 201856.9%-0.9 ptsFortinet Form 10-K (ftnt-201810xk.htm, filed 2019-02-27) ↗
FY2017Dec 31, 201757.8%-2.3 ptsFortinet Form 10-K (ftnt-201710xk.htm, filed 2018-02-26) ↗
FY2016Dec 31, 201660.1%+2.1 ptsFortinet Form 10-K (ftnt-201610k.htm, filed 2017-03-01) ↗
FY2015Dec 31, 201558.0%–Fortinet Form 10-K (ftnt-201610k.htm, filed 2017-03-01) ↗

Cite this data

StockData. (2026). Fortinet GAAP Product Gross Margin (%), annual FY2015–FY2025 [Data set]. Compiled from Fortinet SEC filings and investor materials. https://stockdatahq.com/stocks/ftnt/kpis/sec-gaap-prod-gm-pct-26

See every metric in the Fortinet KPI table. Data updated Oct 28, 2026.