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Fortinet, Inc.

FTNTNasdaqComputer Peripheral Equipment, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 16/3010% above fair value
$128.11+1.90 (+1.51%)

Close on Nov 3, 2026Market cap $94.00BP/E 41.6Yield –

Fortinet Non-GAAP Operating Margin by Year

Non-GAAP Operating Margin (%) (%)

QuarterlyAnnual

Fortinet Non-GAAP Operating Margin: 35.5% in FY2025, up 0.5 pts from a year earlier. That is the highest of the 11 years on record here.

Latest, FY2025
35.5%
Period ended Dec 31, 2025
Change on a year earlier
+0.5 pts
35.0% in FY2024
History
11 years
Since FY2015
Sources
10
Documents cited below

Where the FY2025 figure comes from

“|| Non‐GAAP operating margin | 37.3 | % | 39.2 | % | 35.5 | % | 35.0 | %”

Source: Fortinet Form 8-K (ftntq4-2025ex991.htm, filed 2026-02-05) ↗

Reported in SEC Form 8-K (EX-99.1) Reconciliation of GAAP to Non-GAAP Operating Income.

Annual history

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

PeriodEndedNon-GAAP Operating Margin (%) (%)Year on yearSource
FY2025Dec 31, 202535.5%+0.5 ptsFortinet Form 8-K (ftntq4-2025ex991.htm, filed 2026-02-05) ↗
FY2024Dec 31, 202435.0%+6.6 ptsFortinet Form 8-K (ftntq4-2024ex991.htm, filed 2025-02-06) ↗
FY2023Dec 31, 202328.4%+1.1 ptsFortinet Form 8-K (ftntq4-2023ex991.htm, filed 2024-02-06) ↗
FY2022Dec 31, 202227.3%+1.1 ptsFortinet Form 8-K (ftntq4-2022ex991.htm, filed 2023-02-07) ↗
FY2021Dec 31, 202126.2%-0.7 ptsFortinet Form 8-K (ftntq4-2021ex991.htm, filed 2022-02-03) ↗
FY2020Dec 31, 202026.9%+1.9 ptsFortinet Form 8-K (ftntq4-2020ex991.htm, filed 2021-02-04) ↗
FY2019Dec 31, 201925.0%+3.0 ptsFortinet Form 8-K (ftntq4-2019ex991.htm, filed 2020-02-06) ↗
FY2018Dec 31, 201822.0%+5.0 ptsFortinet Form 8-K (ftntq4-2018ex991.htm, filed 2019-02-06) ↗
FY2017Dec 31, 201717.0%+2.0 ptsFortinet Form 8-K (ftntq4-2017ex991.htm, filed 2018-02-05) ↗
FY2016Dec 31, 201615.0%+2.0 ptsFortinet Form 8-K (ftntq4-2016ex991.htm, filed 2017-02-02) ↗
FY2015Dec 31, 201513.0%–Fortinet Form 8-K (ftntq4-2016ex991.htm, filed 2017-02-02) ↗

Cite this data

StockData. (2026). Fortinet Non-GAAP Operating Margin (%), annual FY2015–FY2025 [Data set]. Compiled from Fortinet SEC filings and investor materials. https://stockdatahq.com/stocks/ftnt/kpis/sec-ngaap-op-margin-pct-31

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

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