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Fortinet's Revenue (2016 - 2025)

  • Fortinet's annual revenue was $6.80 B in fiscal year 2025. The annual revenue increased $843.80 M from $5.96 B (in 2024) to $6.80 B (in 2025), representing a 14.17% year-over-year growth.

  • Fortinet's quarterly revenue was $1.85 B in the quarter ending Mar 2026. The quarterly revenue increased $309.90 M from $1.54 B (in Q1: Dec 2025) to $1.85 B (in Q1: Dec 2026), representing a 20.13% year-over-year growth.

    • Over the past 10 years (2016 - 2025):
  • The highest annual revenue for Fortinet was $6.80 B in fiscal year 2025.
  • The lowest annual revenue was $1.28 B in fiscal year 2016.
  • The average revenue was $3.52 B.

    • Learn more about Fortinet's Revenue by Segment and Revenue by Region.

    Check out competitors to Fortinet in a side-by-side comparison.

    Explore additional financial metrics for Fortinet.


    Definition of Revenue :
  • Revenue is the amount of money generated by a business from sales of its goods or services. Refer to our glossary for more details, examples, and formulas.
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Fortinet's Revenue Trend

2025

Fortinet's annual revenue was $6.80 B in fiscal year 2025.

Fortinet's quarterly revenue was $1.54 B(Q1: Mar 2025), $1.63 B(Q2: Jun 2025), $1.72 B(Q3: Sep 2025), $1.91 B(Q4: Dec 2025) in fiscal year 2025.

2024

Fortinet's annual revenue was $5.96 B in fiscal year 2024.

Fortinet's quarterly revenue was $1.35 B(Q1: Mar 2024), $1.43 B(Q2: Jun 2024), $1.51 B(Q3: Sep 2024), $1.66 B(Q4: Dec 2024) in fiscal year 2024.

2023

Fortinet's annual revenue was $5.30 B in fiscal year 2023.

Fortinet's quarterly revenue was $1.26 B(Q1: Mar 2023), $1.29 B(Q2: Jun 2023), $1.33 B(Q3: Sep 2023), $1.42 B(Q4: Dec 2023) in fiscal year 2023.

2022

Fortinet's annual revenue was $4.42 B in fiscal year 2022.

Fortinet's quarterly revenue was $954.80 M(Q1: Mar 2022), $1.03 B(Q2: Jun 2022), $1.15 B(Q3: Sep 2022), $1.28 B(Q4: Dec 2022) in fiscal year 2022.

2021

Fortinet's annual revenue was $3.34 B in fiscal year 2021.

Fortinet's quarterly revenue was $710.30 M(Q1: Mar 2021), $801.10 M(Q2: Jun 2021), $867.20 M(Q3: Sep 2021), $963.60 M(Q4: Dec 2021) in fiscal year 2021.

2020

Fortinet's annual revenue was $2.59 B in fiscal year 2020.

Fortinet's quarterly revenue was $577.70 M(Q1: Mar 2020), $617.60 M(Q2: Jun 2020), $651.10 M(Q3: Sep 2020), $748.00 M(Q4: Dec 2020) in fiscal year 2020.

2019

Fortinet's annual revenue was $2.16 B in fiscal year 2019.

Fortinet's quarterly revenue was $472.60 M(Q1: Mar 2019), $521.70 M(Q2: Jun 2019), $548.10 M(Q3: Sep 2019), $614.40 M(Q4: Dec 2019) in fiscal year 2019.

2018

Fortinet's annual revenue was $1.80 B in fiscal year 2018.

Fortinet's quarterly revenue was $399.00 M(Q1: Mar 2018), $441.30 M(Q2: Jun 2018), $453.90 M(Q3: Sep 2018), $507.00 M(Q4: Dec 2018) in fiscal year 2018.

2017

Fortinet's annual revenue was $1.49 B in fiscal year 2017.

Fortinet's quarterly revenue was $340.60 M(Q1: Mar 2017), $363.50 M(Q2: Jun 2017), $374.20 M(Q3: Sep 2017), $416.67 M(Q4: Dec 2017) in fiscal year 2017.

2016

Fortinet's annual revenue was $1.28 B in fiscal year 2016.

Fortinet's quarterly revenue was $284.58 M(Q1: Mar 2016), $311.39 M(Q2: Jun 2016), $316.65 M(Q3: Sep 2016), $362.83 M(Q4: Dec 2016) in fiscal year 2016.

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Fortinet's Revenue (Year-over-Year Change)

2015 0
2016 +26.37
2017 +17.21
2018 +20.72
2019 +19.86
2020 +19.94
2021 +28.82
2022 +32.17
2023 +20.09
2024 +12.27
2025 +14.17

2025

Fortinet’s annual revenue increased +14.17% during fiscal year 2025 compared to 2024. It represents a growth of $843.80 M from $5.96 B (in 2024) to $6.80 B (in 2025).

2024

Fortinet’s annual revenue increased +12.27% during fiscal year 2024 compared to 2023. It represents a growth of $651.00 M from $5.30 B (in 2023) to $5.96 B (in 2024).

2023

Fortinet’s annual revenue increased +20.09% during fiscal year 2023 compared to 2022. It represents a growth of $887.40 M from $4.42 B (in 2022) to $5.30 B (in 2023).

2022

Fortinet’s annual revenue increased +32.17% during fiscal year 2022 compared to 2021. It represents a growth of $1.08 B from $3.34 B (in 2021) to $4.42 B (in 2022).

2021

Fortinet’s annual revenue increased +28.82% during fiscal year 2021 compared to 2020. It represents a growth of $747.80 M from $2.59 B (in 2020) to $3.34 B (in 2021).

2020

Fortinet’s annual revenue increased +19.94% during fiscal year 2020 compared to 2019. It represents a growth of $431.40 M from $2.16 B (in 2019) to $2.59 B (in 2020).

2019

Fortinet’s annual revenue increased +19.86% during fiscal year 2019 compared to 2018. It represents a growth of $358.40 M from $1.80 B (in 2018) to $2.16 B (in 2019).

2018

Fortinet’s annual revenue increased +20.72% during fiscal year 2018 compared to 2017. It represents a growth of $309.70 M from $1.49 B (in 2017) to $1.80 B (in 2018).

2017

Fortinet’s annual revenue increased +17.21% during fiscal year 2017 compared to 2016. It represents a growth of $219.50 M from $1.28 B (in 2016) to $1.49 B (in 2017).

2016

Fortinet’s annual revenue increased +26.37% during fiscal year 2016 compared to 2015. It represents a growth of $266.13 M from $1.01 B (in 2015) to $1.28 B (in 2016).

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Fortinet Revenue History

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Period Revenue Year-over-Year Change
FY 2025
$6.80 B $843.80 M 14.17%
Q4: Dec 25 $1.91 B $244.90 M 14.75%
Q3: Sep 25 $1.72 B $216.80 M 14.38%
Q2: Jun 25 $1.63 B $195.70 M 13.64%
Q1: Mar 25 $1.54 B $186.40 M 13.77%
FY 2024
$5.96 B $651.00 M 12.27%
Q4: Dec 24 $1.66 B $245.00 M 17.31%
Q3: Sep 24 $1.51 B $173.50 M 13%
Q2: Jun 24 $1.43 B $141.50 M 10.95%
Q1: Mar 24 $1.35 B $91.00 M 7.21%
FY 2023
$5.30 B $887.40 M 20.09%
Q4: Dec 23 $1.42 B $132.10 M 10.3%
Q3: Sep 23 $1.33 B $185.10 M 16.1%
Q2: Jun 23 $1.29 B $262.70 M 25.5%
Q1: Mar 23 $1.26 B $307.50 M 32.21%
FY 2022
$4.42 B $1.08 B 32.17%
Q4: Dec 22 $1.28 B $319.40 M 33.15%
Q3: Sep 22 $1.15 B $282.30 M 32.55%
Q2: Jun 22 $1.03 B $229.00 M 28.59%
Q1: Mar 22 $954.80 M $244.50 M 34.42%
FY 2021
$3.34 B $747.80 M 28.82%
Q4: Dec 21 $963.60 M $215.60 M 28.82%
Q3: Sep 21 $867.20 M $216.10 M 33.19%
Q2: Jun 21 $801.10 M $183.50 M 29.71%
Q1: Mar 21 $710.30 M $132.60 M 22.95%
FY 2020
$2.59 B $431.40 M 19.94%
Q4: Dec 20 $748.00 M $133.60 M 21.74%
Q3: Sep 20 $651.10 M $103.00 M 18.79%
Q2: Jun 20 $617.60 M $95.90 M 18.38%
Q1: Mar 20 $577.70 M $105.10 M 22.24%
FY 2019
$2.16 B $358.40 M 19.86%
Q4: Dec 19 $614.40 M $107.40 M 21.18%
Q3: Sep 19 $548.10 M $94.20 M 20.75%
Q2: Jun 19 $521.70 M $80.40 M 18.22%
Q1: Mar 19 $472.60 M $73.60 M 18.45%
FY 2018
$1.80 B $309.70 M 20.72%
Q4: Dec 18 $507.00 M $90.33 M 21.68%
Q3: Sep 18 $453.90 M $79.70 M 21.3%
Q2: Jun 18 $441.30 M $77.80 M 21.4%
Q1: Mar 18 $399.00 M $58.40 M 17.15%
FY 2017
$1.49 B $219.50 M 17.21%
Q4: Dec 17 $416.67 M $53.84 M 14.84%
Q3: Sep 17 $374.20 M $57.55 M 18.18%
Q2: Jun 17 $363.50 M $52.11 M 16.73%
Q1: Mar 17 $340.60 M $56.02 M 19.69%
FY 2016
$1.28 B $266.13 M 26.37%
Q4: Dec 16 $362.83 M $66.30 M 22.36%
Q3: Sep 16 $316.65 M $56.58 M 21.76%
Q2: Jun 16 $311.39 M $71.61 M 29.86%
Q1: Mar 16 $284.58 M $71.69 M 33.68%

Frequently Asked Questions

What is the annual revenue of Fortinet?

In fiscal year 2025, Fortinet's revenue was $6.80 Billion.

How much did Fortinet's revenue change in the last year?

Fortinet's revenue increased by +14.17% (+$843.80 Million) in 2025 compared to 2024.

What is Fortinet's most recent quarterly revenue?

In the first quarter (Q1) of 2026, Fortinet reported a revenue of $1.85 Billion.

What is Fortinet's revenue per share (TTM)?

Fortinet's revenue per share over the trailing twelve months is $9.62.

What is Fortinet's revenue per employee?

In the fiscal year 2025, Fortinet's revenue per employee was $450.04 K.

What is the annual net income of Fortinet?

In fiscal year 2025, Fortinet's net income was $1.85 Billion.

What is Fortinet's biggest product segment, and what is its revenue?

Security Subscription is Fortinet's biggest product segment, generating $2.63 Billion in revenue for fiscal year 2025.

What is Fortinet's net income per employee?

In the fiscal year 2025, Fortinet's net income per employee was $122.67 K.

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