Fortinet (FTNT) Capital Expenditures (2010 - 2026)
Fortinet (FTNT) posted Capital Expenditures of $78.0 million for Q2 2026, up 10.48% on a QoQ basis from $70.6 million in Q1 2026, and down 40.23% year-over-year from $130.5 million in Q2 2025.
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Analysis
Fortinet (FTNT) Capital Expenditures (2010 - 2026) Analysis & Trends
Fortinet has reported Capital Expenditures for 17 years, with the latest figure at $78.0 million in Q2 2026.
- On a quarterly basis, Capital Expenditures fell 40.23% year-over-year to $78.0 million in Q2 2026; TTM through Jun 2026 was $262.2 million, a 20.76% decrease from a year earlier, with the FY2025 full-year figure at $364.8 million, down 3.72% from the prior year.
- Capital Expenditures was $78.0 million for Q2 2026 at Fortinet, up from $70.6 million in the prior quarter.
- The five-year high for Capital Expenditures was $221.9 million in Q1 2024, with the low at $23.1 million in Q2 2024.
- Average Capital Expenditures over 5 years is $70.5 million, with a median of $59.2 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2024: Capital Expenditures sank 79.58% in 2022, then soared 632.34% in 2024.
- Over 5 years, Capital Expenditures stood at $30.9 million in 2022, then slipped by 12.94% to $26.9 million in 2023, then surged by 262.83% to $97.6 million in 2024, then sank by 56.15% to $42.8 million in 2025, then soared by 82.24% to $78.0 million in 2026.
- The last three Capital Expenditures figures came in at $78.0 million (Q2 2026), $70.6 million (Q1 2026), and $42.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 103.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 124.41 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 78.00 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | 3.09 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 27.28 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 21.05 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 3.17 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 6.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | -1.68 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 78.00 Mn |
| Mar 31, 2026 | 70.60 Mn |
| Dec 31, 2025 | 42.80 Mn |
| Sep 30, 2025 | 70.80 Mn |
| Jun 30, 2025 | 130.50 Mn |
| Mar 31, 2025 | 66.50 Mn |
| Dec 31, 2024 | 97.60 Mn |
| Sep 30, 2024 | 36.30 Mn |
| Jun 30, 2024 | 23.10 Mn |
| Mar 31, 2024 | 221.90 Mn |
| Dec 31, 2023 | 26.90 Mn |
| Sep 30, 2023 | 41.30 Mn |
| Jun 30, 2023 | 51.90 Mn |
| Mar 31, 2023 | 30.30 Mn |
| Dec 31, 2022 | 30.90 Mn |
| Sep 30, 2022 | 87.80 Mn |
| Jun 30, 2022 | 39.90 Mn |
| Mar 31, 2022 | 122.60 Mn |
| Dec 31, 2021 | 151.30 Mn |
| Sep 30, 2021 | 37.70 Mn |
API Access
Fortinet Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();