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Fortinet (FTNT) Cost of Revenue: 2009-2024

Historic Cost of Revenue for Fortinet (FTNT) over the last 16 years, with Dec 2024 value amounting to $2.0 billion.

  • Fortinet's Cost of Revenue rose 13.10% to $583.5 million in Q3 2025 from the same period last year, while for Sep 2025 it was $2.2 billion, marking a year-over-year increase of 10.81%. This contributed to the annual value of $2.0 billion for FY2024, which is 1.93% up from last year.
  • Latest data reveals that Fortinet reported Cost of Revenue of $2.0 billion as of FY2024, which was up 1.93% from $2.0 billion recorded in FY2023.
  • In the past 5 years, Fortinet's Cost of Revenue registered a high of $2.0 billion during FY2024, and its lowest value of $1.1 billion during FY2020.
  • Its 3-year average for Cost of Revenue is $1.9 billion, with a median of $2.0 billion in 2023.
  • Data for Fortinet's Cost of Revenue shows a peak YoY climbed of 25.54% (in 2021) over the last 5 years.
  • Yearly analysis of 5 years shows Fortinet's Cost of Revenue stood at $1.1 billion in 2020, then increased by 25.54% to $1.3 billion in 2021, then rose by 25.30% to $1.7 billion in 2022, then increased by 18.97% to $2.0 billion in 2023, then grew by 1.93% to $2.0 billion in 2024.