Fortinet (FTNT) EBITDA (2010 - 2026)
Fortinet (FTNT) posted EBITDA of $689.3 million for Q2 2026, up 18.84% on a QoQ basis from $580.0 million in Q1 2026, and up 50.5% year-over-year from $458.0 million in Q2 2025.
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Analysis
Fortinet (FTNT) EBITDA (2010 - 2026) Analysis & Trends
Fortinet has reported EBITDA for 17 years, with the latest figure at $689.3 million in Q2 2026.
- On a quarterly basis, EBITDA rose 50.5% year-over-year to $689.3 million in Q2 2026; TTM through Jun 2026 was $2.4 billion, a 24.81% increase from a year earlier, with the FY2025 full-year figure at $2.1 billion, up 15.6% from the prior year.
- EBITDA was $689.3 million for Q2 2026 at Fortinet, up from $580.0 million in the prior quarter.
- The five-year high for EBITDA was $689.3 million in Q2 2026, with the low at $151.0 million in Q1 2022.
- Average EBITDA over 5 years is $409.3 million, with a median of $411.3 million recorded in 2023.
- The sharpest annual moves came in 2023 and 2025: EBITDA surged 81.13% in 2023, then grew 4.76% in 2025.
- Over 5 years, EBITDA stood at $357.8 million in 2022, then gained by 7.71% to $385.4 million in 2023, then surged by 48.96% to $574.1 million in 2024, then climbed by 8.97% to $625.6 million in 2025, then gained by 10.18% to $689.3 million in 2026.
- The last three EBITDA figures came in at $689.3 million (Q2 2026), $580.0 million (Q1 2026), and $625.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | 172.00 Mn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | -33.23 Mn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 689.30 Mn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -262.97 Mn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 5.46 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 46.78 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 28.40 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 107.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 906.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 827.40 Mn |
| Mar 31, 2026 | 714.00 Mn |
| Dec 31, 2025 | 755.40 Mn |
| Sep 30, 2025 | 671.70 Mn |
| Jun 30, 2025 | 578.30 Mn |
| Mar 31, 2025 | 567.60 Mn |
| Dec 31, 2024 | 684.70 Mn |
| Sep 30, 2024 | 574.30 Mn |
| Jun 30, 2024 | 539.10 Mn |
| Mar 31, 2024 | 421.80 Mn |
| Dec 31, 2023 | 486.00 Mn |
| Sep 30, 2023 | 399.50 Mn |
| Jun 30, 2023 | 371.80 Mn |
| Mar 31, 2023 | 363.50 Mn |
| Dec 31, 2022 | 444.60 Mn |
| Sep 30, 2022 | 348.60 Mn |
| Jun 30, 2022 | 275.00 Mn |
| Mar 31, 2022 | 229.00 Mn |
| Dec 31, 2021 | 289.20 Mn |
| Sep 30, 2021 | 234.40 Mn |
API Access
Fortinet EBITDA 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=ebitda&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "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=ebitda&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();