Fortinet (FTNT) EBITDA (2010 - 2026)
Fortinet (FTNT) recorded EBITDA of $827.4 million in Q2 2026, up 43.1% from $578.3 million a year earlier and up 15.9% from the prior quarter.
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Analysis
Fortinet (FTNT) EBITDA (2010 - 2026) Analysis & Trends
On a TTM basis, Fortinet's EBITDA came in at $2.97 billion as of Jun 30, 2026, up 23.4% year-over-year; for FY2025, it was $2.57 billion, up 15.9% from FY2024.
- Annual EBITDA has increased for ten straight years, with a five-year compound annual growth rate of 28.4% (FY2020 to FY2025).
- Across earlier years, EBITDA came in at $2.22 billion in FY2024 (+37.0%), $1.62 billion in FY2023 (+24.9%), $1.3 billion in FY2022 (+42.4%) and $910.7 million in FY2021 (+23.4%).
- The Q2 2026 figure is the highest quarterly EBITDA in data going back to Q3 2010.
- On a year-over-year basis, EBITDA has increased for 34 consecutive quarters, with growth averaging 27.8% over the last eight quarters.
- Over the past five years, the year-over-year growth in EBITDA ranged from 7.3% (Q2 2025) to 58.7% (Q1 2023).
- Per Business Quant, the preceding three quarters came in at $714 million (Q1 2026), $755.4 million (Q4 2025) and $671.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 237.43 Bn | 222.51 Bn | 2.30 Bn | 693.00 Mn |
| 2 | CrowdStrike Holdings | 221.00 Bn | 201.40 Bn | 1.10 Bn | 170.34 Mn |
| 3 | Snowflake | 94.85 Bn | 82.17 Bn | 1.04 Bn | -134.60 Mn |
| 4 | Fortinet | 91.17 Bn | 75.43 Bn | 1.64 Bn | 843.00 Mn |
| 5 | Datadog | 62.02 Bn | 42.57 Bn | 959.92 Mn | 119.30 Mn |
| 6 | Axon Enterprise | 33.59 Bn | 28.12 Bn | 546.45 Mn | 79.24 Mn |
| 7 | Zscaler | 33.07 Bn | 19.23 Bn | 689.22 Mn | 93.76 Mn |
| 8 | Okta | 29.86 Bn | 19.96 Bn | 641.00 Mn | 166.00 Mn |
| 9 | MongoDB | 24.20 Bn | 14.67 Bn | 569.77 Mn | 35.33 Mn |
| 10 | Roku | 24.04 Bn | 14.07 Bn | 648.52 Mn | 178.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 843.00 Mn |
| 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 |
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();