Fortinet (FTNT) EBT (2010 - 2026)
Fortinet (FTNT) posted EBT of $720.2 million for Q2 2026, up 39.2% from $517.3 million a year earlier and up 9.7% from the prior quarter.
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Analysis
Fortinet (FTNT) EBT (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBT at Fortinet was $2.62 billion, up 14.9% year-over-year; for FY2025, it came in at $2.28 billion, up 10.9% from FY2024.
- Annual EBT has increased for ten consecutive years, with a five-year compound annual growth rate of 33.3% (FY2020 to FY2025).
- In prior years, Fortinet's EBT was $2.06 billion in FY2024 (+54.3%), $1.33 billion in FY2023 (+39.6%), $955.5 million in FY2022 (+52.1%) and $628.4 million in FY2021 (+16.0%).
- The Q2 2026 figure stands as the highest quarterly EBT in data going back to Q2 2010.
- On a year-over-year basis, EBT has increased in each of the last three quarters, with growth averaging 33.3% over the last eight quarters.
- The strongest year-over-year quarter for EBT in the past five years was Q1 2023, with growth of 109.9%; the weakest was Q3 2025, with a decline of 5.0%.
- According to Business Quant data, EBT for the three prior quarters was $656.6 million (Q1 2026), $650.8 million (Q4 2025) and $594.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.75 Bn | 240.82 Bn | 2.30 Bn | -269.00 Mn |
| 2 | CrowdStrike Holdings | 230.43 Bn | 210.83 Bn | 1.10 Bn | 3.93 Mn |
| 3 | Fortinet | 122.99 Bn | 108.92 Bn | 1.64 Bn | 720.20 Mn |
| 4 | Snowflake | 107.96 Bn | 95.27 Bn | 1.04 Bn | -188.29 Mn |
| 5 | Datadog | 88.06 Bn | 69.70 Bn | 881.34 Mn | 51.73 Mn |
| 6 | Zscaler | 33.00 Bn | 19.12 Bn | - | - |
| 7 | Okta | 32.77 Bn | 22.87 Bn | 641.00 Mn | 126.00 Mn |
| 8 | Axon Enterprise | 32.13 Bn | 26.65 Bn | 546.45 Mn | 32.68 Mn |
| 9 | MongoDB | 27.09 Bn | 17.56 Bn | 569.77 Mn | 45.95 Mn |
| 10 | F5 | 25.11 Bn | 19.52 Bn | 711.51 Mn | 226.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 720.20 Mn |
| Mar 31, 2026 | 656.60 Mn |
| Dec 31, 2025 | 650.80 Mn |
| Sep 30, 2025 | 594.80 Mn |
| Jun 30, 2025 | 517.30 Mn |
| Mar 31, 2025 | 519.30 Mn |
| Dec 31, 2024 | 618.40 Mn |
| Sep 30, 2024 | 626.40 Mn |
| Jun 30, 2024 | 468.30 Mn |
| Mar 31, 2024 | 345.40 Mn |
| Dec 31, 2023 | 415.60 Mn |
| Sep 30, 2023 | 327.80 Mn |
| Jun 30, 2023 | 299.20 Mn |
| Mar 31, 2023 | 291.10 Mn |
| Dec 31, 2022 | 368.20 Mn |
| Sep 30, 2022 | 264.70 Mn |
| Jun 30, 2022 | 183.90 Mn |
| Mar 31, 2022 | 138.70 Mn |
| Dec 31, 2021 | 207.30 Mn |
| Sep 30, 2021 | 156.70 Mn |
API Access
Fortinet EBT 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=ebt&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();