Fortinet (FTNT) EBT Margin (2010 - 2026)
Fortinet (FTNT) posted EBT Margin of 35.17% for Q2 2026, down 0.93% on a QoQ basis from 35.5% in Q1 2026, and up 343.0% year-over-year from 7.94% in Q2 2025.
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Analysis
Fortinet (FTNT) EBT Margin (2010 - 2026) Analysis & Trends
Fortinet has reported EBT Margin for 17 years, with the latest figure at 35.17% in Q2 2026.
- On a quarterly basis, EBT Margin rose 343.0% year-over-year to 35.17% in Q2 2026; TTM through Jun 2026 was 34.84%, a 49.0% increase from a year earlier, with the FY2025 full-year figure at 33.56%, down 100.0% from the prior year.
- EBT Margin was 35.17% for Q2 2026 at Fortinet, down from 35.5% in the prior quarter.
- The five-year high for EBT Margin was 41.54% in Q3 2024, with the low at 147.27% in Q4 2024.
- Average EBT Margin over 5 years is 18.97%, with a median of 29.03% recorded in 2022.
- The sharpest annual moves came in 2022 and 2025: EBT Margin tumbled 43819 bps in 2022, then jumped 18143 bps in 2025.
- Over 5 years, EBT Margin stood at 28.7% in 2022, then grew by 2 bps to 29.37% in 2023, then sank by 601 bps to 147.27% in 2024, then surged by 123 bps to 34.16% in 2025, then climbed by 3 bps to 35.17% in 2026.
- The last three EBT Margin figures came in at 35.17% (Q2 2026), 35.5% (Q1 2026), and 34.16% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | -7.89% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 0.27% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 35.17% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -12.17% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 4.61% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 3.61% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 5.95% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 15.65% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 10.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.17% |
| Mar 31, 2026 | 35.50% |
| Dec 31, 2025 | 34.16% |
| Sep 30, 2025 | 34.48% |
| Jun 30, 2025 | 31.74% |
| Mar 31, 2025 | 33.73% |
| Dec 31, 2024 | -147.27% |
| Sep 30, 2024 | 41.54% |
| Jun 30, 2024 | 32.65% |
| Mar 31, 2024 | 25.52% |
| Dec 31, 2023 | 29.37% |
| Sep 30, 2023 | 24.56% |
| Jun 30, 2023 | 23.14% |
| Mar 31, 2023 | 23.06% |
| Dec 31, 2022 | 28.70% |
| Sep 30, 2022 | 23.03% |
| Jun 30, 2022 | 17.85% |
| Mar 31, 2022 | 14.53% |
| Dec 31, 2021 | 466.89% |
| Sep 30, 2021 | 18.07% |
API Access
Fortinet EBT Margin 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-margin&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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-margin&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();