Fortinet (FTNT) Exchange Rate Effect (2010 - 2025)
Fortinet (FTNT) recorded Exchange Rate Effect of -$1.6 million in Q4 2025, compared with -$2.3 million a year earlier.
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Analysis
Fortinet (FTNT) Exchange Rate Effect (2010 - 2025) Analysis & Trends
For FY2025, Fortinet reported Exchange Rate Effect of -$600,000.
- Across earlier years, Exchange Rate Effect came in at -$2.6 million in FY2024, -$800,000 in FY2023, -$400,000 in FY2022 and -$100,000 in FY2021.
- Quarterly Exchange Rate Effect has ranged from -$2.3 million in Q4 2024 to $2.1 million in Q3 2024 over the past five years.
- Per Business Quant, the preceding three quarters came in at -$300,000 (Q3 2025), $400,000 (Q2 2025) and $900,000 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.96 Bn | 241.04 Bn | 2.30 Bn | -5.00 Mn |
| 2 | CrowdStrike Holdings | 231.81 Bn | 212.21 Bn | 1.10 Bn | -1.73 Mn |
| 3 | Fortinet | 123.04 Bn | 108.97 Bn | 1.64 Bn | - |
| 4 | Snowflake | 108.21 Bn | 95.53 Bn | 1.04 Bn | -1.86 Mn |
| 5 | Datadog | 88.10 Bn | 69.75 Bn | 881.34 Mn | 782,000.00 |
| 6 | Okta | 32.88 Bn | 22.97 Bn | 641.00 Mn | -3.00 Mn |
| 7 | Zscaler | 32.85 Bn | 18.97 Bn | - | - |
| 8 | Axon Enterprise | 32.23 Bn | 26.75 Bn | 546.45 Mn | -2.45 Mn |
| 9 | MongoDB | 27.06 Bn | 17.53 Bn | 569.77 Mn | -2.18 Mn |
| 10 | F5 | 25.10 Bn | 19.51 Bn | 711.51 Mn | -344,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -1.60 Mn |
| Sep 30, 2025 | -300,000.00 |
| Jun 30, 2025 | 400,000.00 |
| Mar 31, 2025 | 900,000.00 |
| Dec 31, 2024 | -2.30 Mn |
| Sep 30, 2024 | 2.10 Mn |
| Jun 30, 2024 | -1.00 Mn |
| Mar 31, 2024 | -1.40 Mn |
| Dec 31, 2023 | 1.10 Mn |
| Sep 30, 2023 | -600,000.00 |
| Jun 30, 2023 | -1.20 Mn |
| Mar 31, 2023 | -100,000.00 |
| Dec 31, 2022 | 800,000.00 |
| Sep 30, 2022 | -200,000.00 |
| Jun 30, 2022 | -700,000.00 |
| Mar 31, 2022 | -300,000.00 |
| Dec 31, 2021 | -300,000.00 |
| Sep 30, 2021 | 200,000.00 |
| Jun 30, 2014 | -45,000.00 |
| Mar 31, 2014 | -555,000.00 |
API Access
Fortinet Exchange Rate Effect 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=exchange-rate-effect&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "exchange-rate-effect", "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=exchange-rate-effect&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();