Fortinet (FTNT) Gross Margin (2010 - 2026)

Fortinet's Gross Margin history runs 17 years deep, the most recent figure standing at 80.29% for Q1 2026.

• In Q1 2026, Gross Margin fell 67.0% year-over-year to 80.29%; the TTM figure through Mar 2026 stood at 80.3% (down 3040.0% YoY), while the FY2025 annual figure was 80.46%, down 11.0% from the prior year.
• Gross Margin was 80.29% for Q1 2026 at Fortinet, up from 79.57% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 4326.69% in Q4 2024 to a low of 73.42% in Q1 2022.
• Historically, Gross Margin has averaged 328.1% across 5 years, with a median of 77.68% in 2023.
• The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 424901 bps in 2024, then slumped 424712 bps in 2025.
• A 5-year view of Gross Margin shows it stood at 76.83% in 2022, then advanced by 1 bps to 77.68% in 2023, then jumped by 5470 bps to 4326.69% in 2024, then plunged by 98 bps to 79.57% in 2025, then grew by 1 bps to 80.29% in 2026.
• The last three Gross Margin figures came in at 80.29% (Q1 2026), 79.57% (Q4 2025), and 80.77% (Q3 2025), per Business Quant data.