Fortinet (FTNT) Gross Margin (2010 - 2026)

Fortinet has reported Gross Margin for 17 years, with the latest figure at 80.24% in Q2 2026.

• On a quarterly basis, Gross Margin fell 44.0% year-over-year to 80.24% in Q2 2026; TTM through Jun 2026 was 80.2%, a 2921.0% decrease from a year earlier, with the FY2025 full-year figure at 80.46%, down 11.0% from the prior year.
• Gross Margin was 80.24% for Q2 2026 at Fortinet, roughly flat from 80.29% in the prior quarter.
• The five-year high for Gross Margin was 4326.69% in Q4 2024, with the low at 73.42% in Q1 2022.
• Average Gross Margin over 5 years is 314.33%, with a median of 78.62% recorded in 2023.
• The sharpest annual moves came in 2024 and 2025: Gross Margin surged 424901 bps in 2024, then sank 424712 bps in 2025.
• Over 5 years, Gross Margin stood at 76.83% in 2022, then climbed by 1 bps to 77.68% in 2023, then surged by 5470 bps to 4326.69% in 2024, then tumbled by 98 bps to 79.57% in 2025, then climbed by 1 bps to 80.24% in 2026.
• The last three Gross Margin figures came in at 80.24% (Q2 2026), 80.29% (Q1 2026), and 79.57% (Q4 2025), per Business Quant data.