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.

• On a quarterly basis, Gross Margin fell 67.0% year-over-year to 80.29% in Q1 2026; TTM through Mar 2026 was 80.3%, a 3040.0% decrease from a year earlier, with the FY2025 full-year figure at 80.46%, down 11.0% from the prior year.
• Gross Margin rose to 80.29% in Q1 2026 per FTNT's latest filing, from 79.57% in the prior quarter.
• Across five years, Gross Margin topped out at 4326.69% in Q4 2024 and bottomed at 73.42% in Q1 2022.
• The 5-year median for Gross Margin is 77.68% (2023), against an average of 328.1%.
• Across the five-year window, Gross Margin soared 424901 bps in 2024 and slumped 424712 bps in 2025, its largest moves.
• Year by year, Gross Margin 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 slumped by 98 bps to 79.57% in 2025, then grew by 1 bps to 80.29% in 2026.
• Per Business Quant, the three latest FTNT Gross Margin figures stand at 80.29% (Q1 2026), 79.57% (Q4 2025), and 80.77% (Q3 2025).