Fortinet (FTNT) Gross Margin (2010 - 2026)

Fortinet has disclosed Gross Margin across 17 years of filings, most recently posting 80.29% for Q1 2026.

• Gross Margin for Q1 2026 came in at 80.29%, down 67.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 80.3% (down 3040.0% YoY), and the FY2025 annual result was 80.46%, down 11.0% from the prior year.
• Gross Margin came in at 80.29% for Q1 2026 at Fortinet, up from 79.57% in the prior quarter.
• Over the last five years, Gross Margin for FTNT reached as high as 4326.69% in Q4 2024 and fell as low as 73.42% in Q1 2022.
• Median Gross Margin over the past 5 years was 77.68% (2023), compared with a mean of 328.1%.
• Year-over-year, Gross Margin surged 424901 bps in 2024 and sank 424712 bps in 2025.
• Over 5 years, 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).