Fortinet (FTNT) Market Capitalization (2010 - 2026)
Fortinet's Market Capitalization came in at $112.7 billion for Q2 2026, up 39.2% from $80.94 billion a year earlier and up 87.9% from the prior quarter.
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Analysis
Fortinet (FTNT) Market Capitalization (2010 - 2026) Analysis & Trends
For FY2025, Fortinet's Market Capitalization was $59 billion, down 18.6% from FY2024.
- Market Capitalization carries a five-year compound annual growth rate of 19.6% (FY2020 to FY2025).
- Going back by year, Market Capitalization was $72.47 billion in FY2024 (+62.7%), $44.54 billion in FY2023 (+16.6%), $38.21 billion in FY2022 (-34.4%) and $58.22 billion in FY2021 (+141.2%).
- The Q2 2026 figure represents the highest quarterly Market Capitalization in data going back to Q2 2010.
- Year-over-year, Market Capitalization increased in six of the last eight quarters, with growth averaging 27.2%.
- The fastest year-over-year change in Market Capitalization over five years came in Q3 2021 (growth of 149.6%), and the weakest in Q4 2022 (a decline of 34.4%).
- Business Quant data shows FTNT's Market Capitalization at $59.98 billion (Q1 2026), $59 billion (Q4 2025) and $62.46 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 112.70 Bn |
| Mar 31, 2026 | 59.98 Bn |
| Dec 31, 2025 | 59.00 Bn |
| Sep 30, 2025 | 62.46 Bn |
| Jun 30, 2025 | 80.94 Bn |
| Mar 31, 2025 | 74.04 Bn |
| Dec 31, 2024 | 72.47 Bn |
| Sep 30, 2024 | 59.38 Bn |
| Jun 30, 2024 | 46.06 Bn |
| Mar 31, 2024 | 52.13 Bn |
| Dec 31, 2023 | 44.54 Bn |
| Sep 30, 2023 | 45.55 Bn |
| Jun 30, 2023 | 59.38 Bn |
| Mar 31, 2023 | 52.13 Bn |
| Dec 31, 2022 | 38.21 Bn |
| Sep 30, 2022 | 38.33 Bn |
| Jun 30, 2022 | 44.61 Bn |
| Mar 31, 2022 | 54.78 Bn |
| Dec 31, 2021 | 58.22 Bn |
| Sep 30, 2021 | 47.72 Bn |
API Access
Fortinet Market Capitalization 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=market-capitalization&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();