Fortinet (FTNT) Market Capitalization (2010 - 2026)
Fortinet (FTNT) posted Market Capitalization of $112.7 billion for Q2 2026, up 87.88% on a QoQ basis from $60.0 billion in Q1 2026, and up 39.23% year-over-year from $80.9 billion in Q2 2025.
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Analysis
Fortinet (FTNT) Market Capitalization (2010 - 2026) Analysis & Trends
Fortinet has reported Market Capitalization for 17 years, with the latest figure at $112.7 billion in Q2 2026.
- On a quarterly basis, Market Capitalization rose 39.23% year-over-year to $112.7 billion in Q2 2026; TTM through Jun 2026 was $112.7 billion, a 39.23% increase from a year earlier, with the FY2025 full-year figure at $59.0 billion, down 18.58% from the prior year.
- Market Capitalization was $112.7 billion for Q2 2026 at Fortinet, up from $60.0 billion in the prior quarter.
- The five-year high for Market Capitalization was $112.7 billion in Q2 2026, with the low at $38.2 billion in Q4 2022.
- Average Market Capitalization over 5 years is $58.7 billion, with a median of $56.9 billion recorded in 2022.
- The largest YoY upside for Market Capitalization was 81.93% in 2022 against a maximum downside of 34.38% in 2022.
- Over 5 years, Market Capitalization stood at $38.2 billion in 2022, then grew by 16.58% to $44.5 billion in 2023, then soared by 62.69% to $72.5 billion in 2024, then slipped by 18.58% to $59.0 billion in 2025, then surged by 91.0% to $112.7 billion in 2026.
- The last three Market Capitalization figures came in at $112.7 billion (Q2 2026), $60.0 billion (Q1 2026), and $59.0 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 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();