Fortinet (FTNT) Net Income (2010 - 2026)
Fortinet (FTNT) recorded quarterly Net Income of $534.6 million in Q1 2026, up 5.65% quarter-over-quarter from $506.0 million in Q4 2025, and up 26.44% on a YoY basis from $422.8 million in Q1 2025.
Fortinet (FTNT) Net Income (2010 - 2026) Analysis & Trends
Fortinet's Net Income history runs 17 years deep, the most recent figure standing at $534.6 million for Q1 2026.
- In Q1 2026, Net Income rose 26.44% year-over-year to $534.6 million; the TTM figure through Mar 2026 stood at $2.0 billion (up 59.28% YoY), while the FY2025 annual figure was $1.8 billion, up 3.86% from the prior year.
- Net Income was $534.6 million for Q1 2026 at Fortinet, up from $506.0 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $545.2 million in Q3 2024 to a low of -$132.5 million in Q4 2024.
- Historically, Net Income has averaged $329.6 million across 5 years, with a median of $328.1 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Net Income sank 141.35% in 2024, then soared 481.89% in 2025.
- A 5-year view of Net Income shows it stood at $359.0 million in 2022, then declined by 10.75% to $320.4 million in 2023, then slumped by 141.35% to -$132.5 million in 2024, then jumped by 481.89% to $506.0 million in 2025, then grew by 5.65% to $534.6 million in 2026.
- The last three Net Income figures came in at $534.6 million (Q1 2026), $506.0 million (Q4 2025), and $474.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 31.78 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 593,000.00 |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 3.72 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 876.40 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 432.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 61.44 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 534.60 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 64.72 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | -22.90 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -740.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 534.60 Mn |
| Dec 31, 2025 | 506.00 Mn |
| Sep 30, 2025 | 474.10 Mn |
| Jun 30, 2025 | 440.20 Mn |
| Mar 31, 2025 | 422.80 Mn |
| Dec 31, 2024 | -132.50 Mn |
| Sep 30, 2024 | 545.20 Mn |
| Jun 30, 2024 | 391.80 Mn |
| Mar 31, 2024 | 305.90 Mn |
| Dec 31, 2023 | 320.40 Mn |
| Sep 30, 2023 | 328.10 Mn |
| Jun 30, 2023 | 271.60 Mn |
| Mar 31, 2023 | 269.80 Mn |
| Dec 31, 2022 | 359.00 Mn |
| Sep 30, 2022 | 237.40 Mn |
| Jun 30, 2022 | 181.50 Mn |
| Mar 31, 2022 | 146.80 Mn |
| Dec 31, 2021 | 203.60 Mn |
| Sep 30, 2021 | 166.00 Mn |
| Jun 30, 2021 | 137.50 Mn |