Fortinet FTNT
NASDAQ FTNT
$157.56 +1.27 (+0.81%)
As of: Sep 8, 2026 · 3:59 PM EDT

Fortinet (FTNT) Net Margin (2010 - 2026)

Fortinet (FTNT) posted Net Margin of 29.55% for Q2 2026, up 2.24% on a QoQ basis from 28.9% in Q1 2026, and up 255.0% year-over-year from 8.32% in Q2 2025.

Analysis

Fortinet (FTNT) Net Margin (2010 - 2026) Analysis & Trends

Fortinet has reported Net Margin for 17 years, with the latest figure at 29.55% in Q2 2026.

  • On a quarterly basis, Net Margin rose 255.0% year-over-year to 29.55% in Q2 2026; TTM through Jun 2026 was 28.16%, a 107.0% increase from a year earlier, with the FY2025 full-year figure at 27.11%, down 269.0% from the prior year.
  • Net Margin was 29.55% for Q2 2026 at Fortinet, up from 28.9% in the prior quarter.
  • The five-year high for Net Margin was 36.15% in Q3 2024, with the low at 426.05% in Q4 2024.
  • Average Net Margin over 5 years is 0.1%, with a median of 25.57% recorded in 2023.
  • The sharpest annual moves came in 2024 and 2025: Net Margin sank 44869 bps in 2024, then surged 45261 bps in 2025.
  • Over 5 years, Net Margin stood at 27.98% in 2022, then retreated by 19 bps to 22.64% in 2023, then slumped by 1982 bps to 426.05% in 2024, then soared by 106 bps to 26.56% in 2025, then grew by 11 bps to 29.55% in 2026.
  • The last three Net Margin figures came in at 29.55% (Q2 2026), 28.9% (Q1 2026), and 26.56% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Palo Alto Networks 269.46 Bn 266.34 Bn 2.03 Bn -5.90%
2 CrowdStrike Holdings 213.75 Bn 208.74 Bn 1.10 Bn 0.36%
3 Fortinet 115.33 Bn 111.27 Bn 1.64 Bn 29.55%
4 Axon Enterprise 40.70 Bn 40.03 Bn 546.45 Mn 3.25%
5 Zscaler 25.94 Bn 22.46 Bn - -
6 F5 22.10 Bn 20.50 Bn 711.51 Mn 24.07%
7 Rubrik 18.86 Bn 17.11 Bn 335.12 Mn -14.46%
8 Gen Digital 17.83 Bn 17.27 Bn 1.03 Bn 16.09%
9 Check Point Software Technologies 14.27 Bn 11.99 Bn 574.10 Mn 28.77%
10 SentinelOne 6.66 Bn 6.00 Bn 210.42 Mn -31.99%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 29.55%
Mar 31, 2026 28.90%
Dec 31, 2025 26.56%
Sep 30, 2025 27.49%
Jun 30, 2025 27.01%
Mar 31, 2025 27.46%
Dec 31, 2024 -426.05%
Sep 30, 2024 36.15%
Jun 30, 2024 27.32%
Mar 31, 2024 22.60%
Dec 31, 2023 22.64%
Sep 30, 2023 24.58%
Jun 30, 2023 21.01%
Mar 31, 2023 21.37%
Dec 31, 2022 27.98%
Sep 30, 2022 20.65%
Jun 30, 2022 17.62%
Mar 31, 2022 15.37%
Dec 31, 2021 458.56%
Sep 30, 2021 19.14%