Fortinet (FTNT) Net Margin (2010 - 2026)
Fortinet (FTNT) posted quarterly Net Margin of 29.55% for Q2 2026, up 255.0% year-over-year from 8.32% in Q2 2025, and up 2.24% quarter-over-quarter from 28.9% in Q1 2026.
Fortinet (FTNT) Net Margin (2010 - 2026) Analysis & Trends
Fortinet's Net Margin history runs 17 years deep, the most recent figure standing at 29.55% for Q2 2026.
- In Q2 2026, Net Margin rose 255.0% year-over-year to 29.55%; the TTM figure through Jun 2026 stood at 28.16% (up 107.0% YoY), while the FY2025 annual figure was 27.11%, down 269.0% from the prior year.
- Net Margin for Q2 2026 stood at 29.55%, 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.
- The 5-year median for Net Margin is 25.57% (2023), against an average of 0.1%.
- The sharpest annual moves came in 2024 and 2025: Net Margin sank 44869 bps in 2024, then soared 45261 bps in 2025.
- Fortinet's Net Margin stood at 27.98% in 2022, then declined by 19 bps to 22.64% in 2023, then slumped by 1982 bps to 426.05% in 2024, then jumped by 106 bps to 26.56% in 2025, then advanced by 11 bps to 29.55% in 2026.
- Business Quant data shows FTNT's Net Margin at 29.55% in Q2 2026, 28.9% in Q1 2026, and 26.56% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 36.78% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 55.08% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 30.88% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 1.32% |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn | -30.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |