Fortinet (FTNT) Net Margin (2010 - 2026)

Fortinet's Net Margin history runs 17 years deep, the most recent figure standing at 28.9% for Q1 2026.

• In Q1 2026, Net Margin rose 144.0% year-over-year to 28.9%; the TTM figure through Mar 2026 stood at 27.5% (up 30.0% YoY), while the FY2025 annual figure was 27.11%, down 269.0% from the prior year.
• Net Margin was 28.9% for Q1 2026 at Fortinet, up from 26.56% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 36.15% in Q3 2024 to a low of 426.05% in Q4 2024.
• Historically, Net Margin has averaged 2.07% across 5 years, with a median of 24.58% in 2023.
• The sharpest annual moves came in 2022 and 2025: Net Margin tumbled 93231 bps in 2022, then jumped 45261 bps in 2025.
• A 5-year view of Net Margin shows it stood at 27.98% in 2022, then fell by 19 bps to 22.64% in 2023, then tumbled by 1982 bps to 426.05% in 2024, then surged by 106 bps to 26.56% in 2025, then grew by 9 bps to 28.9% in 2026.
• The last three Net Margin figures came in at 28.9% (Q1 2026), 26.56% (Q4 2025), and 27.49% (Q3 2025), per Business Quant data.