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.

• On a quarterly basis, Net Margin rose 144.0% year-over-year to 28.9% in Q1 2026; TTM through Mar 2026 was 27.5%, a 30.0% increase from a year earlier, with the FY2025 full-year figure at 27.11%, down 269.0% from the prior year.
• Net Margin advanced to 28.9% in Q1 2026 per FTNT's latest filing, from 26.56% in the prior quarter.
• Across five years, Net Margin topped out at 36.15% in Q3 2024 and bottomed at 426.05% in Q4 2024.
• The 5-year median for Net Margin is 24.58% (2023), against an average of 1.84%.
• Across the five-year window, Net Margin slumped 44869 bps in 2024 and soared 45261 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 27.98% in 2022, then fell by 19 bps to 22.64% in 2023, then sank 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.
• Per Business Quant, the three latest FTNT Net Margin figures stand at 28.9% (Q1 2026), 26.56% (Q4 2025), and 27.49% (Q3 2025).