Fortinet (FTNT) Net Margin (2010 - 2026)

Fortinet has disclosed Net Margin across 17 years of filings, most recently posting 28.9% for Q1 2026.

• Net Margin for Q1 2026 came in at 28.9%, up 144.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.5% (up 30.0% YoY), and the FY2025 annual result was 27.11%, down 269.0% from the prior year.
• Net Margin came in at 28.9% for Q1 2026 at Fortinet, up from 26.56% in the prior quarter.
• Over the last five years, Net Margin for FTNT reached as high as 36.15% in Q3 2024 and fell as low as 426.05% in Q4 2024.
• Median Net Margin over the past 5 years was 24.58% (2023), compared with a mean of 2.07%.
• Year-over-year, Net Margin slumped 93231 bps in 2022 and surged 45261 bps in 2025.
• Over 5 years, 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).