Fortinet (FTNT) Net Margin (2009 - 2025)

Fortinet's Net Margin history runs 17 years deep, the most recent figure standing at 27.11% for FY2025.

• 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 FY2025 stood at 27.11%, down from 29.8% in the prior year.
• The five-year high for Net Margin was 29.8% in FY2024, with the low at 18.38% in FY2021.
• The 5-year median for Net Margin is 22.43% (2023), against an average of 23.73%.
• The sharpest annual moves came in 2024 and 2025: Net Margin surged 737 bps in 2024, then tumbled 269 bps in 2025.
• Fortinet's Net Margin stood at 18.38% in 2021, then gained by 14 bps to 20.93% in 2022, then rose by 7 bps to 22.43% in 2023, then soared by 33 bps to 29.8% in 2024, then decreased by 9 bps to 27.11% in 2025.
• Business Quant data shows FTNT's Net Margin at 27.11% in FY2025, 29.8% in FY2024, and 22.43% in FY2023.