Fortinet (FTNT) Operating Expenses (2010 - 2026)
Fortinet (FTNT) posted quarterly Operating Expenses of $953.9 million for Q2 2026, up 11.29% year-over-year from $857.1 million in Q2 2025, and up 5.39% quarter-over-quarter from $905.1 million in Q1 2026.
Fortinet (FTNT) Operating Expenses (2010 - 2026) Analysis & Trends
Fortinet's Operating Expenses history runs 17 years deep, the most recent figure standing at $953.9 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 11.29% year-over-year to $953.9 million; the TTM figure through Jun 2026 stood at $3.6 billion (up 12.52% YoY), while the FY2025 annual figure was $3.4 billion, up 13.06% from the prior year.
- Operating Expenses for Q2 2026 stood at $953.9 million, up from $905.1 million in the prior quarter.
- The five-year high for Operating Expenses was $953.9 million in Q2 2026, with the low at $550.0 million in Q1 2022.
- The 5-year median for Operating Expenses is $724.8 million (2024), against an average of $746.1 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses advanced 27.29% in 2022, then increased 0.57% in 2024.
- Fortinet's Operating Expenses stood at $627.9 million in 2022, then grew by 13.68% to $713.8 million in 2023, then increased by 8.08% to $771.5 million in 2024, then rose by 15.39% to $890.2 million in 2025, then grew by 7.16% to $953.9 million in 2026.
- Business Quant data shows FTNT's Operating Expenses at $953.9 million in Q2 2026, $905.1 million in Q1 2026, and $890.2 million in Q4 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 13.05 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 726.59 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 2.72 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 833.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 953.90 Mn |
| Mar 31, 2026 | 905.10 Mn |
| Dec 31, 2025 | 890.20 Mn |
| Sep 30, 2025 | 845.90 Mn |
| Jun 30, 2025 | 857.10 Mn |
| Mar 31, 2025 | 792.80 Mn |
| Dec 31, 2024 | 771.50 Mn |
| Sep 30, 2024 | 773.80 Mn |
| Jun 30, 2024 | 722.10 Mn |
| Mar 31, 2024 | 727.40 Mn |
| Dec 31, 2023 | 713.80 Mn |
| Sep 30, 2023 | 713.70 Mn |
| Jun 30, 2023 | 718.00 Mn |
| Mar 31, 2023 | 681.00 Mn |
| Dec 31, 2022 | 627.90 Mn |
| Sep 30, 2022 | 601.00 Mn |
| Jun 30, 2022 | 584.00 Mn |
| Mar 31, 2022 | 550.00 Mn |
| Dec 31, 2021 | 520.40 Mn |
| Sep 30, 2021 | 489.60 Mn |