Fortinet (FTNT) Operating Expenses (2010 - 2026)

Fortinet's Operating Expenses history runs 17 years deep, the most recent figure standing at $905.1 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 14.16% year-over-year to $905.1 million; the TTM figure through Mar 2026 stood at $3.5 billion (up 14.32% YoY), while the FY2025 annual figure was $3.4 billion, up 13.06% from the prior year.
• Operating Expenses was $905.1 million for Q1 2026 at Fortinet, up from $890.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $905.1 million in Q1 2026 to a low of $550.0 million in Q1 2022.
• Historically, Operating Expenses has averaged $733.8 million across 5 years, with a median of $722.1 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses climbed 27.29% in 2022, then rose 0.57% in 2024.
• A 5-year view of Operating Expenses shows it stood at $627.9 million in 2022, then rose by 13.68% to $713.8 million in 2023, then gained by 8.08% to $771.5 million in 2024, then gained by 15.39% to $890.2 million in 2025, then rose by 1.67% to $905.1 million in 2026.
• The last three Operating Expenses figures came in at $905.1 million (Q1 2026), $890.2 million (Q4 2025), and $845.9 million (Q3 2025), per Business Quant data.