Fortinet (FTNT) Operating Expenses (2010 - 2026)

Fortinet (FTNT) posted Operating Expenses of $905.1 million for Q1 2026, up 1.67% on a QoQ basis from $890.2 million in Q4 2025, and up 14.16% year-on-year from $792.8 million in Q1 2025.

Fortinet (FTNT) Operating Expenses (2010 - 2026) Analysis & Trends

Fortinet has disclosed Operating Expenses across 17 years of filings, most recently posting $905.1 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $905.1 million, up 14.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.5 billion (up 14.32% YoY), and the FY2025 annual result was $3.4 billion, up 13.06% from the prior year.
  • Operating Expenses came in at $905.1 million for Q1 2026 at Fortinet, up from $890.2 million in the prior quarter.
  • Over the last five years, Operating Expenses for FTNT reached as high as $905.1 million in Q1 2026 and fell as low as $550.0 million in Q1 2022.
  • Median Operating Expenses over the past 5 years was $722.1 million (2024), compared with a mean of $733.8 million.
  • Year-over-year, Operating Expenses grew 27.29% in 2022 and gained 0.57% in 2024.
  • Over 5 years, Operating Expenses 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.
  • Per Business Quant, the three latest FTNT Operating Expenses figures stand at $905.1 million (Q1 2026), $890.2 million (Q4 2025), and $845.9 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 ZenaTech 82,806.72 Bn 82,806.72 Bn - 13.49 Mn
2 Microsoft 11,085.79 Bn 11,007.52 Bn 56.06 Bn 10.85 Bn
3 Palantir Technologies 1,073.49 Bn 1,065.58 Bn 1.42 Bn 662.79 Mn
4 Rezolve Ai 1,009.18 Bn 1,009.17 Bn - -
5 Palo Alto Networks 824.56 Bn 820.03 Bn 1.91 Bn 1.51 Bn
6 CrowdStrike Holdings 701.26 Bn 698.20 Bn 993.68 Mn 979.89 Mn
7 Oracle 514.97 Bn 476.40 Bn 17.12 Bn 13.05 Bn
8 Fortinet 456.74 Bn 453.45 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 331.63 Bn 330.68 Bn 455.60 Mn 517.59 Mn
10 Synopsys 303.79 Bn 303.67 Bn 1.77 Bn 1.57 Bn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 466.70 Mn