Fortinet (FTNT) Operating Income (2010 - 2026)
Fortinet (FTNT) posted quarterly Operating Income of $689.3 million for Q2 2026, up 50.5% year-over-year from $458.0 million in Q2 2025, and up 18.84% quarter-over-quarter from $580.0 million in Q1 2026.
Fortinet (FTNT) Operating Income (2010 - 2026) Analysis & Trends
Fortinet's Operating Income history runs 17 years deep, the most recent figure standing at $689.3 million for Q2 2026.
- In Q2 2026, Operating Income rose 50.5% year-over-year to $689.3 million; the TTM figure through Jun 2026 stood at $2.4 billion (up 24.81% YoY), while the FY2025 annual figure was $2.1 billion, up 15.6% from the prior year.
- Operating Income for Q2 2026 stood at $689.3 million, up from $580.0 million in the prior quarter.
- The five-year high for Operating Income was $689.3 million in Q2 2026, with the low at $151.0 million in Q1 2022.
- The 5-year median for Operating Income is $411.3 million (2023), against an average of $409.3 million.
- The sharpest annual moves came in 2023 and 2025: Operating Income soared 81.13% in 2023, then advanced 4.76% in 2025.
- Fortinet's Operating Income stood at $357.8 million in 2022, then increased by 7.71% to $385.4 million in 2023, then soared by 48.96% to $574.1 million in 2024, then gained by 8.97% to $625.6 million in 2025, then increased by 10.18% to $689.3 million in 2026.
- Business Quant data shows FTNT's Operating Income at $689.3 million in Q2 2026, $580.0 million in Q1 2026, and $625.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 40.60 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 6.13 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 912.00 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -183.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 689.30 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -205.70 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 203.05 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -49.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 446.87 Mn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 532.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 689.30 Mn |
| Mar 31, 2026 | 580.00 Mn |
| Dec 31, 2025 | 625.60 Mn |
| Sep 30, 2025 | 547.30 Mn |
| Jun 30, 2025 | 458.00 Mn |
| Mar 31, 2025 | 453.80 Mn |
| Dec 31, 2024 | 574.10 Mn |
| Sep 30, 2024 | 470.90 Mn |
| Jun 30, 2024 | 437.20 Mn |
| Mar 31, 2024 | 321.20 Mn |
| Dec 31, 2023 | 385.40 Mn |
| Sep 30, 2023 | 303.20 Mn |
| Jun 30, 2023 | 279.00 Mn |
| Mar 31, 2023 | 273.50 Mn |
| Dec 31, 2022 | 357.80 Mn |
| Sep 30, 2022 | 265.50 Mn |
| Jun 30, 2022 | 195.30 Mn |
| Mar 31, 2022 | 151.00 Mn |
| Dec 31, 2021 | 214.90 Mn |
| Sep 30, 2021 | 166.40 Mn |