Fortinet (FTNT) Operating Income (2010 - 2026)
Fortinet (FTNT) recorded quarterly Operating Income of $580.0 million in Q1 2026, down 7.29% quarter-over-quarter from $625.6 million in Q4 2025, and up 27.81% on a YoY basis from $453.8 million in Q1 2025.
Fortinet (FTNT) Operating Income (2010 - 2026) Analysis & Trends
Fortinet's Operating Income history runs 17 years deep, the most recent figure standing at $580.0 million for Q1 2026.
- In Q1 2026, Operating Income rose 27.81% year-over-year to $580.0 million; the TTM figure through Mar 2026 stood at $2.2 billion (up 14.2% YoY), while the FY2025 annual figure was $2.1 billion, up 15.6% from the prior year.
- Operating Income was $580.0 million for Q1 2026 at Fortinet, down from $625.6 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $625.6 million in Q4 2025 to a low of $151.0 million in Q1 2022.
- Historically, Operating Income has averaged $392.9 million across 5 years, with a median of $385.4 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Income jumped 81.13% in 2023, then climbed 4.76% in 2025.
- A 5-year view of Operating Income shows it stood at $357.8 million in 2022, then rose by 7.71% to $385.4 million in 2023, then jumped by 48.96% to $574.1 million in 2024, then advanced by 8.97% to $625.6 million in 2025, then retreated by 7.29% to $580.0 million in 2026.
- The last three Operating Income figures came in at $580.0 million (Q1 2026), $625.6 million (Q4 2025), and $547.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 38.40 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 809,000.00 |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 5.46 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 754.00 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 397.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 13.79 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 580.00 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 203.05 Mn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | -61.99 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | -144.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 147.50 Mn |