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
DateValue
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