Fortinet (FTNT) Payables (2010 - 2026)
Fortinet's Payables was $282.5 million in Q2 2026, up 15.2% from $245.2 million a year earlier and up 18.3% from the prior quarter.
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Analysis
Fortinet (FTNT) Payables (2010 - 2026) Analysis & Trends
At the end of FY2025, Payables at Fortinet came in at $230.8 million, up 20.9% from FY2024.
- Payables shows a five-year compound annual growth rate of 10.3% (FY2020 to FY2025).
- In earlier years, Payables was $190.9 million in FY2024 (-6.6%), $204.3 million in FY2023 (-16.1%), $243.4 million in FY2022 (+64.0%) and $148.4 million in FY2021 (+4.8%).
- The Q2 2026 figure marks the highest quarterly Payables in data going back to Q4 2010.
- Compared with a year earlier, Payables has increased for six straight quarters, with growth averaging 22.8% over the last eight quarters.
- The best year-over-year quarter for Payables over five years was Q2 2025 (growth of 85.6%); the worst was Q2 2024 (a decline of 44.6%).
- Per Business Quant data, FTNT's Payables in the three quarters before Q2 2026 was $238.7 million (Q1 2026), $230.8 million (Q4 2025) and $221.3 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 290.00 Mn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | 114.49 Mn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 282.50 Mn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 185.25 Mn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 313.53 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 10.00 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | 47.97 Mn |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | 269.96 Mn |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 17.69 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 136.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 282.50 Mn |
| Mar 31, 2026 | 238.70 Mn |
| Dec 31, 2025 | 230.80 Mn |
| Sep 30, 2025 | 221.30 Mn |
| Jun 30, 2025 | 245.20 Mn |
| Mar 31, 2025 | 224.50 Mn |
| Dec 31, 2024 | 190.90 Mn |
| Sep 30, 2024 | 177.90 Mn |
| Jun 30, 2024 | 132.10 Mn |
| Mar 31, 2024 | 135.20 Mn |
| Dec 31, 2023 | 204.30 Mn |
| Sep 30, 2023 | 253.90 Mn |
| Jun 30, 2023 | 238.30 Mn |
| Mar 31, 2023 | 238.40 Mn |
| Dec 31, 2022 | 243.40 Mn |
| Sep 30, 2022 | 215.10 Mn |
| Jun 30, 2022 | 193.10 Mn |
| Mar 31, 2022 | 174.70 Mn |
| Dec 31, 2021 | 148.40 Mn |
| Sep 30, 2021 | 142.30 Mn |
API Access
Fortinet Payables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=payables&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=payables&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();