Fortinet (FTNT) Payables (2010 - 2026)
Fortinet (FTNT) recorded quarterly Payables of $238.7 million in Q1 2026, up 3.42% quarter-over-quarter from $230.8 million in Q4 2025, and up 6.33% on a YoY basis from $224.5 million in Q1 2025.
Fortinet (FTNT) Payables (2010 - 2026) Analysis & Trends
Fortinet's Payables history runs 17 years deep, the most recent figure standing at $238.7 million for Q1 2026.
- In Q1 2026, Payables rose 6.33% year-over-year to $238.7 million; the TTM figure through Mar 2026 stood at $238.7 million (up 6.33% YoY), while the FY2025 annual figure was $230.8 million, up 20.9% from the prior year.
- Payables was $238.7 million for Q1 2026 at Fortinet, up from $230.8 million in the prior quarter.
- In the past five years, Payables ranged from a high of $253.9 million in Q3 2023 to a low of $132.1 million in Q2 2024.
- Historically, Payables has averaged $209.3 million across 5 years, with a median of $221.3 million in 2025.
- The sharpest annual moves came in 2024 and 2025: Payables slumped 44.57% in 2024, then soared 85.62% in 2025.
- A 5-year view of Payables shows it stood at $243.4 million in 2022, then retreated by 16.06% to $204.3 million in 2023, then declined by 6.56% to $190.9 million in 2024, then advanced by 20.9% to $230.8 million in 2025, then increased by 3.42% to $238.7 million in 2026.
- The last three Payables figures came in at $238.7 million (Q1 2026), $230.8 million (Q4 2025), and $221.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 37.51 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | - |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 19.36 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 495.96 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 262.00 Mn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 105.32 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 238.70 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 1.30 Bn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 58.84 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 3.37 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 132.00 Mn |