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Fortinet (FTNT) Research & Development: 2009-2024

Historic Research & Development for Fortinet (FTNT) over the last 16 years, with Dec 2024 value amounting to $716.8 million.

  • Fortinet's Research & Development rose 8.06% to $202.4 million in Q3 2025 from the same period last year, while for Sep 2025 it was $801.6 million, marking a year-over-year increase of 18.20%. This contributed to the annual value of $716.8 million for FY2024, which is 16.78% up from last year.
  • As of FY2024, Fortinet's Research & Development stood at $716.8 million, which was up 16.78% from $613.8 million recorded in FY2023.
  • Fortinet's Research & Development's 5-year high stood at $716.8 million during FY2024, with a 5-year trough of $341.4 million in FY2020.
  • Its 3-year average for Research & Development is $614.3 million, with a median of $613.8 million in 2023.
  • Data for Fortinet's Research & Development shows a peak YoY climbed of 24.25% (in 2021) over the last 5 years.
  • Yearly analysis of 5 years shows Fortinet's Research & Development stood at $341.4 million in 2020, then climbed by 24.25% to $424.2 million in 2021, then grew by 20.79% to $512.4 million in 2022, then climbed by 19.79% to $613.8 million in 2023, then rose by 16.78% to $716.8 million in 2024.