Fortinet (FTNT) Revenue (2010 - 2026)
Fortinet (FTNT) recorded quarterly Revenue of $1.8 billion in Q1 2026, down 2.91% quarter-over-quarter from $1.9 billion in Q4 2025, and up 20.13% on a YoY basis from $1.5 billion in Q1 2025.
Fortinet (FTNT) Revenue (2010 - 2026) Analysis & Trends
Fortinet's Revenue history runs 17 years deep, the most recent figure standing at $1.8 billion for Q1 2026.
- In Q1 2026, Revenue rose 20.13% year-over-year to $1.8 billion; the TTM figure through Mar 2026 stood at $7.1 billion (up 57.53% YoY), while the FY2025 annual figure was $6.8 billion, up 14.17% from the prior year.
- Revenue was $1.8 billion for Q1 2026 at Fortinet, down from $1.9 billion in the prior quarter.
- In the past five years, Revenue ranged from a high of $1.9 billion in Q4 2025 to a low of $31.1 million in Q4 2024.
- Historically, Revenue has averaged $1.3 billion across 5 years, with a median of $1.4 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Revenue jumped 7268.59% in 2022, then sank 97.8% in 2024.
- A 5-year view of Revenue shows it stood at $1.3 billion in 2022, then advanced by 10.3% to $1.4 billion in 2023, then tumbled by 97.8% to $31.1 million in 2024, then surged by 6025.4% to $1.9 billion in 2025, then decreased by 2.91% to $1.8 billion in 2026.
- The last three Revenue figures came in at $1.8 billion (Q1 2026), $1.9 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 82.89 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 11.71 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 17.19 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 1.63 Bn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 2.59 Bn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 1.31 Bn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 1.85 Bn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 2.41 Bn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 639.76 Mn |
| 10 | CoreWeave | 53.50 Bn | 51.24 Bn | 2.01 Bn | 2.08 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.85 Bn |
| Dec 31, 2025 | 1.91 Bn |
| Sep 30, 2025 | 1.72 Bn |
| Jun 30, 2025 | 1.63 Bn |
| Mar 31, 2025 | 1.54 Bn |
| Dec 31, 2024 | 31.10 Mn |
| Sep 30, 2024 | 1.51 Bn |
| Jun 30, 2024 | 1.43 Bn |
| Mar 31, 2024 | 1.35 Bn |
| Dec 31, 2023 | 1.42 Bn |
| Sep 30, 2023 | 1.33 Bn |
| Jun 30, 2023 | 1.29 Bn |
| Mar 31, 2023 | 1.26 Bn |
| Dec 31, 2022 | 1.28 Bn |
| Sep 30, 2022 | 1.15 Bn |
| Jun 30, 2022 | 1.03 Bn |
| Mar 31, 2022 | 954.80 Mn |
| Dec 31, 2021 | 44.40 Mn |
| Sep 30, 2021 | 15.60 Mn |
| Jun 30, 2021 | 801.10 Mn |