Fortinet (FTNT) Share-based Compensation (2010 - 2026)
Fortinet's Share-based Compensation came in at $80.1 million for Q3 2026, up 11.6% from $71.8 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Fortinet (FTNT) Share-based Compensation (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Fortinet reported Share-based Compensation of $304.4 million, up 11.6% year-over-year; for FY2025, it came in at $279.5 million, up 8.4% from FY2024.
- Share-based Compensation has increased in each of the last 16 years, with a five-year compound annual growth rate of 7.8% (FY2020 to FY2025).
- Going back by year, Share-based Compensation was $257.9 million in FY2024 (+3.6%), $249 million in FY2023 (+14.6%), $217.3 million in FY2022 (+4.5%) and $207.9 million in FY2021 (+8.5%).
- The Q3 2026 figure represents the highest quarterly Share-based Compensation in data going back to Q3 2010.
- Year-over-year, Share-based Compensation has increased for nine consecutive quarters, with growth averaging 9.1% over the last eight quarters.
- The fastest year-over-year change in Share-based Compensation over five years came in Q2 2023 (growth of 18.8%), and the weakest in Q2 2024 (a decline of 1.7%).
- Business Quant data shows FTNT's Share-based Compensation at $79.3 million (Q2 2026), $72.5 million (Q1 2026) and $72.5 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 239.80 Bn | 224.87 Bn | 2.30 Bn | 460.00 Mn |
| 2 | CrowdStrike Holdings | 221.32 Bn | 201.72 Bn | 1.10 Bn | 376.91 Mn |
| 3 | Snowflake | 95.32 Bn | 82.64 Bn | 1.04 Bn | 423.58 Mn |
| 4 | Fortinet | 91.37 Bn | 75.63 Bn | 1.64 Bn | 80.10 Mn |
| 5 | Datadog | 62.68 Bn | 43.23 Bn | 959.92 Mn | 237.18 Mn |
| 6 | Axon Enterprise | 33.44 Bn | 27.96 Bn | 546.45 Mn | 144.00 Mn |
| 7 | Zscaler | 33.36 Bn | 19.52 Bn | 689.22 Mn | 211.59 Mn |
| 8 | Okta | 29.92 Bn | 20.01 Bn | 641.00 Mn | 114.00 Mn |
| 9 | MongoDB | 24.20 Bn | 14.66 Bn | 569.77 Mn | 148.94 Mn |
| 10 | Roku | 23.96 Bn | 13.98 Bn | 648.52 Mn | 79.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 80.10 Mn |
| Jun 30, 2026 | 79.30 Mn |
| Mar 31, 2026 | 72.50 Mn |
| Dec 31, 2025 | 72.50 Mn |
| Sep 30, 2025 | 71.80 Mn |
| Jun 30, 2025 | 69.10 Mn |
| Mar 31, 2025 | 66.10 Mn |
| Dec 31, 2024 | 65.80 Mn |
| Sep 30, 2024 | 65.90 Mn |
| Jun 30, 2024 | 63.90 Mn |
| Mar 31, 2024 | 62.30 Mn |
| Dec 31, 2023 | 63.40 Mn |
| Sep 30, 2023 | 64.30 Mn |
| Jun 30, 2023 | 65.00 Mn |
| Mar 31, 2023 | 56.30 Mn |
| Dec 31, 2022 | 54.70 Mn |
| Sep 30, 2022 | 54.70 Mn |
| Jun 30, 2022 | 54.70 Mn |
| Mar 31, 2022 | 53.20 Mn |
| Dec 31, 2021 | 53.10 Mn |
API Access
Fortinet Share-based Compensation 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=share-based-compensation&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();