Fortinet FTNT Revenue Breakdown

NASDAQ FTNT
$173.46 -5.21 (-2.92%)
At close: Sep 25, 2026 · 4:00 PM EDT
Annual revenue breakdowns for Fortinet, fiscal 2010 to 2025, as reported in its filings.
Annual history

Fortinet Revenue by Product & Service

Years FY 2017–2025
Lines 3
FY 2025 Total $6.80B

Security Subscription was Fortinet’s largest product and service line in fiscal 2025, bringing in $2.63B of $6.80B (39%).

Fortinet revenue by product and service, fiscal 2017 to 2025
Product and Service FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Security Subscription $1.43B $1.90B $2.32B $2.63B
Product $1.78B $1.93B $1.91B $2.22B
Technical Support & Other $1.21B $1.48B $1.73B $1.95B
Total $4.42B $5.30B $5.96B $6.80B
Totals include 2 discontinued lines from earlier reporting.

Fortinet revenue by product and service: what the figures show

Fortinet brought in $6.80B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 14.2% from $5.96B in fiscal 2024. Security Subscription was the largest at $2.63B (38.7%), ahead of Product at $2.22B (32.6%) and Technical Support & Other at $1.95B (28.6%).

Compared with fiscal 2024, Product grew fastest, up 16.2% to $2.22B. Every line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these lines grew from $4.42B to $6.80B, a compound annual growth rate of 15.5%. Security Subscription's share of the total rose from 32.3% to 38.7%.

Annual history

Fortinet Revenue by Geography

Years FY 2010–2025
Lines 4
FY 2025 Total $6.80B

Emea was Fortinet’s largest region in fiscal 2025, bringing in $2.83B of $6.80B (42%).

Fortinet revenue by geography, fiscal 2010 to 2025
Geography FY 2010 FY 2011 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Emea $1.69B $2.07B $2.40B $2.83B
United States $1.33B $1.61B $1.78B $1.93B
Apac $940.60M $1.06B $1.12B $1.26B
Other Americas $460.00M $569.30M $663.30M $770.90M
Total $4.42B $5.30B $5.96B $6.80B
Totals include 3 discontinued lines from earlier reporting.

Fortinet revenue by geography: what the figures show

Fortinet brought in $6.80B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 14.2% from $5.96B in fiscal 2024. Emea was the largest at $2.83B (41.7%), ahead of United States at $1.93B (28.4%) and Apac at $1.26B (18.6%). The remaining region, Other Americas, brought in $770.90M.

Compared with fiscal 2024, Emea grew fastest, up 18.3% to $2.83B. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $4.42B to $6.80B, a compound annual growth rate of 15.5%. Emea's share of the total rose from 38.3% to 41.7%.

Annual history

Fortinet Revenue by Restatement

Years FY 2018
Lines 2
FY 2018 Total $1.80B

As Previously Reported was Fortinet’s largest revenue line in fiscal 2018, bringing in $1.80B of $1.80B (100%).

Fortinet revenue by restatement, fiscal 2018 to 2018
Restatement FY 2018
As Previously Reported $1.80B
Corrections $3.40M
Total $1.80B

Fortinet revenue by restatement: what the figures show

Fortinet brought in $1.80B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. As Previously Reported was the largest at $1.80B (99.8%), ahead of Corrections at $3.40M (0.2%).

Questions

Fortinet Revenue Breakdown FAQ

How does Fortinet make money?

Fortinet (FTNT) reports its revenue by product and service, by geography and by restatement. In fiscal 2025, Security Subscription was its largest product and service line, bringing in $2.63B (38.7% of the total), followed by Product at $2.22B (32.6%).

What is Fortinet's largest product and service line?

Security Subscription was Fortinet's largest product and service line in fiscal 2025, bringing in $2.63B, or 38.7% of the $6.80B total across its three product and service lines.

What is Fortinet's largest region?

Emea was Fortinet's largest region in fiscal 2025, bringing in $2.83B, or 41.7% of the $6.80B total across its four regions.

What is Fortinet's largest revenue line?

As Previously Reported was Fortinet's largest revenue line in fiscal 2018, bringing in $1.80B, or 99.8% of the $1.80B total across its two revenue lines.

Which Fortinet product and service line is growing the fastest?

Among Fortinet's product and service lines that make up at least 2% of revenue, Product grew fastest in fiscal 2025, up 16.2% from $1.91B to $2.22B.

Where does this revenue breakdown data come from?

Every figure comes from Fortinet's annual financial filings, as reported. Each line keeps the name Fortinet gives it, and years follow its fiscal calendar.

How far back does Fortinet's revenue breakdown go?

Fortinet's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.