Fortinet (FTNT) income statement
NASDAQ · Technology · Software - Infrastructure · 15,109 employees · CEO Ken Xie
- Price
- $136.08 -2.17%
- Market cap
- $99.8B
- Enterprise value
- $96.6B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-02-04 EPS est. $0.92
Fortinet (FTNT) reported revenue of $2.08B for Q3 '26 (+20.5% year on year), operating income of $704M (33.9% of revenue) and net income of $636M. Over the last four quarters revenue was $7.88B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.42B | $1.35B | $1.43B | $1.51B | $1.66B | $1.54B | $1.63B | $1.72B | $1.91B | $1.85B | $2.05B | $2.08B | |
| Cost of revenue | $316M | $305M | $275M | $263M | $315M | $293M | $302M | $319M | $389M | $365M | $405M | $438M | |
| Gross profit | $1.1B | $1.05B | $1.16B | $1.24B | $1.35B | $1.25B | $1.33B | $1.41B | $1.52B | $1.49B | $1.64B | $1.64B | |
| Research & development | $153M | $173M | $165M | $187M | $191M | $199M | $210M | $202M | $205M | $214M | $225M | $213M | |
| Sales & marketing | $507M | $501M | $501M | $516M | $527M | $543M | $592M | $584M | $629M | $636M | $669M | $665M | |
| General & administrative | $55.1M | $54.4M | $56.6M | $71.7M | $55.1M | $57.8M | $56.9M | $61.4M | $57.3M | $56.2M | $61.1M | $59.6M | |
| Other operating expenses | -$1.2M | -$1.1M | -$1.2M | -$1.1M | -$1.2M | -$6.3M | $13.2M | $13.1M | $0 | $0 | -$1.3M | -$1.4M | |
| Operating expenses | $714M | $727M | $722M | $774M | $772M | $793M | $872M | $860M | $892M | $907M | $954M | $937M | |
| Operating income | $385M | $321M | $437M | $471M | $574M | $454M | $457M | $546M | $626M | $580M | $689M | $704M | |
| Interest income | $30.5M | $32.2M | $38.3M | $42.4M | $42.3M | $44.3M | $45M | $40.7M | $32.3M | $32.9M | $33.2M | $42.7M | |
| Interest expense | $5.4M | $5.1M | $5M | $5M | $4.9M | $4.9M | $4.6M | $6.2M | $4.4M | $4.2M | $3.2M | $3M | |
| Other non-operating income (gains on investments, FX ...) | -$35.6M | -$29.3M | -$36.1M | -$161M | -$49.2M | -$70.4M | -$65.2M | -$54.9M | -$29.6M | -$80.8M | -$34.1M | -$53.7M | |
| Total non-operating income | $20.7M | $17.6M | $19.1M | $150M | $38.8M | $76.1M | $60.5M | $48.7M | $25.2M | $76.6M | $30.9M | $50.7M | |
| Income before tax | $406M | $339M | $456M | $621M | $613M | $530M | $517M | $595M | $651M | $657M | $720M | $755M | |
| Income tax | $95.2M | $39.5M | $76.5M | $81.2M | $86.7M | $96.5M | $77.1M | $121M | $145M | $122M | $115M | $120M | |
| Net income | $311M | $299M | $380M | $540M | $526M | $433M | $440M | $474M | $506M | $535M | $606M | $636M | |
| EPS (basic) | $0.41 | $0.39 | $0.50 | $0.71 | $0.69 | $0.56 | $0.57 | $0.63 | $0.68 | $0.72 | $0.83 | $0.87 | |
| EPS (diluted) | $0.40 | $0.39 | $0.49 | $0.70 | $0.68 | $0.56 | $0.57 | $0.62 | $0.68 | $0.72 | $0.82 | $0.86 | |
| Shares (basic, weighted) | 765M | 762M | 764M | 765M | 767M | 768M | 767M | 763M | 743M | 739M | 736M | 734M | |
| Shares (diluted, weighted) | 772M | 771M | 770M | 772M | 775M | 777M | 775M | 770M | 748M | 743M | 741M | 743M | |
| Depreciation & amortization | $30.2M | $28.6M | $29.2M | $29.8M | $35.2M | $35.8M | $38.3M | $38.4M | $39.5M | $39.8M | $41.4M | $39.4M | |
| EBITDA | $451M | $379M | $503M | $661M | $659M | $560M | $560M | $639M | $695M | $701M | $765M | $797M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.49B | $1.8B | $2.16B | $2.59B | $3.34B | $4.42B | $5.3B | $5.96B | $6.8B | |
| Cost of revenue | $338M | $385M | $450M | $506M | $570M | $783M | $1.08B | $1.24B | $1.16B | $1.3B | |
| Gross profit | $938M | $1.11B | $1.35B | $1.66B | $2.02B | $2.56B | $3.33B | $4.07B | $4.8B | $5.5B | |
| Research & development | $183M | $211M | $245M | $277M | $341M | $424M | $512M | $614M | $717M | $816M | |
| Sales & marketing | $627M | $701M | $782M | $927M | $1.07B | $1.35B | $1.69B | $2.01B | $2.04B | $2.35B | |
| General & administrative | $81.1M | $87.9M | $93M | $102M | $120M | $144M | $169M | $211M | $238M | $233M | |
| Other operating expenses | $4M | $300K | $0 | $0 | -$40.2M | -$4.6M | -$4.6M | -$4.6M | -$4.6M | $20M | |
| Operating expenses | $895M | $1B | $1.12B | $1.31B | $1.49B | $1.91B | $2.36B | $2.83B | $2.99B | $3.42B | |
| Operating income | $42.9M | $110M | $234M | $351M | $532M | $650M | $970M | $1.24B | $1.8B | $2.08B | |
| Interest income | $7.3M | $13.5M | $26.5M | $42.5M | $17.7M | $4.5M | $17.4M | $120M | $155M | $162M | |
| Interest expense | $0 | $0 | $0 | $0 | $0 | $14.9M | $18M | $21M | $20M | $20.1M | |
| Other non-operating income (gains on investments, FX ...) | -$4M | -$300K | $0 | -$35M | -$9.9M | $7.1M | -$3.9M | -$114M | -$275M | -$231M | |
| Total non-operating income | $200K | $14.2M | $19.9M | $35M | $9.9M | -$29.6M | -$82.2M | $50.5M | $226M | $210M | |
| Income before tax | $43.1M | $124M | $254M | $386M | $542M | $621M | $887M | $1.29B | $2.03B | $2.29B | |
| Income tax | $10.9M | $92.6M | -$80.6M | $54.3M | $53.2M | $14.1M | $30.8M | $144M | $284M | $439M | |
| Net income | $32.2M | $31.4M | $335M | $332M | $489M | $607M | $857M | $1.15B | $1.75B | $1.85B | |
| EPS (basic) | $0.04 | $0.04 | $0.39 | $0.39 | $0.60 | $0.74 | $1.08 | $1.47 | $2.28 | $2.44 | |
| EPS (diluted) | $0.04 | $0.04 | $0.38 | $0.38 | $0.58 | $0.73 | $1.06 | $1.46 | $2.26 | $2.43 | |
| Shares (basic, weighted) | 863M | 872M | 846M | 855M | 821M | 816M | 791M | 779M | 764M | 743M | |
| Shares (diluted, weighted) | 882M | 890M | 871M | 875M | 839M | 836M | 805M | 788M | 772M | 748M | |
| Depreciation & amortization | $48.5M | $55.5M | $55.7M | $61.6M | $68.8M | $84.4M | $104M | $113M | $123M | $152M | |
| EBITDA | $95.4M | $166M | $290M | $448M | $611M | $728M | $1.08B | $1.47B | $2.2B | $2.46B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01