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Fortinet income statement

In fiscal 2025, Fortinet reported revenue of $6.80bn, up 14.2% on the year before, operating income of $2.08bn (a 30.7% margin) and net income of $1.85bn, or $2.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue2523254345346157701,0091,2751,4951,8052,1632,5943,3424,4175,3055,9566,8007,881
Cost of revenue70851141471812312873383854505065707831,0851,2371,1581,3291,596
Gross profit1822393203864355397229381,1101,3541,6572,0242,5593,3334,0684,7985,4716,285
Research and development42506481103123158183211245277341424512614717816857
Selling and marketing961121461792253164706277017829271,0721,3461,6862,0062,0452,3482,600
General and administrative18222226354172818893102120144169211238233234
Operating income255589100725915431102343515326509701,2411,8032,0852,599
Interest expense——————————00151821202015
Income before tax285692105766217431242543865426289561,3342,0592,2822,783
Income tax−33153038323691193−8154531431144284439501
Net income604162674425832313353324896078571,1481,7451,8532,282
Diluted EPS$0.08$0.05$0.08$0.08$0.05$0.03$0.01$0.04$0.04$0.38$0.38$0.58$0.73$1.06$1.46$2.26$2.42$3.07
Diluted shares (average)652m782m819m832m841m846m881m882m891m871m875m838m835m805m788m772m765m743m
EBITDA316196112888146911652904136017351,0741,3551,9262,2372,741

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Fortinet's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Fortinet.