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Fortinet revenue

Fortinet's revenue was $6.80bn in fiscal 2025, up 14.2% on the year before. Since fiscal 2009 ($252m) it has grown at a compound 22.9% a year. Over the last twelve months it was $7.88bn.

Revenue history

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
Growth on the year before—+28.8%+33.5%+23.1%+15.3%+25.2%+31.0%+26.4%+17.2%+20.7%+19.9%+19.9%+28.8%+32.2%+20.1%+12.3%+14.2%—
Gross profit1822393203864355397229381,1101,3541,6572,0242,5593,3334,0684,7985,4716,285
Gross margin72.2%73.8%73.8%72.4%70.6%70.0%71.6%73.5%74.2%75.0%76.6%78.0%76.6%75.4%76.7%80.6%80.5%79.7%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Services $4.6B 67.4% ▲ 13.2%
Security Subscription $2.6B 57.5% ▲ 13.7%
Technical Support and Other $1.9B 42.5% ▲ 12.6%
Products $2.2B 32.6% ▲ 16.2%
Geography
Region Revenue Share YoY
Europe Middle East and Africa $2.8B 41.7% ▲ 18.3%
Americas $2.7B 39.7% ▲ 10.6%
United States $1.9B 71.5% ▲ 8.5%
Other Americas $771M 28.5% ▲ 16.2%
Asia Pacific and Japan $1.3B 18.6% ▲ 13.2%

From Fortinet's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Systems Software: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Fortinet $7.88bn 20.2% 15.1%
Palo Alto Networks $11.48bn 24.5% 18.5%
Gen Digital Inc. $5.23bn 16.9% 11.7%
Amdocs LTD $4.53bn -9.4% -0.3%
ServiceNow $15.43bn 21.8% 22.1%
Pagseguro Digital Ltd. $3.66bn 4.3% —

Compare with peers

Head to head: FTNT vs PANWFTNT vs GENDOX vs FTNTFTNT vs NOW

More: Systems Software stocks compared, Technology sector, rankings of US companies

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.