Fortinet annual capital expenditures (capex)
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2025
Fortinet Capital Expenditures (CapEx) Growth & History (FTNT)
Fortinet's capital expenditures (capex) was $364.8M for fiscal 2025.
View full Fortinet company overviewFortinet annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $364.8M | −$14.1M | −3.72% |
| 2024 | 2024-12-31 | $378.9M | $174.8M | +85.64% |
| 2023 | 2023-12-31 | $204.1M | −$77.1M | −27.42% |
| 2022 | 2022-12-31 | $281.2M | −$14.7M | −4.97% |
| 2021 | 2021-12-31 | $295.9M | $170.0M | +135.03% |
| 2020 | 2020-12-31 | $125.9M | $33.7M | +36.55% |
| 2019 | 2019-12-31 | $92.2M | $39.2M | +73.96% |
| 2018 | 2018-12-31 | $53.0M | −$82.3M | −60.83% |
| 2017 | 2017-12-31 | $135.3M | $68.1M | +101.34% |
| 2016 | 2016-12-31 | $67.2M | $29.8M | +79.88% |
| 2015 | 2015-12-31 | $37.4M | $5.2M | +16.03% |
| 2014 | 2014-12-31 | $32.2M | $18.3M | +132.02% |
| 2013 | 2013-12-31 | $13.9M | −$8.2M | −37.16% |
| 2012 | 2012-12-31 | $22.1M | $18.5M | +509.35% |
| 2011 | 2011-12-31 | $3.6M | −$152,000 | −4.03% |
| 2010 | 2010-12-31 | $3.8M | −$813,000 | −17.72% |
| 2009 | 2009-12-31 | $4.6M | — | — |
Fortinet quarterly capital expenditures (capex)
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Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $78.0M | −$89.8M | −53.52% |
| Q1 2026 | 2026-03-31 | $70.6M | $4.1M | +6.17% |
| Q4 2025 | 2025-12-31 | $42.8M | −$54.8M | −56.15% |
| Q3 2025 | 2025-09-30 | $87.7M | $51.4M | +141.60% |
| Q2 2025 | 2025-06-30 | $167.8M | $144.7M | +626.41% |
| Q1 2025 | 2025-03-31 | $66.5M | −$155.4M | −70.03% |
| Q4 2024 | 2024-12-31 | $97.6M | $70.7M | +262.83% |
| Q3 2024 | 2024-09-30 | $36.3M | −$33.8M | −48.22% |
| Q2 2024 | 2024-06-30 | $23.1M | −$53.7M | −69.92% |
| Q1 2024 | 2024-03-31 | $221.9M | $191.6M | +632.34% |
| Q4 2023 | 2023-12-31 | $26.9M | −$4.0M | −12.94% |
| Q3 2023 | 2023-09-30 | $70.1M | −$17.7M | −20.16% |
| Q2 2023 | 2023-06-30 | $76.8M | $36.9M | +92.48% |
| Q1 2023 | 2023-03-31 | $30.3M | −$92.3M | −75.29% |
| Q4 2022 | 2022-12-31 | $30.9M | −$120.4M | −79.58% |
| Q3 2022 | 2022-09-30 | $87.8M | $18.8M | +27.25% |
| Q2 2022 | 2022-06-30 | $39.9M | $16.4M | +69.79% |
| Q1 2022 | 2022-03-31 | $122.6M | $70.5M | +135.32% |
| Q4 2021 | 2021-12-31 | $151.3M | $119.0M | +368.42% |
| Q3 2021 | 2021-09-30 | $69.0M | $33.9M | +96.58% |
| Q2 2021 | 2021-06-30 | $23.5M | −$7.4M | −23.95% |
| Q1 2021 | 2021-03-31 | $52.1M | $24.5M | +88.77% |
| Q4 2020 | 2020-12-31 | $32.3M | −$14.9M | −31.57% |
| Q3 2020 | 2020-09-30 | $35.1M | $17.6M | +100.57% |
| Q2 2020 | 2020-06-30 | $30.9M | $13.6M | +78.61% |
| Q1 2020 | 2020-03-31 | $27.6M | $17.4M | +170.59% |
| Q4 2019 | 2019-12-31 | $47.2M | $35.6M | +306.90% |
| Q3 2019 | 2019-09-30 | $17.5M | −$700,000 | −3.85% |
| Q2 2019 | 2019-06-30 | $17.3M | $5.7M | +49.14% |
| Q1 2019 | 2019-03-31 | $10.2M | −$1.4M | −12.07% |
| Q4 2018 | 2018-12-31 | $11.6M | −$2.1M | −15.33% |
| Q3 2018 | 2018-09-30 | $18.2M | −$3.5M | −16.13% |
| Q2 2018 | 2018-06-30 | $11.6M | −$74.8M | −86.57% |
| Q1 2018 | 2018-03-31 | $11.6M | −$1.9M | −14.07% |
| Q4 2017 | 2017-12-31 | $13.7M | −$3.2M | −18.84% |
| Q3 2017 | 2017-09-30 | $21.7M | $15.8M | +266.55% |
| Q2 2017 | 2017-06-30 | $86.4M | $72.0M | +498.21% |
| Q1 2017 | 2017-03-31 | $13.5M | −$16.5M | −54.93% |
| Q4 2016 | 2016-12-31 | $16.9M | $8.5M | +102.29% |
| Q3 2016 | 2016-09-30 | $5.9M | −$7.4M | −55.57% |
| Q2 2016 | 2016-06-30 | $14.4M | $3.7M | +34.22% |
| Q1 2016 | 2016-03-31 | $30.0M | $25.0M | +508.00% |
| Q4 2015 | 2015-12-31 | $8.3M | $3.0M | +54.68% |
| Q3 2015 | 2015-09-30 | $13.3M | $7.5M | +130.54% |
| Q2 2015 | 2015-06-30 | $10.8M | $1.1M | +10.89% |
| Q1 2015 | 2015-03-31 | $4.9M | −$6.4M | −56.47% |
| Q4 2014 | 2014-12-31 | $5.4M | −$1.8M | −24.52% |
| Q3 2014 | 2014-09-30 | $5.8M | $2.6M | +82.91% |
| Q2 2014 | 2014-06-30 | $9.7M | $7.7M | +376.86% |
| Q1 2014 | 2014-03-31 | $11.3M | $9.8M | +637.81% |
| Q4 2013 | 2013-12-31 | $7.1M | $5.3M | +297.11% |
| Q3 2013 | 2013-09-30 | $3.2M | −$13.3M | −80.76% |
| Q2 2013 | 2013-06-30 | $2.0M | −$196,000 | −8.79% |
| Q1 2013 | 2013-03-31 | $1.5M | −$90,000 | −5.54% |
| Q4 2012 | 2012-12-31 | $1.8M | $961,000 | +114.54% |
| Q3 2012 | 2012-09-30 | $16.4M | $15.1M | +1130.56% |
| Q2 2012 | 2012-06-30 | $2.2M | $1.5M | +195.11% |
| Q1 2012 | 2012-03-31 | $1.6M | $930,000 | +134.01% |
| Q4 2011 | 2011-12-31 | $839,000 | — | — |
| Q3 2011 | 2011-09-30 | $1.3M | $664,000 | +98.96% |
| Q2 2011 | 2011-06-30 | $756,000 | — | — |
| Q1 2011 | 2011-03-31 | $694,000 | — | — |
| Q3 2010 | 2010-09-30 | $671,000 | — | — |
Fortinet capital expenditures (capex) trends
Over the last five fiscal years, Fortinet's capital expenditures (capex) increased from $125.9M to $364.8M, a change of $238.9M. The latest reported quarter, Q2 2026, shows $78.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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