Fortinet annual gross margin
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2025
Fortinet Gross Margin Growth & History (FTNT)
Fortinet's gross margin was 80.46% for fiscal 2025.
View full Fortinet company overviewFortinet annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 80.46% | −0.11 pp |
| 2024 | 2024-12-31 | 80.56% | +3.89 pp |
| 2023 | 2023-12-31 | 76.68% | +1.24 pp |
| 2022 | 2022-12-31 | 75.44% | −1.13 pp |
| 2021 | 2021-12-31 | 76.57% | −1.46 pp |
| 2020 | 2020-12-31 | 78.03% | +1.42 pp |
| 2019 | 2019-12-31 | 76.61% | +1.57 pp |
| 2018 | 2018-12-31 | 75.04% | +0.82 pp |
| 2017 | 2017-12-31 | 74.23% | +0.71 pp |
| 2016 | 2016-12-31 | 73.51% | +1.93 pp |
| 2015 | 2015-12-31 | 71.59% | +1.57 pp |
| 2014 | 2014-12-31 | 70.01% | −0.63 pp |
| 2013 | 2013-12-31 | 70.64% | −1.73 pp |
| 2012 | 2012-12-31 | 72.37% | −1.43 pp |
| 2011 | 2011-12-31 | 73.80% | +0.04 pp |
| 2010 | 2010-12-31 | 73.76% | +1.51 pp |
| 2009 | 2009-12-31 | 72.24% | — |
Fortinet quarterly gross margin
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| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 80.24% | −0.44 pp |
| Q1 2026 | 2026-03-31 | 80.29% | −0.67 pp |
| Q4 2025 | 2025-12-31 | 79.57% | −1.49 pp |
| Q3 2025 | 2025-09-30 | 80.77% | −1.76 pp |
| Q2 2025 | 2025-06-30 | 80.68% | −0.15 pp |
| Q1 2025 | 2025-03-31 | 80.96% | +3.48 pp |
| Q4 2024 | 2024-12-31 | 81.06% | +3.38 pp |
| Q3 2024 | 2024-09-30 | 82.53% | +6.34 pp |
| Q2 2024 | 2024-06-30 | 80.83% | +3.71 pp |
| Q1 2024 | 2024-03-31 | 77.48% | +1.87 pp |
| Q4 2023 | 2023-12-31 | 77.68% | +0.85 pp |
| Q3 2023 | 2023-09-30 | 76.20% | +0.81 pp |
| Q2 2023 | 2023-06-30 | 77.12% | +1.47 pp |
| Q1 2023 | 2023-03-31 | 75.62% | +2.20 pp |
| Q4 2022 | 2022-12-31 | 76.83% | +0.52 pp |
| Q3 2022 | 2022-09-30 | 75.38% | −0.27 pp |
| Q2 2022 | 2022-06-30 | 75.65% | −1.02 pp |
| Q1 2022 | 2022-03-31 | 73.42% | −4.53 pp |
| Q4 2021 | 2021-12-31 | 76.31% | −1.37 pp |
| Q3 2021 | 2021-09-30 | 75.65% | −2.98 pp |
| Q2 2021 | 2021-06-30 | 76.67% | −1.46 pp |
| Q1 2021 | 2021-03-31 | 77.95% | +0.23 pp |
| Q4 2020 | 2020-12-31 | 77.67% | +0.31 pp |
| Q3 2020 | 2020-09-30 | 78.62% | +1.26 pp |
| Q2 2020 | 2020-06-30 | 78.13% | +2.72 pp |
| Q1 2020 | 2020-03-31 | 77.72% | +1.63 pp |
| Q4 2019 | 2019-12-31 | 77.36% | +2.54 pp |
| Q3 2019 | 2019-09-30 | 77.36% | +1.95 pp |
| Q2 2019 | 2019-06-30 | 75.41% | +1.04 pp |
| Q1 2019 | 2019-03-31 | 76.09% | +0.45 pp |
| Q4 2018 | 2018-12-31 | 74.82% | +0.12 pp |
| Q3 2018 | 2018-09-30 | 75.41% | +0.43 pp |
| Q2 2018 | 2018-06-30 | 74.37% | +0.70 pp |
| Q1 2018 | 2018-03-31 | 75.64% | +2.24 pp |
| Q4 2017 | 2017-12-31 | 74.70% | −0.26 pp |
| Q3 2017 | 2017-09-30 | 74.99% | +1.77 pp |
| Q2 2017 | 2017-06-30 | 73.67% | +0.81 pp |
| Q1 2017 | 2017-03-31 | 73.40% | +0.68 pp |
| Q4 2016 | 2016-12-31 | 74.96% | +2.60 pp |
| Q3 2016 | 2016-09-30 | 73.22% | +0.79 pp |
| Q2 2016 | 2016-06-30 | 72.86% | +1.85 pp |
| Q1 2016 | 2016-03-31 | 72.72% | +2.59 pp |
| Q4 2015 | 2015-12-31 | 72.35% | +1.66 pp |
| Q3 2015 | 2015-09-30 | 72.43% | +1.85 pp |
| Q2 2015 | 2015-06-30 | 71.02% | +2.39 pp |
| Q1 2015 | 2015-03-31 | 70.12% | +0.16 pp |
| Q4 2014 | 2014-12-31 | 70.70% | +1.08 pp |
| Q3 2014 | 2014-09-30 | 70.58% | −1.02 pp |
| Q2 2014 | 2014-06-30 | 68.63% | −1.73 pp |
| Q1 2014 | 2014-03-31 | 69.97% | −1.23 pp |
| Q4 2013 | 2013-12-31 | 69.62% | −2.96 pp |
| Q3 2013 | 2013-09-30 | 71.60% | −0.65 pp |
| Q2 2013 | 2013-06-30 | 70.35% | −0.86 pp |
| Q1 2013 | 2013-03-31 | 71.19% | −2.33 pp |
| Q4 2012 | 2012-12-31 | 72.58% | −0.54 pp |
| Q3 2012 | 2012-09-30 | 72.25% | −1.00 pp |
| Q2 2012 | 2012-06-30 | 71.21% | −3.01 pp |
| Q1 2012 | 2012-03-31 | 73.52% | −1.37 pp |
| Q4 2011 | 2011-12-31 | 73.12% | −1.64 pp |
| Q3 2011 | 2011-09-30 | 73.25% | −0.33 pp |
| Q2 2011 | 2011-06-30 | 74.22% | — |
| Q1 2011 | 2011-03-31 | 74.89% | — |
| Q3 2010 | 2010-09-30 | 74.76% | — |
| Q2 2010 | 2010-06-30 | 73.58% | — |
Fortinet gross margin trends
Over the last five reported fiscal years, Fortinet's gross margin increased from 78.03% to 80.46%, a change of +2.43 percentage points. The latest reported quarter, Q2 2026, shows 80.24%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Fortinet filings at SEC.gov ↗