Fortinet annual operating expenses
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Fortinet Operating Expenses Growth & History (FTNT)
Fortinet's operating expenses was $3.39B for fiscal 2025.
View full Fortinet company overviewFortinet annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.39B | $391.2M | +13.06% |
| 2024 | 2024-12-31 | $2.99B | $168.3M | +5.95% |
| 2023 | 2023-12-31 | $2.83B | $463.6M | +19.62% |
| 2022 | 2022-12-31 | $2.36B | $454.1M | +23.79% |
| 2021 | 2021-12-31 | $1.91B | $416.2M | +27.88% |
| 2020 | 2020-12-31 | $1.49B | $186.5M | +14.28% |
| 2019 | 2019-12-31 | $1.31B | $186.3M | +16.64% |
| 2018 | 2018-12-31 | $1.12B | $120.0M | +12.00% |
| 2017 | 2017-12-31 | $999.8M | $105.1M | +11.75% |
| 2016 | 2016-12-31 | $894.7M | $187.1M | +26.44% |
| 2015 | 2015-12-31 | $707.6M | $227.6M | +47.41% |
| 2014 | 2014-12-31 | $480.0M | $117.5M | +32.40% |
| 2013 | 2013-12-31 | $362.6M | $76.8M | +26.88% |
| 2012 | 2012-12-31 | $285.7M | $54.7M | +23.66% |
| 2011 | 2011-12-31 | $231.1M | $46.9M | +25.48% |
| 2010 | 2010-12-31 | $184.1M | $27.3M | +17.44% |
| 2009 | 2009-12-31 | $156.8M | — | — |
Fortinet quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $953.9M | $96.8M | +11.29% |
| Q1 2026 | 2026-03-31 | $905.1M | $112.3M | +14.16% |
| Q4 2025 | 2025-12-31 | $890.2M | $118.7M | +15.39% |
| Q3 2025 | 2025-09-30 | $845.9M | $72.1M | +9.32% |
| Q2 2025 | 2025-06-30 | $857.1M | $135.0M | +18.70% |
| Q1 2025 | 2025-03-31 | $792.8M | $65.4M | +8.99% |
| Q4 2024 | 2024-12-31 | $771.5M | $57.7M | +8.08% |
| Q3 2024 | 2024-09-30 | $773.8M | $60.1M | +8.42% |
| Q2 2024 | 2024-06-30 | $722.1M | $4.1M | +0.57% |
| Q1 2024 | 2024-03-31 | $727.4M | $46.4M | +6.81% |
| Q4 2023 | 2023-12-31 | $713.8M | $85.9M | +13.68% |
| Q3 2023 | 2023-09-30 | $713.7M | $112.7M | +18.75% |
| Q2 2023 | 2023-06-30 | $718.0M | $134.0M | +22.95% |
| Q1 2023 | 2023-03-31 | $681.0M | $131.0M | +23.82% |
| Q4 2022 | 2022-12-31 | $627.9M | $107.5M | +20.66% |
| Q3 2022 | 2022-09-30 | $601.0M | $111.4M | +22.75% |
| Q2 2022 | 2022-06-30 | $584.0M | $117.3M | +25.13% |
| Q1 2022 | 2022-03-31 | $550.0M | $117.9M | +27.29% |
| Q4 2021 | 2021-12-31 | $520.4M | $108.8M | +26.43% |
| Q3 2021 | 2021-09-30 | $489.6M | $104.6M | +27.17% |
| Q2 2021 | 2021-06-30 | $466.7M | $103.0M | +28.32% |
| Q1 2021 | 2021-03-31 | $432.1M | $99.8M | +30.03% |
| Q4 2020 | 2020-12-31 | $411.6M | $56.1M | +15.78% |
| Q3 2020 | 2020-09-30 | $385.0M | $61.6M | +19.05% |
| Q2 2020 | 2020-06-30 | $363.7M | $45.5M | +14.30% |
| Q1 2020 | 2020-03-31 | $332.3M | $23.3M | +7.54% |
| Q4 2019 | 2019-12-31 | $355.5M | $62.1M | +21.17% |
| Q3 2019 | 2019-09-30 | $323.4M | $43.9M | +15.71% |
| Q2 2019 | 2019-06-30 | $318.2M | $40.7M | +14.67% |
| Q1 2019 | 2019-03-31 | $309.0M | $39.6M | +14.70% |
| Q4 2018 | 2018-12-31 | $293.4M | $24.4M | +9.07% |
| Q3 2018 | 2018-09-30 | $279.5M | $32.6M | +13.20% |
| Q2 2018 | 2018-06-30 | $277.5M | $38.2M | +15.96% |
| Q1 2018 | 2018-03-31 | $269.4M | $24.8M | +10.14% |
| Q4 2017 | 2017-12-31 | $269.0M | $42.2M | +18.62% |
| Q3 2017 | 2017-09-30 | $246.9M | $20.5M | +9.07% |
| Q2 2017 | 2017-06-30 | $239.3M | $8.4M | +3.62% |
| Q1 2017 | 2017-03-31 | $244.6M | $34.0M | +16.13% |
| Q4 2016 | 2016-12-31 | $226.8M | $25.1M | +12.44% |
| Q3 2016 | 2016-09-30 | $226.4M | $36.2M | +19.01% |
| Q2 2016 | 2016-06-30 | $230.9M | $63.6M | +38.01% |
| Q1 2016 | 2016-03-31 | $210.6M | $62.2M | +41.94% |
| Q4 2015 | 2015-12-31 | $201.7M | $63.3M | +45.70% |
| Q3 2015 | 2015-09-30 | $190.2M | $69.2M | +57.18% |
| Q2 2015 | 2015-06-30 | $167.3M | $52.1M | +45.26% |
| Q1 2015 | 2015-03-31 | $148.4M | $43.0M | +40.80% |
| Q4 2014 | 2014-12-31 | $138.4M | $39.6M | +40.07% |
| Q3 2014 | 2014-09-30 | $121.0M | $28.5M | +30.84% |
| Q2 2014 | 2014-06-30 | $115.2M | $25.3M | +28.08% |
| Q1 2014 | 2014-03-31 | $105.4M | $24.1M | +29.63% |
| Q4 2013 | 2013-12-31 | $98.8M | $24.1M | +32.34% |
| Q3 2013 | 2013-09-30 | $92.5M | $19.8M | +27.24% |
| Q2 2013 | 2013-06-30 | $89.9M | $19.1M | +26.89% |
| Q1 2013 | 2013-03-31 | $81.3M | $13.8M | +20.47% |
| Q4 2012 | 2012-12-31 | $74.7M | $12.8M | +20.73% |
| Q3 2012 | 2012-09-30 | $72.7M | $13.6M | +22.94% |
| Q2 2012 | 2012-06-30 | $70.9M | $13.2M | +22.88% |
| Q1 2012 | 2012-03-31 | $67.5M | $15.1M | +28.78% |
| Q4 2011 | 2011-12-31 | $61.9M | — | — |
| Q3 2011 | 2011-09-30 | $59.1M | $13.8M | +30.32% |
| Q2 2011 | 2011-06-30 | $57.7M | $11.3M | +24.36% |
| Q1 2011 | 2011-03-31 | $52.4M | — | — |
| Q3 2010 | 2010-09-30 | $45.4M | — | — |
| Q2 2010 | 2010-06-30 | $46.4M | — | — |
Fortinet operating expenses trends
Over the last five fiscal years, Fortinet's operating expenses increased from $1.49B to $3.39B, a change of $1.89B. The latest reported quarter, Q2 2026, shows $953.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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