Fortinet annual r&d spending
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2025
Fortinet R&D Spending Growth & History (FTNT)
Fortinet's r&d spending was $815.5M for fiscal 2025.
View full Fortinet company overviewFortinet annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $815.5M | $98.7M | +13.77% |
| 2024 | 2024-12-31 | $716.8M | $103.0M | +16.78% |
| 2023 | 2023-12-31 | $613.8M | $101.4M | +19.79% |
| 2022 | 2022-12-31 | $512.4M | $88.2M | +20.79% |
| 2021 | 2021-12-31 | $424.2M | $82.8M | +24.25% |
| 2020 | 2020-12-31 | $341.4M | $64.3M | +23.20% |
| 2019 | 2019-12-31 | $277.1M | $32.6M | +13.33% |
| 2018 | 2018-12-31 | $244.5M | $33.9M | +16.10% |
| 2017 | 2017-12-31 | $210.6M | $27.5M | +15.02% |
| 2016 | 2016-12-31 | $183.1M | $25.0M | +15.79% |
| 2015 | 2015-12-31 | $158.1M | $35.2M | +28.69% |
| 2014 | 2014-12-31 | $122.9M | $20.2M | +19.70% |
| 2013 | 2013-12-31 | $102.7M | $21.6M | +26.62% |
| 2012 | 2012-12-31 | $81.1M | $17.5M | +27.53% |
| 2011 | 2011-12-31 | $63.6M | $13.8M | +27.66% |
| 2010 | 2010-12-31 | $49.8M | $7.6M | +18.03% |
| 2009 | 2009-12-31 | $42.2M | — | — |
Fortinet quarterly r&d spending
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Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $225.0M | $15.5M | +7.40% |
| Q1 2026 | 2026-03-31 | $214.0M | $15.4M | +7.75% |
| Q4 2025 | 2025-12-31 | $205.0M | $13.9M | +7.27% |
| Q3 2025 | 2025-09-30 | $202.4M | $15.1M | +8.06% |
| Q2 2025 | 2025-06-30 | $209.5M | $44.1M | +26.66% |
| Q1 2025 | 2025-03-31 | $198.6M | $25.6M | +14.80% |
| Q4 2024 | 2024-12-31 | $191.1M | $38.6M | +25.31% |
| Q3 2024 | 2024-09-30 | $187.3M | $30.4M | +19.38% |
| Q2 2024 | 2024-06-30 | $165.4M | $12.1M | +7.89% |
| Q1 2024 | 2024-03-31 | $173.0M | $21.9M | +14.49% |
| Q4 2023 | 2023-12-31 | $152.5M | $23.6M | +18.31% |
| Q3 2023 | 2023-09-30 | $156.9M | $22.6M | +16.83% |
| Q2 2023 | 2023-06-30 | $153.3M | $29.0M | +23.33% |
| Q1 2023 | 2023-03-31 | $151.1M | $26.2M | +20.98% |
| Q4 2022 | 2022-12-31 | $128.9M | $16.3M | +14.48% |
| Q3 2022 | 2022-09-30 | $134.3M | $26.5M | +24.58% |
| Q2 2022 | 2022-06-30 | $124.3M | $17.7M | +16.60% |
| Q1 2022 | 2022-03-31 | $124.9M | $27.7M | +28.50% |
| Q4 2021 | 2021-12-31 | $112.6M | $23.6M | +26.52% |
| Q3 2021 | 2021-09-30 | $107.8M | $17.8M | +19.78% |
| Q2 2021 | 2021-06-30 | $106.6M | $24.5M | +29.84% |
| Q1 2021 | 2021-03-31 | $97.2M | $16.9M | +21.05% |
| Q4 2020 | 2020-12-31 | $89.0M | $17.8M | +25.00% |
| Q3 2020 | 2020-09-30 | $90.0M | $20.1M | +28.76% |
| Q2 2020 | 2020-06-30 | $82.1M | $14.7M | +21.81% |
| Q1 2020 | 2020-03-31 | $80.3M | $11.7M | +17.06% |
| Q4 2019 | 2019-12-31 | $71.2M | $5.7M | +8.70% |
| Q3 2019 | 2019-09-30 | $69.9M | $11.2M | +19.08% |
| Q2 2019 | 2019-06-30 | $67.4M | $6.2M | +10.13% |
| Q1 2019 | 2019-03-31 | $68.6M | $9.5M | +16.07% |
| Q4 2018 | 2018-12-31 | $65.5M | $10.8M | +19.74% |
| Q3 2018 | 2018-09-30 | $58.7M | $5.2M | +9.72% |
| Q2 2018 | 2018-06-30 | $61.2M | $10.0M | +19.53% |
| Q1 2018 | 2018-03-31 | $59.1M | $7.9M | +15.43% |
| Q4 2017 | 2017-12-31 | $54.7M | $9.1M | +19.94% |
| Q3 2017 | 2017-09-30 | $53.5M | $6.3M | +13.25% |
| Q2 2017 | 2017-06-30 | $51.2M | $5.7M | +12.52% |
| Q1 2017 | 2017-03-31 | $51.2M | $6.4M | +14.40% |
| Q4 2016 | 2016-12-31 | $45.6M | $2.8M | +6.52% |
| Q3 2016 | 2016-09-30 | $47.2M | $5.1M | +12.18% |
| Q2 2016 | 2016-06-30 | $45.5M | $8.1M | +21.70% |
| Q1 2016 | 2016-03-31 | $44.8M | $8.9M | +24.96% |
| Q4 2015 | 2015-12-31 | $42.8M | $9.7M | +29.36% |
| Q3 2015 | 2015-09-30 | $42.1M | $11.3M | +36.77% |
| Q2 2015 | 2015-06-30 | $37.4M | $7.5M | +24.89% |
| Q1 2015 | 2015-03-31 | $35.8M | $6.8M | +23.27% |
| Q4 2014 | 2014-12-31 | $33.1M | $5.3M | +19.28% |
| Q3 2014 | 2014-09-30 | $30.8M | $4.4M | +16.54% |
| Q2 2014 | 2014-06-30 | $29.9M | $4.8M | +19.00% |
| Q1 2014 | 2014-03-31 | $29.1M | $5.7M | +24.52% |
| Q4 2013 | 2013-12-31 | $27.7M | $7.2M | +35.19% |
| Q3 2013 | 2013-09-30 | $26.4M | $5.9M | +28.90% |
| Q2 2013 | 2013-06-30 | $25.2M | $4.8M | +23.40% |
| Q1 2013 | 2013-03-31 | $23.3M | $3.7M | +18.65% |
| Q4 2012 | 2012-12-31 | $20.5M | $4.1M | +25.31% |
| Q3 2012 | 2012-09-30 | $20.5M | $3.7M | +21.77% |
| Q2 2012 | 2012-06-30 | $20.4M | $4.4M | +27.89% |
| Q1 2012 | 2012-03-31 | $19.7M | $5.2M | +36.38% |
| Q4 2011 | 2011-12-31 | $16.4M | — | — |
| Q3 2011 | 2011-09-30 | $16.8M | $4.4M | +35.88% |
| Q2 2011 | 2011-06-30 | $15.9M | $3.3M | +25.77% |
| Q1 2011 | 2011-03-31 | $14.4M | — | — |
| Q3 2010 | 2010-09-30 | $12.4M | — | — |
| Q2 2010 | 2010-06-30 | $12.7M | — | — |
Fortinet r&d spending trends
Over the last five fiscal years, Fortinet's r&d spending increased from $341.4M to $815.5M, a change of $474.1M. The latest reported quarter, Q2 2026, shows $225.0M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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