Fortinet, Inc. (FTNT) Earnings History
Elite Compounder19 years of earnings data (2007–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Fortinet, Inc. (FTNT) Earnings Overview
As of September 23, 2026, Fortinet, Inc. (FTNT) reported trailing twelve-month net income of $2.12B, reflecting +7.5% year-over-year growth. The company earned $2.86 per diluted share over the past four quarters, with a net profit margin of 27.3%.
Looking at the long-term picture, FTNT's 5-year EPS compound annual growth rate (CAGR) stands at +33.2%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.85B in fiscal 2025, representing a new all-time high.
Fortinet, Inc. maintains industry-leading profitability with a gross margin of 80.8%, operating margin of 30.6%, and net margin of 27.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including PANW ($307M net income, 12.3% margin), CHKP ($1.05B net income, 38.8% margin), CSCO ($13.27B net income, 21.0% margin), FTNT has outperformed on profitability metrics. Compare FTNT vs PANW →
FTNT Earnings vs Peers
Earnings metrics vs comparable public companies
FTNT Historical Earnings Data (2007–2025)
19 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.85B | +6.2% | $2.08B | $2.43 | 27.3% | 30.6% |
| 2024 | $1.75B | +52.0% | $1.80B | $2.26 | 29.3% | 30.3% |
| 2023 | $1.15B | +33.9% | $1.24B | $1.46 | 21.6% | 23.4% |
| 2022 | $857M | +41.3% | $970M | $1.06 | 19.4% | 21.9% |
| 2021 | $607M | +24.2% | $650M | $0.73 | 18.2% | 19.5% |
| 2020 | $489M | +47.3% | $532M | $0.58 | 18.8% | 20.5% |
| 2019 | $332M | -1.0% | $351M | $0.38 | 15.3% | 16.2% |
| 2018 | $335M | +966.6% | $234M | $0.38 | 18.6% | 13.0% |
| 2017 | $31M | -2.5% | $110M | $0.04 | 2.1% | 7.3% |
| 2016 | $32M | +303.2% | $43M | $0.04 | 2.5% | 3.4% |
| 2015 | $8M | -68.5% | $15M | $0.01 | 0.8% | 1.5% |
| 2014 | $25M | -42.8% | $59M | $0.03 | 3.3% | 7.7% |
| 2013 | $44M | -33.8% | $72M | $0.05 | 7.2% | 11.7% |
| 2012 | $67M | +7.0% | $100M | $0.08 | 12.5% | 18.8% |
| 2011 | $62M | +51.5% | $89M | $0.08 | 14.4% | 20.5% |
| 2010 | $41M | -31.5% | $55M | $0.05 | 12.7% | 17.0% |
| 2009 | $60M | +717.3% | $25M | $0.09 | 23.9% | 10.0% |
| 2008 | $7M | +133.7% | $5M | $0.01 | 3.5% | 2.3% |
| 2007 | -$22M | - | -$22M | $-0.03 | -14.1% | -13.9% |
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FTNT — Frequently Asked Questions
Quick answers to the most common questions about buying FTNT stock.
What is FTNT earnings per share (EPS)?
FTNT trailing twelve-month (TTM) diluted EPS is $2.86, reflecting +7.5% year-over-year growth. The 5-year EPS CAGR is +33.2%. Complete EPS history from 2007 to 2025 is available in the table on this page.
What is Fortinet, Inc.'s net income?
Fortinet, Inc. (FTNT) trailing twelve-month net income is $2.1B as of 2025. Earnings grew +7.5% year-over-year. Fortinet, Inc. has been profitable for 18 consecutive years.
Is FTNT profitable?
Yes, FTNT is profitable with a TTM net income of $2.1B and a net profit margin of +27.3%. Fortinet, Inc. has generated profits for 18 consecutive years.
What is FTNT's earnings growth rate?
FTNT compound annual EPS growth rates (CAGR): 1-Year: +7.5%, 3-Year: +31.9%, 5-Year: +33.2%, 10-Year: +73.2%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2007 to 2025.
What are FTNT's profit margins?
Fortinet, Inc. net profit margin is +27.3%, operating margin is +30.6%, and gross margin is +80.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +135.7%.
Is FTNT growing earnings?
FTNT is growing earnings steadily. YoY EPS growth of +7.5% is consistent with the 5-year CAGR of +33.2%. TTM net income is $2.1B.
What was FTNT's best earnings year?
Fortinet, Inc.'s highest annual net income on record is $1.9B, achieved in fiscal year 2025. Earnings history on this page spans 2007 to 2025 and includes all annual and quarterly figures.
What were FTNT's earnings last quarter?
FTNT's most recent reported quarter was Q2 2026. Net income was $606M with diluted EPS of $0.82. For a full breakdown of all quarters, see the quarterly earnings table on this page.