Name: FTNT Income Statement - Fortinet Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

JavaScript is disabled. Some features may not work properly. For the best experience, please enable JavaScript in your browser.

FTNT - Fortinet, Inc.

USD | NASDAQ | Technology

FTNT Income Statement - Fortinet Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16	Q3 FY 16	Q2 FY 16
Revenues
Revenues	1,849.6	1,905.0	1,724.9	1,630.0	1,539.7	1,660.1	1,508.1	1,434.3	1,353.3	1,415.1	1,334.6	1,292.8	1,262.3	1,283.0	1,149.5	1,030.1

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenues
Revenues	7,109.5	6,799.6	5,955.8	5,304.8	4,417.4	3,342.2	2,594.4	2,163.0	1,804.6	1,494.9	1,275.4	1,009.3	770.4	615.3	533.6	433.6	324.7	252.1
Cost of Revenue	1,400.3	1,328.9	1,157.6	1,237.2	1,084.9	783.0	570.0	505.9	450.4	385.3	337.8	286.8	231.0	180.6	147.4	113.6	85.2	70.0
Gross Profit	5,709.2	5,470.7	4,798.2	4,067.6	3,332.5	2,559.2	2,024.4	1,657.1	1,354.2	1,109.6	937.6	722.5	539.4	434.7	386.2	320.0
Operating Expenses
Research & Development	830.9	815.5	716.8	613.8	512.4	424.2	341.4	277.1	244.5	210.6	183.1	158.1	122.9	102.7	81.1
Operating Income
Operating Income	2,210.9	2,084.7	1,803.4	1,241.1	969.6	650.4	531.8	351.0	234.4	109.8	42.9	14.9	59.3	72.1
Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax & Net
Income Tax Expense	464.6	439.1	283.9	143.8	30.8	14.1	53.2	54.3	(80.6)	92.6	10.9	9.0	36.2	31.7	38.2
Per Share
EPS Basic	2.65	2.45	2.28	1.47	1.08	0.74	0.60	1.94	1.98	0.18	0.19	0.05	0.15	0.27	0.42	0.41
Supplementary Data
EBITDA	2,366.9	2,236.7	1,926.2	1,354.5	1,073.9	734.8	600.6	412.6	290.1	165.3	91.4	46.5	81.4	87.7	112.0	95.9

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	214.0	205.0	202.4	209.5	198.6	191.1	187.3	165.4	173.0	152.5	156.9	153.3	151.1	128.9	134.3	124.3	124.9	112.6	107.8	106.6	97.2	89.0	90.0	82.1	80.3	71.2	69.9	67.4	68.6	65.5	58.7	61.2	59.1	54.7	53.5	51.2	51.2	45.6	47.2	45.5
Selling General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Selling & Marketing	636.3	629.3	583.5	592.0	542.7	526.5	515.9	501.3	501.1	507.4	504.4	515.9	478.3	455.9	427.1	415.5	387.6
General & Administrative	56.2	57.3	61.4	56.9	57.8	55.1	71.7	56.6	54.4	55.1	53.5	49.9	52.8	44.3	40.7	45.4	38.6
Depreciation & Amortization	39.8	39.5	38.4	38.3	35.8	35.2	29.8	29.2	28.6	39.1	23.9	22.9	27.5	38.5	21.2	19.1
Amortization of Intangibles	10.3	12.6	13.1	13.2	11.8	11.5	5.3	3.3	3.0	5.3	4.4	4.5	4.7	5.7	5.2	6.0	6.4
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	905.1	890.2	845.9	857.1	792.8	771.5	773.8	722.1	727.4	713.8	713.7	718.0	681.0	627.9	601.0	584.0

Operating Income
Operating Income	580.0	625.6	547.3	458.0	453.8	574.1	470.9	437.2	321.2	385.4	303.2	279.0	273.5	357.8	265.5	195.3	151.0	214.9	166.4	147.5	121.6	169.4	126.9	118.8	116.7	124.6	100.6	75.2	50.6	88.5	62.8	50.7	32.4	42.2	33.7	28.5	5.4	45.1	5.5	(4.0)

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	4.2	4.4	6.2	4.6	4.9	4.9	5.0	5.0	5.1	5.4	5.4	5.2	5.0	4.5	4.5	4.5	4.5	4.5
Income From Equity Investments	(0.1)	0.0	(0.2)	(0.1)	10.6	(5.5)	(5.3)	(12.0)	(6.6)	(9.5)	(5.2)	(5.3)	(22.1)	(45.2)	(6.3)	(8.1)
Other Non-Operating Income	47.9	(2.7)	13.0	18.9	26.1	6.9	118.1	(2.2)	(2.9)	5.1	(7.0)	(6.2)	2.0	5.8	(0.9)	(9.3)	(9.1)
Pre-Tax Income	656.6	650.8	594.8	517.3	519.3	618.4	626.4	468.3	345.4	415.6	327.8	299.2	291.1	368.2	264.7	183.9

Tax & Net
Income Tax Expense	122.0	144.8	120.7	77.1	96.5	86.7	81.2	76.5	39.5	95.2	(0.3)	27.6	21.3	9.2	27.3	2.4	(8.1)	3.7	(9.3)	7.5	12.2	25.0	5.0	9.9	13.3	13.9	25.8	13.1	1.5	(89.8)	11.9	2.2	(4.9)	74.0	11.3	9.9	(2.6)	18.3	0.3	(2.3)
Net Income From Continuing Ops	534.5	506.0	473.9	440.1	433.4	526.2	539.9	379.8	299.3	310.9	322.9	266.3	247.7	313.8	231.1	173.4	138.3
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	534.5	506.0	473.9	440.1	433.4	526.2	539.9	379.8	299.3	310.9	322.9	266.3	247.7	313.8	231.1	173.4	138.3
Net Income Attributable To Parent	534.5	506.0	473.9	440.1	433.4	526.2	539.9	379.8	299.3	310.9	322.9	266.3	247.7	313.8	231.6	173.5
Less: Minority Interest	-	-	-	-	-	-	-	-	-	0.0	0.0	0.0	0.0	0.0	(0.5)	(0.1)	(0.1)	(0.2)
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	534.5	506.0	473.9	440.1	433.4	526.2	539.9	379.8	299.3	310.9	322.9	266.3	247.7	313.8	231.6

Per Share
EPS Basic	0.72	-	0.63	0.57	0.56	-	0.71	0.50	0.39	-	0.41	0.34	0.32	-	0.29	0.22	0.17	-	0.20	0.17	0.66	-	0.76	0.70	0.61	-	0.47	0.42	0.35	-	0.35	0.29	0.25	-	0.15	0.13	0.06	-	0.04	(0.01)
EPS Diluted	0.72	-	0.62	0.57	0.56	-	0.70	0.49	0.39	-	0.41	0.33	0.31	-	0.29	0.21	0.17	-
Shares Basic	738.8	-	755.5	765.5	768.3	-	765.0	763.8	762.4	-	781.2	785.0	783.2	-	786.2	795.4	803.4	-
Shares Diluted	742.8	-	761.2	772.7	776.8	-	771.9	769.9	770.5	-	791.2	795.9	793.4	-	798.6	810.1	820.8	-

Supplementary Data
EBITDA	619.8	665.1	585.7	496.3	489.6	609.3	500.7	466.4	349.8	424.5	327.1	301.9	301.0	396.3	286.7	214.4	176.5	248.6	184.5	162.8	138.9	192.6	140.8	132.9	134.3	145.4	113.4	87.5	66.3	107.4	74.6	62.5	45.6	60.7	45.4	40.3	18.9	63.9	15.7	5.0
EBIT	580.0	625.6	547.3	458.0	453.8	574.1	470.9	437.2	321.2	385.4	303.2	279.0	273.5	357.8	265.5	195.3	151.0	214.9	166.4