FORTINET, INC. — Earnings
Most recent reported period: FY2025 (Q4) (filed for period ending 2025-12-31) · sourced from SEC EDGAR
Next earnings (estimated): Wed, April 1, 2026 — 30 days overdue (likely already filed but EDGAR cache cold). Anchored to latest quarter-end + 91 days. Analyst-confirmed dates land in a follow-up wave.
YoY = vs same quarter prior year (seasonality-adjusted)
Recent earnings · last 8 quarters
| Quarter end | Revenue | YoY | Net Income | YoY | Op. Margin |
|---|---|---|---|---|---|
| 2025-12-31 | $1.91B | ↑+14.8% | $506M | ↓-3.8% | 32.8% |
| 2025-09-30 | $1.72B | ↑+14.4% | $474M | ↓-12.2% | 31.7% |
| 2025-06-30 | $1.63B | ↑+13.6% | $440M | ↑+15.9% | 28.1% |
| 2025-03-31 | $1.54B | ↑+13.8% | $433M | ↑+44.8% | 29.5% |
| 2024-12-31 | $1.66B | ↑+17.3% | $526M | ↑+69.3% | 34.6% |
| 2024-09-30 | $1.51B | ↑+13.0% | $540M | ↑+67.2% | 31.2% |
| 2024-06-30 | $1.43B | ↑+10.9% | $380M | ↑+42.6% | 30.5% |
| 2024-03-31 | $1.35B | ↑+7.2% | $299M | ↑+20.8% | 23.7% |
Analyst consensus estimates (EPS / Revenue) and implied move from options will land in a follow-up wave. For now, YoY-vs-prior-year-quarter is the surprise proxy.
Last earnings · FY2025 (Q4)
Revenue
$1.91B
↑+14.8% +$245M YoY
Net Income
$506M
↓-3.8% -$20M YoY
Earnings surprise · last 8 quarters
YoY % change · proxy for analyst surprise until estimates landEPS history · last 10 fiscal years
diluted, GAAP, annualNote: EPS reflects WEIGHTED-AVERAGE diluted shares for each fiscal year. Pre-stock- split values can blow up the early bars if SEC's XBRL data isn't split-adjusted — flagged as a known limitation; cumulative split-adjustment is a follow-up.
Margin trends · 63 quarters
margin trajectory tells the operating-leverage storyGross Margin↓-1.5pts
79.6%
Operating Margin↓-1.7pts
32.8%
Net Margin↓-5.1pts
26.6%
Go deeper
FTNT Sankey — flow of dollars
See how revenue waterfalls through every line item to net income for the latest reported quarter, with prior-period comparison.
Open SankeyFTNT Key Metrics — EPS, ROE, ROIC
10 CFA-grade fundamental ratios — EPS, BVPS, ROE, ROA, ROIC, Debt/Equity, Current Ratio. Compare across years.
Open Key Metrics