Fortinet (FTNT) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Fortinet Revenue Highlights

Latest Revenue (Y)

$6.80B

Latest Revenue (Q)

$1.72B

Main Segment (Y)

Security Subscription

Main Geography (Y)

Europe, Middle East and Africa

Fortinet Revenue by Period

Fortinet Revenue by Year

Date	Revenue	Change
2025-12-31	$6.80B	14.17%
2024-12-31	$5.96B	12.27%
2023-12-31	$5.30B	20.09%
2022-12-31	$4.42B	32.17%
2021-12-31	$3.34B	28.82%
2020-12-31	$2.59B	19.94%
2019-12-31	$2.16B	19.86%
2018-12-31	$1.80B	20.72%
2017-12-31	$1.49B	17.21%
2016-12-31	$1.28B	26.37%
2015-12-31	$1.01B	31.01%
2014-12-31	$770.36M	25.20%
2013-12-31	$615.30M	15.30%
2012-12-31	$533.64M	23.08%
2011-12-31	$433.58M	33.53%
2010-12-31	$324.70M	28.79%
2009-12-31	$252.12M	19.04%
2008-12-31	$211.79M	36.32%
2007-12-31	$155.37M	25.84%
2006-12-31	$123.47M	-

Fortinet generated $6.80B in revenue during NA 2025, up 14.17% compared to the previous quarter, and up 262.09% compared to the same period a year ago.

Fortinet Revenue by Quarter

Date	Revenue	Change
2025-09-30	$1.72B	5.82%
2025-06-30	$1.63B	5.86%
2025-03-31	$1.54B	-7.25%
2024-12-31	$1.66B	10.08%
2024-09-30	$1.51B	5.15%
2024-06-30	$1.43B	5.99%
2024-03-31	$1.35B	-4.37%
2023-12-31	$1.42B	6.03%
2023-09-30	$1.33B	3.23%
2023-06-30	$1.29B	2.42%
2023-03-31	$1.26B	-1.61%
2022-12-31	$1.28B	11.61%
2022-09-30	$1.15B	11.59%
2022-06-30	$1.03B	7.89%
2022-03-31	$954.80M	-0.91%
2021-12-31	$963.60M	11.12%
2021-09-30	$867.20M	8.25%
2021-06-30	$801.10M	12.78%
2021-03-31	$710.30M	-5.04%
2020-12-31	$748.00M	14.88%
2020-09-30	$651.10M	5.42%
2020-06-30	$617.60M	6.91%
2020-03-31	$577.70M	-5.97%
2019-12-31	$614.40M	12.10%
2019-09-30	$548.10M	5.06%
2019-06-30	$521.70M	10.39%
2019-03-31	$472.60M	-6.79%
2018-12-31	$507.00M	11.70%
2018-09-30	$453.90M	2.86%
2018-06-30	$441.30M	10.60%
2018-03-31	$399.00M	-4.24%
2017-12-31	$416.67M	11.34%
2017-09-30	$374.22M	2.96%
2017-06-30	$363.47M	6.72%
2017-03-31	$340.58M	-6.13%
2016-12-31	$362.83M	14.59%
2016-09-30	$316.65M	1.69%
2016-06-30	$311.39M	9.42%
2016-03-31	$284.58M	-4.03%
2015-12-31	$296.53M	14.02%
2015-09-30	$260.07M	8.46%
2015-06-30	$239.78M	12.64%
2015-03-31	$212.89M	-4.95%
2014-12-31	$223.97M	15.84%
2014-09-30	$193.35M	5.02%
2014-06-30	$184.10M	8.97%
2014-03-31	$168.95M	-4.74%
2013-12-31	$177.35M	14.64%
2013-09-30	$154.70M	4.93%
2013-06-30	$147.43M	8.55%
2013-03-31	$135.82M	-10.15%
2012-12-31	$151.16M	10.93%
2012-09-30	$136.27M	5.67%
2012-06-30	$128.96M	9.99%
2012-03-31	$117.25M	-2.99%
2011-12-31	$120.86M	3.81%
2011-09-30	$116.43M	13.01%
2011-06-30	$103.02M	10.46%
2011-03-31	$93.27M	-0.36%
2010-12-31	$93.60M	10.15%
2010-09-30	$84.97M	11.32%
2010-06-30	$76.33M	9.36%
2010-03-31	$69.80M	-1.30%
2009-12-31	$70.71M	7.36%
2009-09-30	$65.86M	7.37%
2009-06-30	$61.34M	13.20%
2009-03-31	$54.19M	-8.25%
2008-12-31	$59.07M	8.55%
2008-09-30	$54.41M	-

Fortinet generated $1.72B in revenue during Q3 2025, up 5.82% compared to the previous quarter, and up 120.26% compared to the same period a year ago.

Fortinet Revenue Breakdown

Fortinet Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Product	$2.22B	$1.91B	$1.93B	$1.78B	$1.25B
Security Subscription	$2.63B	$2.32B	$1.90B	$1.43B	$1.13B
Technical Support and Other	$1.95B	$1.73B	$1.48B	$1.21B	$962.20M
Service	-	$4.05B	$3.38B	$2.64B	$2.09B

Fortinet's latest annual revenue breakdown by segment (product or service), as of Dec 25: Security Subscription (38.73%), Product (32.63%), and Technical Support and Other (28.65%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Security Subscription	$693.70M	$672.00M	$644.40M	$623.10M	$1.18B	$595.80M	$536.90M	$524.50M	$494.60M	$457.30M	$421.70M	$403.90M	$369.80M	$340.40M	$312.90M	$309.40M	$287.40M	-	-	-
Technical Support and Other	$520.20M	$493.60M	$476.70M	$457.50M	$884.50M	$438.40M	$407.50M	$402.50M	$374.10M	$362.90M	$339.90M	$311.00M	$289.00M	$270.90M	$242.70M	-	-	-	-	-
Product	$691.10M	$559.30M	$508.90M	$459.10M	$1.03B	$473.90M	$408.90M	$488.10M	$465.90M	$472.60M	$500.70M	$540.10M	$468.70M	$400.70M	$371.00M	$378.90M	$337.10M	$298.30M	$240.70M	$288.40M
Service	-	$1.17B	$1.12B	$1.08B	$2.07B	$1.03B	$944.40M	$927.00M	$868.70M	$820.20M	$761.60M	$742.90M	$680.80M	$629.40M	$583.80M	$584.70M	$530.10M	$502.80M	$469.60M	$459.60M

Fortinet's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Security Subscription (36.41%), Product (36.28%), and Technical Support and Other (27.31%).

Fortinet Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
Europe, Middle East and Africa	$2.83B	$2.40B	$2.07B	$1.69B	$1.28B
Americas	$2.70B	$2.44B	$3.78B	$1.78B	$1.36B
Asia Pacific and Japan	$1.26B	$1.12B	$1.06B	$940.60M	$707.50M
Other Americas	-	$663.30M	$569.30M	$460.00M	$352.00M
UNITED STATES	-	-	$1.61B	$1.32B	$1.01B

Fortinet's latest annual revenue breakdown by geography, as of Dec 25: Europe, Middle East and Africa (41.68%), Americas (39.71%), and Asia Pacific and Japan (18.60%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Europe, Middle East and Africa	$825.10M	$713.70M	$667.10M	$628.40M	$1.86B	$539.40M	$575.60M	$512.20M	$506.90M	$478.20M	$510.10M	$443.90M	$391.80M	$346.00M	$370.80M	$323.20M	$306.20M	$275.70M	$298.40M	-
Americas	$731.30M	$680.50M	$658.80M	$629.80M	$2.18B	$1.08B	$964.10M	$985.40M	$545.60M	$537.00M	$523.50M	$521.20M	$467.60M	$413.60M	$382.60M	$380.80M	$350.10M	$337.00M	$290.90M	$301.20M
Asia Pacific and Japan	$348.60M	$330.70M	$304.10M	$281.50M	$860.50M	$256.90M	$270.40M	$276.80M	$248.90M	$260.60M	$251.70M	$238.00M	$224.70M	$226.20M	$212.00M	$193.90M	$157.90M	$143.70M	$148.40M	-
Other Americas	-	-	-	$174.40M	$344.50M	$168.90M	$149.90M	$152.80M	$144.80M	$132.30M	$139.40M	$139.00M	$123.50M	$100.70M	$96.80M	$96.60M	$91.70M	$85.30M	$78.40M	$77.00M
UNITED STATES	-	-	-	-	-	-	-	$416.30M	$400.80M	$404.70M	$384.10M	$382.20M	$344.10M	$312.90M	$285.80M	$284.20M	$258.40M	$251.70M	$212.50M	$224.20M

Fortinet's latest quarterly revenue breakdown by geography, as of Dec 25: Europe, Middle East and Africa (43.31%), Americas (38.39%), and Asia Pacific and Japan (18.30%).

Fortinet Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
XYZ	Block	$24.19B	$6.11B
INFY	Infosys	$18.56B	$4.57B
TEL	TE Connectivity	$17.09B	$4.67B
MSI	Motorola Solutions	$11.68B	$3.01B
WDAY	Workday	$9.55B	$2.43B
STX	Seagate Technology	$9.10B	$2.83B
ADSK	Autodesk	$7.21B	$1.85B
FTNT	Fortinet	$6.80B	$1.72B
SNPS	Synopsys	$5.84B	$2.41B
CRWV	CoreWeave, Inc. Class A	$5.13B	$1.36B
MSTR	Strategy	$477.23M	$128.69M

FTNT Revenue FAQ

What is Fortinet’s yearly revenue?

Fortinet's yearly revenue for 2025 was $6.8B, representing an increase of 14.17% compared to 2024. The company's yearly revenue for 2024 was $5.96B, representing an increase of 12.27% compared to 2023. FTNT's yearly revenue for 2023 was $5.3B, representing an increase of 20.09% compared to 2022.

What is Fortinet’s quarterly revenue?

Fortinet's quarterly revenue for Q3 2025 was $1.72B, a 5.82% increase from the previous quarter (Q2 2025), and a 14.38% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.63B, a 5.86% increase from the previous quarter (Q1 2025), and a 13.64% increase year-over-year (Q2 2024). FTNT's quarterly revenue for Q1 2025 was $1.54B, a -7.25% decrease from the previous quarter (Q4 2024), and a 13.77% increase year-over-year (Q1 2024).

What is Fortinet’s revenue growth rate?

Fortinet's revenue growth rate for the last 3 years (2023-2025) was 28.18%, and for the last 5 years (2021-2025) was 103.45%.

What are Fortinet’s revenue streams?

Fortinet's revenue streams in c 25 are Product, Security Subscription, and Technical Support and Other. Product generated $2.22B in revenue, accounting 32.63% of the company's total revenue, up 16.23% year-over-year. Security Subscription generated $2.63B in revenue, accounting 38.73% of the company's total revenue, up 13.66% year-over-year. Technical Support and Other generated $1.95B in revenue, accounting 28.65% of the company's total revenue, up 12.58% year-over-year.

What is Fortinet’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Fortinet was Security Subscription. This segment made a revenue of $2.63B, representing 38.73% of the company's total revenue.