Operating Income for Fortinet (FTNT)
According to Fortinet's latest reported financial statements, the company's current operating income (TTM) is $2.08B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
FTNT
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.08B
YoY change
+15.4%
5Y CAGR
+31.4%
Peak year (2025)
$2.08B
Cumulative operating income
$8.41B
Operating Income history chart for Fortinet (FTNT) from 2006 to 2025
Operating Income history table for Fortinet (FTNT) from 2006 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.08B | +15.4% | ||
| 2024 | $1.80B | +45.3% | ||
| 2023 | $1.24B | +28.0% | ||
| 2022 | $969.60M | +49.1% | ||
| 2021 | $650.40M | +22.3% | ||
| 2020 | $531.80M | +51.5% | ||
| 2019 | $351.00M | +49.7% | ||
| 2018 | $234.40M | +113.5% | ||
| 2017 | $109.80M | +155.9% | ||
| 2016 | $42.90M | +188.4% | ||
| 2015 | $14.88M | -74.9% | ||
| 2014 | $59.32M | -17.7% | ||
| 2013 | $72.09M | -28.3% | ||
| 2012 | $100.47M | +13.0% | ||
| 2011 | $88.90M | +60.6% | ||
| 2010 | $55.34M | +118.4% | ||
| 2009 | $25.33M | +414.2% | ||
| 2008 | $4.93M | -122.8% | ||
| 2007 | -$21.58M | +259.8% | ||
| 2006 | -$6.00M | — |
Operating Income values are taken from Fortinet's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Fortinet (FTNT) reported operating income of $2.08B – grew 15.4% year-over-year.
Fortinet operating income has grown for 10 consecutive years, with a +31.4% compound annual growth rate over 2020–2025 (5 years).
2025 marks the peak operating income at $2.08B, with the historical low of -$21.58M recorded in 2007.
Fortinet (FTNT) sits 9th of 8 Technology peers we track on this metric, against a peer median of $77.01B.
Fortinet Operating Income by Year
Fortinet Operating Income 2025: $2.08B
Fortinet operating income in 2025 was $2.08B, grew 15.4% from 2024. This figure represents the highest annual value in the available history.
Fortinet Operating Income 2024: $1.80B
Fortinet operating income in 2024 was $1.80B, surged 45.3% from 2023.
Fortinet Operating Income 2023: $1.24B
Fortinet operating income in 2023 was $1.24B, grew 28.0% from 2022.
Fortinet Operating Income 2022: $969.60M
Fortinet operating income in 2022 was $969.60M, surged 49.1% from 2021.
Fortinet Operating Income 2021: $650.40M
Fortinet operating income in 2021 was $650.40M.
See more financial history for Fortinet (FTNT).
Sector peers — Operating Income
Companies in the same sector as Fortinet, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is Fortinet's operating income?
- Latest reported operating income for Fortinet (FTNT) is $2.08B (period ending December 31, 2025).
How has Fortinet operating income changed year-over-year?
- Fortinet (FTNT) operating income changed +15.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Fortinet operating income?
- Fortinet (FTNT) operating income compound annual growth rate is +31.4% over the most recent 5 years available.
When did Fortinet operating income hit its highest annual value?
- Fortinet operating income reached its highest annual value of $2.08B in 2025.
What was Fortinet operating income in 2024?
- Fortinet (FTNT) operating income in 2024 was $1.80B.
What was Fortinet operating income in 2025?
- Fortinet (FTNT) operating income in 2025 was $2.08B.
Metrics overview
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