TTM
31.1%
YoY change
+0.34pp
Trough year (2007)
-13.9%
Peak year (2025)
30.6%
Latest annual
30.6%
Operating Margin history chart for Fortinet (FTNT) from 2006 to 2025
Latest: 30.6%
Operating Margin change chart for Fortinet (FTNT) from 2006 to 2025
Latest: +0.34pp
Operating Margin history table for Fortinet (FTNT) from 2006 to 2025
| 2025 | 30.6% | +0.34pp | ||
| 2024 | 30.3% | +6.88pp | ||
| 2023 | 23.4% | +1.45pp | ||
| 2022 | 21.9% | +2.49pp | ||
| 2021 | 19.5% | -1.04pp | ||
| 2020 | 20.5% | +4.27pp | ||
| 2019 | 16.2% | +3.24pp | ||
| 2018 | 13.0% | +5.64pp | ||
| 2017 | 7.3% | +3.98pp | ||
| 2016 | 3.4% | +1.89pp | ||
| 2015 | 1.5% | -6.23pp | ||
| 2014 | 7.7% | -4.02pp | ||
| 2013 | 11.7% | -7.11pp | ||
| 2012 | 18.8% | -1.68pp | ||
| 2011 | 20.5% | +3.46pp | ||
| 2010 | 17.0% | +7.00pp | ||
| 2009 | 10.0% | +7.72pp | ||
| 2008 | 2.3% | +16.21pp | ||
| 2007 | -13.9% | -9.03pp | ||
| 2006 | -4.9% | — |
- 202530.6%+0.34pp
- 202430.3%+6.88pp
- 202323.4%+1.45pp
- 202221.9%+2.49pp
- 202119.5%-1.04pp
- 202020.5%+4.27pp
- 201916.2%+3.24pp
- 201813.0%+5.64pp
- 20177.3%+3.98pp
- 20163.4%+1.89pp
- 20151.5%-6.23pp
- 20147.7%-4.02pp
- 201311.7%-7.11pp
- 201218.8%-1.68pp
- 201120.5%+3.46pp
- 201017.0%+7.00pp
- 200910.0%+7.72pp
- 20082.3%+16.21pp
- 2007-13.9%-9.03pp
- 2006-4.9%—
Operating Margin values are taken from Fortinet's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Fortinet (FTNT)
According to Fortinet's latest reported financial statements, the company's latest reported operating margin is 31.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual operating margin for Fortinet (FTNT) came in at 30.62% – expanded 0.3 percentage points year-over-year.
Across the available history, operating margin reached its high of 30.62% in 2025 and its low of -13.89% in 2007.
Fortinet Operating Margin by Year
Fortinet Operating Margin 2025: 30.6%
Fortinet posted operating margin of 30.62% in 2025, expanded 0.3 percentage points from 2024. This figure represents the highest annual value in the available history.
Fortinet Operating Margin 2024: 30.3%
In 2024, Fortinet reported operating margin of 30.28%, expanded 6.9 percentage points from 2023.
Fortinet Operating Margin 2023: 23.4%
Fortinet operating margin in 2023 was 23.40%, expanded 1.4 percentage points from 2022.
Fortinet Operating Margin 2022: 21.9%
2022's operating margin for Fortinet came in at 21.95%, expanded 2.5 percentage points from 2021.
Fortinet Operating Margin 2021: 19.5%
Fortinet operating margin in 2021 was 19.46%.
See more financial history for Fortinet (FTNT).
Sector peers by Operating Margin
Technology peers of Fortinet (FTNT), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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