What is Fortinet's net income?

Fortinet (FTNT) reported net income of $534.5M in Q1 2026.

How has Fortinet's net income changed year-over-year?

Fortinet's net income increased by 23.3% year-over-year, from $433.4M to $534.5M.

What is the long-term trend for Fortinet's net income?

Over 4 years (2021 to 2025), Fortinet's net income has grown at a 32.2% compound annual growth rate (CAGR), from $606.7M to $1.85B.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Fortinet FTNT Net Income

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Segments

By segment

See full

Reportable Segment$534.5M+23.3%

Other financials

Income statement

See full

Revenue$1.8B+20.1%

Gross profit$1.5B+19.1%

Operating income$580.0M+27.8%

Net income$534.5M+23.3%

EPS (diluted)$0.72+28.6%

Balance sheet

See full

Cash & equivalents$2.2B-38.2%

Total debt$567.2M-47.3%

Total equity$989.7M-49.6%

Total assets$9.9B-5.0%

Cash flow

See full

Operating cash flow$1.1B+24.8%

CapEx$70.6M+6.2%

Free cash flow$1.0B+26.3%

Valuation

See full

Market cap$106.44B+43.7%

Enterprise value$104.78B+46.4%

P/E54.5×+15.1×

P/S15×+2.9×

Profitability

See full

Gross margin80.3%-1.0pp

Operating margin31.1%-0.4pp

Net margin27.5%-3.1pp

FCF margin34.3%+0.6pp

Returns & leverage

See full

Return on equity132.4%—

Debt / equity0.6×0.0×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by Fortinet in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortinet's net income?: Fortinet (FTNT) reported net income of $534.5M in Q1 2026.
How has Fortinet's net income changed year-over-year?: Fortinet's net income increased by 23.3% year-over-year, from $433.4M to $534.5M.
What is the long-term trend for Fortinet's net income?: Over 4 years (2021 to 2025), Fortinet's net income has grown at a 32.2% compound annual growth rate (CAGR), from $606.7M to $1.85B.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.