What is Fortinet's tax on share settlement?

Fortinet (FTNT) reported tax on share settlement of $36.3M in Q1 2026.

How has Fortinet's tax on share settlement changed year-over-year?

Fortinet's tax on share settlement decreased by 31.4% year-over-year, from $52.9M to $36.3M.

What is the long-term trend for Fortinet's tax on share settlement?

Over 4 years (2021 to 2025), Fortinet's tax on share settlement has grown at a -6.9% compound annual growth rate (CAGR), from $167.9M to $126.3M.

What does tax on share settlement mean?

Cash paid to tax authorities for employee share vesting, where the company withholds shares and pays the tax obligation in cash.

Fortinet FTNT Tax on Share Settlement

Tax on Share Settlement at other companies

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$208K+56.4%

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NTS

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Other financials

Income statement

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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

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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

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Operating cash flow$1.1B+24.8%

CapEx$70.6M+6.2%

Free cash flow$1.0B+26.3%

Valuation

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Market cap$106.44B+43.7%

Enterprise value$104.78B+46.4%

P/E54.5×+15.1×

P/S15×+2.9×

Profitability

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Gross margin80.3%-1.0pp

Operating margin31.1%-0.4pp

Net margin27.5%-3.1pp

FCF margin34.3%+0.6pp

Returns & leverage

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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:PaymentsRelatedToTaxWithholdingForShareBasedCompensation.

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 tax on share settlement?: Fortinet (FTNT) reported tax on share settlement of $36.3M in Q1 2026.
How has Fortinet's tax on share settlement changed year-over-year?: Fortinet's tax on share settlement decreased by 31.4% year-over-year, from $52.9M to $36.3M.
What is the long-term trend for Fortinet's tax on share settlement?: Over 4 years (2021 to 2025), Fortinet's tax on share settlement has grown at a -6.9% compound annual growth rate (CAGR), from $167.9M to $126.3M.
What does tax on share settlement mean?: Cash paid to tax authorities for employee share vesting, where the company withholds shares and pays the tax obligation in cash.