Deferred Revenue
Fortinet Deferred Revenue increased by 2.5% to $3.73B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $3.34B to $3.73B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 21.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.53B | $1.62B | $1.78B | $1.89B | $2.01B | $2.13B | $2.35B | $2.46B | $2.59B | $2.65B | $2.85B | $2.91B | $2.98B | $3.08B | $3.28B | $3.34B | $3.41B | $3.46B | $3.64B | $3.73B |
| QoQ Change | — | +5.4% | +10.0% | +6.5% | +6.3% | +5.8% | +10.3% | +4.9% | +5.1% | +2.3% | +7.6% | +2.2% | +2.2% | +3.6% | +6.3% | +1.9% | +2.2% | +1.4% | +5.1% | +2.5% |
| YoY Change | — | — | — | — | +31.3% | +31.7% | +32.2% | +30.1% | +28.5% | +24.3% | +21.3% | +18.2% | +15.0% | +16.4% | +15.0% | +14.7% | +14.7% | +12.3% | +11.0% | +11.6% |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Fortinet's deferred revenue?
- Fortinet (FTNT) reported deferred revenue of $3.73B in Q1 2026.
- How has Fortinet's deferred revenue changed year-over-year?
- Fortinet's deferred revenue increased by 11.6% year-over-year, from $3.34B to $3.73B.
- What is the long-term trend for Fortinet's deferred revenue?
- Over 5 years (2020 to 2025), Fortinet's deferred revenue has grown at a 21.2% compound annual growth rate (CAGR), from $1.39B to $3.64B.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.