Service — Gross Profit
Fortinet Service — Gross Profit decreased by 0.5% to $1.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.8%, from $937.40M to $1.05B. Over 4 years (FY 2021 to FY 2025), Service — Gross Profit shows an upward trend with a 22.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher gross profit margins indicate strong pricing power and efficient service delivery, while declining margins may suggest increased competition or rising service delivery costs.
Detailed definition
This metric is the difference between total service revenue and the direct costs associated with delivering those servic...
Peer comparison
Comparable to 'Service Gross Margin' or 'Subscription Gross Profit' at other technology and cybersecurity vendors.
ftnt_segment_service_gross_profitHistorical 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 | $431.50M | $453.20M | $502.90M | $491.00M | $533.80M | $583.00M | $635.50M | $647.40M | $698.90M | $749.30M | $808.30M | $822.50M | $862.50M | $906.90M | $949.60M | $937.40M | $972.10M | $1.01B | $1.05B | $1.05B |
| QoQ Change | — | +5.0% | +11.0% | -2.4% | +8.7% | +9.2% | +9.0% | +1.9% | +8.0% | +7.2% | +7.9% | +1.8% | +4.9% | +5.1% | +4.7% | -1.3% | +3.7% | +4.4% | +3.8% | -0.5% |
| YoY Change | — | — | — | — | +23.7% | +28.6% | +26.4% | +31.9% | +30.9% | +28.5% | +27.2% | +27.0% | +23.4% | +21.0% | +17.5% | +14.0% | +12.7% | +11.9% | +11.0% | +11.8% |
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Frequently Asked Questions
- What is Fortinet's service — gross profit?
- Fortinet (FTNT) reported service — gross profit of $1.05B in Q1 2026.
- How has Fortinet's service — gross profit changed year-over-year?
- Fortinet's service — gross profit increased by 11.8% year-over-year, from $937.40M to $1.05B.
- What is the long-term trend for Fortinet's service — gross profit?
- Over 4 years (2021 to 2025), Fortinet's service — gross profit has grown at a 22.1% compound annual growth rate (CAGR), from $1.79B to $3.98B.
- What does service — gross profit mean?
- The profit remaining after subtracting the direct costs of providing services from service revenue.