Service — Total Cost of Revenue
Fortinet Service — Total Cost of Revenue decreased by 2.6% to $156.20M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.1%, from $143.20M to $156.20M. Over 4 years (FY 2021 to FY 2025), Service — Total Cost of Revenue shows an upward trend with a 19.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue may suggest rising infrastructure costs or inefficiencies in service delivery, whereas a decrease relative to revenue indicates improved operating leverage.
Detailed definition
This metric captures the direct costs associated with delivering service and subscription offerings, including cloud inf...
Peer comparison
Comparable to 'Cost of Subscription Revenue' or 'Cost of Services' at peer SaaS and cybersecurity companies.
ftnt_segment_service_total_cost_of_revenueHistorical 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 | $71.30M | $76.90M | $81.80M | $92.80M | $95.60M | $97.80M | $107.40M | $114.20M | $121.30M | $119.40M | $118.70M | $121.90M | $119.90M | $127.30M | $136.50M | $143.20M | $149.00M | $151.00M | $160.30M | $156.20M |
| QoQ Change | — | +7.9% | +6.4% | +13.4% | +3.0% | +2.3% | +9.8% | +6.3% | +6.2% | -1.6% | -0.6% | +2.7% | -1.6% | +6.2% | +7.2% | +4.9% | +4.1% | +1.3% | +6.2% | -2.6% |
| YoY Change | — | — | — | — | +34.1% | +27.2% | +31.3% | +23.1% | +26.9% | +22.1% | +10.5% | +6.7% | -1.2% | +6.6% | +15.0% | +17.5% | +24.3% | +18.6% | +17.4% | +9.1% |
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Frequently Asked Questions
- What is Fortinet's service — total cost of revenue?
- Fortinet (FTNT) reported service — total cost of revenue of $156.20M in Q1 2026.
- How has Fortinet's service — total cost of revenue changed year-over-year?
- Fortinet's service — total cost of revenue increased by 9.1% year-over-year, from $143.20M to $156.20M.
- What is the long-term trend for Fortinet's service — total cost of revenue?
- Over 4 years (2021 to 2025), Fortinet's service — total cost of revenue has grown at a 19.6% compound annual growth rate (CAGR), from $295.30M to $603.50M.
- What does service — total cost of revenue mean?
- The direct costs incurred to provide and maintain service and subscription offerings.