What is Fortinet's operating income?

Fortinet (FTNT) reported operating income of $580M in Q1 2026.

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

Fortinet's operating income increased by 27.8% year-over-year, from $453.8M to $580M.

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

Over 4 years (2021 to 2025), Fortinet's operating income has grown at a 33.8% compound annual growth rate (CAGR), from $650.4M to $2.08B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Fortinet FTNT Operating Income

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Other financials

Income statement

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Revenue$1.8B+20.1%

Gross profit$1.5B+19.1%

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$109.85B+43.7%

Enterprise value$108.19B+46.4%

P/E56.2×+15.5×

P/S15.5×+3.0×

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:OperatingIncomeLoss.

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 operating income?: Fortinet (FTNT) reported operating income of $580M in Q1 2026.
How has Fortinet's operating income changed year-over-year?: Fortinet's operating income increased by 27.8% year-over-year, from $453.8M to $580M.
What is the long-term trend for Fortinet's operating income?: Over 4 years (2021 to 2025), Fortinet's operating income has grown at a 33.8% compound annual growth rate (CAGR), from $650.4M to $2.08B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.