Income Statement Balance Sheet Cash Flow Segments

Fortinet Business Segments

Business, geographic, and product segment breakdowns

Fortinet generates $7.1B in annual revenue across 1 key segments: Business Segments ($2.0B). The company-wide operating margin is 31.1%. Based on the Q1 2026 filing.

Business Segments (TTM)$2.0B

Latest FilingQ1 2026

Report Date2026-05-08

Market Cap$106.28B

P/E Ratio54.38

ROE132.39%

Products & Services

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Deferred revenue recognized in period	—	$972.5M	$876.8M	$759.2M	—	$1.1B

Geographic

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Area of real estate property	—	—	—	—	—	$5.3

Business Segments

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Other sales and marketing expense	$422.8M	$439.7M	$483.7M	$469.2M	$508.3M	$514.8M
Commission expense	$103.7M	$103M	$108.3M	$114.3M	$121M	$121.5M
Segment Reporting, Other Segment Item, Amount	$420.6M	-$82.4M	-$60.5M	-$48.7M	$409.8M	-$77.9M