Fortinet FTNT Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total Revenue by Product | |||||
| Security subscription | $2.63B+13.7% | $2.32B+22.1% | $1.9B+33.0% | $1.43B+26.8% | |
| Technical support and other | $1.95B+12.6% | $1.73B+17.0% | $1.48B+22.3% | $1.21B+25.7% | |
| Total Cost of Revenue by Product | |||||
| Product | $725.4M+11.3% | $652M-14.6% | $763.6M+10.5% | $691.3M+41.7% | |
| Service | $603.5M+19.4% | $505.6M+6.8% | $473.6M+20.3% | $393.6M+33.3% | |
| Gross Profit by Product | |||||
| Product | $1.49B+18.8% | $1.26B+8.0% | $1.16B+6.8% | $1.09B+42.0% | |
| Service | $3.98B+12.3% | $3.54B+22.0% | $2.9B+29.4% | $2.24B+25.2% | |
| Total Revenue by Geography | |||||
| Other Americas | $770.9M+16.2% | $663.3M+16.5% | $569.3M+23.8% | $460M+30.7% | |
| United States | $1.93B+8.5% | $1.78B+10.8% | $1.61B+21.2% | $1.33B+31.6% | |
| PROPERTY AND EQUIPMENT—NET by Geography | |||||
| APAC | $275M— | —— | —— | —— | |
| Canada | $1.2B+40.3% | $852.2M+2.2% | $833.9M+7.4% | $776.1M+35.4% | |
| EMEA | $685.5M— | —— | —— | —— | |
| Latin America | $16.7M+23.7% | $13.5M+155% | $5.3M+6.0% | $5M-32.4% | |
| United States | $4B+7.3% | $3.73B+35.8% | $2.75B+14.6% | $2.4B+57.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Fortinet break its business down?
- Fortinet (FTNT) reports total revenue by product across 2 parts — Security subscription and Technical support and other. Each is extracted from the segment footnotes and tracked over time.
- Where does Fortinet's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Fortinet's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
