FORTINET, INC. (FTNT) Operating Margin
- Operating margin · 12 months: Value 32.44%; Formula and calculation Operating income / revenue. Period ending 2026-06-30..
Operating margin
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Operating margin · 12 months | 32.44% | Operating income / revenue. Period ending 2026-06-30. $2.44B ÷ $7.53B × 100 ≈ 32.44% |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating income | 2.44B USD | Operating Income (Loss) |
| Revenue | 7.53B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Cost of products and services | 1.49B USD | Cost of Goods and Services Sold |
| Research and development | 846.40M USD | Research and Development Expense |
| Selling, general and administration | (m) |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Operating income (USD) | Revenue (USD) | Cost of products and services (USD) | Research and development (USD) | Selling, general and administration (USD) | Operating margin |
|---|---|---|---|---|---|---|
| 2026-06-30 | $2.44B | $7.53B | $1.49B | $846.40M | (m) | 32.44% |
| 2026-03-31 | $2.21B | $7.11B | $1.40B | $830.90M | (m) | 31.10% |
| 2025-12-31 | $2.08B | $6.80B | $1.33B | $815.50M | (m) | 30.66% |
| 2025-09-30 | $2.03B | $6.55B | $1.25B | $801.60M | (m) | 31.02% |
| 2025-06-30 | $1.96B | $6.34B | $1.19B | $786.50M | (m) | 30.87% |
| 2025-03-31 | $1.94B | $6.14B | $1.15B | $742.40M | (m) | 31.52% |
| 2024-12-31 | $1.80B | $5.96B | $1.16B | $716.80M | (m) | 30.28% |
| 2024-09-30 | $1.61B | $5.71B | $1.16B | $678.20M | (m) | 28.27% |
| 2024-06-30 | $1.45B | $5.54B | $1.21B | $647.80M | (m) | 26.13% |
| 2024-03-31 | $1.29B | $5.40B | $1.23B | $635.70M | (m) | 23.89% |
| 2023-12-31 | $1.24B | $5.30B | $1.24B | $613.80M | (m) | 23.40% |
| 2023-09-30 | $1.21B | $5.17B | $1.22B | $590.20M | (m) | 23.46% |
| 2023-06-30 | $1.18B | $4.99B | $1.18B | $567.60M | (m) | 23.57% |
| 2023-03-31 | $1.09B | $4.72B | $1.14B | $538.60M | (m) | 23.11% |
| 2022-12-31 | $969.60M | $4.42B | $1.08B | $512.40M | (m) | 21.95% |
| 2022-09-30 | $826.70M | $4.10B | $1.02B | $496.10M | (m) | 20.17% |
| 2022-06-30 | $727.60M | $3.82B | $944.10M | $469.60M | (m) | 19.07% |
| 2022-03-31 | $679.80M | $3.59B | $880.20M | $451.90M | (m) | 18.95% |
| 2021-12-31 | $650.40M | $3.34B | $783.00M | $424.20M | (m) | 19.46% |
| 2021-09-30 | $604.90M | $3.13B | $721.70M | $400.60M | (m) | 19.35% |
| 2021-06-30 | $565.40M | $2.91B | $649.70M | $382.80M | (m) | 19.43% |
| 2021-03-31 | $536.70M | $2.73B | $597.90M | $358.30M | (m) | 19.68% |
| 2020-12-31 | $531.80M | $2.59B | $570.00M | $341.40M | (m) | 20.50% |
| 2020-09-30 | $477.70M | $2.46B | $543.50M | $323.60M | (m) | 19.44% |
| 2020-06-30 | $451.00M | $2.35B | $528.40M | $303.50M | (m) | 19.16% |
| 2020-03-31 | $409.50M | $2.26B | $521.60M | $288.80M | (m) | 18.12% |
| 2019-12-31 | $344.20M | $2.16B | $505.90M | $277.10M | (m) | 15.96% |
| 2019-09-30 | $310.90M | $2.05B | $493.90M | $271.40M | (m) | 15.17% |
| 2019-06-30 | $273.70M | $1.96B | $481.40M | $260.20M | (m) | 14.00% |
| 2019-03-31 | $249.20M | $1.87B | $466.20M | $254.00M | (m) | 13.29% |
| 2018-12-31 | $231.00M | $1.80B | $450.40M | $244.50M | (m) | 12.82% |
| 2018-09-30 | $188.10M | $1.71B | $427.28M | $233.71M | (m) | 10.99% |
| 2018-06-30 | $159.00M | $1.63B | $409.38M | $228.51M | (m) | 9.75% |
| 2018-03-31 | $136.80M | $1.55B | $391.88M | $218.51M | (m) | 8.81% |
| 2017-12-31 | $109.80M | $1.49B | $385.28M | $210.61M | (m) | 7.35% |
| 2017-09-30 | $112.80M | $1.44B | $370.76M | $201.43M | (m) | 7.83% |
| 2017-06-30 | $84.59M | $1.38B | $361.91M | $195.18M | (m) | 6.11% |
| 2017-03-31 | $52.05M | $1.33B | $350.76M | $189.53M | (m) | 3.91% |
| 2016-12-31 | $42.94M | $1.28B | $337.84M | $183.08M | (m) | 3.37% |
| 2016-09-30 | $10.62M | $1.21B | $328.92M | $180.31M | (m) | 0.88% |
| 2016-06-30 | $3.29M | $1.15B | $315.82M | $175.18M | (m) | 0.29% |
| 2016-03-31 | $8.31M | $1.08B | $300.92M | $167.28M | (m) | 0.77% |
| 2015-12-31 | $14.88M | $1.01B | $286.78M | $158.13M | (m) | 1.47% |
| 2015-09-30 | $21.93M | $936.71M | $270.43M | $148.41M | (m) | 2.34% |
| 2015-06-30 | $39.22M | $869.99M | $255.61M | $137.09M | (m) | 4.51% |
| 2015-03-31 | $47.41M | $814.30M | $243.87M | $129.64M | (m) | 5.82% |
| 2014-12-31 | $59.32M | $770.36M | $231.01M | $122.88M | (m) | 7.70% |
| 2014-09-30 | $64.05M | $723.75M | $219.26M | $117.53M | (m) | 8.85% |
| 2014-06-30 | $66.88M | $685.10M | $206.31M | $113.16M | (m) | 9.76% |
| 2014-03-31 | $69.51M | $648.43M | $192.26M | $108.38M | (m) | 10.72% |
| 2013-12-31 | $72.09M | $615.30M | $180.64M | $102.66M | (m) | 11.72% |
| 2013-09-30 | $82.49M | $589.11M | $168.21M | $95.44M | (m) | 14.00% |
| 2013-06-30 | $89.98M | $570.68M | $162.09M | $89.52M | (m) | 15.77% |
| 2013-03-31 | $97.15M | $552.21M | $155.50M | $84.75M | (m) | 17.59% |
| 2012-12-31 | $100.47M | $533.64M | $147.42M | $81.08M | (m) | 18.83% |
| 2012-09-30 | $91.95M | $503.34M | $138.46M | $76.93M | (m) | 18.27% |
| 2012-06-30 | $92.35M | $483.50M | $131.79M | $73.27M | (m) | 19.10% |
| 2012-03-31 | $90.17M | $457.56M | $121.22M | $68.82M | (m) | 19.71% |
| 2011-12-31 | $88.90M | $433.58M | $113.60M | $63.58M | (m) | 20.50% |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $55.34M | $324.70M | $85.21M | $49.80M | (m) | 17.04% |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $25.33M | $252.12M | $69.97M | $42.20M | (m) | 10.05% |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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