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Fortinet (FTNT) Revenue & Revenue Breakdown

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Fortinet Revenue Highlights

Latest Revenue (Y)

$5.30B

Latest Revenue (Q)

$1.51B

Main Segment (Y)

Service

Main Geography (Y)

Americas

Fortinet Revenue by Period

Fortinet Revenue by Year

DateRevenueChange
2023-12-31-20.09%
2022-12-31-32.17%
2021-12-31-28.82%
2020-12-31-20.32%
2019-12-31-19.71%
2018-12-31-20.49%
2017-12-31-17.21%
2016-12-31-26.37%
2015-12-31-31.01%
2014-12-31-25.20%
2013-12-31-15.30%
2012-12-31-23.08%
2011-12-31-33.53%
2010-12-31-28.79%
2009-12-31-19.04%
2008-12-31-36.32%
2007-12-31-25.84%
2006-12-31--

Fortinet generated $5.30B in revenue during NA 2023, up 20.09% compared to the previous quarter, and up 294.51% compared to the same period a year ago.

Fortinet Revenue by Quarter

DateRevenueChange
2024-09-30-5.15%
2024-06-30-5.99%
2024-03-31--4.37%
2023-12-31-6.03%
2023-09-30-3.23%
2023-06-30-2.42%
2023-03-31--1.61%
2022-12-31-11.61%
2022-09-30-11.59%
2022-06-30-7.89%
2022-03-31--0.91%
2021-12-31-11.12%
2021-09-30-8.25%
2021-06-30-12.78%
2021-03-31--5.04%
2020-12-31-14.88%
2020-09-30-5.78%
2020-06-30-6.69%
2020-03-31--6.10%
2019-12-31-12.22%
2019-09-30-4.95%
2019-06-30-10.39%
2019-03-31--6.79%
2018-12-31-11.70%
2018-09-30-2.86%
2018-06-30-10.60%
2018-03-31--4.24%
2017-12-31-11.34%
2017-09-30-2.96%
2017-06-30-6.72%
2017-03-31--6.13%
2016-12-31-14.59%
2016-09-30-1.69%
2016-06-30-9.42%
2016-03-31--4.03%
2015-12-31-14.02%
2015-09-30-8.46%
2015-06-30-12.64%
2015-03-31--4.95%
2014-12-31-15.84%
2014-09-30-5.02%
2014-06-30-8.97%
2014-03-31--4.74%
2013-12-31-14.64%
2013-09-30-4.93%
2013-06-30-8.55%
2013-03-31--10.15%
2012-12-31-10.93%
2012-09-30-5.67%
2012-06-30-9.99%
2012-03-31--2.99%
2011-12-31-3.81%
2011-09-30-13.01%
2011-06-30-10.46%
2011-03-31--0.36%
2010-12-31-10.15%
2010-09-30-11.32%
2010-06-30-9.36%
2010-03-31--1.30%
2009-12-31-7.36%
2009-09-30-7.37%
2009-06-30-13.20%
2009-03-31--8.25%
2008-12-31-8.55%
2008-09-30--

Fortinet generated $1.51B in revenue during Q3 2024, up 5.15% compared to the previous quarter, and up 116.65% compared to the same period a year ago.

Fortinet Revenue Breakdown

Fortinet Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Technical Support and Other-----
Product-----
Security Subscription-----
Service-----
Technical Support-----

Fortinet's latest annual revenue breakdown by segment (product or service), as of Dec 23: Service (38.90%), Product (22.20%), Security Subscription (21.86%), and Technical Support and Other (17.04%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Technical Support and Other--------------------
Security Subscription--------------------
Product--------------------
Service--------------------

Fortinet's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service (40.68%), Security Subscription (23.44%), Product (18.64%), and Technical Support and Other (17.24%).

Fortinet Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 19
Americas-----
UNITED STATES-----
Other Americas-----
Europe, Middle East and Africa-----
Asia Pacific and Japan-----

Fortinet's latest annual revenue breakdown by geography, as of Dec 23: Americas (29.08%), Europe, Middle East and Africa (27.71%), UNITED STATES (21.47%), Asia Pacific and Japan (14.13%), and Other Americas (7.61%).

Quarterly Revenue by Country

CountrySep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Other Americas--------------------
Americas--------------------
Europe, Middle East and Africa--------------------
Asia Pacific and Japan--------------------
UNITED STATES--------------------

Fortinet's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (86.47%), and Other Americas (13.53%).

Fortinet Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ADBEAdobe--
PANWPalo Alto Networks--
FTNTFortinet--
CRWDCrowdStrike--
PLTRPalantir--
ZSZscaler--
MDBMongoDB--
PATHUiPath--
NETCloudflare--
OKTAOkta--

FTNT Revenue FAQ

What is Fortinet’s yearly revenue?

Fortinet's yearly revenue for 2023 was $5.3B, representing an increase of 20.09% compared to 2022. The company's yearly revenue for 2022 was $4.42B, representing an increase of 32.17% compared to 2021. FTNT's yearly revenue for 2021 was $3.34B, representing an increase of 28.82% compared to 2020.

What is Fortinet’s quarterly revenue?

Fortinet's quarterly revenue for Q3 2024 was $1.51B, a 5.15% increase from the previous quarter (Q2 2024), and a 13.00% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.43B, a 5.99% increase from the previous quarter (Q1 2024), and a 10.95% increase year-over-year (Q2 2023). FTNT's quarterly revenue for Q1 2024 was $1.35B, a -4.37% decrease from the previous quarter (Q4 2023), and a 7.21% increase year-over-year (Q1 2023).

What is Fortinet’s revenue growth rate?

Fortinet's revenue growth rate for the last 3 years (2021-2023) was 58.72%, and for the last 5 years (2019-2023) was 146.03%.

What are Fortinet’s revenue streams?

Fortinet's revenue streams in c 23 are Technical Support and Other, Product, Security Subscription, and Service. Technical Support and Other generated $1.48B in revenue, accounting 17.04% of the company's total revenue, up 22.27% year-over-year. Product generated $1.93B in revenue, accounting 22.20% of the company's total revenue, up 8.24% year-over-year. Security Subscription generated $1.9B in revenue, accounting 21.86% of the company's total revenue, up 33.01% year-over-year. Service generated $3.38B in revenue, accounting 38.90% of the company's total revenue, up 28.09% year-over-year.

What is Fortinet’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Fortinet was Service. This segment made a revenue of $3.38B, representing 38.90% of the company's total revenue.