Filing Flows › Fortinet (FTNT) › Operating margin
Fortinet (FTNT) operating margin by quarter
Fortinet's operating margin was 33.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026. Over the last 7 quarters it ranged from 28.1% (Q2 2025) to 33.9% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 33.9% | +0.2 pts | +2.2 pts |
| Q2 2026 | 33.7% | +2.3 pts | +5.6 pts |
| Q1 2026 | 31.4% | -1.5 pts | +1.9 pts |
| Q4 2025 | 32.8% | +1.1 pts | — |
| Q3 2025 | 31.7% | +3.6 pts | — |
| Q2 2025 | 28.1% | -1.4 pts | — |
| Q1 2025 | 29.5% | — | — |
Q3 2026 at a glance
Fortinet, Q3 2026: revenue $2.1B (+20% year over year), operating margin 33.9%, net earnings $636M, operating cash flow $946M. The chart follows the revenue to costs, profit and cash.
Questions
What is Fortinet's operating margin?
Fortinet's operating margin was 33.9% in Q3 2026 (third quarter 2026), +0.2 pts from Q2 2026.
How has Fortinet's operating margin changed?
Over the last 7 quarters it ranged from 28.1% (Q2 2025) to 33.9% (Q3 2026).