Fortinet (FTNT) revenue breakdown
By product, Security subscription is the largest at 39% of fiscal 2025 revenue, growing 23% a year over 8 years.
By region, EMEA is the largest at 42% of fiscal 2025 revenue; Other Americas grew fastest, 31% a year over 9 years.
Revenue by product
Fiscal years, as Fortinet reports them in its 10-K filings; fiscal 2025 total $6.8B.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Security subscription | $505M | $606M | $751M | $919M | $1.1B | $1.4B | $1.9B | $2.3B | $2.6B | 39% |
| Product | $577M | $674M | $788M | $916M | $1.3B | $1.8B | $1.9B | $1.9B | $2.2B | 33% |
| Technical support and other | $413M | $524M | $624M | $759M | $962M | $1.2B | $1.5B | $1.7B | $1.9B | 29% |
Revenue by region
Fiscal years, as Fortinet reports them in its 10-K filings; fiscal 2025 total $6.8B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EMEA | $477M | $555M | $679M | $816M | $992M | $1.3B | $1.7B | $2.1B | $2.4B | $2.8B | 42% |
| United States | $426M | $497M | $578M | $696M | $813M | $1.0B | $1.3B | $1.6B | $1.8B | $1.9B | 28% |
| APAC | $261M | $298M | $361M | $426M | $525M | $708M | $941M | $1.1B | $1.1B | $1.3B | 19% |
| Other Americas | $66M | $145M | $186M | $225M | $264M | $352M | $460M | $569M | $663M | $771M | 11% |
| CANADA | $44M | — | — | — | — | — | — | — | — | — | — |
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Where does Fortinet make its money?
In fiscal 2025, by product: Security subscription $2.6B, Product $2.2B, Technical support and other $1.9B.
From Fortinet's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.