Fortinet (FTNT) Revenue — Quarter Ended Dec 31, 2025
Revenue rose in the quarter, outperforming both the immediately preceding period and the same quarter one year earlier. The increase was accompanied by a solid gain in deferred revenue, highlighting sustained customer commitments.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue rose in the quarter, outperforming both the immediately preceding period and the same quarter one year earlier. The increase was accompanied by a solid gain in deferred revenue, highlighting sustained customer commitments.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9B
Revenue reported for this quarter.
Quarter-over-quarter
+10.4%
Change from the immediately preceding quarter.
Year-over-year
+14.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $1.5B | +13.8% |
| Jun 30, 2025 | $1.6B | +13.6% |
| Sep 30, 2025 | $1.7B | +14.4% |
| Dec 31, 2025 | $1.9B | +14.8% |
Revenue performance
The quarter delivered higher revenue than the prior quarter, with a similar year-over-year improvement. Deferred revenue also expanded, reinforcing the company's forward revenue base.
Quarterly comparison
Revenue exceeded the level of the preceding quarter and was also above that of the same quarter last year. The growth rate in the current quarter was notably strong on both comparisons.
What to watch
Monitor deferred revenue and billings trends, as they provide insight into future revenue recognition.