Fortinet, Inc.FTNTNASDAQ
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Operating Expenses Over TimeExpanding
Percentile Rank100
3Y CAGR+13.1%
5Y CAGR+18.0%
Year-over-Year Change

Expenses from normal business operations (SG&A, R&D, etc.)

3Y CAGR
+13.1%/yr
vs +20.5%/yr prior
5Y CAGR
+18.0%/yr
Recent deceleration
Acceleration
-7.4pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.3x
Strong expansion
Streak
9 yr
Consecutive growthExpanding
PeriodValueYoY Change
2025$3.42B+14.1%
2024$2.99B+6.0%
2023$2.83B+19.6%
2022$2.36B+23.8%
2021$1.91B+27.9%
2020$1.49B+14.3%
2019$1.31B+16.6%
2018$1.12B+12.0%
2017$999.80M+11.7%
2016$894.70M-