Revenue and Financial Overview

in 2023 Financial Highlights Total Revenue Service Revenue Total Billings Recurring Revenue Adj. Free Cash Flow $5.30B $3.38B $6.40B 66% of total revenue +20% y/y +28% y/y +14% y/y $1.86B 35% Margin GAAP Operating Income $1.24B Non-GAAP Operating Income Non-GAAP Diluted EPS $1.51B $1.63 +28% y/y 23.4% Margin +25% y/y 28.4% Margin +37% y/y +160% y/y Number of Deals >$10M 13 Billings of Deals > $10M $232M +177% y/y Note (1) Recurring revenue represents total revenue less hardware and professional services revenue. © Fortinet Inc. All Rights Reserved. | 3

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