Fortinet (MEX:FTNT) Accounts Payable: MXN4,304 Mil (As of Mar. 2026)

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MEX:FTNT Fortinet Inc MEX:FTNT
85 GF Score
Price MXN2,900.09
GF Value MXN1,735.74
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Fortinet Accounts Payable?

Fortinet MEX:FTNT +2.62% 85 Accounts Payable is MXN4,304 Mil as of Mar. 2026. GuruFocus rates MEX:FTNT with a GF Score™ of 85/100 and a GF Value™ of MXN1,735.74 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Fortinet's Accounts Payable for the quarter that ended in Mar. 2026 was MXN4,304 Mil.

Fortinet's quarterly Accounts Payable increased from Sep. 2025 (MXN4,060 Mil) to Dec. 2025 (MXN4,156 Mil) and increased from Dec. 2025 (MXN4,156 Mil) to Mar. 2026 (MXN4,304 Mil).

Fortinet's annual Accounts Payable increased from Dec. 2023 (MXN3,468 Mil) to Dec. 2024 (MXN3,981 Mil) and increased from Dec. 2024 (MXN3,981 Mil) to Dec. 2025 (MXN4,156 Mil).

Fortinet Accounts Payable Historical Data

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The historical data trend for Fortinet's Accounts Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortinet Accounts Payable Chart

Fortinet Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,044.28 4,745.33 3,467.84 3,981.35 4,155.72

Fortinet Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,592.87 4,616.92 4,059.57 4,155.72 4,304.41
MEX:FTNT
85GF Score
Fortinet Inc MEX:FTNT
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortinet Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of MXN4,304 Mil mean?
Fortinet (MEX:FTNT) has a Accounts Payable of MXN4,304 Mil as of Mar. 2026. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Fortinet and its competitors.
Is Fortinet's Accounts Payable too high?
Fortinet's current Accounts Payable is MXN4,304 Mil. Overall, Fortinet has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortinet's Accounts Payable compare to SNPS and NET?
Fortinet's Accounts Payable of MXN4,304 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Software company?
A good Accounts Payable depends on the Software industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Fortinet and its competitors. Fortinet's current Accounts Payable is MXN4,304 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortinet stock overvalued right now?
Based on GuruFocus' analysis, Fortinet (MEX:FTNT) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,735.74, compared to a current price of MXN2,900.09 — trading 67.1% above its estimated fair value. The current Accounts Payable is MXN4,304 Mil. Fortinet's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Fortinet (MEX:FTNT), the current Accounts Payable is MXN4,304 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fortinet (MEX:FTNT) Overvalued in 2026?

Based on GuruFocus' analysis, Fortinet stock appears to be overvalued. The current stock price of MXN2,900.09 is trading 67.1% above its estimated GF Value™ of MXN1,735.74. GuruFocus considers Fortinet to be Significantly Overvalued.

Key valuation signals for MEX:FTNT:

  • Accounts Payable: MXN4,304 Mil
  • GF Value™: MXN1,735.74 vs. price of MXN2,900.09 (67.1% above fair value)
  • GF Score™: 85/100 with 5 warning signs

No single metric tells the full story. See the MEX:FTNT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortinet Business Description

Address 909 Kifer Road, Sunnyvale, CA, USA, 94086
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
85GF Score

Get the complete analysis for MEX:FTNT

Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,900.09
Price
MXN1,735.74
GF Value