CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026)
CrowdStrike Holdings (CRWD) reported Operating Expenses of $979.9 million for Q1 2026, up 13.0% on a YoY basis from $867.1 million in Q1 2025, and down 1.61% quarter-over-quarter from $995.9 million in Q4 2025.
CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026) Analysis & Trends
CrowdStrike Holdings has reported Operating Expenses for 9 years, with the latest figure at $979.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 13.0% year-over-year to $979.9 million; the trailing twelve-month figure through Jan 2026 stood at $3.9 billion (up 26.19% YoY), and the FY2026 full-year result was $3.9 billion, up 26.19% from the prior year.
- Operating Expenses for Q1 2026 stood at $979.9 million, down from $995.9 million in the prior quarter.
- The five-year high for Operating Expenses was $995.9 million in Q4 2025, with the low at $341.9 million in Q1 2022.
- Historically, Operating Expenses has averaged $673.8 million across 5 years, with a median of $621.0 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 59.78% — and 2026, when it rose 13.0%.
- CrowdStrike Holdings' Operating Expenses stood at $479.1 million in 2022, then increased by 22.7% to $587.8 million in 2023, then soared by 37.93% to $810.8 million in 2024, then climbed by 22.82% to $995.9 million in 2025, then dropped by 1.61% to $979.9 million in 2026.
- The last three Operating Expenses figures came in at $979.9 million (Q1 2026), $995.9 million (Q4 2025), and $971.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,064.95 Bn | 2,986.68 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,117.04 Bn | 1,102.89 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 608.54 Bn | 569.96 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 326.97 Bn | 319.05 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 185.10 Bn | 180.56 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 165.31 Bn | 162.25 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 105.66 Bn | 102.37 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 89.71 Bn | 89.60 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 87.54 Bn | 86.60 Bn | 455.60 Mn | 517.59 Mn |
| 10 | CoreWeave | 53.90 Bn | 51.63 Bn | 2.01 Bn | 2.22 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 979.89 Mn |
| Oct 31, 2025 | 995.88 Mn |
| Jul 31, 2025 | 971.65 Mn |
| Apr 30, 2025 | 938.95 Mn |
| Jan 31, 2025 | 867.13 Mn |
| Oct 31, 2024 | 810.81 Mn |
| Jul 31, 2024 | 712.81 Mn |
| Apr 30, 2024 | 689.10 Mn |
| Jan 31, 2024 | 621.03 Mn |
| Oct 31, 2023 | 587.85 Mn |
| Jul 31, 2023 | 564.08 Mn |
| Apr 30, 2023 | 542.81 Mn |
| Jan 31, 2023 | 523.26 Mn |
| Oct 31, 2022 | 479.08 Mn |
| Jul 31, 2022 | 442.89 Mn |
| Apr 30, 2022 | 384.89 Mn |
| Jan 31, 2022 | 341.92 Mn |
| Oct 31, 2021 | 318.65 Mn |
| Jul 31, 2021 | 294.66 Mn |
| Apr 30, 2021 | 255.69 Mn |