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
DateValue
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