CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026)
CrowdStrike Holdings' Operating Expenses came in at $1.13 billion for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 17.0% from $965.86 million a year earlier and up 5.2% from the prior quarter.
CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, CrowdStrike Holdings reported Operating Expenses of $4.18 billion, up 16.8% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $3.89 billion, up 26.2% from FY2025.
- Operating Expenses has increased in each of the last eight fiscal years, with a five-year compound annual growth rate of 39.4% (FY2021 to FY2026).
- Going back by fiscal year, Operating Expenses was $3.08 billion in FY2025 (+33.0%), $2.32 billion in FY2024 (+26.5%), $1.83 billion in FY2023 (+51.1%) and $1.21 billion in FY2022 (+64.2%).
- The fiscal Q2 2027 figure represents the highest quarterly Operating Expenses in data going back to fiscal Q1 2019.
- Year-over-year, Operating Expenses has increased for 30 consecutive quarters, with growth averaging 27.1% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 13.0% (fiscal Q4 2026) to 63.3% (fiscal Q3 2022).
- Business Quant data shows CRWD's Operating Expenses at $1.07 billion (Q1 2027), $979.89 million (Q4 2026) and $995.88 million (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 305.41 Bn | 290.49 Bn | 2.30 Bn | 2.13 Bn |
| 2 | CrowdStrike Holdings | 258.16 Bn | 238.60 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 127.25 Bn | 113.18 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Snowflake | 118.44 Bn | 105.76 Bn | 1.04 Bn | 1.30 Bn |
| 5 | Datadog | 96.25 Bn | 77.89 Bn | 881.34 Mn | 875.89 Mn |
| 6 | Axon Enterprise | 34.94 Bn | 29.46 Bn | 546.45 Mn | 499.67 Mn |
| 7 | MongoDB | 33.06 Bn | 23.53 Bn | 569.77 Mn | 541.37 Mn |
| 8 | Okta | 32.62 Bn | 22.72 Bn | 641.00 Mn | 534.00 Mn |
| 9 | Zscaler | 31.48 Bn | 17.60 Bn | - | - |
| 10 | Baidu | 29.71 Bn | -43.91 Bn | 1.47 Mn | 4.17 Bn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.13 Bn |
| Apr 30, 2026 | 1.07 Bn |
| Jan 31, 2026 | 979.89 Mn |
| Oct 31, 2025 | 995.88 Mn |
| Jul 31, 2025 | 965.86 Mn |
| Apr 30, 2025 | 934.27 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 |
CrowdStrike Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CRWD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CRWD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CRWD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();