CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026)
CrowdStrike Holdings' (CRWD) quarterly Operating Expenses came in at $1.1 billion in Q3 2026, up 17.01% on a YoY basis from $965.9 million in Q3 2025, and up 5.23% quarter-over-quarter from $1.1 billion in Q2 2026.
Analysis
CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026) Analysis & Trends
CrowdStrike Holdings (CRWD) has reported Operating Expenses for 9 consecutive years, with $1.1 billion the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses rose 17.01% year-over-year to $1.1 billion; the trailing twelve-month figure through Jul 2026 stood at $4.2 billion (up 16.82% YoY), and the FY2026 full-year result was $3.9 billion, up 26.19% from the prior year.
- Operating Expenses climbed to $1.1 billion in Q3 2026 per CRWD's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.1 billion in Q3 2026 and bottomed at $341.9 million in Q1 2022.
- Historically, Operating Expenses has averaged $718.3 million across 5 years, with a median of $689.1 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 59.78% in 2022, then gained 13.0% in 2026.
- Over 5 years, Operating Expenses stood at $479.1 million in 2022, then gained by 22.7% to $587.8 million in 2023, then surged by 37.93% to $810.8 million in 2024, then increased by 22.82% to $995.9 million in 2025, then gained by 13.48% to $1.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.1 billion, $1.1 billion, and $979.9 million for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.80 Bn | 266.69 Bn | 2.03 Bn | 2.21 Bn |
| 2 | CrowdStrike Holdings | 213.58 Bn | 208.57 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 115.34 Bn | 111.27 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Axon Enterprise | 40.83 Bn | 40.15 Bn | 546.45 Mn | 499.67 Mn |
| 5 | Zscaler | 26.15 Bn | 22.68 Bn | - | - |
| 6 | F5 | 22.17 Bn | 20.57 Bn | 711.51 Mn | 498.25 Mn |
| 7 | Rubrik | 18.93 Bn | 17.18 Bn | 335.12 Mn | 407.03 Mn |
| 8 | Gen Digital | 17.81 Bn | 17.25 Bn | 1.03 Bn | 586.00 Mn |
| 9 | Check Point Software Technologies | 14.29 Bn | 12.01 Bn | 574.10 Mn | 488.50 Mn |
| 10 | SentinelOne | 6.68 Bn | 6.02 Bn | 210.42 Mn | 301.18 Mn |
Historic Data
Download Data
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 |