CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026)

CrowdStrike Holdings (CRWD) posted Operating Expenses of $979.9 million for Q1 2026, down 1.61% on a QoQ basis from $995.9 million in Q4 2025, and up 13.0% year-over-year from $867.1 million in Q1 2025.

CrowdStrike Holdings (CRWD) Operating Expenses (2018 - 2026) Analysis & Trends

CrowdStrike Holdings' Operating Expenses history runs 9 years deep, the most recent figure standing at $979.9 million for Q1 2026.

  • Quarterly Operating Expenses rose 13.0% year-over-year to $979.9 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $3.9 billion (up 26.19% YoY) and the FY2026 annual result came in at $3.9 billion, up 26.19% from the prior year.
  • Operating Expenses was $979.9 million for Q1 2026 at CrowdStrike Holdings, down from $995.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $995.9 million in Q4 2025 and bottomed at $341.9 million in Q1 2022.
  • A 5-year average of $673.8 million and a median of $621.0 million in 2024 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses surged 59.78% — and 2026, when it climbed 13.0%.
  • CrowdStrike Holdings' 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 fell by 1.61% to $979.9 million in 2026.
  • Business Quant data shows CRWD's Operating Expenses at $979.9 million in Q1 2026, $995.9 million in Q4 2025, and $971.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn -363.49 Mn
3 Oracle 329.59 Bn 297.69 Bn - 13.05 Bn
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 979.89 Mn
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 517.59 Mn
10 Synopsys 70.83 Bn 68.63 Bn 1.77 Bn 1.57 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