Commvault Systems (CVLT) Operating Expenses (2009 - 2026)
Commvault Systems (CVLT) posted Operating Expenses of $230.8 million for Q2 2026, down 2.64% on a QoQ basis from $237.0 million in Q1 2026, and up 11.98% year-over-year from $206.1 million in Q2 2025.
Analysis
Commvault Systems (CVLT) Operating Expenses (2009 - 2026) Analysis & Trends
Commvault Systems has reported Operating Expenses for 18 years, with the latest figure at $230.8 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 11.98% year-over-year to $230.8 million in Q2 2026; TTM through Jun 2026 was $911.3 million, a 16.46% increase from a year earlier, with the FY2026 full-year figure at $886.6 million, up 19.35% from the prior year.
- Operating Expenses was $230.8 million for Q2 2026 at Commvault Systems, down from $237.0 million in the prior quarter.
- The five-year high for Operating Expenses was $237.0 million in Q1 2026, with the low at $144.1 million in Q2 2023.
- Average Operating Expenses over 5 years is $183.3 million, with a median of $171.0 million recorded in 2024.
- The largest YoY upside for Operating Expenses was 27.89% in 2024 against a maximum downside of 19.57% in 2024.
- Over 5 years, Operating Expenses stood at $155.5 million in 2022, then increased by 0.76% to $156.7 million in 2023, then increased by 27.89% to $200.4 million in 2024, then gained by 17.15% to $234.8 million in 2025, then decreased by 1.69% to $230.8 million in 2026.
- The last three Operating Expenses figures came in at $230.8 million (Q2 2026), $237.0 million (Q1 2026), and $234.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 270.94 Bn | 267.83 Bn | 2.03 Bn | 2.21 Bn |
| 2 | CrowdStrike Holdings | 218.20 Bn | 213.22 Bn | 1.10 Bn | 1.13 Bn |
| 3 | Fortinet | 114.65 Bn | 110.58 Bn | 1.64 Bn | 953.90 Mn |
| 4 | Axon Enterprise | 41.89 Bn | 41.22 Bn | 546.45 Mn | 499.67 Mn |
| 5 | Zscaler | 27.69 Bn | 24.21 Bn | - | - |
| 6 | F5 | 22.19 Bn | 20.58 Bn | 711.51 Mn | 498.25 Mn |
| 7 | Rubrik | 19.41 Bn | 17.66 Bn | 335.12 Mn | 407.03 Mn |
| 8 | Gen Digital | 18.36 Bn | 17.80 Bn | 1.03 Bn | 586.00 Mn |
| 9 | Check Point Software Technologies | 14.47 Bn | 12.19 Bn | 574.10 Mn | 488.50 Mn |
| 10 | Commvault Systems | 5.65 Bn | 4.72 Bn | 256.52 Mn | 230.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 230.80 Mn |
| Mar 31, 2026 | 237.05 Mn |
| Dec 31, 2025 | 234.77 Mn |
| Sep 30, 2025 | 208.65 Mn |
| Jun 30, 2025 | 206.11 Mn |
| Mar 31, 2025 | 200.55 Mn |
| Dec 31, 2024 | 200.40 Mn |
| Sep 30, 2024 | 175.45 Mn |
| Jun 30, 2024 | 166.46 Mn |
| Mar 31, 2024 | 165.96 Mn |
| Dec 31, 2023 | 156.70 Mn |
| Sep 30, 2023 | 145.51 Mn |
| Jun 30, 2023 | 144.12 Mn |
| Mar 31, 2023 | 206.34 Mn |
| Dec 31, 2022 | 155.52 Mn |
| Sep 30, 2022 | 146.44 Mn |
| Jun 30, 2022 | 156.78 Mn |
| Mar 31, 2022 | 162.46 Mn |
| Dec 31, 2021 | 160.06 Mn |
| Sep 30, 2021 | 149.00 Mn |