F5 (FFIV) Gross Margin (2009 - 2026)

F5 (FFIV) posted Gross Margin of 81.41% for Q1 2026, little changed sequentially from 81.55% in Q4 2025, and up 69.0% YoY from 48.17% in Q1 2025.

F5 (FFIV) Gross Margin (2009 - 2026) Analysis & Trends

F5 has reported Gross Margin for 18 years, with the latest figure at 81.41% in Q1 2026.

Quarterly Gross Margin rose 69.0% year-over-year to 81.41% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 81.54% (up 65.0% YoY) and the FY2025 annual result came in at 81.41%, up 122.0% from the prior year.
Gross Margin was little changed at 81.41% in Q1 2026 per FFIV's latest filing, from 81.55% in the prior quarter.
Over five years, Gross Margin peaked at 82.24% in Q3 2025 and troughed at 77.86% in Q1 2023.
A 5-year average of 80.27% and a median of 80.38% in 2024 frame the typical range for Gross Margin.
The sharpest annual moves came in 2022 and 2023: Gross Margin sank 247 bps in 2022, then soared 244 bps in 2023.
Over 5 years, Gross Margin stood at 77.87% in 2022, then advanced by 3 bps to 80.31% in 2023, then advanced by 2 bps to 81.67% in 2024, then declined by 0 bps to 81.55% in 2025, then declined by 0 bps to 81.41% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 81.41%, 81.55%, and 82.24% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Microsoft	3,576.39 Bn	3,443.64 Bn	60.48 Bn	67.20%
2	Palantir Technologies	412.58 Bn	403.17 Bn	1.64 Bn	84.66%
3	Oracle	407.66 Bn	375.77 Bn	-	-
4	Palo Alto Networks	299.27 Bn	296.16 Bn	2.03 Bn	67.55%
5	Fortinet	115.83 Bn	111.76 Bn	1.64 Bn	80.24%
6	Cloudflare	106.65 Bn	102.48 Bn	499.52 Mn	71.76%
7	Synopsys	76.61 Bn	74.41 Bn	1.77 Bn	73.54%
8	CoreWeave	51.53 Bn	45.99 Bn	1.70 Bn	65.86%
9	Block	47.55 Bn	41.12 Bn	3.17 Bn	47.84%
10	F5	22.37 Bn	20.76 Bn	711.51 Mn	82.25%

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