F5 (FFIV) Gross Margin (2009 - 2026)
F5's (FFIV) quarterly Gross Margin came in at 82.25% in Q2 2026, up 129.0% year-over-year from 35.92% in Q2 2025, and up 1.03% quarter-over-quarter from 81.41% in Q1 2026.
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F5 (FFIV) Gross Margin (2009 - 2026) Analysis & Trends
F5 has disclosed Gross Margin across 18 years of filings, most recently posting 82.25% for Q2 2026.
- In Q2 2026, Gross Margin rose 129.0% year-over-year to 82.25%; the TTM figure through Jun 2026 stood at 81.87% (up 84.0% YoY), while the FY2025 annual figure was 81.41%, up 122.0% from the prior year.
- Gross Margin came in at 82.25% for Q2 2026 at F5, up from 81.41% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 82.25% in Q2 2026 to a low of 77.86% in Q1 2023.
- Average Gross Margin over 5 years is 80.38%, with a median of 80.5% recorded in 2024.
- Year-over-year, Gross Margin plunged 247 bps in 2022 and surged 244 bps in 2023.
- Over 5 years, Gross Margin stood at 77.87% in 2022, then rose by 3 bps to 80.31% in 2023, then rose by 2 bps to 81.67% in 2024, then slipped by 0 bps to 81.55% in 2025, then gained by 1 bps to 82.25% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 82.25% in Q2 2026, 81.41% in Q1 2026, and 81.55% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 67.55% |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 80.24% |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 60.42% |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 82.25% |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 78.44% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 77.02% |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 85.23% |
| 10 | SentinelOne | 6.66 Bn | 6.00 Bn | 210.42 Mn | 72.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 82.25% |
| Mar 31, 2026 | 81.41% |
| Dec 31, 2025 | 81.55% |
| Sep 30, 2025 | 82.24% |
| Jun 30, 2025 | 80.95% |
| Mar 31, 2025 | 80.72% |
| Dec 31, 2024 | 81.67% |
| Sep 30, 2024 | 80.75% |
| Jun 30, 2024 | 80.38% |
| Mar 31, 2024 | 79.29% |
| Dec 31, 2023 | 80.31% |
| Sep 30, 2023 | 80.06% |
| Jun 30, 2023 | 79.84% |
| Mar 31, 2023 | 77.86% |
| Dec 31, 2022 | 77.87% |
| Sep 30, 2022 | 78.93% |
| Jun 30, 2022 | 80.62% |
| Mar 31, 2022 | 80.08% |
| Dec 31, 2021 | 80.34% |
| Sep 30, 2021 | 81.13% |