F5 (FFIV) Net Margin (2009 - 2026)

F5 (FFIV) posted Net Margin of 18.2% for Q1 2026, down 16.85% sequentially from 21.89% in Q4 2025, and down 170.0% YoY from 26.0% in Q1 2025.

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

F5 has reported Net Margin for 18 years, with the latest figure at 18.2% in Q1 2026.

Quarterly Net Margin fell 170.0% year-over-year to 18.2% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.96% (up 83.0% YoY) and the FY2025 annual result came in at 22.42%, up 229.0% from the prior year.
Net Margin declined to 18.2% in Q1 2026 per FFIV's latest filing, from 21.89% in the prior quarter.
Over five years, Net Margin peaked at 24.34% in Q2 2025 and troughed at 8.87% in Q1 2022.
A 5-year average of 17.64% and a median of 19.9% in 2025 frame the typical range for Net Margin.
The sharpest annual moves came in 2022 and 2023: Net Margin sank 347 bps in 2022, then surged 964 bps in 2023.
Over 5 years, Net Margin stood at 10.34% in 2022, then soared by 93 bps to 19.98% in 2023, then gained by 9 bps to 21.72% in 2024, then grew by 1 bps to 21.89% in 2025, then fell by 17 bps to 18.2% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 18.2%, 21.89%, and 23.52% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Microsoft	3,576.39 Bn	3,443.64 Bn	60.48 Bn	36.78%
2	Palantir Technologies	412.58 Bn	403.17 Bn	1.64 Bn	55.08%
3	Oracle	407.66 Bn	375.77 Bn	-	30.88%
4	Palo Alto Networks	299.27 Bn	296.16 Bn	2.03 Bn	-5.90%
5	Fortinet	115.83 Bn	111.76 Bn	1.64 Bn	29.55%
6	Cloudflare	106.65 Bn	102.48 Bn	499.52 Mn	-24.42%
7	Synopsys	76.61 Bn	74.41 Bn	1.77 Bn	2.69%
8	CoreWeave	51.53 Bn	45.99 Bn	1.70 Bn	-24.31%
9	Block	47.55 Bn	41.12 Bn	3.17 Bn	1.32%
10	F5	22.37 Bn	20.76 Bn	711.51 Mn	24.07%

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