F5 (FFIV) Net Margin (2009 - 2026)
F5's (FFIV) quarterly Net Margin came in at 24.07% in Q2 2026, down 27.0% year-over-year from 32.97% in Q2 2025, and up 32.22% quarter-over-quarter from 18.2% in Q1 2026.
Analysis
F5 (FFIV) Net Margin (2009 - 2026) Analysis & Trends
F5 has disclosed Net Margin across 18 years of filings, most recently posting 24.07% for Q2 2026.
- In Q2 2026, Net Margin fell 27.0% year-over-year to 24.07%; the TTM figure through Jun 2026 stood at 21.95% (down 10.0% YoY), while the FY2025 annual figure was 22.42%, up 229.0% from the prior year.
- Net Margin came in at 24.07% for Q2 2026 at F5, up from 18.2% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 24.34% in Q2 2025 to a low of 8.87% in Q1 2022.
- Average Net Margin over 5 years is 18.0%, with a median of 19.94% recorded in 2023.
- Year-over-year, Net Margin plunged 347 bps in 2022 and jumped 964 bps in 2023.
- Over 5 years, Net Margin stood at 10.34% in 2022, then jumped by 93 bps to 19.98% in 2023, then increased by 9 bps to 21.72% in 2024, then advanced by 1 bps to 21.89% in 2025, then grew by 10 bps to 24.07% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 24.07% in Q2 2026, 18.2% in Q1 2026, and 21.89% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | -5.90% |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 29.55% |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 3.25% |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 24.07% |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | -14.46% |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 16.09% |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 28.77% |
| 10 | SentinelOne | 6.66 Bn | 6.00 Bn | 210.42 Mn | -31.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.07% |
| Mar 31, 2026 | 18.20% |
| Dec 31, 2025 | 21.89% |
| Sep 30, 2025 | 23.52% |
| Jun 30, 2025 | 24.34% |
| Mar 31, 2025 | 19.90% |
| Dec 31, 2024 | 21.72% |
| Sep 30, 2024 | 22.14% |
| Jun 30, 2024 | 20.72% |
| Mar 31, 2024 | 17.47% |
| Dec 31, 2023 | 19.98% |
| Sep 30, 2023 | 21.52% |
| Jun 30, 2023 | 12.66% |
| Mar 31, 2023 | 11.58% |
| Dec 31, 2022 | 10.34% |
| Sep 30, 2022 | 12.76% |
| Jun 30, 2022 | 12.31% |
| Mar 31, 2022 | 8.87% |
| Dec 31, 2021 | 13.62% |
| Sep 30, 2021 | 16.23% |