F5 (FFIV) Net Margin (2009 - 2026)
F5 (FFIV) recorded Net Margin of 24.07% in fiscal Q3 2026 (quarter ended Jun 30, 2026), down 0.27 percentage points from 24.34% a year earlier but up 5.86 percentage points from the prior quarter.
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Analysis
F5 (FFIV) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, F5's Net Margin came in at 21.95% as of Jun 30, 2026, down 0.10 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 22.42%, up 2.29 percentage points from FY2024.
- Annual Net Margin has increased for three straight fiscal years, with a five-year change of +9.34 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Net Margin came in at 20.13% in FY2024 (+6.09 pp), 14.04% in FY2023 (+2.09 pp), 11.95% in FY2022 (-0.77 pp) and 12.72% in FY2021 (-0.35 pp).
- Quarterly Net Margin has ranged from 8.87% in fiscal Q2 2022 to 24.34% in fiscal Q3 2025 over the past five years.
- On a year-over-year basis, Net Margin rose in six of the last eight quarters, with an average year-over-year change of +1.00 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 9.64 percentage points in fiscal Q1 2024, against a drop of 3.47 percentage points in fiscal Q4 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 18.20% (Q2 2026), 21.89% (Q1 2026) and 23.52% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 3.97% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 3.25% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 14.41% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 7.38% |
| 10 | F5 | 24.75 Bn | 19.16 Bn | 711.51 Mn | 24.07% |
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% |
API Access
F5 Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=FFIV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "FFIV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=FFIV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();