F5 (FFIV) Operating Expenses (2009 - 2026)

F5 has disclosed Operating Expenses across 18 years of filings, most recently posting $481.8 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $481.8 million, up 11.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 10.49% YoY), and the FY2025 annual result was $1.7 billion, up 9.27% from the prior year.
• Operating Expenses came in at $481.8 million for Q1 2026 at F5, up from $456.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $481.8 million in Q1 2026 to a low of $391.7 million in Q4 2023.
• The 5-year median for Operating Expenses is $435.4 million (2025), against an average of $432.2 million.
• Across the five-year window, Operating Expenses declined 13.75% in 2023 and rose 11.8% in 2025, its largest moves.
• F5's Operating Expenses stood at $454.2 million in 2022, then slipped by 13.75% to $391.7 million in 2023, then advanced by 7.46% to $420.9 million in 2024, then gained by 8.46% to $456.5 million in 2025, then advanced by 5.54% to $481.8 million in 2026.
• The last three Operating Expenses figures came in at $481.8 million (Q1 2026), $456.5 million (Q4 2025), and $460.6 million (Q3 2025), per Business Quant data.