F5 (FFIV) Operating Expenses (2009 - 2026)
F5 (FFIV) reported Operating Expenses of $481.8 million for Q1 2026, up 11.71% on a YoY basis from $431.3 million in Q1 2025, and up 5.54% sequentially from $456.5 million in Q4 2025.
F5 (FFIV) Operating Expenses (2009 - 2026) Analysis & Trends
F5 (FFIV) has 18 years of Operating Expenses data on file, last reported at $481.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 11.71% year-over-year to $481.8 million; the trailing twelve-month figure through Mar 2026 stood at $1.8 billion (up 10.49% YoY), and the FY2025 full-year result was $1.7 billion, up 9.27% from the prior year.
- Operating Expenses improved to $481.8 million in Q1 2026, 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.
- A 5-year average of $432.2 million and a median of $435.4 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses declined 13.75% in 2023 and rose 11.8% in 2025, its largest moves.
- Tracing FFIV's Operating Expenses over 5 years: stood at $454.2 million in 2022, then decreased by 13.75% to $391.7 million in 2023, then gained by 7.46% to $420.9 million in 2024, then rose by 8.46% to $456.5 million in 2025, then gained by 5.54% to $481.8 million in 2026.
- Business Quant data shows FFIV's Operating Expenses at $481.8 million in Q1 2026, $456.5 million in Q4 2025, and $460.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | F5 | 23.06 Bn | 21.62 Bn | 660.80 Mn | 481.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 481.78 Mn |
| Dec 31, 2025 | 456.49 Mn |
| Sep 30, 2025 | 460.56 Mn |
| Jun 30, 2025 | 435.43 Mn |
| Mar 31, 2025 | 431.27 Mn |
| Dec 31, 2024 | 420.90 Mn |
| Sep 30, 2024 | 411.93 Mn |
| Jun 30, 2024 | 395.98 Mn |
| Mar 31, 2024 | 400.28 Mn |
| Dec 31, 2023 | 391.69 Mn |
| Sep 30, 2023 | 394.27 Mn |
| Jun 30, 2023 | 457.39 Mn |
| Mar 31, 2023 | 441.48 Mn |
| Dec 31, 2022 | 454.16 Mn |
| Sep 30, 2022 | 445.04 Mn |
| Jun 30, 2022 | 436.29 Mn |
| Mar 31, 2022 | 433.22 Mn |
| Dec 31, 2021 | 437.88 Mn |
| Sep 30, 2021 | 426.96 Mn |
| Jun 30, 2021 | 434.20 Mn |