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F5 (FFIV) Operating Expenses (2016 - 2025)

F5's Operating Expenses history spans 17 years, with the latest figure at $456.5 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 8.46% year-over-year to $456.5 million; the TTM value through Dec 2025 reached $1.8 billion, up 9.49%, while the annual FY2025 figure was $1.7 billion, 9.27% up from the prior year.
  • Operating Expenses for Q4 2025 was $456.5 million at F5, down from $460.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $463.2 million in Q1 2021 and bottomed at $391.7 million in Q4 2023.
  • The 5-year median for Operating Expenses is $434.8 million (2021), against an average of $431.4 million.
  • The largest annual shift saw Operating Expenses rose 16.23% in 2021 before it fell 13.75% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $437.9 million in 2021, then rose by 3.72% to $454.2 million in 2022, then dropped by 13.75% to $391.7 million in 2023, then rose by 7.46% to $420.9 million in 2024, then increased by 8.46% to $456.5 million in 2025.
  • Per Business Quant, the three most recent readings for FFIV's Operating Expenses are $456.5 million (Q4 2025), $460.6 million (Q3 2025), and $435.4 million (Q2 2025).