F5 (FFIV) Operating Expenses (2009 - 2026)
F5 (FFIV) posted Operating Expenses of $481.8 million for Q1 2026, up 5.54% sequentially from $456.5 million in Q4 2025, and up 11.71% YoY from $431.3 million in Q1 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.
- Quarterly Operating Expenses rose 11.71% year-over-year to $481.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.8 billion (up 10.49% YoY) and the FY2025 annual result came in at $1.7 billion, up 9.27% from the prior year.
- Operating Expenses improved to $481.8 million in Q1 2026 per FFIV's latest filing, from $456.5 million in the prior quarter.
- The five-year high for Operating Expenses was $481.8 million in Q1 2026, with the low at $391.7 million in Q4 2023.
- Average Operating Expenses over 5 years is $432.2 million, with a median of $435.4 million recorded in 2025.
- Year-over-year, Operating Expenses slipped 13.75% in 2023 and grew 11.8% in 2025.
- F5's Operating Expenses stood at $454.2 million in 2022, then fell by 13.75% to $391.7 million in 2023, then increased by 7.46% to $420.9 million in 2024, then grew by 8.46% to $456.5 million in 2025, then increased 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 | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | F5 | 24.05 Bn | 22.61 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 |