F5 (FFIV) Operating Expenses (2009 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at F5 was $1.9 billion, up 11.6% year-over-year; for FY2025 (ended Sep 30, 2025), it was $1.75 billion, up 9.3% from FY2024.

• Annual Operating Expenses shows a five-year compound annual growth rate of 2.4% (FY2020 to FY2025).
• In prior fiscal years, F5's Operating Expenses was $1.6 billion in FY2024 (-8.4%), $1.75 billion in FY2023 (-0.3%), $1.75 billion in FY2022 (+2.1%) and $1.72 billion in FY2021 (+10.7%).
• The fiscal Q3 2026 figure stands as the highest quarterly Operating Expenses in data going back to fiscal Q3 2009.
• On a year-over-year basis, Operating Expenses has increased in each of the last eight quarters, with growth averaging 9.5% over the last eight quarters.
• The strongest year-over-year quarter for Operating Expenses in the past five years was fiscal Q3 2026, with growth of 14.4%; the weakest was fiscal Q1 2024, with a decline of 13.8%.
• According to Business Quant data, Operating Expenses for the three prior fiscal quarters was $481.78 million (Q2 2026), $456.49 million (Q1 2026) and $460.56 million (Q4 2025).