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
DateValue
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