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
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