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 has reported Operating Expenses for 18 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at $481.8 million in Q1 2026 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses retreated 13.75% in 2023, then advanced 11.8% in 2025.
- Over 5 years, Operating Expenses stood at $454.2 million in 2022, then declined by 13.75% to $391.7 million in 2023, then grew by 7.46% to $420.9 million in 2024, then climbed by 8.46% to $456.5 million in 2025, then grew by 5.54% to $481.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $481.8 million, $456.5 million, and $460.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | F5 | 22.37 Bn | 20.76 Bn | 711.51 Mn | 498.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 498.25 Mn |
| 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 |