F5 FFIV
NASDAQ FFIV
$388.47 -2.00 (-0.51%)
As of: Sep 8, 2026 · 12:36 PM EDT

F5 (FFIV) Operating Expenses (2009 - 2026)

F5's (FFIV) quarterly Operating Expenses came in at $498.2 million in Q2 2026, up 14.43% year-over-year from $435.4 million in Q2 2025, and up 3.42% quarter-over-quarter from $481.8 million in Q1 2026.

Analysis

F5 (FFIV) Operating Expenses (2009 - 2026) Analysis & Trends

F5 has disclosed Operating Expenses across 18 years of filings, most recently posting $498.2 million for Q2 2026.

  • In Q2 2026, Operating Expenses rose 14.43% year-over-year to $498.2 million; the TTM figure through Jun 2026 stood at $1.9 billion (up 11.62% YoY), while the FY2025 annual figure was $1.7 billion, up 9.27% from the prior year.
  • Operating Expenses came in at $498.2 million for Q2 2026 at F5, up from $481.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $498.2 million in Q2 2026 to a low of $391.7 million in Q4 2023.
  • Average Operating Expenses over 5 years is $435.9 million, with a median of $435.9 million recorded in 2022.
  • Year-over-year, Operating Expenses fell 13.75% in 2023 and grew 14.43% in 2026.
  • Over 5 years, Operating Expenses stood at $454.2 million in 2022, then slipped by 13.75% to $391.7 million in 2023, then advanced by 7.46% to $420.9 million in 2024, then gained by 8.46% to $456.5 million in 2025, then increased by 9.15% to $498.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $498.2 million in Q2 2026, $481.8 million in Q1 2026, and $456.5 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Palo Alto Networks 268.31 Bn 265.20 Bn 2.03 Bn 2.21 Bn
2 CrowdStrike Holdings 213.19 Bn 208.17 Bn 1.10 Bn 1.13 Bn
3 Fortinet 113.86 Bn 109.79 Bn 1.64 Bn 953.90 Mn
4 Axon Enterprise 40.94 Bn 40.27 Bn 546.45 Mn 499.67 Mn
5 Zscaler 26.09 Bn 22.61 Bn - -
6 F5 22.02 Bn 20.41 Bn 711.51 Mn 498.25 Mn
7 Rubrik 18.81 Bn 17.06 Bn 335.12 Mn 407.03 Mn
8 Gen Digital 17.76 Bn 17.20 Bn 1.03 Bn 586.00 Mn
9 Check Point Software Technologies 14.24 Bn 11.96 Bn 574.10 Mn 488.50 Mn
10 SentinelOne 6.62 Bn 5.96 Bn 210.42 Mn 301.18 Mn
Historic Data

Historic Data

Download Data
DateValue
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