F5 (FFIV) Operating Margin (2009 - 2026)

F5 (FFIV) reported Operating Margin of 22.05% for Q1 2026, up 32.0% on a YoY basis from 16.71% in Q1 2025, and down 15.31% sequentially from 26.04% in Q4 2025.

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

F5 (FFIV) has 18 years of Operating Margin data on file, last reported at 22.05% in Q1 2026.

  • For the quarter ending Q1 2026, Operating Margin rose 32.0% year-over-year to 22.05%; the trailing twelve-month figure through Mar 2026 stood at 24.66% (up 23.0% YoY), and the FY2025 full-year result was 24.8%, up 142.0% from the prior year.
  • Operating Margin declined to 22.05% in Q1 2026, from 26.04% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 26.76% in Q4 2024 to a low of 11.77% in Q1 2022.
  • A 5-year average of 20.63% and a median of 22.05% in 2026 frame the typical range for Operating Margin.
  • Across the five-year window, Operating Margin sank 359 bps in 2022 and jumped 1073 bps in 2023, its largest moves.
  • Tracing FFIV's Operating Margin over 5 years: stood at 13.02% in 2022, then soared by 82 bps to 23.75% in 2023, then advanced by 13 bps to 26.76% in 2024, then declined by 3 bps to 26.04% in 2025, then dropped by 15 bps to 22.05% in 2026.
  • Business Quant data shows FFIV's Operating Margin at 22.05% in Q1 2026, 26.04% in Q4 2025, and 25.39% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Microsoft 2,921.46 Bn 2,797.02 Bn 56.06 Bn 46.33%
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn 75.95%
3 Oracle 344.13 Bn 312.24 Bn - 31.97%
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 46.18%
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 15.30%
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 1.06%
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 31.36%
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn -9.69%
10 F5 23.06 Bn 21.62 Bn 660.80 Mn 22.05%

Historic Data

Download Data
DateValue
Mar 31, 2026 22.05%
Dec 31, 2025 26.04%
Sep 30, 2025 25.39%
Jun 30, 2025 25.16%
Mar 31, 2025 21.73%
Dec 31, 2024 26.76%
Sep 30, 2024 25.58%
Jun 30, 2024 23.45%
Mar 31, 2024 20.54%
Dec 31, 2023 23.75%
Sep 30, 2023 24.29%
Jun 30, 2023 14.74%
Mar 31, 2023 15.08%
Dec 31, 2022 13.02%
Sep 30, 2022 15.36%
Jun 30, 2022 15.93%
Mar 31, 2022 11.77%
Dec 31, 2021 16.61%
Sep 30, 2021 18.53%
Jun 30, 2021 14.80%