nCino (NCNO) Operating Expenses (2021 - 2026)
nCino (NCNO) recorded Operating Expenses of $87.16 million in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 10.5% from $97.42 million a year earlier.
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Analysis
nCino (NCNO) Operating Expenses (2021 - 2026) Analysis & Trends
On a TTM basis, nCino's Operating Expenses came in at $355.64 million as of Jul 31, 2026, down 1.6% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $356.44 million, up 3.9% from FY2025.
- Annual Operating Expenses has a five-year compound annual growth rate of 17.6% (FY2021 to FY2026).
- Across earlier fiscal years, Operating Expenses came in at $342.92 million in FY2025 (+5.6%), $324.59 million in FY2024 (-2.4%), $332.72 million in FY2023 (+42.3%) and $233.81 million in FY2022 (+47.3%).
- Quarterly Operating Expenses has ranged from $55.51 million in fiscal Q3 2022 to $97.42 million in fiscal Q2 2026 over the past five years.
- On a year-over-year basis, Operating Expenses rose in three of the last seven quarters, with growth averaging 3.0%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 57.5% in fiscal Q1 2023, against a decline of 11.3% in fiscal Q4 2024 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 1.33 Bn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 7.26 Bn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 2.72 Bn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | 128.25 Mn |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | 260.40 Mn |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | 4.28 Bn |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | 2.98 Bn |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 207.36 Mn |
| 10 | nCino | 1.96 Bn | 1.59 Bn | 100.77 Mn | 87.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 87.16 Mn |
| Jan 31, 2026 | 89.10 Mn |
| Oct 31, 2025 | 81.97 Mn |
| Jul 31, 2025 | 97.42 Mn |
| Apr 30, 2025 | 87.96 Mn |
| Jan 31, 2025 | 90.10 Mn |
| Oct 31, 2024 | 85.88 Mn |
| Jul 31, 2024 | 86.38 Mn |
| Apr 30, 2024 | 80.57 Mn |
| Jan 31, 2024 | 77.67 Mn |
| Oct 31, 2023 | 86.82 Mn |
| Jul 31, 2023 | 83.98 Mn |
| Apr 30, 2023 | 76.11 Mn |
| Jan 31, 2023 | 87.59 Mn |
| Oct 31, 2022 | 80.58 Mn |
| Jul 31, 2022 | 83.41 Mn |
| Apr 30, 2022 | 81.14 Mn |
| Jan 31, 2022 | 73.66 Mn |
| Oct 31, 2021 | 55.51 Mn |
| Jul 31, 2021 | 53.11 Mn |
API Access
nCino Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=NCNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "NCNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=NCNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();