Nutanix (NTNX) Operating Expenses (2015 - 2026)

Nutanix (NTNX) reported Operating Expenses of $540.3 million for Q2 2026, up 6.49% year-over-year from $507.3 million in Q2 2025, and down 1.3% quarter-over-quarter from $547.4 million in Q1 2026.

Nutanix (NTNX) Operating Expenses (2015 - 2026) Analysis & Trends

Nutanix (NTNX) has 12 years of Operating Expenses data on file, last reported at $540.3 million in Q2 2026.

  • Operating Expenses for Q2 2026 came in at $540.3 million, up 6.49% year-over-year; the trailing twelve-month figure through Apr 2026 was $2.2 billion (up 9.54% YoY), and the FY2025 annual result was $2.0 billion, up 11.75% from the prior year.
  • Operating Expenses slipped to $540.3 million in Q2 2026 per NTNX's latest filing, from $547.4 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $547.4 million in Q1 2026 and troughed at $416.5 million in Q2 2022.
  • A 5-year average of $471.7 million and a median of $456.4 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses slipped 7.57% in 2022, then grew 12.84% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $431.8 million in 2022, then increased by 0.7% to $434.8 million in 2023, then climbed by 10.63% to $481.0 million in 2024, then advanced by 10.96% to $533.8 million in 2025, then climbed by 1.22% to $540.3 million in 2026.
  • Business Quant data shows NTNX's Operating Expenses at $540.3 million in Q2 2026, $547.4 million in Q1 2026, and $533.8 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,998.30 Bn 2,920.03 Bn 56.06 Bn 10.85 Bn
2 Alarum Technologies 1,040.72 Bn 1,026.57 Bn 7.23 Mn 6.42 Mn
3 Oracle 590.32 Bn 551.74 Bn 15.14 Bn 11.73 Bn
4 Palantir Technologies 316.31 Bn 308.39 Bn 1.42 Bn 662.79 Mn
5 Palo Alto Networks 181.17 Bn 176.63 Bn 1.91 Bn 1.51 Bn
6 CrowdStrike Holdings 161.69 Bn 158.63 Bn 993.68 Mn 979.89 Mn
7 Fortinet 102.35 Bn 99.06 Bn 1.49 Bn 905.10 Mn
8 Synopsys 88.25 Bn 88.13 Bn 1.77 Bn 1.57 Bn
9 Cloudflare 83.26 Bn 82.32 Bn 455.60 Mn 517.59 Mn
10 Nutanix 13.41 Mn -2.00 Bn 610.79 Mn 540.28 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 540.28 Mn
Jan 31, 2026 547.42 Mn
Oct 31, 2025 533.77 Mn
Jul 31, 2025 538.23 Mn
Apr 30, 2025 507.35 Mn
Jan 31, 2025 504.00 Mn
Oct 31, 2024 481.04 Mn
Jul 31, 2024 479.16 Mn
Apr 30, 2024 456.55 Mn
Jan 31, 2024 446.63 Mn
Oct 31, 2023 434.80 Mn
Jul 31, 2023 425.10 Mn
Apr 30, 2023 424.79 Mn
Jan 31, 2023 456.20 Mn
Oct 31, 2022 431.77 Mn
Jul 31, 2022 439.42 Mn
Apr 30, 2022 416.51 Mn
Jan 31, 2022 427.89 Mn
Oct 31, 2021 434.33 Mn
Jul 31, 2021 455.42 Mn