Nutanix (NTNX) Operating Expenses (2015 - 2026)
Nutanix (NTNX) posted quarterly 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 reported Operating Expenses for 12 consecutive years, with $540.3 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 6.49% year-over-year to $540.3 million; the TTM figure through Apr 2026 stood at $2.2 billion (up 9.54% YoY), while the FY2025 annual figure was $2.0 billion, up 11.75% from the prior year.
- Operating Expenses fell to $540.3 million in Q2 2026 per NTNX's latest filing, from $547.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $547.4 million in Q1 2026 and bottomed at $416.5 million in Q2 2022.
- Historically, Operating Expenses has averaged $471.7 million across 5 years, with a median of $456.4 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses slipped 7.57% — and 2025, when it grew 12.84%.
- Nutanix's Operating Expenses stood at $431.8 million in 2022, then rose by 0.7% to $434.8 million in 2023, then grew by 10.63% to $481.0 million in 2024, then climbed by 10.96% to $533.8 million in 2025, then grew 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.
Powered by 
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 | Nutanix | 17.48 Bn | 15.46 Bn | 610.79 Mn | 540.28 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |