Nutanix (NTNX) Operating Expenses (2015 - 2026)
Nutanix (NTNX) posted quarterly Operating Expenses of $540.3 million for Q2 2026, up 6.49% YoY from $507.3 million in Q2 2025, and down 1.3% sequentially from $547.4 million in Q1 2026.
Nutanix (NTNX) Operating Expenses (2015 - 2026) Analysis & Trends
Nutanix has disclosed Operating Expenses across 12 years of filings, most recently posting $540.3 million for 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 declined to $540.3 million in Q2 2026, from $547.4 million in the prior quarter.
- Over the last five years, Operating Expenses for NTNX reached as high as $547.4 million in Q1 2026 and fell as low as $416.5 million in Q2 2022.
- The 5-year median for Operating Expenses is $456.4 million (2023), against an average of $471.7 million.
- Annual changes were most pronounced in 2022 — Operating Expenses slipped 7.57% — and 2025, when it grew 12.84%.
- 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.
- According to Business Quant data, Operating Expenses over the past three periods registered $540.3 million, $547.4 million, and $533.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 13.05 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.08 Bn |
| 10 | Nutanix | 13.62 Mn | -2.00 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 |