Nutanix (NTNX) Operating Expenses (2015 - 2026)
Nutanix's (NTNX) quarterly Operating Expenses came in at $540.3 million in 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.
Analysis
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.
- On a quarterly basis, Operating Expenses rose 6.49% year-over-year to $540.3 million in Q2 2026; TTM through Apr 2026 was $2.2 billion, a 9.54% increase from a year earlier, with the FY2025 full-year figure at $2.0 billion, up 11.75% from the prior year.
- Operating Expenses was $540.3 million for Q2 2026 at Nutanix, down 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.
- Across the five-year window, Operating Expenses decreased 7.57% in 2022 and climbed 12.84% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $431.8 million in 2022, then grew by 0.7% to $434.8 million in 2023, then advanced by 10.63% to $481.0 million in 2024, then gained by 10.96% to $533.8 million in 2025, then advanced by 1.22% to $540.3 million in 2026.
- The last three Operating Expenses figures came in at $540.3 million (Q2 2026), $547.4 million (Q1 2026), and $533.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,711.27 Bn | 3,578.52 Bn | 60.48 Bn | 12.28 Bn |
| 2 | International Business Machines | 221.25 Bn | 209.98 Bn | 9.91 Bn | 7.29 Bn |
| 3 | Nebius | 57.28 Bn | 49.24 Bn | 448.70 Mn | 758.20 Mn |
| 4 | CoreWeave | 49.24 Bn | 43.70 Bn | 1.70 Bn | 2.62 Bn |
| 5 | Nutanix | 18.40 Bn | 16.38 Bn | 610.79 Mn | 540.28 Mn |
| 6 | DigitalOcean Holdings | 11.81 Bn | 11.04 Bn | 154.66 Mn | 125.29 Mn |
| 7 | Kingsoft Cloud Holdings | 3.27 Bn | 2.57 Bn | 68.71 Mn | -65.32 Mn |
| 8 | SharonAI Holdings | 2.00 Bn | 139.21 Mn | 1.17 Mn | 8.69 Mn |
| 9 | Tuya | 1.16 Bn | 182.03 Mn | 43.05 Mn | -33.74 Mn |
| 10 | Backblaze | 776.06 Mn | 724.68 Mn | - | - |
Historic Data
Download Data
Historic 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 |