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| 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 |