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-on-year from $507.3 million in Q2 2025, and down 1.3% on a QoQ basis 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.

  • 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 for Q2 2026 stood at $540.3 million, down 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.
  • Historically, Operating Expenses has averaged $471.7 million across 5 years, with a median of $456.4 million in 2023.
  • Across the five-year window, Operating Expenses retreated 7.57% in 2022 and advanced 12.84% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $431.8 million in 2022, then advanced by 0.7% to $434.8 million in 2023, then rose by 10.63% to $481.0 million in 2024, then increased by 10.96% to $533.8 million in 2025, then rose by 1.22% to $540.3 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 2,921.46 Bn 2,797.02 Bn 56.06 Bn 8.75 Bn
2 PagSeguro Digital 2,686.70 Bn 2,686.70 Bn 358.92 Mn -363.49 Mn
3 Oracle 344.13 Bn 312.24 Bn - 13.05 Bn
4 Repay Holdings 342.29 Bn 342.15 Bn - -
5 Palantir Technologies 294.57 Bn 286.54 Bn 1.42 Bn 662.79 Mn
6 Palo Alto Networks 224.46 Bn 219.93 Bn 1.91 Bn 1.51 Bn
7 CrowdStrike Holdings 182.52 Bn 179.42 Bn 993.68 Mn 979.89 Mn
8 Fortinet 111.29 Bn 107.99 Bn 1.49 Bn 905.10 Mn
9 Cloudflare 93.63 Bn 92.68 Bn 455.60 Mn 517.59 Mn
10 Nutanix 15.69 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