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| 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 |