F5 profit margin FFIV
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 22.0%
- Operating margin, 12 months
- 24.5%
- Net margin on a year earlier
- −0.1 pts
- Peer median
- 8.4%
Over the twelve months to Jun 30, 2026, F5 kept 22.0% of its revenue as net profit, with an operating margin of 24.5% and a gross margin of 81.9%.
Five years earlier its net margin was 11.8%.
The median for 10 infrastructure software stocks of a similar size is 8.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 22.4% | 24.8% | 81.4% |
| FY2024 | 20.1% | 23.4% | 80.2% |
| FY2023 | 14.0% | 16.8% | 78.9% |
| FY2022 | 12.0% | 15.0% | 80.0% |
| FY2021 | 12.7% | 15.1% | 81.1% |
| FY2020 | 13.1% | 16.7% | 82.6% |
| FY2019 | 19.1% | 23.1% | 84.1% |
| FY2018 | 21.0% | 27.3% | 83.3% |
| FY2017 | 20.1% | 27.0% | 83.1% |
| FY2016 | 18.3% | 27.4% | 83.1% |
| FY2015 | 19.0% | 28.8% | 82.7% |
| FY2014 | 18.0% | 28.5% | 82.1% |
| FY2013 | 18.7% | 29.1% | 82.9% |
| FY2012 | 20.0% | 31.0% | 82.9% |
| FY2011 | 21.0% | 30.4% | 81.9% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 22.0% | −0.1 pts | 24.5% | |
| Q2 FY26 | 22.0% | +0.8 pts | 24.7% | |
| Q1 FY26 | 22.5% | +1.9 pts | 24.7% | |
| Q4 FY25 | 22.4% | +2.3 pts | 24.8% | |
| Q3 FY25 | 22.1% | +2.1 pts | 24.8% | |
| Q2 FY25 | 21.1% | +3.2 pts | 24.4% | |
| Q1 FY25 | 20.6% | +4.2 pts | 24.2% | |
| Q4 FY24 | 20.1% | +6.1 pts | 23.4% | |
| Q3 FY24 | 19.9% | +8.1 pts | 23.0% | |
| Q2 FY24 | 17.9% | +6.2 pts | 20.8% | |
| Q1 FY24 | 16.4% | +5.3 pts | 19.5% | |
| Q4 FY23 | 14.0% | +2.1 pts | 16.8% |
Against its peers
Companies in Software - Infrastructure nearest F5's size, closest first, today.
| Company | Profit margin |
|---|---|
| FFIVF5 | 22.0% |
| IOTSamsara | 4.9% |
| RBRKRubrik | −16.5% |
| CPAYCorpay | 22.7% |
| VRSNVeriSign | 49.8% |
| MDBMongoDB | 2.1% |
| PTCPTC | 41.4% |
| NTNXNutanix | 52.8% |
| TOSTToast | 7.1% |
| DTDynatrace | 7.2% |
| OKTAOkta | 9.6% |
| Peer median | 8.4% |
Where F5 ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on F5
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.