Filing Flows › Technology › F5 (FFIV)
F5 (FFIV) earnings and revenue breakdown
Latest: Q3 FY26 · 10-Q filed Aug 6, 2026 · F5 (FFIV) Q3 FY26 earnings results →
Q3 FY26 Revenue up 11% year over year to $865M · 24¢ of every $1 of revenue kept as net profit · operating margin 24.7%
F5 made $865M in Q3 FY26 (+11% Y/Y): Product $463M, Service $402M. Operating margin 24.7%, net earnings $208M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $865.1M in Q3 FY26, up 11% year over year and up 7% from the previous quarter. Product was the largest line at 54% of revenue. Product added $74.0M year over year (up 19%), 87% of the total change.
Gross margin was 82.2%, up 1.3 points from Q3 FY25. Operating profit was $213.3M, a 24.7% margin (down 0.5 points year over year). Of the extra revenue versus Q3 FY25, 20% reached operating profit, below the 25% margin then. Operating expenses grew 14% against revenue growth of 11%. The fastest-growing cost line was General & admin (+22%). Net earnings were $208.2M, up 10% year over year. The effective tax rate was 8.0%.
Operating cash flow was $316.2M (up 12% year over year), 152% of net earnings. Non-cash charges added back $23.4M of depreciation and amortization and $65.5M of share-based compensation. Working capital and other items added $19.1M. Capital expenditures of $35.6M left free cash flow of $280.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 FY26 | 10-Q | Aug 6, 2026 | $865M | +11% | 24.7% | $208M | $316M |
| Q2 FY26 | 10-Q | May 5, 2026 | $812M | +11% | 22.1% | $148M | $366M |
| Q1 FY26 | 10-Q | Feb 5, 2026 | $822M | +7% | 26.0% | $180M | $159M |
| Q4 FY25 | 10-K | Nov 25, 2025 | $810M | +8% | 25.4% | $190M | $208M |
| Q3 FY25 | 10-Q | Aug 6, 2025 | $780M | +12% | 25.2% | $190M | $282M |
| Q2 FY25 | 10-Q | May 6, 2025 | $731M | +7% | 21.7% | $146M | $257M |
| Q4 FY24 | 10-K | Nov 18, 2024 | $747M | +6% | 25.6% | $165M | $247M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About F5
F5 is a multicloud application delivery and security provider committed to bringing a better digital world to life. F5 partners with the world’s largest, most advanced organizations to optimize and secure every application and Application Programming Interface ("API") anywhere, including on-premises, in the cloud, and at the network edge. F5 enables businesses to continuously stay ahead of threats while delivering exceptional, secure digital experiences for their customers. Our application delivery and security solutions are available in a range of deployment and consumption models. We sell packaged software in perpetual, subscription, and usage-based consumption models. We also sell our solutions in software-as-a-service ("SaaS") and managed services deployment models with subscription and usage-based consumption models.
In its own words, from its 10-K, filed Nov 25, 2025.
F5 against its Computer Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +11%. Operating margin: 24.7% against the peers' median 16.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FFIV F5 | Q3 FY26 | $865M | +11% | 24.7% |
| CSCO Cisco Systems | Q4 FY26 | $17.3B | +18% | 24.7% |
| ANET Arista Networks | Q3 2026 | $3.7B | +58% | 44.9% |
| EXTR Extreme Networks | Q1 FY27 | $341M | +10% | 6.8% |
| NTGR Netgear | Q3 2026 | $167M | -9% | -8.2% |
| DGII Digi International | Q3 FY26 | $139M | +29% | 16.5% |
| ATEN A10 Networks | Q3 2026 | $91.5M | +23% | 20.0% |
| LTRX Lantronix | Q4 FY26 | $31.2M | +8% | -1.3% |
| FOXX Foxx Development Holdings | Q4 FY26 | $7.0M | -50% | -97.7% |
Source: F5 10-Q on SEC EDGAR · CIK 1048695 · Computer Communications Equipment
Guidance and outlook
13F: who owns FFIV and who is buying
More on FFIV
History
Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results