Filing Flows › F5 (FFIV) › Q3 FY26 › vs Q3 FY25
F5 (FFIV) Q3 FY26 vs Q3 FY25 (year over year)
F5's revenue rose $84.7M (+11%) from $780M in Q3 FY25 to $865M in Q3 FY26. The biggest changes: Product +$74.0M (+19%); Service +$10.7M (+3%). Gross margin 82.2% against 81.0% (+1.3 pts).
F5, Q3 FY26: revenue $865M (+11% year over year), operating margin 24.7%, net earnings $208M, operating cash flow $316M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 82.2% | 81.0% | +1.3 pts |
| Operating margin | 24.7% | 25.2% | -0.5 pts |
| Net margin | 24.1% | 24.3% | -0.3 pts |
| Free cash flow margin | 32.4% | 35.1% | -2.6 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Product | $463M | $389M | $74.0M | +19% |
| Service | $402M | $392M | $10.7M | +3% |
| Revenue | $865M | $780M | $84.7M | +11% |
| Gross profit | $712M | $632M | $79.8M | +13% |
| Cost of revenue | $154M | $149M | $4.9M | +3% |
| Other income, net | $12.9M | $16.7M | −$3.8M | -23% |
| Operating profit | $213M | $196M | $16.9M | +9% |
| Operating expenses | $498M | $435M | $62.8M | +14% |
| Pre-tax earnings | $226M | $213M | $13.2M | +6% |
| Research & development | $165M | $136M | $28.3M | +21% |
| Sales & marketing | $238M | $220M | $17.6M | +8% |
| General & admin | $95.6M | $78.7M | $16.9M | +22% |
| Net earnings | $208M | $190M | $18.3M | +10% |
| Income tax | $18.0M | $23.1M | −$5.1M | -22% |
| Depreciation & amortization | $23.4M | $22.5M | $957K | +4% |
| Share-based compensation | $65.5M | $57.5M | $8.1M | +14% |
| Working capital & other | $19.1M | $12.4M | $6.7M | +54% |
| Operating cash flow | $316M | $282M | $34.0M | +12% |
| Free cash flow (OCF − capex) | $281M | $274M | $6.9M | +3% |
| Capital expenditures | $35.6M | $8.5M | $27.1M | +317% |
Questions
How much did F5's revenue grow year over year in Q3 FY26?
F5's revenue rose $84.7M (+11%) from $780M in Q3 FY25 to $865M in Q3 FY26.
What drove F5's revenue change in Q3 FY26?
Product +$74.0M (+19%); Service +$10.7M (+3%).