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Nutanix (NTNX) operating margin by quarter

Nutanix's operating margin was 9.2% in Q4 FY26 (fourth quarter fiscal 2026), -0.8 pts from Q3 FY26. Over the last 7 quarters it ranged from 4.8% (Q4 FY25) to 11.6% (Q2 FY26).

Nutanix operating margin by quarterNutanix operating margin by quarter10.0%Q2 FY257.6%Q3 FY254.8%Q4 FY257.4%Q1 FY2611.6%Q2 FY2610.0%Q3 FY269.2%Q4 FY26
QuarterOperating marginQ/QY/Y
Q4 FY269.2%-0.8 pts+4.5 pts
Q3 FY2610.0%-1.6 pts+2.4 pts
Q2 FY2611.6%+4.3 pts+1.6 pts
Q1 FY267.4%+2.6 pts—
Q4 FY254.8%-2.8 pts—
Q3 FY257.6%-2.4 pts—
Q2 FY2510.0%——

Q4 FY26 at a glance

Nutanix, Q4 FY26: revenue $757M (+16% year over year), operating margin 9.2%, net earnings $1.3B, operating cash flow $315M. The chart follows the revenue to costs, profit and cash.

Questions

What is Nutanix's operating margin?

Nutanix's operating margin was 9.2% in Q4 FY26 (fourth quarter fiscal 2026), -0.8 pts from Q3 FY26.

How has Nutanix's operating margin changed?

Over the last 7 quarters it ranged from 4.8% (Q4 FY25) to 11.6% (Q2 FY26).

Q4 FY26 results → · How Nutanix makes money →