Filing Flows › Nutanix (NTNX) › Q3 FY26 › vs Q3 FY25
Nutanix (NTNX) Q3 FY26 vs Q3 FY25 (year over year)
Nutanix's revenue rose $64.1M (+10%) from $639M in Q3 FY25 to $703M in Q3 FY26. The biggest changes: Subscription and Circulation +$55.1M (+9%); Professional Services +$9.0M (+31%). Gross margin 86.9% against 87.0% (-0.1 pts).
Nutanix, Q3 FY26: revenue $703M (+10% year over year), operating margin 10.0%, net earnings $72.1M, operating cash flow $208M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 86.9% | 87.0% | -0.1 pts |
| Operating margin | 10.0% | 7.6% | +2.4 pts |
| Net margin | 10.3% | 9.9% | +0.3 pts |
| Free cash flow margin | 28.0% | 31.8% | -3.8 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Subscriptionand Circulation Software Termbased Licenses | $342M | $330M | $12.2M | +4% |
| Subscriptionand Circulation Software Entitlementand Support Subscription | $323M | $280M | $42.9M | +15% |
| Subscription and Circulation | $665M | $610M | $55.1M | +9% |
| Professional Services | $38.3M | $29.3M | $9.0M | +31% |
| Revenue | $703M | $639M | $64.1M | +10% |
| Gross profit | $611M | $556M | $54.8M | +10% |
| Cost of revenue | $92.3M | $83.0M | $9.3M | +11% |
| Other income, net | $10.8M | $16.0M | −$5.1M | -32% |
| Operating profit | $70.5M | $48.6M | $21.9M | +45% |
| Operating expenses | $540M | $507M | $32.9M | +6% |
| Pre-tax earnings | $81.3M | $64.6M | $16.7M | +26% |
| Research & development | $196M | $186M | $9.7M | +5% |
| Sales & marketing | $284M | $260M | $23.2M | +9% |
| General & admin | $60.6M | $60.5M | $43K | +0.1% |
| Net earnings | $72.1M | $63.4M | $8.7M | +14% |
| Income tax | $9.2M | $1.2M | $8.0M | +647% |
| Depreciation & amortization | $17.2M | $18.0M | −$865K | -5% |
| Share-based compensation | $82.8M | $84.2M | −$1.4M | -2% |
| Working capital & other | $35.4M | $52.9M | −$17.4M | -33% |
| Operating cash flow | $208M | $219M | −$11.0M | -5% |
| Free cash flow (OCF − capex) | $197M | $203M | −$6.2M | -3% |
| Capital expenditures | $10.3M | $15.1M | −$4.8M | -32% |
Questions
How much did Nutanix's revenue grow year over year in Q3 FY26?
Nutanix's revenue rose $64.1M (+10%) from $639M in Q3 FY25 to $703M in Q3 FY26.
What drove Nutanix's revenue change in Q3 FY26?
Subscription and Circulation +$55.1M (+9%); Professional Services +$9.0M (+31%).