Filing Flows › Nutanix (NTNX) › Q4 FY26 › vs Q4 FY25
Nutanix (NTNX) Q4 FY26 vs Q4 FY25 (year over year)
Nutanix's revenue rose $104M (+16%) from $653M in Q4 FY25 to $757M in Q4 FY26. Gross margin 86.0% against 87.2% (-1.1 pts).
Nutanix, Q4 FY26: revenue $757M (+16% year over year), operating margin 9.2%, net earnings $1.3B, operating cash flow $315M. The chart draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Gross margin | 86.0% | 87.2% | -1.1 pts |
| Operating margin | 9.2% | 4.8% | +4.5 pts |
| Net margin | 167.7% | 5.9% | +161.8 pts |
| Free cash flow margin | 36.7% | 31.8% | +4.9 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $757M | $653M | $104M | +16% |
| Gross profit | $651M | $569M | $81.9M | +14% |
| Cost of revenue | $106M | $83.8M | $21.9M | +26% |
| Other income, net | $12.7M | $13.9M | −$1.2M | -9% |
| Operating profit | $70.0M | $31.2M | $38.8M | +124% |
| Operating expenses | $581M | $538M | $43.1M | +8% |
| Pre-tax earnings | $82.7M | $45.1M | $37.6M | +83% |
| Research & development | $205M | $194M | $11.4M | +6% |
| Sales & marketing | $304M | $281M | $22.6M | +8% |
| General & admin | $72.4M | $63.3M | $9.1M | +14% |
| Income tax benefit | $1.2B | −$6.5M | $1.2B | — |
| Net earnings | $1.3B | $38.6M | $1.2B | 33× |
| Depreciation & amortization | $17.1M | $18.2M | −$1.2M | -7% |
| Share-based compensation | $94.5M | $85.2M | $9.4M | +11% |
| Working capital & other | $1.1B | −$77.5M | $1.1B | — |
| Operating cash flow | $315M | $220M | $95.5M | +43% |
| Free cash flow (company-reported) | $278M | $208M | $69.8M | +34% |
| Purchases of property and equipment | $37.4M | $11.8M | $25.7M | +219% |
Questions
How much did Nutanix's revenue grow year over year in Q4 FY26?
Nutanix's revenue rose $104M (+16%) from $653M in Q4 FY25 to $757M in Q4 FY26. Gross margin 86.0% against 87.2% (-1.1 pts).