F5 annual operating margin
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2025
F5 Operating Margin Growth & History (FFIV)
F5's operating margin was 24.80% for fiscal 2025.
View full F5 company overviewF5 annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-09-30 | 24.80% | +1.42 pp |
| 2024 | 2024-09-30 | 23.39% | +6.59 pp |
| 2023 | 2023-09-30 | 16.80% | +1.82 pp |
| 2022 | 2022-09-30 | 14.98% | −0.16 pp |
| 2021 | 2021-09-30 | 15.13% | −1.55 pp |
| 2020 | 2020-09-30 | 16.69% | −6.43 pp |
| 2019 | 2019-09-30 | 23.12% | −4.22 pp |
| 2018 | 2018-09-30 | 27.34% | +0.36 pp |
| 2017 | 2017-09-30 | 26.98% | −0.45 pp |
| 2016 | 2016-09-30 | 27.44% | −1.36 pp |
| 2015 | 2015-09-30 | 28.80% | +0.30 pp |
| 2014 | 2014-09-30 | 28.50% | −0.59 pp |
| 2013 | 2013-09-30 | 29.08% | −1.87 pp |
| 2012 | 2012-09-30 | 30.95% | +0.51 pp |
| 2011 | 2011-09-30 | 30.44% | +4.37 pp |
| 2010 | 2010-09-30 | 26.08% | +7.41 pp |
| 2009 | 2009-09-30 | 18.67% | +3.39 pp |
| 2008 | 2008-09-30 | 15.28% | — |
F5 quarterly operating margin
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q1.14
Q2.14
Q3.14
Q4.14
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Q4.15
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Q2.16
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Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q3 2026 | 2026-06-30 | 24.65% | −0.50 pp |
| Q2 2026 | 2026-03-31 | 22.05% | +0.32 pp |
| Q1 2026 | 2025-12-31 | 26.04% | −0.71 pp |
| Q4 2025 | 2025-09-30 | 25.39% | −0.20 pp |
| Q3 2025 | 2025-06-30 | 25.16% | +1.71 pp |
| Q2 2025 | 2025-03-31 | 21.73% | +1.19 pp |
| Q1 2025 | 2024-12-31 | 26.76% | +3.00 pp |
| Q4 2024 | 2024-09-30 | 25.58% | +1.29 pp |
| Q3 2024 | 2024-06-30 | 23.45% | +8.71 pp |
| Q2 2024 | 2024-03-31 | 20.54% | +5.46 pp |
| Q1 2024 | 2023-12-31 | 23.75% | +10.73 pp |
| Q4 2023 | 2023-09-30 | 24.29% | +8.93 pp |
| Q3 2023 | 2023-06-30 | 14.74% | −1.19 pp |
| Q2 2023 | 2023-03-31 | 15.08% | +3.31 pp |
| Q1 2023 | 2022-12-31 | 13.02% | −3.59 pp |
| Q4 2022 | 2022-09-30 | 15.36% | −3.17 pp |
| Q3 2022 | 2022-06-30 | 15.93% | +1.13 pp |
| Q2 2022 | 2022-03-31 | 11.77% | +3.48 pp |
| Q1 2022 | 2021-12-31 | 16.61% | −2.24 pp |
| Q4 2021 | 2021-09-30 | 18.53% | +2.49 pp |
| Q3 2021 | 2021-06-30 | 14.80% | −0.22 pp |
| Q2 2021 | 2021-03-31 | 8.29% | −6.05 pp |
| Q1 2021 | 2020-12-31 | 18.85% | −2.64 pp |
| Q4 2020 | 2020-09-30 | 16.04% | −3.39 pp |
| Q3 2020 | 2020-06-30 | 15.02% | −3.21 pp |
| Q2 2020 | 2020-03-31 | 14.35% | −11.86 pp |
| Q1 2020 | 2019-12-31 | 21.49% | −7.61 pp |
| Q4 2019 | 2019-09-30 | 19.43% | −7.86 pp |
| Q3 2019 | 2019-06-30 | 18.24% | −9.79 pp |
| Q2 2019 | 2019-03-31 | 26.21% | −0.68 pp |
| Q1 2019 | 2018-12-31 | 29.10% | +1.96 pp |
| Q4 2018 | 2018-09-30 | 27.30% | −0.37 pp |
| Q3 2018 | 2018-06-30 | 28.03% | +1.15 pp |
| Q2 2018 | 2018-03-31 | 26.88% | +0.15 pp |
| Q1 2018 | 2017-12-31 | 27.14% | +0.50 pp |
| Q4 2017 | 2017-09-30 | 27.66% | −3.29 pp |
| Q3 2017 | 2017-06-30 | 26.87% | −1.10 pp |
| Q2 2017 | 2017-03-31 | 26.73% | +2.97 pp |
| Q1 2017 | 2016-12-31 | 26.64% | −0.11 pp |
| Q4 2016 | 2016-09-30 | 30.96% | +1.51 pp |
| Q3 2016 | 2016-06-30 | 27.97% | −1.01 pp |
| Q2 2016 | 2016-03-31 | 23.76% | −4.38 pp |
| Q1 2016 | 2015-12-31 | 26.75% | −1.84 pp |
| Q4 2015 | 2015-09-30 | 29.44% | −2.26 pp |
| Q3 2015 | 2015-06-30 | 28.98% | +0.34 pp |
| Q2 2015 | 2015-03-31 | 28.14% | +1.75 pp |
| Q1 2015 | 2014-12-31 | 28.59% | +1.74 pp |
| Q4 2014 | 2014-09-30 | 31.70% | +0.03 pp |
| Q3 2014 | 2014-06-30 | 28.64% | +0.53 pp |
| Q2 2014 | 2014-03-31 | 26.39% | −0.01 pp |
| Q1 2014 | 2013-12-31 | 26.85% | −3.00 pp |
| Q4 2013 | 2013-09-30 | 31.67% | +0.82 pp |
| Q3 2013 | 2013-06-30 | 28.11% | −3.09 pp |
| Q2 2013 | 2013-03-31 | 26.40% | −4.42 pp |
| Q1 2013 | 2012-12-31 | 29.85% | −1.10 pp |
| Q4 2012 | 2012-09-30 | 30.85% | −0.73 pp |
| Q3 2012 | 2012-06-30 | 31.19% | +0.83 pp |
| Q2 2012 | 2012-03-31 | 30.82% | +0.84 pp |
| Q1 2012 | 2011-12-31 | 30.95% | +1.26 pp |
| Q4 2011 | 2011-09-30 | 31.57% | +1.56 pp |
| Q3 2011 | 2011-06-30 | 30.36% | +4.27 pp |
| Q2 2011 | 2011-03-31 | 29.98% | +5.78 pp |
| Q1 2011 | 2010-12-31 | 29.69% | +6.83 pp |
| Q4 2010 | 2010-09-30 | 30.01% | +10.22 pp |
| Q3 2010 | 2010-06-30 | 26.09% | — |
| Q2 2010 | 2010-03-31 | 24.19% | — |
| Q1 2010 | 2009-12-31 | 22.87% | — |
| Q3 2009 | 2009-06-30 | 19.78% | — |
F5 operating margin trends
Over the last five reported fiscal years, F5's operating margin increased from 16.69% to 24.80%, a change of +8.12 percentage points. The latest reported quarter, Q3 2026, shows 24.65%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review F5 filings at SEC.gov ↗