FFIV · 10-Q · 2026Q2 · Full report

Operating Expense Trends

F5, INC. · 2026-08-06 · Importance 54 · Surprise 40 · In source text

Operating expenses increased 14.4% year over year to $498.2 million in the quarter ended June 30, 2026 and 11.6% to $1.437 billion for the nine-month period. Sales and marketing expense rose 8.0% quarterly and 9.0% year to date, primarily from personnel-cost increases of $13.5 million and $47.0 million. Research and development expense increased 20.8% quarterly and 13.2% year to date, driven by technology-cost increases of $13.5 million and $22.7 million and personnel-cost increases of $10.9 million and $19.5 million. General and administrative expense increased 21.5% quarterly and 21.7% year to date, primarily due to personnel-cost increases of $11.7 million and $29.7 million, while cyber-incident-related professional services added $3.2 million and $15.3 million, respectively.

Key facts

• General and administrative expenses increased $49.5 million, or 21.7%, for the nine months ended June 30, 2026 from the comparable period in the prior year. source
• Research and development expenses increased $53.4 million, or 13.2%, for the nine months ended June 30, 2026 from the comparable period in the prior year. source
• Research and development expenses increased $28.3 million, or 20.8%, for the three months ended June 30, 2026 from the comparable period in the prior year. source
• Sales and marketing expenses for the three months ended June 30, 2026: $238,026 (in thousands). source
• Research and development expenses for the three months ended June 30, 2026: $164,661 (in thousands). source
• General and administrative expenses for the three months ended June 30, 2026: $95,589 (in thousands). source
• Total operating expenses for the three months ended June 30, 2026: $498,246 (in thousands). source
• Income from operations for the three months ended June 30, 2026: $213,267 (in thousands). source

Impact estimates