F5, Inc. (FFIV) Income Statement
FFIV FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsFFIV revenue and net income
Where FFIV's revenue goes
FY2025Each bar shows an amount and its share of revenue. FFIV kept 22.4% of revenue as net income.
FFIV profit margins
FFIV growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.7% | +4.6% | +5.6% | +4.9% |
| Gross profit | +11.3% | +5.3% | +5.3% | +4.7% |
| Operating income | +16.3% | +23.8% | +14.3% | +3.3% |
| Net income | +22.2% | +29.0% | +17.6% | +6.6% |
| EPS (diluted) | +18.2% | +15.7% | +11.0% | +9.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FFIV quarterly EPS vs estimates
F5 beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 27, 2026 (estimate $3.32).
FFIV income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.09B | $2.82B | $2.81B | $2.70B | $2.60B | $2.35B | $2.24B | $2.16B | $2.09B | $2.00B |
| Cost of revenue | $574.0M | $557.6M | $593.3M | $539.6M | $493.1M | $407.9M | $356.6M | $361.5M | $353.5M | $337.2M |
| Gross profit | $2.51B | $2.26B | $2.22B | $2.16B | $2.11B | $1.94B | $1.89B | $1.80B | $1.74B | $1.66B |
| Research & development | $539.8M | $490.1M | $540.3M | $543.4M | $512.6M | $441.3M | $408.1M | $366.1M | $350.4M | $334.2M |
| Sales, general & admin | $1.18B | $1.10B | $1.14B | $1.20B | $1.20B | $1.10B | $959.3M | $824.5M | $809.1M | $767.2M |
| Total operating expenses | $1.75B | $1.60B | $1.75B | $1.74B | $1.72B | $1.55B | $1.37B | $1.21B | $1.17B | $1.10B |
| Operating income | $765.9M | $658.6M | $472.6M | $403.8M | $394.0M | $392.3M | $518.5M | $609.3M | $564.0M | $547.4M |
| Interest income | — | — | — | — | — | — | $33.8M | $17.0M | $15.5M | $600,000 |
| Interest expense | — | — | — | $18.4M | $7.1M | $11.5M | $22.6M | $0 | $0 | $0 |
| Income before taxes | $808.3M | $695.5M | $486.0M | $385.4M | $386.9M | $396.4M | $541.1M | $603.8M | $575.5M | $549.9M |
| Income taxes | $116.0M | $128.7M | $91.0M | $63.2M | $55.7M | $89.0M | $113.4M | $150.1M | $154.8M | $184.0M |
| Net income | $692.4M | $566.8M | $394.9M | $322.2M | $331.2M | $307.4M | $427.7M | $453.7M | $420.8M | $365.9M |
| EBITDA | $883.8M | $774.2M | $650.7M | $527.3M | $502.4M | $495.9M | $587.0M | $668.8M | $638.2M | $613.2M |
| EPS (diluted) | $15.81 | $13.37 | $11.71 | $10.21 | $10.86 | $9.39 | $10.38 | $9.91 | $8.40 | $7.33 |
| Gross margin | 81.4% | 80.2% | 78.9% | 80.0% | 81.1% | 82.6% | 84.1% | 83.3% | 83.1% | 83.1% |
| Operating margin | 24.8% | 23.4% | 16.8% | 15.0% | 15.1% | 16.7% | 23.1% | 28.2% | 27.0% | 27.4% |
| Net margin | 22.4% | 20.1% | 14.0% | 12.0% | 12.7% | 13.1% | 19.1% | 21.0% | 20.1% | 18.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $865.1M | $811.7M | $822.5M | $810.1M | $780.4M | $731.1M | $766.5M | $746.7M | $695.5M | $681.4M | $692.6M | $707.0M |
| Cost of revenue | $153.6M | $139.4M | $151.8M | $143.9M | $148.6M | $141.0M | $140.5M | $143.7M | $136.4M | $141.1M | $136.4M | $141.0M |
| Gross profit | $711.5M | $672.3M | $670.7M | $666.2M | $631.7M | $590.2M | $626.0M | $603.0M | $559.1M | $540.2M | $556.2M | $566.0M |
| Research & development | $164.7M | $151.0M | $141.2M | $136.4M | $136.3M | $136.6M | $130.5M | $124.0M | $124.4M | $122.2M | $119.6M | $127.8M |
| Sales, general & admin | $333.6M | $331.1M | $315.4M | $310.0M | $299.1M | $294.7M | $279.1M | $288.0M | $271.5M | $278.0M | $263.6M | $266.4M |
| Total operating expenses | $498.2M | $493.5M | $456.5M | $460.6M | $435.4M | $431.3M | $420.9M | $411.9M | $396.0M | $400.3M | $391.7M | $394.3M |
| Operating income | $213.3M | $178.7M | $214.1M | $205.7M | $196.3M | $158.9M | $205.1M | $191.0M | $163.1M | $140.0M | $164.5M | $171.7M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | $7.4M |
| Income before taxes | $226.2M | $189.2M | $222.9M | $215.1M | $213.0M | $171.2M | $209.0M | $203.5M | $171.6M | $145.9M | $174.4M | $174.8M |
| Income taxes | $18.0M | $41.5M | $42.9M | $24.6M | $23.1M | $25.7M | $42.6M | $38.2M | $27.5M | $26.9M | $36.0M | $22.7M |
| Net income | $208.2M | $147.8M | $180.1M | $190.5M | $189.9M | $145.5M | $166.4M | $165.3M | $144.1M | $119.0M | $138.4M | $152.1M |
| EBITDA | $237.6M | $213.8M | $247.5M | $244.6M | $235.5M | $193.7M | $239.1M | $226.4M | $190.0M | $168.1M | $202.3M | $204.4M |
| EPS (diluted) | $3.86 | $3.90 | $4.45 | $4.39 | $4.16 | $3.42 | $3.84 | $3.67 | $3.36 | $2.91 | $3.43 | $3.50 |
| Gross margin | 82.2% | 82.8% | 81.5% | 82.2% | 81.0% | 80.7% | 81.7% | 80.8% | 80.4% | 79.3% | 80.3% | 80.1% |
| Operating margin | 24.7% | 22.0% | 26.0% | 25.4% | 25.2% | 21.7% | 26.8% | 25.6% | 23.4% | 20.5% | 23.8% | 24.3% |
| Net margin | 24.1% | 18.2% | 21.9% | 23.5% | 24.3% | 19.9% | 21.7% | 22.1% | 20.7% | 17.5% | 20.0% | 21.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FFIV's financial statements (latest annual report filed November 25, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FFIV financial results
In fiscal year 2025 (ended September 30, 2025), F5 reported revenue of $3.1 billion, up 9.7% from the year before. It had net income of $692.4 million (up 22.2%), a net profit margin of 22.4%. Diluted earnings per share came to $15.81. Over five years revenue grew at an average rate of 5.6% a year.
See the FFIV stock overview for the latest quote and news, or the FFIV chart for price history and technical indicators.
FFIV income statement FAQ
What is F5's annual revenue?
F5 reported total revenue of $3.1 billion for fiscal year 2025, which ended on September 30, 2025. That was up 9.7% from $2.8 billion the previous year.
Is F5 profitable?
Yes. F5 reported net income of $692.4 million in fiscal 2025, a net profit margin of 22.4%; its operating margin was 24.8%.
What is F5's gross margin?
F5's gross margin was 81.4% in fiscal 2025: for every $100 of revenue, F5 kept $81 after the direct cost of its products and services.
How much does F5 spend on research and development?
F5 spent $539.8 million on research and development in fiscal 2025, 17.5% of revenue.
How fast is F5 growing?
Revenue grew 5.6% a year on average over the last five fiscal years, from $2.4 billion to $3.1 billion.
What are F5's earnings per share?
F5 earned $15.81 per diluted share in fiscal 2025, compared with $13.37 a year earlier.
When will F5 report its next earnings?
F5 is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does F5's fiscal year end?
F5's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 25, 2025.