How does F5 (FFIV) make money?

F5 (FFIV) generates revenue primarily from Product, which accounted for 50.4% of total revenue in TTM through Q1 2026. The company reported $3.22B in revenue and converted 22% of it into net profit, equivalent to roughly $708.21M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of F5 (FFIV)?

F5 (FFIV) reported a gross profit margin of 81.9% in TTM through Q1 2026, equivalent to $2.64B in gross profit on $3.22B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of F5 (FFIV)?

F5 (FFIV) reported an operating profit margin of 24.6% in TTM through Q1 2026, equivalent to $794.82M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of F5 (FFIV)?

F5 (FFIV) reported a net profit margin of 22% in TTM through Q1 2026, equivalent to $708.21M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is F5 (FFIV) profitable?

Yes. F5 (FFIV) reported $708.21M in net income for TTM through Q1 2026, with a net profit margin of 22%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does F5 (FFIV) invest in research and development?

F5 (FFIV) invested $564.94M in research and development during TTM through Q1 2026, roughly 17.5% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does F5 (FFIV) spend on capital expenditures?

F5 (FFIV) spent $52.75M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 1.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does F5 (FFIV) generate?

F5 (FFIV) generated $962.66M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 29.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of F5 (FFIV)?

F5 (FFIV) had an effective tax rate of 15.7% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of F5 (FFIV)?

F5 (FFIV) reports revenue across 2 reportable product segments, led by Product at 50.4% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does F5 (FFIV) generate most of its revenue?

Americas is the largest geographic market for F5 (FFIV), accounting for 54% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How F5 Makes Money: 2026 Visual Revenue Map

F5 (FFIV) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported May 5, 2026).

F5 (FFIV) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for F5 (FFIV) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Product	$1.62B	50.4%
Service	$1.60B	49.6%
Total	$3.22B	100%

Product$1.62B
Service$1.60B
Total$3.22B

F5 (FFIV) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for F5 (FFIV), TTM through Q1 2026
Region	Revenue (USD)	% of total
Americas	$1.74B	54%
EMEA	$923.38M	28.6%
Asia Pacific	$558.62M	17.3%
Total	$3.22B	100%

Americas
EMEA
Asia Pacific
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, F5 (FFIV) reports revenue across 2 operating segments; the largest segment was Product at 50.4%, followed by Service (49.6%). Separately, by end-market geography, Americas accounted for 54% of revenue, followed by EMEA (28.6%) and Asia Pacific (17.3%).

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