How does F5 (FFIV) make money?

F5 (FFIV) generates revenue primarily from Product, which accounted for 50.5% of total revenue in TTM through Q2 2026. The company reported $3.31B in revenue and converted 22% of it into net profit, equivalent to roughly $727M 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 82.2% in TTM through Q2 2026, equivalent to $2.72B in gross profit on $3.31B 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 24.5% in TTM through Q2 2026, equivalent to $812M 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 Q2 2026, equivalent to $727M 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 $727M in net income for TTM through Q2 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 $593M in research and development during TTM through Q2 2026, roughly 17.9% 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 $79.8M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 2.4% 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 $970M in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 29.3%. 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 14.9% in TTM through Q2 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 50.5% of total revenue in TTM through Q2 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.

How F5 Makes Money: 2026 Visual Revenue Map

F5 (FFIV) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 27, 2026).

F5 discloses geographic revenue only in annual filings. to view the full breakdown.

F5 (FFIV) Revenue by Product Segment — TTM through Q2 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), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Product	$1.67B	50.5%
Service	$1.64B	49.5%
Total	$3.31B	100%

Product$1.67B
Service$1.64B
Total$3.31B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, F5 (FFIV) reports revenue across 2 reportable product segments; the largest segment was Product at 50.5%, followed by Service (49.5%).

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