FFIV F5 margins

Relative Growth: Rel. Growth: 83

Relative Strength: Rel. Strength: 88

Relative Valuation: Rel. Valuation: 23

Relative Profitability: Rel. Profitability: 92

Gross margin

81.9%

Operating margin

24.5%

EBITDA margin

29.6%

Net margin

22%

At present, F5 reports a gross margin of 81.9%, an operating margin of 24.5%, an EBITDA margin of 29.6%, and a net margin of 22%. Gross margin recorded the largest improvement, rising by 0.9 percentage points. EBITDA margin recorded the largest decline, falling by 0.8 percentage points.

FFIV margin history

Gross, operating, EBITDA and net margin trends

F5's margins averaged 80.75% gross, 23.53% operating, 29.25% EBITDA, and 20.64% net during the last 3 years. Currently all four current margins are above their three-year averages.

FFIV margin expansion

Year-over-year margin changes in percentage points

The largest positive change was in gross margin, up 0.9 percentage points. The expansion was limited to gross margin, while operating margin contracted by 0.3 percentage points, EBITDA margin by 0.8 percentage points, and net margin by 0.1 percentage points.

Gross margin expansion

0.9pp

Operating margin expansion

-0.3pp

EBITDA margin expansion

-0.8pp

Net margin expansion

-0.1pp

FFIV Gross margin

In the last 3 years, F5 had an average gross margin of 80.75%. The latest gross margin for F5 is 81.9%, 1.2 percentage points above its three-year average. Looking back over the last 3 years, F5's gross margin reached 81.9% at its highest point in Jun 2026 and 79.5% at its lowest in Dec 2023.

FFIV Operating margin

Looking back over the last 3 years, F5 recorded an average operating margin of 23.53%. F5's current operating margin is 24.5% and is 1 percentage points above its three-year average. The highest operating margin for F5 was 24.8% in Sep 2025, while the lowest was 19.5% in Dec 2023.

FFIV EBITDA margin

Across the last 3 years, F5's EBITDA margin came to 29.25%. The current EBITDA margin stands at 29.6%, 0.4 percentage points above its three-year average. EBITDA margin was highest at 30.4% in Jun 2025 and lowest at 25.5% in Dec 2023.

FFIV Net margin

Across the last 3 years, F5 recorded an average net margin of 20.64%. F5's current net margin is 22% and is 1.4 percentage points above its three-year average. The highest net margin for F5 was 22.5% in Dec 2025, while the lowest was 16.4% in Dec 2023.

FFIV margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 81.9%, FFIV ranks higher than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 52.1%, F5's gross margin is 57% higher.

FFIV margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is F5's gross margin?

As of Jun 30, 2026, FFIV has a gross margin of 81.9%.

What is F5's operating margin?

As of Jun 30, 2026, FFIV has an operating margin of 24.5%.

What is F5's EBITDA margin?

For the period ending Jun 30, 2026, FFIV recorded an EBITDA margin of 29.6%.

What is F5's net margin?

As of Jun 30, 2026, FFIV has a net margin of 22%.

What are the average margins of FFIV?

F5's average margins over the last 3 years were 80.8% gross, 23.5% operating, 29.3% EBITDA, and 20.6% net.

What are the highest historical margins of FFIV?

F5's highest recorded margins during the past 5 years were 81.9% gross in Jun 2026, 24.8% operating in Sep 2025, 30.4% EBITDA in Jun 2025, and 22.5% net in Dec 2025.

What are the lowest historical margins of FFIV?

Over this 5-year history, F5's margins fell as low as 78.6% gross in Jun 2023, 14.1% operating in Dec 2022, 19.3% EBITDA in Dec 2022, and 11.1% net in Dec 2022.