Nutanix, Inc. (NTNX) Revenue History
Annual and quarterly revenue from 2013 to present
NTNX Revenue Over Time (2013–2025)
NTNX Revenue Growth History
12 of 12 years with positive growth- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- +316.4%
- FY2015 revenue growth
- +89.9%
- FY2016 revenue growth
- +108.5%
- FY2017 revenue growth
- +68.0%
- FY2018 revenue growth
- +36.6%
- FY2019 revenue growth
- +7.0%
- FY2020 revenue growth
- +5.8%
- FY2021 revenue growth
- +6.6%
- FY2022 revenue growth
- +13.4%
- FY2023 revenue growth
- +17.8%
- FY2024 revenue growth
- +15.3%
- FY2025 revenue growth
- +18.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $703.1M | +10.0% |
| Q2 2026 | $722.8M | +10.4% |
| Q1 2026 | $670.6M | +13.5% |
| Q4 2025 | $653.3M | +19.2% |
| Q3 2025 | $639.0M | +21.8% |
| Q2 2025 | $654.7M | +15.8% |
| Q1 2025 | $591.0M | +15.6% |
| Q4 2024 | $548.0M | +10.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
NTNX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NTNX Revenue Analysis (2013–2025)
Current Revenue & Growth
As of June 22, 2026, Nutanix, Inc. (NTNX) generated trailing twelve-month (TTM) revenue of $2.75 billion, reflecting strong growth of +10.0% year-over-year. The most recent quarter (Q3 2026) recorded $703.1 million in revenue, down 2.7% sequentially.
Historical Growth Trajectory
NTNX's 5-year compound annual growth rate (CAGR) stands at +14.2%, indicating consistent double-digit revenue growth. The 3-year CAGR of +17.1% exceeds the 5-year average, indicating an acceleration in the most recent period. Nutanix, Inc.'s highest annual revenue of $2.54 billion was recorded in 2025, an all-time high.
Revenue by Segment
NTNX's revenue is primarily driven by Subscription and Circulation (94%), Professional Services (5%), and Other Non Subscription Product (1%). With over half of revenue concentrated in Subscription and Circulation, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including CVLT (+18.9% YoY), SCSC (+3.8% YoY), and PSTG (+21.2% YoY) — NTNX has underperformed the peer group in revenue growth. Compare NTNX vs CVLT →
NTNX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NTNXCurrent | $2.7B | +10.0% | +14.2% | 6.8% | |
 CVLT | $1.2B | +18.9% | +10.3% | 8.9% | |
 SCSC | $3.0B | +3.8% | -0.0% | 2.8% | |
 PSTG | $3.7B | +21.2% | +16.8% | 3.1% | |
 HPE | $34.3B | +23.2% | +4.9% | 4.8% | |
 NTAP | $6.9B | +5.4% | +3.8% | 24.5% |
NTNX Historical Revenue Data (2013–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.54B | +18.1% | $2.20B | 86.8% | $172.5M | 6.8% |
| 2024 | $2.15B | +15.3% | $1.82B | 84.9% | $7.6M | 0.4% |
| 2023 | $1.86B | +17.8% | $1.53B | 82.2% | $-207,150,000 | -11.1% |
| 2022 | $1.58B | +13.4% | $1.26B | 79.7% | $-458,852,000 | -29.0% |
| 2021 | $1.39B | +6.6% | $1.10B | 79.1% | $-662,111,000 | -47.5% |
| 2020 | $1.31B | +5.8% | $1.02B | 78.1% | $-828,921,000 | -63.4% |
| 2019 | $1.24B | +7.0% | $932.0M | 75.4% | $-598,041,000 | -48.4% |
| 2018 | $1.16B | +36.6% | $769.4M | 66.6% | $-280,408,000 | -24.3% |
| 2017 | $845.9M | +68.0% | $518.6M | 61.3% | $-348,409,000 | -41.2% |
| 2016 | $503.4M | +108.5% | $332.6M | 66.1% | $-104,626,000 | -20.8% |
| 2015 | $241.4M | +89.9% | $140.5M | 58.2% | $-118,765,000 | -49.2% |
| 2014 | $127.1M | +316.4% | $66.2M | 52.1% | $-78,319,000 | -61.6% |
| 2013 | $30.5M | - | $3.9M | 12.9% | $-44,600,000 | -146.1% |
Full Stock Analysis
Deep dive into NTNX consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
13+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NTNX — Frequently Asked Questions
Quick answers to the most common questions about buying NTNX stock.
Is NTNX's revenue growth accelerating or slowing?
NTNX revenue growth is holding steady at +10.0% year-over-year. TTM revenue is $2.7B. The current growth rate closely tracks the 5-year CAGR of +14.2%, signalling consistent execution.
What is NTNX's revenue history from 2013 to 2026?
Nutanix, Inc. (NTNX) revenue history spans 2013 to 2026. TTM revenue as of 2026 is $2.7B, growing at +10.0% YoY. The 5-year CAGR is +14.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NTNX's long-term revenue growth rate (CAGR)?
Nutanix, Inc.'s 5-year revenue CAGR of +14.2% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +10.0% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NTNX.
Why does NTNX's quarterly revenue fluctuate?
NTNX quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Nutanix, Inc.'s revenue data from 2013 to 2026 shows full historical quarterly detail on this page.
How is NTNX's revenue distributed by segment?
NTNX reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NTNX's revenue compare to industry peers?
Nutanix, Inc. (NTNX) with TTM revenue of $2.7B and +10.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.