Nutanix, Inc. (NTNX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NTNX Revenue Growth
Revenue Breakdown (FY 2024)
NTNX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NTNX Revenue Analysis (2014–2025)
As of May 8, 2026, Nutanix, Inc. (NTNX) generated trailing twelve-month (TTM) revenue of $2.69 billion, reflecting strong growth of +10.4% year-over-year. The most recent quarter (Q2 2026) recorded $722.8 million in revenue, up 7.8% sequentially.
Looking at the longer-term picture, NTNX's 5-year compound annual growth rate (CAGR) stands at +14.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $2.54 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows NTNX's business 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 maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including CVLT (+18.9% YoY), SCSC (+3.8% YoY), and PSTG (+15.6% YoY), NTNX has underperformed the peer group in terms of 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 | +10.4% | +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 | +15.6% | +16.8% | 3.1% | |
 HPE | $34.3B | +14.9% | +4.9% | 4.8% | |
 NTAP | $6.6B | +3.1% | +4.0% | 20.3% |
NTNX Historical Revenue Data (2014–2025)
| 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% |
Full NTNX Stock Analysis
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Start ComparisonNTNX — Frequently Asked Questions
Quick answers to the most common questions about buying NTNX stock.
Is NTNX's revenue growth accelerating or slowing?
NTNX maintains +10.4% revenue growth, in line with its 5-year CAGR of +14.2%. TTM revenue stands at $2.7B. Growth rate remains consistent with historical average.
What is NTNX's long-term revenue growth rate?
Nutanix, Inc.'s 5-year revenue CAGR of +14.2% reflects the sustained expansion pattern. Current YoY growth of +10.4% is near this long-term average.
How is NTNX's revenue distributed by segment?
NTNX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.