Nutanix (NTNX) revenue breakdown

Technology · Software - Infrastructure · Market cap $21.8B

By product, Subscription and Circulation, Software Term-based Licenses is the largest at 50% of fiscal 2026 revenue, growing 20% a year over 2 years.

By region, U.S. is the largest at 54% of fiscal 2026 revenue; Europe, the Middle East and Africa grew fastest, 22% a year over 9 years.

Revenue by product

Fiscal years, as Nutanix reports them in its 10-K filings; fiscal 2026 total $2.9B.

Products2017201820192020202120222023202420252026Share
Subscription and Circulation, Software Term-based Licenses———————$988M$1.3B$1.4B 50%
Subscription and Circulation, Software Entitlement and Support Subscription———————$1.0B$1.1B$1.3B 46%
Professional services$16M$24M$33M$46M$73M$92M$92M$132M$127M$141M 5%
Subscription and Circulation$173M$331M$648M$1.0B$1.2B$1.4B$1.7B——— —
Software$421M$544M$449M$208M$71M————— —
Other non-subscription product—————$55M$40M——— —
Hardware$236M$257M$105M$23M$6M————— —

Revenue by region

Fiscal years, as Nutanix reports them in its 10-K filings; fiscal 2026 total $2.9B.

Regions2017201820192020202120222023202420252026Share
U.S.$488M$649M$682M$706M$758M$887M$1.0B$1.2B$1.4B$1.5B 54%
Europe, the Middle East and Africa$139M$224M$238M$277M$321M$374M$471M$563M$686M$831M 29%
Asia Pacific$187M$240M$272M$265M$261M$274M$309M$349M$393M$418M 15%
Other Americas$32M$42M$44M$59M$55M$45M$43M$47M$50M$74M 3%
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Questions

Where does Nutanix make its money?

In fiscal 2026, by product: Subscription and Circulation, Software Term-based Licenses $1.4B, Subscription and Circulation, Software Entitlement and Support Subscription $1.3B, Professional services $141M.

From Nutanix's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.