Friday 6 November 2026 Export CVLT’s income statement to Excel — free account

CommVault Systems, Inc.

CommVault Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $1.2 billion, up 18.9% from fiscal 2025.

Revenue: +13.1%
EPS: +113.8%
Free cash flow: −3.69%
Total debt: +0.46%

Quarter to September 2026, against a year earlier

158.34 4.10 −2.52%

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Market cap: $6.5B
P/E: 81.0×
Fwd P/E: 62.1×
Dividend yield: —
F-score: 4/9
Altman Z: 1.16
Beneish M: −2.96
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

CommVault Systems, Inc. (CVLT) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by products and services, and margins
Term-based software licenses	435	36.78%
Software-as-a-service	333	28.13%
Term-based support	202	17.08%
Perpetual support	118	9.99%
Other services	52	4.37%
Perpetual license	43	3.65%
Gross margin		81.15%
Operating margin		6.25%
Pre-tax margin		7.78%

Revenue by product or service $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Term-based software licenses	435 36.78%	370 37.20%	303 36.10%	—	—	—	—	—	—	—	—
Software-as-a-service	333 28.13%	219 22.02%	126 15.04%	—	—	—	—	—	—	—	—
Term-based support	202 17.08%	169 17.00%	144 17.13%	—	—	—	—	—	—	—	—
Perpetual support	118 9.99%	138 13.90%	164 19.55%	—	—	—	—	—	—	—	—
Perpetual license	43 3.65%	56 5.59%	58 6.86%	75 9.55%	112 14.53%	—	—	—	—	—	—
Software	—	—	—	—	—	—	—	310 43.59%	312 44.57%	291 45.06%	258 43.47%
Also reported: a second breakdown of the same revenue
Other services	52 4.37%	43 4.29%	45 5.33%	48 6.06%	42 5.49%	39 5.37%	35 5.28%	42 5.95%	42 5.95%	39 6.12%	41 6.97%
Product	—	—	—	—	—	327 45.18%	275 41.04%	310 43.59%	312 44.57%	291 45.06%	—
Customer support	320	308	308	—	—	—	—	—	—	—	—
Service	—	—	—	—	—	397	396	—	—	—	—
Total subscription	768	590	429	—	—	—	—	—	—	—	—
Revenue	1,184	996	839	785	770	723	671	711	699	645	594

Gross profit by product or service $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total subscription	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Software-as-a-service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Customer support	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Other services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Term-based software licenses	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Perpetual license	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Product	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
International	481 40.62%	388 38.94%	341 40.60%	315 40.19%	312 40.50%	299 41.38%	—	—	—	—	—	—	—	—	—
Also reported: a second breakdown of the same revenue
Americas	703 59.38%	608 61.06%	499 59.40%	469 59.81%	458 59.50%	424 58.62%	391 58.26%	430 60.54%	425 60.81%	408 63.19%	382 64.32%	—	—	—	—
United States	631 53.31%	535 53.69%	438 52.14%	416 53.07%	399 51.80%	379 52.40%	343 51.08%	379 53.34%	378 54.04%	365 56.64%	342 57.57%	345 56.77%	334 56.91%	288 58.16%	249 61.17%
Other	553 46.69%	461 46.31%	402 47.86%	368 46.93%	371 48.20%	344 47.60%	328 48.92%	332 46.66%	321 45.96%	280 43.36%	252 42.43%	263 43.23%	253 43.09%	207 41.84%	158 38.83%
Emea	—	—	—	—	—	—	195 29.03%	191 26.89%	188 26.82%	159 24.73%	148 24.86%	—	—	—	—
Asia Pacific	—	—	—	—	—	—	85 12.71%	89 12.57%	87 12.37%	78 12.08%	64 10.82%	—	—	—	—
Revenue	1,184	996	839	785	770	723	671	711	699	645	594	608	586	496	407

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Remaining performance obligations	Q2 FY2027	$1.1B	$853.5M	+25.91%
SaaS ARR	Q2 FY2027	$454.4M	$335.7M	+35.37%
Subscription ARR	Q2 FY2027	$1.1B	$893.7M	+23.52%
Subscription net dollar retention rate	Q2 FY2027	113.0%	125.0%	—
Total ARR	Q4 FY2026	$1.1B	$930.1M	+20.59%

	Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019	Q4 FY2018	Q3 FY2018	Q2 FY2018	Q1 FY2018
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
SaaS ARR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Subscription ARR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Subscription net dollar retention rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total ARR	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.