MongoDB, Inc.

MDB Technology Software Infrastructure

MongoDB, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $2.5 billion, up 22.8% from fiscal 2025.

Revenue
+30.5%
EPS
+187.9%
Free cash flow
+94.8%

Quarter to July 2026, against a year earlier

336.41 5.98 +1.81%
Market cap
$26.6B
P/E
455×
Fwd P/E
544×
Dividend yield
—
F-score
5/9
Altman Z
23.05
Beneish M
−2.90
Dividend safety
n/a

MongoDB, Inc. (MDB) Earnings & Analysis

Updated · Covers results through Q2 FY2027 · How this is made

Latest quarter

MongoDB reported Q2 FY2027 revenue of $771.8 million, up 30.5% from $591.4 million a year earlier and above the $733.6 million consensus. Adjusted earnings per share were $1.90, exceeding the $1.60 consensus. Diluted earnings per share were $0.50, compared with −$0.58 a year earlier.

In its filing, MongoDB attributed the increase in subscription revenue primarily to greater Atlas consumption by large existing customers and growth in MongoDB Enterprise Advanced. The company said its subscription gross margin rose primarily because of a shift in revenue mix toward Enterprise Advanced and other products. Overall gross margin was 73.8%, compared with 71.0% a year earlier, while operating margin was 3.68%, up from −11.0%.

MongoDB reported free cash flow of $139.4 million, compared with $71.6 million a year earlier. The filing said cloud infrastructure costs rose with Atlas growth, partly offset by efficiencies as the service scaled.

Q2 FY2027 Q2 FY2026 Change
Revenue $771.8 million $591.4 million 30.5%
Diluted EPS $0.50 −$0.58 —
Gross margin 73.8% 71.0% 2.8 percentage points
Operating margin 3.68% −11.0% 14.7 percentage points
Free cash flow $139.4 million $71.6 million 94.8%
Against the consensus Reported Consensus Result
Adjusted EPS $1.90 $1.60 Beat by 18.7%
Revenue $771.8 million $733.6 million Beat by 5.20%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

MongoDB’s filing said it intends to keep investing in engineering and marketing to support its developer community. The company also said it expects to continue investing in sales and developer outreach to acquire customers.

Guidance

In its filing, MongoDB said it expects a higher portion of Atlas contracts to be billed monthly in arrears based on usage without requiring upfront commitments. The company also expects gross margin to fluctuate over time.

Metric For Guide Previous guide Change
EPS, non-GAAP FY2027 $6.39–$6.58 — New
EPS, GAAP FY2027 $0.53–$0.77 — New
Operating income, non-GAAP FY2027 $616.3 million–$636.3 million — New
Revenue FY2027 $3.0 billion–$3.0 billion — New
EPS, non-GAAP Q3 FY2027 $1.57–$1.61 — New
EPS, GAAP Q3 FY2027 $0.00–$0.05 — New
Operating income, non-GAAP Q3 FY2027 $152.0 million–$156.0 million — New
Revenue Q3 FY2027 $756.0 million–$761.0 million — New