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Okta, Inc.

OKTA Technology Software Infrastructure

Okta, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $2.9 billion, up 11.8% from fiscal 2025.

Revenue
+10.6%
EPS
+76.3%
Free cash flow
+38.9%
Total debt
−59.2%

Quarter to July 2026, against a year earlier

186.73 1.86 +1.01%
Market cap
$32.3B
P/E
110×
Fwd P/E
105×
Dividend yield
—
F-score
8/9
Altman Z
3.40
Beneish M
−2.66
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Okta, Inc. (OKTA) Earnings & Analysis

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

Latest quarter

Okta reported Q2 FY2027 revenue of $805.0 million, above the consensus of $792.1 million. Adjusted earnings per share were $1.05, compared with the consensus of $0.96.

Revenue rose from $728.0 million a year earlier. In its filing, Okta attributed subscription revenue growth primarily to more users and additional solutions sold to existing customers, as well as new customers. Professional services and other revenue fell as the company shifted that business to global systems integrators.

Gross margin increased to 79.6% from 76.9%, while operating margin rose to 13.3% from 5.63%. Okta attributed the increase in subscription gross margin primarily to lower amortization of acquired technology and improved spending efficiency. The company reported diluted earnings per share of $0.65, up from $0.37 a year earlier, and free cash flow of $225.0 million, up from $162.0 million.

Q2 FY2027 Q2 FY2026 Change
Revenue $805.0 million $728.0 million 10.6%
Diluted EPS $0.65 $0.37 75.7%
Gross margin 79.6% 76.9% 2.7 percentage points
Operating margin 13.3% 5.63% 7.7 percentage points
Free cash flow $225.0 million $162.0 million 38.9%
Against the consensus Reported Consensus Result
Adjusted EPS $1.05 $0.96 Beat by 9.38%
Revenue $805.0 million $792.1 million Beat by 1.62%

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

What management said on the call

An earnings call was not available. In its filing, Okta said it charges subscription fees primarily according to the solutions customers use and the number of users on its platforms.

The company said it expects professional services and other revenue to decline as it shifts more engagements to partners. Okta also said it expects interest income to decrease in FY2027 following the cash settlement of its notes and as it deploys investable cash for share repurchases.

Guidance

Okta raised its FY2027 revenue outlook to approximately $3.2 billion. The company also raised its full-year free cash flow outlook to $910.0 million to $930.0 million.

Metric For Guide Previous guide Change
Free cash flow, non-GAAP FY2027 $910.0 million–$930.0 million — New
Tax rate, non-GAAP FY2027 21.0% — New
EPS, non-GAAP FY2027 $3.90–$3.94 — New
Operating margin, non-GAAP FY2027 26.0% — New
Operating income, non-GAAP FY2027 $830.0 million–$840.0 million — New
Revenue FY2027 $3.2 billion–$3.2 billion — New
Free cash flow, non-GAAP Q3 FY2027 $175.0 million–$185.0 million — New
Tax rate, non-GAAP Q3 FY2027 21.0% — New
EPS, non-GAAP Q3 FY2027 $0.92–$0.94 — New
Operating margin, non-GAAP Q3 FY2027 24.0%–25.0% — New
Operating income, non-GAAP Q3 FY2027 $196.0 million–$200.0 million — New
Backlog, Current Rpo Q3 FY2027 $2.6 billion–$2.6 billion — New
Revenue Q3 FY2027 $813.0 million–$817.0 million — New

This page is for information only. It is not investment advice, a recommendation or an offer to buy or sell any security. Figures come from the sources listed above and may contain errors; verify against the company's filings.