Filing Flows › CrowdStrike Holdings (CRWD) › Q2 FY27 › vs Q2 FY26
CrowdStrike Holdings (CRWD) Q2 FY27 vs Q2 FY26 (year over year)
CrowdStrike Holdings's revenue rose $302M (+26%) from $1.2B in Q2 FY26 to $1.5B in Q2 FY27. The biggest changes: Subscription +$297M (+27%); Professional services +$4.6M (+7%).
CrowdStrike Holdings, Q2 FY27: revenue $1.5B (+26% year over year), operating margin -2.3%, net earnings $5.3M, operating cash flow $530M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 27.6% | 25.9% | +1.7 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $1.4B | $1.1B | $297M | +27% |
| Professional services | $70.6M | $66.0M | $4.6M | +7% |
| Revenue | $1.5B | $1.2B | $302M | +26% |
| Other income, net | $37.2M | $41.3M | −$4.1M | -10% |
| Income tax benefit | $1.4M | −$6.0M | $7.3M | — |
| Costs & expenses | $1.5B | $1.3B | $229M | +18% |
| Operating costs | $1.5B | $1.3B | $230M | +18% |
| Net earnings | $5.3M | −$70.1M | $75.4M | — |
| Cost of revenue | $374M | $309M | $65.5M | +21% |
| Research & development | $444M | $343M | $102M | +30% |
| Sales & marketing | $510M | $447M | $63.4M | +14% |
| General & admin | $176M | $177M | −$791K | -0.4% |
| Operating cash sources | $530M | $333M | $197M | +59% |
| Depreciation & amortization | $25.7M | $19.6M | $6.1M | +31% |
| Share-based compensation | $377M | $280M | $97.3M | +35% |
| Working capital & other | $122M | $104M | $18.6M | +18% |
| Operating cash flow | $530M | $333M | $197M | +59% |
| Free cash flow (OCF − capex) | $406M | $302M | $104M | +34% |
| Capital expenditures | $124M | $30.5M | $93.9M | +308% |
Questions
How much did CrowdStrike Holdings's revenue grow year over year in Q2 FY27?
CrowdStrike Holdings's revenue rose $302M (+26%) from $1.2B in Q2 FY26 to $1.5B in Q2 FY27.
What drove CrowdStrike Holdings's revenue change in Q2 FY27?
Subscription +$297M (+27%); Professional services +$4.6M (+7%).