Filing Flows › Dynatrace (DT) › Q4 FY26
Dynatrace (DT) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 20, 2026
Dynatrace (DT) reported revenue of $532M for the fourth quarter fiscal 2026 (Q4 FY26), +19% from a year earlier and +3% from the quarter before. Operating margin was 7.0%, net earnings $17.4M (3.3% of revenue).
Dynatrace, Q4 FY26: revenue $532M (+19% year over year), operating margin 7.0%, net earnings $17.4M, operating cash flow $226M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $532M | +3% | +19% |
| Gross profit | $430M | +3% | +20% |
| Operating profit | $37.3M | -49% | -13% |
| Net earnings | $17.4M | -57% | -56% |
| Operating cash flow | $226M | +570% | +39% |
| Free cash flow | $212M | — | — |
What changed
Revenue was $531.7M in Q4 FY26, up 19% year over year and up 3% from the previous quarter. Subscription was the largest line at 95% of revenue.
Gross margin was 80.9%, unchanged from Q4 FY25. Operating profit was $37.3M, a 7.0% margin (down 2.6 points year over year). Operating profit fell $5.6M even though revenue rose $86.6M versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 24% against revenue growth of 19%. The fastest-growing cost line was Research & development (+26%). Net earnings were $17.4M, down 56% year over year. The effective tax rate was 62.8%. Non-operating items added $9.5M, 20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $226.4M (up 39% year over year), 1300% of net earnings. Non-cash charges added back $6.2M of depreciation and amortization and $73.0M of share-based compensation. Working capital and other items added $129.7M. After purchase of property and equipment ($14.0M), free cash flow as the company reports it was $212.4M.
Questions
What was Dynatrace's revenue in the fourth quarter fiscal 2026?
Dynatrace (DT) reported revenue of $532M for the fourth quarter fiscal 2026 (Q4 FY26), +19% from a year earlier and +3% from the quarter before.
Was Dynatrace profitable in the fourth quarter fiscal 2026?
Operating profit was $37.3M (7.0% of revenue) and net earnings $17.4M.
Source: Dynatrace 10-K on SEC EDGAR.