Filing Flows › Guidewire Software (GWRE) › How it makes money
How Guidewire Software (GWRE) makes money
Guidewire Software (GWRE) made $411M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Subscription and support brought in $267M (65%); License brought in $77.1M (19%); Services brought in $67.3M (16%). Of every dollar of revenue, 66¢ was left as gross profit, 15¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q4 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription and support | $267M | 64.9% | +9% | — |
| ↳ Subscription | $253M | 61.7% | +9% | — |
| ↳ Support | $13.3M | 3.2% | +5% | — |
| License | $77.1M | 18.8% | +38% | — |
| Services | $67.3M | 16.4% | -6% | — |
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $411M | 100.0% |
| Cost of revenue | $141M | 34.4% |
| Gross profit | $270M | 65.6% |
| Operating expenses | $207M | 50.4% |
| Operating profit | $62.3M | 15.2% |
| Income tax | $13.9M | 3.4% |
| Net earnings | $31.4M | 7.6% |
| Operating cash flow | $284M | 69.1% |
| Free cash flow | $282M | 68.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $411M | +15% |
| Q3 FY26 | $373M | +27% |
| Q2 FY26 | $359M | +24% |
| Q1 FY26 | $333M | +26% |
| Q4 FY25 | $357M | +22% |
| Q3 FY25 | $294M | +22% |
| Q2 FY25 | $289M | +20% |
From Guidewire Software's 10-K filed Sep 11, 2026 (on EDGAR).
Questions
How does Guidewire Software make money?
Guidewire Software (GWRE) made $411M of revenue in the fourth quarter fiscal 2026 (Q4 FY26). Subscription and support brought in $267M (65%); License brought in $77.1M (19%); Services brought in $67.3M (16%). Of every dollar of revenue, 66¢ was left as gross profit, 15¢ was left as operating profit, 8¢ was left as net earnings.
What is Guidewire Software's biggest business?
Subscription and support: $267M in the fourth quarter fiscal 2026, 65% of revenue.
What is Guidewire Software's profit margin?
Net earnings were $31.4M, 7.6% of revenue, in the fourth quarter fiscal 2026; the operating margin was 15.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.