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Okta (OKTA) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Aug 27, 2026 · Okta (OKTA) Q2 FY27 earnings results →

Q2 FY27 Revenue up 11% year over year to $805M · 14¢ of every $1 of revenue kept as net profit · operating margin 13.3%

Okta made $805M in Q2 FY27 (+11% Y/Y): Subscription $793M, Professional services and other $12.0M. Operating margin 13.3%, net earnings $116M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 27, 2026.

Revenue$805M
Year over year+11%
Operating margin13.3%
Net earnings$116M
Operating cash flow$234M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $805.0M in Q2 FY27, up 11% year over year and up 5% from the previous quarter. Subscription was the largest line at 99% of revenue. Subscription added $82.0M year over year (up 12%), 106% of the total change. Professional services and other declined 29%.

Gross margin was 79.6%, up 2.7 points from Q2 FY26. Operating profit was $107.0M, a 13.3% margin (up 7.7 points year over year). Of the extra revenue versus Q2 FY26, 86% reached operating profit, above the 6% margin then. Operating expenses grew 3% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $116.0M, up 73% year over year. The effective tax rate was 7.9%.

Operating cash flow was $234.0M (up 40% year over year), 202% of net earnings. Non-cash charges added back $114.0M of share-based compensation. After capitalized software ($6.0M) and purchases of property and equipment ($1.0M), free cash flow as the company reports it was $227.0M.

Quarterly history

Okta revenue by quarterOkta revenue by quarter$682MQ4 FY25$688MQ1 FY26$728MQ2 FY26$742MQ3 FY26$761MQ4 FY26$765MQ1 FY27$805MQ2 FY27
Okta net earnings by quarterOkta net earnings by quarter$23.0MQ4 FY25$62.0MQ1 FY26$67.0MQ2 FY26$43.0MQ3 FY26$63.0MQ4 FY26$74.0MQ1 FY27$116MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QAug 27, 2026$805M+11%13.3%$116M$234M
Q1 FY2710-QMay 29, 2026$765M+11%7.3%$74.0M$277M
Q4 FY2610-KMar 5, 2026$761M+12%6.0%$63.0M$258M
Q3 FY2610-QDec 3, 2025$742M+12%3.1%$43.0M$218M
Q2 FY2610-QAug 27, 2025$728M+13%5.6%$67.0M$167M
Q1 FY2610-QMay 28, 2025$688M+12%5.7%$62.0M$241M
Q4 FY2510-KMar 5, 2025$682M+13%1.2%$23.0M$286M

Charts

Okta: revenue growth, year over year and quarter over quarterOkta: revenue growth, year over year and quarter over quarterY/YQ/Q+13%Q4 FY25+12%+1%Q1 FY26+13%+6%Q2 FY26+12%+2%Q3 FY26+12%+3%Q4 FY26+11%+1%Q1 FY27+11%+5%Q2 FY27
Latest (Q2 FY27): Y/Y +11%, Q/Q +5%.
Okta: where the cash came from (+) and went (−), TTM to Q2 FY27Okta: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$987MNet borrowing (+) / repaid (−)−$860MBuybacks−$445MOther investing$407MTaxes on employees’ shares−$190MCash drawn (+) / kept (−)$115MAcquisitions−$53.0MOther financing$42.0MCapital spending−$8.0MShares issued$6.0MExchange rates−$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Okta: profit against cash, quarter by quarterOkta: profit against cash, quarter by quarterNet incomeOperating cash flow$16.0M$159MQ3 FY25$23.0M$286MQ4 FY25$62.0M$241MQ1 FY26$67.0M$167MQ2 FY26$43.0M$218MQ3 FY26$63.0M$258MQ4 FY26$74.0M$277MQ1 FY27$116M$234MQ2 FY27
Latest (Q2 FY27): Net income $116M, Operating cash flow $234M.
Okta: diluted shares by fiscal yearOkta: diluted shares by fiscal year127MFY21148MFY22158MFY23164MFY24175MFY25179MFY26
+40.9% since FY21: more shares outstanding (issuance, stock pay).
Okta in its industry: growth against margin (192 companies, SIC 7372)Okta in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUNETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYOKTA (+11%, 13%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

Cybersecurity money flowCybersecurity · Identity & exposure

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Okta

We are the leading independent identity partner. Our vision is to free everyone to safely use any technology, and we believe identity is the key to making that happen. Our purpose is to bring simple and secure digital access to people and organizations everywhere. Our Okta Platform and Auth0 Platform enable our customers to securely connect the right people to the right technologies and services at the right time. Identity is becoming the most critical layer of an organization’s security. The acceleration of digital transformation, cloud adoption and the evolving security threat landscape continue to drive a shift in how organizations securely manage the identity of their employees, contractors and partners.

In its own words, from its 10-K, filed Mar 5, 2026.

Okta against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +14%. Operating margin: 13.3% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
OKTA OktaQ2 FY27$805M+11%13.3%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Okta 10-Q on SEC EDGAR · CIK 1660134 · Services-Prepackaged Software

Guidance and outlook

Okta Revenue: guidance against what was reportedOkta Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 FY26$728MQ3 FY26$742MFY26$2.9BQ4 FY26$761MFY27Q1 FY27$765MQ2 FY27$805MQ3 FY27
Met or beat 9 of 9 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns OKTA and who is buying

Largest holders of OKTA (13F)Largest holders of OKTA (13F)BlackRock$2.6BFMR LLC$2.2BVanguard Group$1.6BVanguard Portfolio Management LLC$1.2BVanguard Capital Management LLC$1.0BState Street$856MFirst Trust Advisors LP$614MAllspring Global Investments Hold…$510MMorgan Stanley$469MGeode Capital Management, LLC$445M
Funds' net buying of OKTA by quarter (13F)Funds' net buying of OKTA by quarter (13F)−$182M2024-09−$774M2024-12$764M2025-03$581M2025-06−$39.7M2025-09−$98.8M2025-12$507M2026-03$11.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OKTA

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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中文版：Okta（OKTA）财报

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