Filing Flows › Okta (OKTA) › Q1 FY27 › vs Q1 FY26
Okta (OKTA) Q1 FY27 vs Q1 FY26 (year over year)
Okta's revenue rose $77.0M (+11%) from $688M in Q1 FY26 to $765M in Q1 FY27. The biggest changes: Subscription +$77.0M (+11%); Professional services and other +$0 (0%). Gross margin 77.8% against 77.5% (+0.3 pts).
Okta, Q1 FY27: revenue $765M (+11% year over year), operating margin 7.3%, net earnings $74.0M, operating cash flow $277M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 77.8% | 77.5% | +0.3 pts |
| Operating margin | 7.3% | 5.7% | +1.7 pts |
| Net margin | 9.7% | 9.0% | +0.7 pts |
| Free cash flow margin | 35.4% | 34.6% | +0.8 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $750M | $673M | $77.0M | +11% |
| Professional services and other | $15.0M | $15.0M | $0 | 0% |
| Revenue | $765M | $688M | $77.0M | +11% |
| Gross profit | $595M | $533M | $62.0M | +12% |
| Cost of revenue | $170M | $155M | $15.0M | +10% |
| Other income, net | $22.0M | $29.0M | −$7.0M | -24% |
| Operating profit | $56.0M | $39.0M | $17.0M | +44% |
| Operating expenses | $539M | $494M | $45.0M | +9% |
| Pre-tax earnings | $78.0M | $68.0M | $10.0M | +15% |
| Research & development | $163M | $154M | $9.0M | +6% |
| Sales & marketing | $278M | $237M | $41.0M | +17% |
| General & admin | $98.0M | $103M | −$5.0M | -5% |
| Net earnings | $74.0M | $62.0M | $12.0M | +19% |
| Income tax | $4.0M | $6.0M | −$2.0M | -33% |
| Share-based compensation | $117M | $128M | −$11.0M | -9% |
| Working capital & other | $86.0M | $51.0M | $35.0M | +69% |
| Operating cash flow | $277M | $241M | $36.0M | +15% |
| Free cash flow (company-reported) | $271M | $238M | $33.0M | +14% |
| Capitalized software | $5.0M | $2.0M | $3.0M | +150% |
| Purchases of property and equipment | $1.0M | $1.0M | $0 | 0% |
Questions
How much did Okta's revenue grow year over year in Q1 FY27?
Okta's revenue rose $77.0M (+11%) from $688M in Q1 FY26 to $765M in Q1 FY27.
What drove Okta's revenue change in Q1 FY27?
Subscription +$77.0M (+11%); Professional services and other +$0 (0%).