Filing Flows › Okta (OKTA) › Q2 FY26
Okta (OKTA) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 27, 2025
Okta (OKTA) reported revenue of $728M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +6% from the quarter before. Operating margin was 5.6%, net earnings $67.0M (9.2% of revenue).
Okta, Q2 FY26: revenue $728M (+13% year over year), operating margin 5.6%, net earnings $67.0M, operating cash flow $167M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $728M | +6% | +13% |
| Gross profit | $560M | +5% | +14% |
| Operating profit | $41.0M | +5% | — |
| Net earnings | $67.0M | +8% | +131% |
| Operating cash flow | $167M | -31% | +94% |
| Free cash flow | $162M | — | — |
What changed
Revenue was $728.0M in Q2 FY26, up 13% year over year and up 6% from the previous quarter. Subscription was the largest line at 98% of revenue. Subscription added $79.0M year over year (up 12%), 96% of the total change.
Gross margin was 76.9%, up 0.9 points from a year earlier. Operating profit was $41.0M, a 5.6% margin (up 8.6 points year over year). Operating expenses grew 2% against revenue growth of 13%. Net earnings were $67.0M, up 131% year over year. The effective tax rate was 0.0%. Non-operating items added $26.0M, 39% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $167.0M (up 94% year over year), 249% of net earnings. Non-cash charges added back $144.0M of share-based compensation. Working capital and other items used $44.0M. After capitalized software ($3.0M) and purchases of property and equipment ($2.0M), free cash flow as the company reports it was $162.0M.
Questions
What was Okta's revenue in the second quarter fiscal 2026?
Okta (OKTA) reported revenue of $728M for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +6% from the quarter before.
Was Okta profitable in the second quarter fiscal 2026?
Operating profit was $41.0M (5.6% of revenue) and net earnings $67.0M.
Source: Okta 10-Q on SEC EDGAR.