Filing Flows › Okta (OKTA) › Q2 FY27 › vs Q1 FY27
Okta (OKTA) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Okta's revenue rose $40.0M (+5%) from $765M in Q1 FY27 to $805M in Q2 FY27. The biggest changes: Subscription +$43.0M (+6%); Professional services and other −$3.0M (-20%). Gross margin 79.6% against 77.8% (+1.8 pts).
Okta, Q2 FY27: revenue $805M (+11% year over year), operating margin 13.3%, net earnings $116M, operating cash flow $234M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 79.6% | 77.8% | +1.8 pts |
| Operating margin | 13.3% | 7.3% | +6.0 pts |
| Net margin | 14.4% | 9.7% | +4.7 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription | $793M | $750M | $43.0M | +6% |
| Professional services and other | $12.0M | $15.0M | −$3.0M | -20% |
| Revenue | $805M | $765M | $40.0M | +5% |
| Gross profit | $641M | $595M | $46.0M | +8% |
| Cost of revenue | $164M | $170M | −$6.0M | -4% |
| Other income, net | $19.0M | $22.0M | −$3.0M | -14% |
| Operating profit | $107M | $56.0M | $51.0M | +91% |
| Operating expenses | $534M | $539M | −$5.0M | -0.9% |
| Pre-tax earnings | $126M | $78.0M | $48.0M | +62% |
| Research & development | $163M | $163M | $0 | 0% |
| Sales & marketing | $273M | $278M | −$5.0M | -2% |
| General & admin | $98.0M | $98.0M | $0 | 0% |
| Net earnings | $116M | $74.0M | $42.0M | +57% |
| Income tax | $10.0M | $4.0M | $6.0M | +150% |
| Share-based compensation | $114M | $117M | −$3.0M | -3% |
| Working capital & other | $4.0M | $86.0M | −$82.0M | -95% |
| Operating cash flow | $234M | $277M | −$43.0M | -16% |
Questions
How much did Okta's revenue grow quarter over quarter in Q2 FY27?
Okta's revenue rose $40.0M (+5%) from $765M in Q1 FY27 to $805M in Q2 FY27.
What drove Okta's revenue change in Q2 FY27?
Subscription +$43.0M (+6%); Professional services and other −$3.0M (-20%).