Filing Flows › Okta (OKTA) › Q2 FY27
Okta (OKTA) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 27, 2026
Okta (OKTA) reported revenue of $805M for the second quarter fiscal 2027 (Q2 FY27), +11% from a year earlier and +5% from the quarter before. Operating margin was 13.3%, net earnings $116M (14.4% of revenue).
Okta, Q2 FY27: revenue $805M (+11% year over year), operating margin 13.3%, net earnings $116M, operating cash flow $234M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $805M | +5% | +11% |
| Gross profit | $641M | +8% | +14% |
| Operating profit | $107M | +91% | +161% |
| Net earnings | $116M | +57% | +73% |
| Operating cash flow | $234M | -16% | +40% |
| Free cash flow | $227M | — | +40% |
What changed
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.
Questions
What was Okta's revenue in the second quarter fiscal 2027?
Okta (OKTA) reported revenue of $805M for the second quarter fiscal 2027 (Q2 FY27), +11% from a year earlier and +5% from the quarter before.
Was Okta profitable in the second quarter fiscal 2027?
Operating profit was $107M (13.3% of revenue) and net earnings $116M.
Source: Okta 10-Q on SEC EDGAR.