Filing Flows › Okta (OKTA) › Q3 FY26
Okta (OKTA) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 3, 2025
Okta (OKTA) reported revenue of $742M for the third quarter fiscal 2026 (Q3 FY26), +12% from a year earlier and +2% from the quarter before. Operating margin was 3.1%, net earnings $43.0M (5.8% of revenue).
Okta, Q3 FY26: revenue $742M (+12% year over year), operating margin 3.1%, net earnings $43.0M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $742M | +2% | +12% |
| Gross profit | $572M | +2% | +13% |
| Operating profit | $23.0M | -44% | — |
| Net earnings | $43.0M | -36% | +169% |
| Operating cash flow | $218M | +31% | +37% |
| Free cash flow | $211M | — | — |
What changed
Revenue was $742.0M in Q3 FY26, up 12% year over year and up 2% from the previous quarter. Subscription was the largest line at 98% of revenue. Subscription added $73.0M year over year (up 11%), 95% of the total change.
Gross margin was 77.1%, up 0.7 points from a year earlier. Operating profit was $23.0M, a 3.1% margin (up 5.5 points year over year). Operating expenses grew 5% against revenue growth of 12%. Net earnings were $43.0M, up 169% year over year. The effective tax rate was 14.0%. Non-operating items added $27.0M, 54% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $218.0M (up 37% year over year), 507% of net earnings. Non-cash charges added back $138.0M of share-based compensation. Working capital and other items added $37.0M. After purchases of property and equipment ($4.0M) and capitalized software ($3.0M), free cash flow as the company reports it was $211.0M.
Questions
What was Okta's revenue in the third quarter fiscal 2026?
Okta (OKTA) reported revenue of $742M for the third quarter fiscal 2026 (Q3 FY26), +12% from a year earlier and +2% from the quarter before.
Was Okta profitable in the third quarter fiscal 2026?
Operating profit was $23.0M (3.1% of revenue) and net earnings $43.0M.
Source: Okta 10-Q on SEC EDGAR.