Q3 FY26 total revenues reached $2.432 billion, up 12.6%-13% year-over-year, with subscription revenues at $2.244 billion, up 14.6%-15% year-over-year, driven by strong execution, broad-based demand, and customer expansion across industries and geographies.
AI adoption accelerated, with over 1 billion AI actions year-to-date and more than 75% of core customers using new AI features; major acquisitions (Paradox, Sana) enhanced AI capabilities and product offerings.
Announced and executed a restructuring plan, reducing workforce by 7.5% and incurring $133 million in related costs, while exiting certain office spaces.
Expanded international presence with new offices, product localization, and a €175 million investment in a new AI Centre of Excellence in Dublin.
Welcomed new customers and expanded relationships in healthcare, government, and public sector, with healthcare surpassing $1 billion in annual recurring revenue.
Q3 subscription revenue was $2.244 billion, up 14.6%-15% year-over-year; total revenue was $2.432 billion, up 12.6%-13%.
Non-GAAP operating income was $692 million (28.5% margin), GAAP operating income was $259 million (10.7% margin); net income for the quarter was $252 million.
Operating cash flow for Q3 was $588 million, up 44.9%-45% year-over-year; free cash flow was $550 million, up 53.2%.
12-month subscription revenue backlog (CRPO) was $8.21 billion, up 17.6%; total subscription revenue backlog was $25.96-$26.0 billion, up 17%.
Cash, cash equivalents, and marketable securities totaled $6.8-$6.84 billion as of October 31, 2025.
Q4 FY26 subscription revenue expected at $2.355 billion, up 15%-15.5%; full-year FY26 subscription revenue guidance is $8.828 billion, up 14%-14.4%.
FY26 non-GAAP operating margin expected at approximately 29%; capital expenditures for FY26 projected at $200 million.
Q4 CRPO expected to grow 15%-16%, with Sana and Paradox contributing roughly 1.5 points to Q4 subscription revenue growth.
FY27 subscription revenue growth targeted at approximately 13%; Q1 FY27 expected to be up 14% year-over-year and flat sequentially.
Management expects continued investment in AI, international expansion, and industry verticals to drive long-term growth.
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