Okta (OKTA) Q4 2026 earnings summary

Executive summary

• Q4 FY26 revenue grew 11% year-over-year to $761 million, with subscription revenue also up 11% to $747 million and full-year revenue rising 12% to $2.919 billion.

• Achieved strong finish to FY 2026, driven by large enterprise wins, partner engagement, and new product contributions, especially in AI security.

• GAAP net income for Q4 was $63 million, up from $23 million a year ago; full-year GAAP net income was $235 million, up from $28 million.

• Customers with annual contract value over $100K rose to 5,100, a 6% increase year-over-year.

• The business demonstrated significant operational efficiency and is positioned for profitable growth.

Financial highlights

• Q4 FY26 total revenue: $761M (+11% YoY); subscription revenue: $747M (+11% YoY); full-year revenue: $2.919B (+12% YoY).

• Q4 GAAP operating income was $46 million (6% margin); Q4 non-GAAP operating income was $202 million (26% margin).

• Full-year non-GAAP operating income was $766 million (26% margin), up from $587 million (22% margin) last year.

• Q4 free cash flow was $252 million (33% margin); full-year free cash flow was $863 million (30% margin).

• Cash, cash equivalents, and short-term investments totaled $2.553 billion at year-end.

Outlook and guidance

• FY27 revenue guidance is $3.170–$3.190 billion, up 9% year-over-year; non-GAAP operating margin expected at 25–26%.

• Q1 FY27 revenue expected between $749–$753 million, up 9% year-over-year; non-GAAP operating margin: 23–24%.

• FY27 free cash flow margin: 27–28%; non-GAAP tax rate: 21% due to federal tax law changes.

• Guidance reflects a one-point revenue impact from shifting more professional services to partners and a one-point free cash flow headwind from lower interest income.