Companies /Technology

Okta Inc - Class A

NASDAQ: OKTA Software - Infrastructure
$169.90
▼ $3.01 (−1.74%) today
Markets open · 2:30pm ET

Q3 2026 Earnings

Reported Dec 2, 2025, 4:03pm ET · SEC source
$0.82
Beat +8.38%
EPS · est. $0.76
$742.0M
Beat +1.58%
Revenue · est. $730.4M
+3.5%
Beating market
OKTA vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%+8%Dec 2Dec 3report 4:03pm ETearnings+0.3%+7.9%
−4%0+4%+8%Dec 2Dec 3earnings+0.3%+7.9%
OKTA +7.9%S&P 500 +0.3%
−4%0+4%+8%Dec 2Dec 3report 4:03pm ETearnings+0.1%+7.9%
−4%0+4%+8%Dec 2Dec 3earnings+0.1%+7.9%
OKTA +7.9%NASDAQ +0.1%
0+5%+10%Dec 1Dec 10report 4:03pm ETearnings+0.8%+13.2%
0+5%+10%Dec 1Dec 10earnings+0.8%+13.2%
OKTA +13.2%S&P 500 +0.8%
0+5%+10%Dec 1Dec 10report 4:03pm ETearnings+0.7%+13.2%
0+5%+10%Dec 1Dec 10earnings+0.7%+13.2%
OKTA +13.2%NASDAQ +0.7%
+5.46%
Day of report
−0.51%
Next session
+4.05%
One week
+4.66%
30 days

S&P 500 over the same 30 days: +1.16%.

Did OKTA Beat Earnings? Q3 2026 Results

Okta delivered a strong third quarter of fiscal 2026, beating on both the top and bottom lines as improving profitability and disciplined expense management drove results ahead of Wall Street expectations. The identity security company posted revenue of $742 million, up 11.6% year-over-year, while non-GAAP diluted EPS of $0.82 cleared the $0.7566 consensus estimate by 8.38% — a meaningful beat that sent shares up nearly 5% in after-hours trading. The outperformance was underpinned by subscription revenue of $724 million and a notable swing to GAAP operating profitability, with operating income reaching $23 million compared to a $16 million loss in the year-ago quarter. For investors still weighing <a href="https://247wallst.com/investing/2026/01/22/oktas-profits-are-up-but-its-credibility-still-hasnt-recovered/">Okta's longer-term recovery story</a>, the quarter offered tangible evidence of operating leverage. Remaining performance obligations grew 17% to $4.29 billion, reinforcing forward visibility, while Q4 revenue guidance of $748–$750 million and full-year EPS guidance of $3.43–$3.44 signaled continued, if measured, momentum heading into fiscal year-end.

Key Takeaways
  • Continued strength with large customers
  • Adoption of new products like Okta Identity Governance
  • Strong cash flow generation with 29% operating cash flow margin
  • Non-GAAP operating margin expansion to 24% from 21% YoY
  • RPO grew 17% YoY to $4.292 billion, indicating strong forward revenue visibility
  • cRPO grew 13% YoY to $2.328 billion

“We delivered another quarter of solid results highlighted by continued strength with large customers, adoption of new products like Okta Identity Governance, and strong cash flow.”

Okta CEO, on the earnings call

Forward Guidance & Outlook

For Q4 FY26, Okta expects total revenue of $748–$750 million (10% YoY growth), current RPO of $2.445–$2.450 billion (9% YoY growth), non-GAAP operating income of $189–$191 million (25% margin), non-GAAP diluted EPS of $0.84–$0.85 on ~185 million diluted shares, and non-GAAP free cash flow margin of approximately 31%. For the full year FY26, Okta expects total revenue of $2.906–$2.908 billion (11% YoY growth), non-GAAP operating income of $753–$755 million (26% margin), non-GAAP diluted EPS of $3.43–$3.44, and non-GAAP free cash flow margin of approximately 29%. Management notes a prudent approach to guidance given current market conditions.

OKTA YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$300.0M$600.0M$665.0M$742.0MRevenue$508.0M$572.0MGross Profit$6.7M$23.0MOperating Income$16.0M$43.0MNet Income
$0$300.0M$600.0MRevenueGross ProfitOperating IncomeNet Income

OKTA Revenue by Segment

Subscription$724.0M+11.0%
Professional services and other$18.0M

Figures from SEC filings and company reports. Not investment advice.