Okta Inc - Class A
Q4 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: −3.24%.
Did OKTA Beat Earnings? Q4 2026 Results
Okta closed out fiscal 2026 on a strong note, <a href="https://247wallst.com/investing/2026/03/04/live-will-okta-beat-q4-earnings-after-the-bell-tonight/">delivering a fourth-quarter beat</a> that extended the identity security company's EPS consensus streak to four consecutive quarters. Non-GAAP diluted EPS of $0.90 topped the $0.85 consensus by 5.88%, while revenue of $761.00 million grew 11.6% year-over-year and edged past the $749.18 million estimate by 1.58%. A key driver behind the performance was the continued expansion of Okta's remaining performance obligations, which climbed 15% to $4.83 billion, reflecting durable enterprise demand even as the company navigates a strategic shift of professional services work to partners. Full-year results marked a milestone moment, with Okta crossing into GAAP operating profitability at $149.00 million versus a $74.00 million loss in FY2025. Looking ahead, the company guided for FY2027 revenue of $3.17 billion to $3.19 billion, representing 9% growth, with CEO Todd McKinnon emphasizing AI agent identity security as a defining opportunity for the platform.
- 11% year-over-year revenue growth driven by subscription strength
- RPO grew 15% year-over-year to $4.827 billion, indicating strong forward pipeline
- cRPO grew 12% year-over-year to $2.513 billion
- Non-GAAP operating margin expanded to 26% from 25% year-over-year
- GAAP operating income improved to $46 million from $8 million year-over-year
- Continued trust from the world's largest organizations
“Our strong performance this fiscal year was fueled by the continued trust of the world's largest organizations and the accelerating adoption of our new products, reinforcing the value of our unified identity platform.”
Okta CEO, on the earnings call
Forward Guidance & Outlook
For Q1 FY2027, Okta expects total revenue of $749 million to $753 million (9% YoY growth), cRPO of $2.440 billion to $2.450 billion (10% YoY growth), non-GAAP operating income of $176 million to $180 million (23-24% margin), non-GAAP diluted EPS of $0.84 to $0.86, and non-GAAP free cash flow of $250 million to $260 million. For full year FY2027, the company expects total revenue of $3.170 billion to $3.190 billion (9% growth), non-GAAP operating income of $795 million to $815 million (25-26% margin), non-GAAP diluted EPS of $3.74 to $3.82, and free cash flow of $850 million to $880 million (27-28% margin). Revenue guidance reflects an approximately one percentage point headwind from accelerating the shift of professional services to partners. Free cash flow guidance reflects a similar headwind from lower interest income. The company adopted a 21% non-GAAP tax rate for FY2027, down from 26%, primarily due to enactment of the One Big Beautiful Bill Act.
OKTA YoY Financials
OKTA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.