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UiPath

UiPath (PATH) Q3 2026 Earnings

Reported Dec 3, 2025 at 4:13 PM ET · SEC Source

Q3 26 EPS

$0.16

BEAT +9.59%

Est. $0.15

Q3 26 Revenue

$411.1M

BEAT +4.64%

Est. $392.9M

vs S&P Since Q3 26

-40.8%

TRAILING MARKET

PATH -32.5% vs S&P +8.3%

Market Reaction

Did PATH Beat Earnings? Q3 2026 Results

UiPath posted a broad beat in its fiscal third quarter 2026, with revenue climbing 15.9% year-over-year to $411.11 million against a consensus estimate of $392.87 million, while non-GAAP earnings per share of $0.16 topped the $0.15 estimate by 9.59%,… Read more UiPath posted a broad beat in its fiscal third quarter 2026, with revenue climbing 15.9% year-over-year to $411.11 million against a consensus estimate of $392.87 million, while non-GAAP earnings per share of $0.16 topped the $0.15 estimate by 9.59%, as enterprises accelerated spending on AI and automation platforms. The most material driver of the quarter was a sharp profitability swing, with GAAP operating income reaching $13.07 million compared to a loss of $43.36 million a year ago, and non-GAAP operating income nearly doubling to $87.78 million from $49.72 million, pushing non-GAAP operating margin to 21% from 14%. Annual recurring revenue grew 11% year-over-year to $1.78 billion, supported by a dollar-based net retention rate of 107%. Shares moved higher following the report, reflecting investor confidence in the company's deepening partnerships with Microsoft, OpenAI, Google, NVIDIA, and Snowflake. Looking ahead, management guided Q4 revenue of $462 million to $467 million and non-GAAP operating income of approximately $140 million, signaling continued margin expansion into the fiscal year-end close.

Key Takeaways

  • • 16% year-over-year revenue growth driven by subscription services expansion
  • • ARR of $1.782 billion up 11% year-over-year with net new ARR of $59 million
  • • Dollar-based net retention rate of 107%
  • • GAAP operating margin swung to positive 3% from negative 12% year-over-year
  • • Non-GAAP operating margin expanded to 21% from 14% year-over-year
  • • Enterprise adoption of agentic automation and unified platform approach
24/7 Wall St

PATH YoY Financials

Q3 2026 vs Q3 2025, source: SEC Filings

24/7 Wall St

PATH Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 26 Q1 27

“I am pleased with our third quarter results delivering ARR of $1.782 billion, up 11 percent year-over-year, a testament to the team's focus, consistent execution, and the momentum we're seeing as customers scale agentic automation across the enterprise.”

— Daniel Dines, Q3 2026 Earnings Press Release

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