Q1 26 EPS
$0.86
BEAT +11.49%
Est. $0.77
Q1 26 Revenue
$688.0M
BEAT +1.16%
Est. $680.1M
vs S&P Since Q1 26
-53.3%
TRAILING MARKET
OKTA -30.7% vs S&P +22.6%
Market Reaction
Did OKTA Beat Earnings? Q1 2026 Results
Okta posted a convincing beat across the board in its fiscal first quarter of 2026, with earnings per share of $0.86 clearing the $0.77 consensus estimate by 11.49% and revenue of $688 million coming in ahead of expectations by 1.16% on 11.5% year-ov… Read more Okta posted a convincing beat across the board in its fiscal first quarter of 2026, with earnings per share of $0.86 clearing the $0.77 consensus estimate by 11.49% and revenue of $688 million coming in ahead of expectations by 1.16% on 11.5% year-over-year growth. The headline driver behind the strong bottom line was a dramatic improvement in operating discipline, total operating expenses actually fell to $494 million from $516 million a year ago even as revenue grew, helping non-GAAP operating margin expand to 27% from 22% and pushing the company to GAAP profitability of $62 million in net income versus a $40 million loss in the prior-year period. RPO climbed 21% year-over-year to $4.08 billion, offering meaningful visibility into future revenue. For those tracking how far Okta has come since its post-breach credibility challenges, the profitability milestone carries weight. Looking ahead, Okta guided Q2 revenue to $710–$712 million and full-year revenue to $2.85–$2.86 billion, with management noting macroeconomic uncertainty as a factor in its measured outlook.
Key Takeaways
- • Subscription revenue grew 12% year-over-year
- • Record GAAP and non-GAAP operating profitability
- • RPO grew 21% year-over-year to $4.084 billion, indicating strong future revenue visibility
- • Current RPO grew 14% year-over-year to $2.227 billion
- • Non-GAAP operating margin expanded to 27% from 22% year-over-year
- • Stock-based compensation expense decreased from $151 million to $128 million year-over-year
- • Free cash flow of $238 million representing 35% margin
OKTA YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
OKTA Revenue by Segment
With YoY comparisons, source: SEC Filings
“Okta had a solid start to FY26 highlighted by record operating profit and another quarter of robust free cash flow.”
— Todd McKinnon, Q1 2026 Earnings Press Release
OKTA Earnings Trends
OKTA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
OKTA EPS Trend
Earnings per share: estimate vs actual
OKTA Revenue Trend
Quarterly revenue: estimate vs actual
OKTA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.85 | $0.90 | +5.88% | $761.0M | — |
| FY Full Year | $3.44 | $3.50 | +1.71% | $2.92B | +0.41% |
| Q3 26 BEAT | $0.76 | $0.82 | +8.38% | $742.0M | +1.58% |
| Q2 26 BEAT | $0.85 | $0.91 | +7.57% | $728.0M | +2.27% |
| Q1 26 BEAT | $0.77 | $0.86 | +11.49% | $688.0M | +1.16% |
| Q4 25 BEAT FY | $0.74 | $0.78 | +5.95% | $682.0M | — |
| FY Full Year | $2.78 | $2.81 | +1.24% | $2.61B | +0.50% |