Q3 26 EPS
$0.82
BEAT +8.38%
Est. $0.76
Q3 26 Revenue
$742.0M
BEAT +1.58%
Est. $730.4M
vs S&P Since Q3 26
-9.2%
TRAILING MARKET
OKTA -3.8% vs S&P +5.4%
Market Reaction
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… Read more 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 $0.76 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 Okta's longer-term recovery story, 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
OKTA YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
OKTA Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Todd McKinnon, Q3 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% |