Braze (BRZE) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Braze published the results on September 8, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Braze reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Braze's fiscal year ends January 31, so Q2 fiscal 2027 is the quarter ended July 31, 2026.
• Braze acquired OfferFit on June 2, 2025, so the year-ago quarter includes OfferFit for about two months and this quarter for all three.

Source: Braze Q2 fiscal 2027 results, September 8, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Braze splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Braze's Subscription revenue was $208 million in Q2 fiscal 2027, up 21% from $172 million in Q2 fiscal 2026, 91% of total revenue.
• Braze's Professional services and other revenue was $19.6 million in Q2 fiscal 2027, up 135% from $8.3 million in Q2 fiscal 2026, 9% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The last three quotes are rows from Braze's guidance table, in millions except per-share figures. In each row the first range is the fiscal Q3 2027 guidance and the second is the full fiscal year 2027 guidance.

In its Q2 fiscal 2027 release, Braze said:

“Braze is initiating guidance for the fiscal third quarter ending October 31, 2026, and updating guidance for the fiscal year ending January 31, 2027.”

“Revenue $229.0-$230.0 $910.0-913.0”

“Non-GAAP operating income $16.0-17.0 $75.5-76.5”

“Non-GAAP net income per share, diluted $0.13-0.14 $0.64-0.65”

Source: Braze Q2 fiscal 2027 release, Sep 8, 2026.

This is the company's own guidance as of Sep 8, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BRZE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and net loss per share attributable to Braze common stockholders, basic and diluted, each as first reported in that quarter's release.

Braze's next report is scheduled for December 8, 2026. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Sep 8, 2026

Braze had revenue of $227.2 million in Q2 fiscal 2027, up 26.2% from $180.1 million. Braze said new customers drove most of the growth, along with upsells and renewals. Subscription revenue was $207.7 million and professional services and other revenue $19.6 million, more than double the $8.3 million of a year earlier. (Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026)

Braze sells a customer engagement platform on a land-and-expand model. Its 10-K says pricing is based in large part on the number of consumers its customers reach and the volume of messages they send, so contract values grow as customers reach more end users. (Braze Form 10-K, fiscal 2026, Mar 25, 2026)

Braze's 10-Q attributes about 55.3% of the $47.1 million revenue increase to growth from existing customers and 44.7% to new customers. Total customers rose to 2,789 from 2,422, and customers with ARR of $500,000 or more rose to 361 from 282. (Braze Form 10-Q, Q2 fiscal 2027, Sep 9, 2026; Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026)

Users in the United States produced $125.6 million of Braze's revenue in the quarter and international users $101.7 million; no other single country reached 10%. Remaining performance obligations were $1,092.5 million, of which $691.1 million is due within a year. (Braze Form 10-Q, Q2 fiscal 2027, Sep 9, 2026; Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026)

Braze lost $0.17 per share on a GAAP basis in Q2 fiscal 2027, a net loss attributable to Braze of $18.9 million, against $0.26 a year earlier. Non-GAAP net income was $21.2 million, or $0.19 per diluted share. Stock-based compensation of $35.7 million accounts for most of the gap; Braze also excludes amortization of intangibles ($2.9 million), employer taxes on stock compensation and its 1% Pledge charitable donations. (Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026)

Braze's GAAP gross margin slipped to 66.8% from 67.7%. The 10-Q says cost of revenue rose $17.2 million, including $7.4 million more in third-party messaging fees from growth in premium messaging channels and $5.2 million more in hosting, infrastructure and other third-party fees. (Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026; Braze Form 10-Q, Q2 fiscal 2027, Sep 9, 2026)

Braze's GAAP loss per share uses 111.3 million weighted average shares and the non-GAAP figure 114.2 million. Its board authorized a $100.0 million share repurchase program in March 2026, and Braze spent $50.0 million on repurchases in the first half of fiscal 2027. (Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026; Braze Form 10-Q, Q2 fiscal 2027, Sep 9, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Braze guides in each release. For fiscal Q3 2027 it expects revenue of $229.0 million to $230.0 million, non-GAAP operating income of $16.0 million to $17.0 million and non-GAAP EPS of $0.13 to $0.14. For the full fiscal year 2027 it expects revenue of $910.0 million to $913.0 million and non-GAAP EPS of $0.64 to $0.65. (Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026)

Braze does not reconcile its non-GAAP guidance to GAAP, citing the variability of stock-based compensation tied to its stock price. (Braze Q2 fiscal 2027 release (8-K Exhibit 99.1), Sep 8, 2026)

A consensus figure is the average of the models published by the analysts who cover Braze, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Braze's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning BRZE is on is BRZE a buy or a sell?, what analysts expect next is on the BRZE forecast, and what the company does is on the Braze (BRZE) stock page.

Every number on this page can be traced to a document Braze published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.