Figma (FIG) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Figma published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Figma 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.

• Figma completed its IPO in July 2025. The year-ago quarter carried $1,138.3 million of stock-based compensation recognized after and because of the IPO, which is why its GAAP net loss per share was $2.72.
• Figma reports revenue by the billing address of its customers. The rows above are its United States and International revenue from the 10-Q.

Source: Figma Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Figma splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Figma's United States revenue was $183 million in Q3 2026, up 44% from $127 million in Q3 2025, 47% of total revenue.
• Figma's International revenue was $209 million in Q3 2026, up 42% from $147 million in Q3 2025, 53% 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

In its Q3 2026 release, Figma said:

“Revenue between $402.0 million and $404.0 million, implying 33% year-over-year growth at the midpoint of the range.”

“Revenue between $1.497 billion and $1.499 billion, implying 42% year-over-year growth at the midpoint of the range and a raise of $33.0 million to Figma's previously issued guidance.”

“Non-GAAP operating income between $158.0 million and $163.0 million, representing a non-GAAP operating margin of 11% at the midpoint of the range.”

Source: Figma Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the FIG forecast page.

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

GAAP revenue and diluted net loss per share, each as first reported in that quarter's release. Q3 2025 includes the stock-based compensation recognized after Figma's July 2025 IPO.

We do not hold a confirmed date for Figma's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

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.

• Q3 2026 (this page), reported Nov 4, 2026

Figma's revenue rose 43% to $391.4 million in Q3 2026, $16.4 million above the high end of its prior guidance. The 10-Q puts the $117.2 million increase down mainly to growth and expansion in Paid Customers: those with more than $10,000 in ARR rose 28% and those with more than $100,000 in ARR rose 36% from a year earlier. (Figma Q3 2026 release, Nov 4, 2026; Figma Form 10-Q, Q3 2026, Nov 4, 2026)

Figma had 16,566 Paid Customers with more than $10,000 in ARR and 1,717 with more than $100,000 at September 30, 2026, and a Net Dollar Retention Rate of 131%. Its CFO said customers continued to expand seats and that the Figma agent is expanding how they use credits across the platform. (Figma Q3 2026 release, Nov 4, 2026)

AI usage is the release's main product theme. At October 31, 2026, 65% of Paid Customers with more than $10,000 in ARR were using the Figma agent each week and over 80% were consuming AI credits. Figma said its MCP server was its fastest-growing product by weekly active users in the quarter, with total MCP usage up 3x quarter over quarter. (Figma Q3 2026 release, Nov 4, 2026)

More than half of revenue comes from outside the U.S. By customer billing address, International revenue was $208.6 million and United States revenue $182.8 million, up from $147.4 million and $126.8 million. No single country outside the U.S. reached 10% of revenue, and no customer reached 10%. (Figma Form 10-Q, Q3 2026, Nov 4, 2026)

Figma's GAAP net loss narrowed to $81.3 million, or $0.15 per share, from $1,097.0 million, or $2.72, a year earlier. Stock-based compensation explains the gap: $158.6 million in Q3 2026 against $1,138.3 million in Q3 2025, when Figma recognized expense following and because of its July 2025 IPO. (Figma Q3 2026 release, Nov 4, 2026; Figma Form 10-Q, Q3 2026, Nov 4, 2026)

Non-GAAP net income was $53.7 million and non-GAAP EPS $0.10 basic and diluted, against $0.10 diluted a year earlier. Figma's non-GAAP measures exclude stock-based compensation, employer payroll taxes on employee stock transactions, amortization of acquired intangibles, and items such as equity investment gains and losses and remeasurement of digital assets. (Figma Q3 2026 release, Nov 4, 2026)

Other income rose to $47.3 million from $29.3 million, mainly from a $19.5 million favorable change in the fair value of equity securities, primarily Figma's investment in a Bitcoin exchange traded fund. Cost of revenue fell 8% even as revenue grew, because of the lower stock-based compensation, partly offset by a $29.5 million rise in AI-related technical infrastructure and hosting costs. Weighted-average shares used for GAAP EPS were 532.4 million, against 403.2 million. (Figma Form 10-Q, Q3 2026, Nov 4, 2026; Figma Q3 2026 release, Nov 4, 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.

Figma gives a numeric outlook in its release. For Q4 2026 it expects revenue of $402.0 million to $404.0 million, 33% growth at the midpoint. For full year 2026 it raised revenue guidance by $33.0 million to $1.497 billion to $1.499 billion, 42% growth at the midpoint, and guided non-GAAP operating income of $158.0 million to $163.0 million. (Figma Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Figma, 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 Figma's own release and filings put weight on for Q3 2026, 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 FIG is on is FIG a buy or a sell?, what analysts expect next is on the FIG forecast, and what the company does is on the Figma (FIG) stock page.

Every number on this page can be traced to a document Figma 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.