Okta (OKTA) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Okta published the results on August 26, 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. Okta 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.

• Okta's fiscal year ends January 31. Q2 fiscal 2027 is the three months ended July 31, 2026.
• From fiscal 2027 Okta computes non-GAAP net income with a fixed 21% tax rate, against 26% through fiscal 2026.

Source: Okta Q2 fiscal 2027 results, August 26, 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 Okta 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.

• Okta's Subscription revenue was $793 million in Q2 fiscal 2027, up 12% from $711 million in Q2 fiscal 2026, 99% of total revenue.
• Okta's Professional services and other revenue was $12.0 million in Q2 fiscal 2027, down 29% from $17.0 million in Q2 fiscal 2026, 1% 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 first two quotes are Okta's Q3 fiscal 2027 outlook; the last two are its full-year fiscal 2027 outlook.

In its Q2 fiscal 2027 release, Okta said:

“Total revenue of $813 million to $817 million, representing a growth rate of 10% year-over-year;”

“Non-GAAP diluted net income per share of $0.92 to $0.94, assuming diluted weighted-average shares outstanding of approximately 184 million and a non-GAAP tax rate of 21%;”

“Total revenue of $3.216 billion to $3.226 billion, representing a growth rate of 10% to 11% year-over-year;”

“Reflected in the revenue guidance is an approximately one percentage point impact to total revenue growth resulting from our decision to accelerate the shift of professional services business to our partners.”

Source: Okta Q2 fiscal 2027 release, Aug 26, 2026.

This is the company's own guidance as of Aug 26, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the OKTA forecast page.

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

GAAP revenue and diluted net income per share, each as first reported in that quarter's release.

Okta's next report is scheduled for December 1, 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 Aug 26, 2026

Okta's revenue is almost all subscriptions: $793 million of $805 million in Q2 fiscal 2027, up 12%, with professional services and other at $12 million, down 33%. Subscription revenue is fees for access to and use of its cloud platforms and related support, driven by the number of customers, users per customer and solutions used, and Okta typically invoices it annually in advance. (Okta Form 10-Q, Q2 fiscal 2027, Aug 27, 2026; Okta Q2 fiscal 2027 release, Aug 26, 2026)

Okta attributed subscription growth mainly to more users and additional solutions sold to existing customers, plus new customers. Its dollar-based net retention rate for the trailing 12 months was 107%, against 106%, and customers with annual contract value above $100,000 rose to 5,255 from 4,945. (Okta Form 10-Q, Q2 fiscal 2027, Aug 27, 2026)

Okta's platforms serve two uses: workforce identity, on the Okta Platform, which secures employees, contractors and partners, and customer identity, on both the Okta Platform and the Auth0 Platform. Its CFO said core workforce and customer identity both saw ACV acceleration in the quarter, with new products led by Okta Identity Governance also contributing. (Okta Form 10-K, fiscal 2026, Mar 5, 2026; Okta Q2 fiscal 2027 release, Aug 26, 2026)

Professional services revenue fell because Okta is shifting that work to global systems integrators, and it expects the line to keep declining. Its full-year fiscal 2027 revenue guidance includes an impact of about one percentage point on total revenue growth from the shift. (Okta Form 10-Q, Q2 fiscal 2027, Aug 27, 2026; Okta Q2 fiscal 2027 release, Aug 26, 2026)

Okta's revenue is mostly from the United States. In fiscal 2026, by customer billing address, the United States contributed $2,321 million of $2,919 million total revenue and international customers $598 million; no other country exceeded 10%. (Okta Form 10-K, fiscal 2026, Mar 5, 2026)

Okta's GAAP diluted EPS was $0.65 in Q2 fiscal 2027, against $0.37, and non-GAAP diluted EPS was $1.05, against $0.91. The non-GAAP measure excludes stock-based compensation ($114 million, against $144 million), amortization of acquired intangibles ($3 million) and acquisition and integration-related expenses ($2 million), then subtracts an assumed provision for income taxes. (Okta Q2 fiscal 2027 release, Aug 26, 2026)

Since February 1, 2026 Okta applies a fixed 21% non-GAAP tax rate, down from 26% through fiscal 2026. GAAP operating income rose to $107 million, 13% of total revenue, from $41 million, or 6%, while non-GAAP operating margin was 28% in both quarters. (Okta Q2 fiscal 2027 release, Aug 26, 2026)

Okta repurchased 1,542,442 shares for $125 million in the quarter under its $1 billion program, which had $555 million remaining at July 31, 2026, and it settled the remaining $350 million principal of its 2026 Notes in cash. GAAP diluted weighted-average shares were 178,808 thousand, against 180,966 thousand. (Okta Form 10-Q, Q2 fiscal 2027, Aug 27, 2026; Okta Q2 fiscal 2027 release, Aug 26, 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.

Okta guides revenue, current RPO, non-GAAP operating income, non-GAAP EPS and free cash flow in each release, and says it takes a prudent approach to forward guidance. For Q3 fiscal 2027 it expects total revenue of $813 million to $817 million (10% growth), cRPO of $2.590 billion to $2.600 billion and non-GAAP diluted EPS of $0.92 to $0.94. (Okta Q2 fiscal 2027 release, Aug 26, 2026)

For full year fiscal 2027 Okta now expects total revenue of $3.216 billion to $3.226 billion, 10% to 11% growth, non-GAAP diluted EPS of $3.90 to $3.94 and free cash flow of $910 million to $930 million. Okta says the free cash flow range carries an impact of about one percentage point from lower interest income after its buybacks and the cash settlement of the 2026 Notes. (Okta Q2 fiscal 2027 release, Aug 26, 2026)

A consensus figure is the average of the models published by the analysts who cover Okta, 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 Okta'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 OKTA is on is OKTA a buy or a sell?, what analysts expect next is on the OKTA forecast, and what the company does is on the Okta (OKTA) stock page.

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