Okta
Secures workforce access and customer logins through the Okta and Auth0 cloud platforms.
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Profile
Sells cloud subscriptions for workforce access, identity governance, privileged access, and customer authentication through the Okta and Auth0 platforms. An independent integration model connects public clouds, on-premises systems, and thousands of applications, while service reliability and security underpin the product promise.
Provides workforce identity through the Okta Platform and customer identity through the developer-centric Auth0 Platform. Access management, lifecycle automation, governance, privileged access, threat protection, and posture management extend the portfolio beyond single sign-on.
Generates revenue primarily from multi-year cloud subscriptions, with professional services supporting deployment. A neutral integration model connects public clouds, on-premises systems, hybrid environments, and thousands of applications. Employees are divided roughly evenly between the United States and international locations.
Availability and security across Okta-controlled systems, third-party support channels, and integrations underpin the service. The two-platform model also depends on serving workforce administrators and application developers through distinct architectures and sales motions. Microsoft is the principal competitor named in the company’s filing.
Company facts
Categories
Key statistics
Year to date +98.7% · Average volume (30d) 3.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 28, 2026 | Susquehanna | Reiterate | Neutral | $80 | $185 |
| Aug 28, 2026 | Goldman Sachs | Reiterate | Buy | $126 | $203 |
| Aug 27, 2026 | Scotiabank | Reiterate | Outperform | $170 | $190 |
| Aug 27, 2026 | Truist Financial | Target | $165 | $200 | |
| Aug 27, 2026 | RBC Capital | Target | $166 | $195 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 26, 2026Q2 FY27 | $0.97 | $1.05 | +8.8% | $793.0M | $805.0M | +1.5% | +28.63% |
| May 28, 2026Q1 FY27 | $0.85 | $0.91 | +6.7% | $751.8M | $765.0M | +1.7% | +30.14% |
| Mar 4, 2026Q4 FY26 | $0.85 | $0.90 | +6.4% | $749.5M | $761.0M | +1.5% | +11.03% |
| Dec 2, 2025Q3 FY26 | $0.76 | $0.82 | +8.2% | $730.8M | $742.0M | +1.5% | +5.46% |
Financial highlights
| 12 quarters | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $688.0M | $728.0M | $742.0M | $761.0M | $765.0M | $805.0M | |
| Gross profit | $533.0M | $560.0M | $572.0M | $593.0M | $595.0M | $641.0M | |
| Operating income | $39.0M | $41.0M | $23.0M | $50.0M | $56.0M | $107.0M | |
| Net income | $62.0M | $67.0M | $43.0M | $63.0M | $74.0M | $116.0M | |
| Diluted EPS | $0.35 | $0.37 | $0.24 | $0.35 | $0.42 | $0.65 | |
| Gross margin | 77.5% | 76.9% | 77.1% | 77.9% | 77.8% | 79.6% | |
| Operating margin | 5.7% | 5.6% | 3.1% | 6.6% | 7.3% | 13.3% |
Fiscal years (4-quarter sums)FY22 $1.30B · FY23 $1.86B · FY24 $2.26B · FY25 $2.61B · FY26 $2.92B
Revenue by product · Q2 FY27
Revenue by geography · FY26
Balance sheet, Jul 31, 2026Cash & short-term investments $2.30B · Total debt $53.0M · Total assets $9.14B · Shareholders' equity $6.97B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 166.12M · Float 165.64M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 18.70M | 11.25% | 13F | Aug 7, 2026 |
| FMR LLC | 16.27M | 9.80% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 8.95M | 5.39% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 7.59M | 4.57% | 13F | Aug 13, 2026 |
| Todd McKinnon · director, officer: Chief Executive Officer | 6.42M | 3.87% | Form 4 | Jul 10, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 8, 2026 | Todd McKinnon | director, officer: Chief Executive Officer | −68,936 | $146.62 |
| Jun 22, 2026 | Larissa Schwartz | officer: See Remarks | −2,463 | $120.00 |
| Jun 18, 2026 | Eric Robert Kelleher | officer: See Remarks | −3,977 | $114.10 |
| Jun 8, 2026 | Brett Tighe | officer: Chief Financial Officer | −65,000 | $117.25 |
| Jun 2, 2026 | Larissa Schwartz | officer: See Remarks | −24,971 | $134.13 |
Peers
- Microsoft
Broad suite rival across workforce, governance, CIAM, and AI identity
- Palo Alto Networks
Security-platform rival centered on privilege and identity threats
- SailPoint
Identity-governance specialist expanding into privilege and AI identities
- Amazon
AWS-native alternative for customer, workforce, and workload identity
- Oracle
Hybrid IAM and governance rival embedded in Oracle cloud and apps
- IBM
Enterprise IAM rival spanning adaptive access and identity governance
- Alphabet Class A
Google-native workforce directory and application authentication rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Okta | $166.20 | +0.03% | $27.61B | 100.1 | 41.2 | 9.0 | +10.6% |
| Microsoft | $513.06 | −0.06% | $3.81T | 28.6 | 26.2 | 11.5 | +17.8% |
| Palo Alto Networks | $372.18 | +0.16% | $302.85B | 323.1 | 94.9 | 28.6 | +31.2% |
| SailPoint | $19.84 | +0.05% | $11.25B | — | — | 10.0 | +21.6% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Oracle | $150.95 | +0.17% | $434.14B | 25.9 | 18.7 | 6.4 | +20.6% |
| IBM | $235.80 | +0.10% | $221.96B | 20.8 | 18.4 | 3.2 | +1.1% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| Median | 23.6 | 26.0 | 9.4 | +20.6% |