Okta (OKTA) FCF Margin (2016 - 2026)
Okta's (OKTA) quarterly FCF Margin came in at 36.08% in Q2 2026, up 119.0% year-on-year from 16.47% in Q2 2025, and up 8.52% quarter-over-quarter from 33.25% in Q1 2026.
Okta (OKTA) FCF Margin (2016 - 2026) Analysis & Trends
Okta's FCF Margin history runs 11 years deep, the most recent figure standing at 36.08% for Q2 2026.
- On a quarterly basis, FCF Margin rose 119.0% year-over-year to 36.08% in Q2 2026; TTM through Apr 2026 was 30.31%, a 185.0% increase from a year earlier, with the FY2026 full-year figure at 29.87%, up 160.0% from the prior year.
- FCF Margin rose to 36.08% in Q2 2026 per OKTA's latest filing, from 33.25% in the prior quarter.
- Across five years, FCF Margin topped out at 41.2% in Q1 2025 and bottomed at 4.65% in Q3 2022.
- The 5-year median for FCF Margin is 24.41% (2023), against an average of 20.68%.
- Across the five-year window, FCF Margin plunged 1767 bps in 2022 and jumped 2433 bps in 2023, its largest moves.
- Year by year, FCF Margin stood at 1.87% in 2022, then surged by 1300 bps to 26.2% in 2023, then retreated by 9 bps to 23.91% in 2024, then climbed by 22 bps to 29.11% in 2025, then grew by 24 bps to 36.08% in 2026.
- Per Business Quant, the three latest OKTA FCF Margin figures stand at 36.08% (Q2 2026), 33.25% (Q1 2026), and 29.11% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 55.19% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 23.47% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | -9.76% |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 54.62% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 14.80% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 48.17% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 55.21% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 25.75% |
| 10 | Okta | 24.01 Bn | 21.42 Bn | 595.00 Mn | 36.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 36.08% |
| Jan 31, 2026 | 33.25% |
| Oct 31, 2025 | 29.11% |
| Jul 31, 2025 | 22.39% |
| Apr 30, 2025 | 34.88% |
| Jan 31, 2025 | 41.20% |
| Oct 31, 2024 | 23.91% |
| Jul 31, 2024 | 12.85% |
| Apr 30, 2024 | 34.85% |
| Jan 31, 2024 | 27.93% |
| Oct 31, 2023 | 26.20% |
| Jul 31, 2023 | 8.27% |
| Apr 30, 2023 | 24.90% |
| Jan 31, 2023 | 14.12% |
| Oct 31, 2022 | 1.87% |
| Jul 31, 2022 | -4.65% |
| Apr 30, 2022 | 3.37% |
| Jan 31, 2022 | 1.62% |
| Oct 31, 2021 | 9.04% |
| Jul 31, 2021 | 0.09% |