Okta (OKTA) FCF Margin (2016 - 2026)
Okta (OKTA) recorded quarterly FCF Margin of 35.56% in Q2 2026, up 6.95% quarter-over-quarter from 33.25% in Q1 2026, and up 82.0% on a YoY basis from 19.54% in Q2 2025.
Okta (OKTA) FCF Margin (2016 - 2026) Analysis & Trends
Okta's FCF Margin history runs 11 years deep, the most recent figure standing at 35.56% for Q2 2026.
- In Q2 2026, FCF Margin rose 82.0% year-over-year to 35.56%; the TTM figure through Apr 2026 stood at 30.21% (up 175.0% YoY), while the FY2026 annual figure was 29.87%, up 144.0% from the prior year.
- FCF Margin was 35.56% for Q2 2026 at Okta, up from 33.25% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 42.38% in Q1 2025 to a low of 5.09% in Q3 2022.
- Historically, FCF Margin has averaged 20.67% across 5 years, with a median of 24.11% in 2023.
- The sharpest annual moves came in 2022 and 2023: FCF Margin tumbled 1848 bps in 2022, then soared 2518 bps in 2023.
- A 5-year view of FCF Margin shows it stood at 1.87% in 2022, then surged by 1346 bps to 27.05% in 2023, then slipped by 14 bps to 23.31% in 2024, then increased by 25 bps to 29.11% in 2025, then advanced by 22 bps to 35.56% in 2026.
- The last three FCF Margin figures came in at 35.56% (Q2 2026), 33.25% (Q1 2026), and 29.11% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.07% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 55.23% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 54.62% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 30.29% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 55.21% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 34.10% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 14.55% |
| 10 | Okta | 21.13 Bn | 18.54 Bn | 595.00 Mn | 35.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 35.56% |
| Jan 31, 2026 | 33.25% |
| Oct 31, 2025 | 29.11% |
| Jul 31, 2025 | 22.53% |
| Apr 30, 2025 | 34.74% |
| Jan 31, 2025 | 42.38% |
| Oct 31, 2024 | 23.31% |
| Jul 31, 2024 | 12.38% |
| Apr 30, 2024 | 35.33% |
| Jan 31, 2024 | 27.11% |
| Oct 31, 2023 | 27.05% |
| Jul 31, 2023 | 8.27% |
| Apr 30, 2023 | 24.90% |
| Jan 31, 2023 | 14.71% |
| Oct 31, 2022 | 1.87% |
| Jul 31, 2022 | -5.09% |
| Apr 30, 2022 | 3.86% |
| Jan 31, 2022 | 0.72% |
| Oct 31, 2021 | 11.07% |
| Jul 31, 2021 | -2.10% |