Okta (OKTA) FCF Margin (2016 - 2026)
Okta's FCF Margin was 28.94% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 6.28 percentage points from 22.66% a year earlier but down 7.13 percentage points from the prior quarter.
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Analysis
Okta (OKTA) FCF Margin (2016 - 2026) Analysis & Trends
On a trailing twelve-month basis, Okta's FCF Margin was 31.86% through Jul 31, 2026, up 1.17 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 29.98%, up 1.55 percentage points from FY2025.
- FCF Margin has now increased for three consecutive fiscal years, with a five-year change of +16.20 percentage points (FY2021 to FY2026).
- In earlier fiscal years, FCF Margin was 28.43% in FY2025 (+6.16 pp), 22.27% in FY2024 (+18.29 pp), 3.98% in FY2023 (-3.02 pp) and 7.00% in FY2022 (-6.77 pp).
- Quarterly FCF Margin has moved between -4.65% (fiscal Q2 2023) and 41.79% (fiscal Q4 2025) over five years.
- Compared with a year earlier, FCF Margin was higher in five of the last eight quarters, with an average year-over-year change of +3.15 percentage points.
- The best year-over-year quarter for FCF Margin over five years was fiscal Q3 2024 (a gain of 24.54 percentage points); the worst was fiscal Q1 2023 (a drop of 17.67 percentage points).
- Per Business Quant data, OKTA's FCF Margin in the three fiscal quarters before Q2 2027 was 36.08% (Q1 2027), 33.64% (Q4 2026) and 28.84% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.01 Bn | 241.08 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 231.46 Bn | 211.86 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 123.83 Bn | 109.76 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 107.27 Bn | 94.59 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 88.05 Bn | 69.69 Bn | 881.34 Mn | 27.28% |
| 6 | Zscaler | 33.23 Bn | 19.35 Bn | - | - |
| 7 | Okta | 32.56 Bn | 22.66 Bn | 641.00 Mn | 28.94% |
| 8 | Axon Enterprise | 31.41 Bn | 25.93 Bn | 546.45 Mn | -0.11% |
| 9 | MongoDB | 27.26 Bn | 17.73 Bn | 569.77 Mn | 18.06% |
| 10 | F5 | 25.06 Bn | 19.47 Bn | 711.51 Mn | 32.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 28.94% |
| Apr 30, 2026 | 36.08% |
| Jan 31, 2026 | 33.64% |
| Oct 31, 2025 | 28.84% |
| Jul 31, 2025 | 22.66% |
| Apr 30, 2025 | 34.88% |
| Jan 31, 2025 | 41.79% |
| Oct 31, 2024 | 23.76% |
| Jul 31, 2024 | 12.54% |
| Apr 30, 2024 | 35.33% |
| Jan 31, 2024 | 28.26% |
| Oct 31, 2023 | 26.20% |
| Jul 31, 2023 | 9.17% |
| Apr 30, 2023 | 24.90% |
| Jan 31, 2023 | 14.31% |
| Oct 31, 2022 | 1.66% |
| Jul 31, 2022 | -4.65% |
| Apr 30, 2022 | 3.37% |
| Jan 31, 2022 | 1.62% |
| Oct 31, 2021 | 10.08% |
API Access
Okta FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=OKTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "OKTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=OKTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();