Okta (OKTA) Gross Margin (2016 - 2026)
Okta (OKTA) posted Gross Margin of 79.63% for Q3 2026, up 2.38% on a QoQ basis from 77.78% in Q2 2026, and up 270.0% year-over-year from 21.52% in Q3 2025.
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Okta (OKTA) Gross Margin (2016 - 2026) Analysis & Trends
Okta has reported Gross Margin for 11 years, with the latest figure at 79.63% in Q3 2026.
- On a quarterly basis, Gross Margin rose 270.0% year-over-year to 79.63% in Q3 2026; TTM through Jul 2026 was 78.13%, a 122.0% increase from a year earlier, with the FY2026 full-year figure at 77.36%, up 103.0% from the prior year.
- Gross Margin was 79.63% for Q3 2026 at Okta, up from 77.78% in the prior quarter.
- The five-year high for Gross Margin was 79.63% in Q3 2026, with the low at 68.43% in Q2 2022.
- Average Gross Margin over 5 years is 74.73%, with a median of 76.01% recorded in 2024.
- The sharpest annual moves came in 2022 and 2023: Gross Margin slumped 522 bps in 2022, then jumped 415 bps in 2023.
- Over 5 years, Gross Margin stood at 71.31% in 2022, then grew by 5 bps to 75.17% in 2023, then climbed by 2 bps to 76.39% in 2024, then climbed by 1 bps to 77.09% in 2025, then increased by 3 bps to 79.63% in 2026.
- The last three Gross Margin figures came in at 79.63% (Q3 2026), 77.78% (Q2 2026), and 77.92% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 29.17 Bn | 26.87 Bn | 641.00 Mn | 79.63% |
| 2 | SailPoint | 10.04 Bn | 9.65 Bn | 181.11 Mn | 64.65% |
| 3 | Clear Secure | 4.39 Bn | 3.43 Bn | 276.82 Mn | 99.66% |
| 4 | First Advantage | 3.53 Bn | 3.29 Bn | 203.99 Mn | 45.46% |
| 5 | Cyberloq Technologies | 3.43 Bn | 3.43 Bn | - | - |
| 6 | Red Violet | 1.06 Bn | 1.01 Bn | 22.90 Mn | 85.71% |
| 7 | Mitek Systems | 806.83 Mn | 707.11 Mn | 45.92 Mn | 84.98% |
| 8 | OneSpan | 599.87 Mn | 556.54 Mn | 44.48 Mn | 73.57% |
| 9 | Intellicheck | 55.45 Mn | 43.62 Mn | 5.42 Mn | 91.30% |
| 10 | Aware | 27.39 Mn | 24.49 Mn | 2.73 Mn | 84.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 79.63% |
| Apr 30, 2026 | 77.78% |
| Jan 31, 2026 | 77.92% |
| Oct 31, 2025 | 77.09% |
| Jul 31, 2025 | 76.92% |
| Apr 30, 2025 | 77.47% |
| Jan 31, 2025 | 76.83% |
| Oct 31, 2024 | 76.39% |
| Jul 31, 2024 | 76.01% |
| Apr 30, 2024 | 76.01% |
| Jan 31, 2024 | 76.03% |
| Oct 31, 2023 | 75.17% |
| Jul 31, 2023 | 73.20% |
| Apr 30, 2023 | 72.59% |
| Jan 31, 2023 | 72.75% |
| Oct 31, 2022 | 71.31% |
| Jul 31, 2022 | 69.47% |
| Apr 30, 2022 | 68.43% |
| Jan 31, 2022 | 68.89% |
| Oct 31, 2021 | 68.73% |