Okta (OKTA) Gross Margin (2016 - 2026)
Okta (OKTA) posted quarterly Gross Margin of 77.78% for Q2 2026, up 31.0% year-over-year from 59.37% in Q2 2025, and little changed on a QoQ basis from 77.92% in Q1 2026.
Okta (OKTA) Gross Margin (2016 - 2026) Analysis & Trends
Okta (OKTA) has reported Gross Margin for 11 consecutive years, with 77.78% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 31.0% year-over-year to 77.78%; the TTM figure through Apr 2026 stood at 77.44% (up 75.0% YoY), while the FY2026 annual figure was 77.36%, up 103.0% from the prior year.
- Gross Margin came in at 77.78% for Q2 2026 at Okta, roughly flat from 77.92% in the prior quarter.
- The five-year high for Gross Margin was 77.92% in Q1 2026, with the low at 68.43% in Q2 2022.
- Average Gross Margin over 5 years is 74.46%, with a median of 76.01% recorded in 2024.
- Across the five-year window, Gross Margin plunged 522 bps in 2022 and soared 415 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 71.31% in 2022, then rose by 5 bps to 75.17% in 2023, then increased by 2 bps to 76.39% in 2024, then increased by 1 bps to 77.09% in 2025, then increased by 1 bps to 77.78% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 77.78%, 77.92%, and 77.09% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Okta | 24.74 Bn | 22.15 Bn | 595.00 Mn | 77.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 31, 2021 | 67.95% |