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Okta (OKTA) Reports Q2 Earnings: What Key Metrics Have to Say

Okta (OKTA) reported $805 million in revenue for the quarter ended July 2026, representing a year-over-year increase of 10.6%. EPS of $1.05 for the same period compares to $0.91 a year ago.

The reported revenue represents a surprise of +1.62% over the Zacks Consensus Estimate of $792.14 million. With the consensus EPS estimate being $0.96, the EPS surprise was +9.38%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Okta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Current remaining performance obligations (cRPO): $2.59 billion versus the six-analyst average estimate of $2.51 billion.
Remaining performance obligations: $4.86 billion compared to the $4.73 billion average estimate based on five analysts.
Revenue- Subscription: $793 million versus $781.51 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change.
Revenue- Professional services and other: $12 million versus the 10-analyst average estimate of $10.59 million. The reported number represents a year-over-year change of -29.4%.

View all Key Company Metrics for Okta here>>>

Shares of Okta have returned -4.1% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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Okta, Inc. (OKTA): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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