Okta Inc (OKTA)
Gross profit margin
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,056,000 | 1,992,000 | 1,928,000 | 1,859,000 | 1,775,000 | 1,682,000 | 1,592,720 | 1,497,109 | 1,404,222 | 1,312,000 | 1,204,793 | 1,102,410 | 1,002,691 | 903,796 | 813,883 | 733,348 | 668,253 | 617,743 | 566,787 | 518,529 |
| Revenue (ttm) | US$ in thousands | 2,681,000 | 2,610,000 | 2,533,000 | 2,452,000 | 2,362,000 | 2,263,000 | 2,168,208 | 2,065,250 | 1,961,057 | 1,858,000 | 1,730,807 | 1,600,445 | 1,464,138 | 1,300,201 | 1,151,926 | 1,018,625 | 903,571 | 835,424 | 768,011 | 703,669 |
| Gross profit margin | 76.69% | 76.32% | 76.12% | 75.82% | 75.15% | 74.33% | 73.46% | 72.49% | 71.61% | 70.61% | 69.61% | 68.88% | 68.48% | 69.51% | 70.65% | 71.99% | 73.96% | 73.94% | 73.80% | 73.69% |
April 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,056,000K ÷ $2,681,000K
= 76.69%
The gross profit margin of Okta Inc. has demonstrated a general upward trend over the period from July 2020 to April 2025. Initially, at 73.69% in July 2020, the margin experienced minor fluctuations but remained relatively stable through October 2021, hovering around the low 70s (70.65% in October 2021 and 69.51% in January 2022). Starting in 2022, the margin showed a gradual decline, reaching a low of approximately 68.48% in April 2022. Subsequently, a recovery trend emerged, with the margin increasing steadily through the remainder of 2022 and into 2023, surpassing 70% again by January 2023 (70.61%) and continuing upward to 73.46% by October 2023.
From late 2023 onward, the gross profit margin continued its consistent improvement, reaching 74.33% in January 2024 and ascending to 76.69% by April 2025. This sustained increase indicates an ongoing enhancement in the company's ability to efficiently generate gross profit relative to its revenues over the observed period.
Overall, the data reflects a period of stabilization, temporary decline, and subsequent recovery and expansion in gross profit margin, highlighting improving underlying profitability and operational efficiency in recent years.
Peer comparison
Apr 30, 2025