Datadog (DDOG) Q1 FY2026 earnings: revenue $1.0 billion, up 32.2% on the year

Datadog, Inc. (DDOG) reported revenue of $1.0 billion for Q1 FY2026, the quarter ended 31 March 2026, up 32.2% on the same quarter a year earlier. Net income was $53 million, up 113.4% on the year, and diluted earnings per share $0.15. The figures are the company's own, from the 10-Q it filed with the SEC on 7 May 2026.

Revenue

$1.0 billion

+32.2% on the year · +5.6% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

0.7%

-1.6% a year earlier

Q2 FY2024Q1 FY2026

Net income

$53 million

+113.4% on the year · +12.9% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.15

+114.3% on the year · +15.4% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 3 new.

Revenue grew 32% year over year: Revenue was $1,006.4 million, up 32% from $761.6 million in the first quarter of 2025.
Revenue above February guidance range: February guidance for this quarter was $951 million to $961 million. Reported revenue was about $45 million above the top of that range.
Non-GAAP operating income reached $223 million: Non-GAAP operating income was $223.5 million, a 22% margin, against $166.5 million and a 22% margin a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	1,006	953	762	+5.6%	+32.2%
Cost of revenue	209	187	158	+12.0%	+32.7%
Gross profit	797	766	604	+4.0%	+32.0%
Gross margin	79.2%	80.4%	79.3%
Research and development	435	418	341	+4.2%	+27.6%
Operating income	7.3	9.4	-12.4	-21.7%
Operating margin	0.7%	1.0%	-1.6%
Interest expense	3.1	2.6	3.0	+20.0%	+5.3%
Pre-tax income	58.9	53.5	31.8	+10.2%	+85.3%
Income tax	6.4	6.9	7.2	-7.9%	-11.2%
Effective tax rate	10.8%	12.9%	22.5%
Net income	52.6	46.6	24.6	+12.9%	+113.4%
Net margin	5.2%	4.9%	3.2%
Diluted EPS	$0.15	$0.13	$0.07	+15.4%	+114.3%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	335	327	272	+2.3%	+23.2%
Capital expenditure	11.4	8.9	8.7	+27.7%	+29.8%
Free cash flow	323	318	263	+1.6%	+23.0%
Free cash flow margin	32.1%	33.4%	34.5%
Cash from investing	-315	-498	-443
Cash from financing	9.7	30.0	1.7	-67.7%	+487.5%
Depreciation and amortisation	16.3	14.7	10.1	+10.9%	+61.4%
Share-based compensation	197	205	164	-4.2%	+19.8%
Diluted shares, weighted	365m	366m	363m	-0.2%	+0.5%
Shares outstanding at period end	356m	353m	345m	+1.0%	+3.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	3,988	3,732	2,917	+6.9%	+36.7%
Debt	984	983	1,615	+0.1%	-39.0%
Operating lease liabilities	259	256	228	+1.2%	+13.7%
Other liabilities	1,720	1,672	1,251	+2.9%	+37.5%
Total liabilities and equity	6,952	6,644	6,010	+4.6%	+15.7%
Fixed assets	379	338	250	+12.1%	+51.6%
Goodwill	541	531	362	+1.9%	+49.4%
Intangible assets	14.9	15.0	2.6	-0.3%	+468.5%
Investments	4,332	4,074	3,370	+6.4%	+28.6%
Cash and equivalents	426	401	1,080	+6.2%	-60.5%
Receivables	680	741	490	-8.2%	+38.8%
Other assets	579	544	456	+6.3%	+26.8%
Total assets	6,952	6,644	6,010	+4.6%	+15.7%

Questions

What was Datadog's revenue in Q1 FY2026?

Datadog (DDOG) reported revenue of $1.0 billion for Q1 FY2026, the quarter ended 31 March 2026, up 32.2% on the same quarter a year earlier.

How much did Datadog earn in Q1 FY2026?

Net income for Q1 FY2026 was $53 million, up 113.4% on the year, and diluted earnings per share $0.15.

When did Datadog report Q1 FY2026 results?

Datadog filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 7 May 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	326	363	406	437	469	482	509	548	590	611	645	690	738	762	827	886	953	1,006	1,121	1,197
Cost of revenue	67.1	74.5	81.9	93.6	96.8	99.9	102	103	105	110	123	138	144	158	166	176	187	209	240	237
Gross profit	259	289	324	343	373	382	408	444	485	501	522	552	594	604	661	709	766	797	881	960
Gross margin	79%	79%	80%	79%	79%	79%	80%	81%	82%	82%	81%	80%	80%	79%	80%	80%	80%	79%	79%	80%
R&D	133	151	178	205	219	229	239	240	253	270	275	292	316	341	387	402	418	435	478	492
Operating income	8.5	10.4	-3.1	-31.3	-34.6	-35.0	-22.0	-4.2	27.7	12.0	12.6	20.3	9.4	-12.4	-35.5	-5.8	9.4	7.3	5.5	74.7
Operating margin	3%	3%	-1%	-7%	-7%	-7%	-4%	-1%	5%	2%	2%	3%	1%	-2%	-4%	-1%	1%	1%	0%	6%
Interest expense	5.6	5.2	4.5	3.7	3.0	2.2	1.5	1.3	1.3	1.4	1.5	1.6	2.6	3.0	3.1	2.4	2.6	3.1	3.3	3.2
Pre-tax income	8.5	10.9	-0.0	-23.1	-25.9	-20.4	-0.9	24.3	57.3	46.2	47.8	56.1	53.8	31.8	6.1	35.7	53.5	58.9	51.7	125
Tax rate	16%	10%	n/a	n/a	n/a	n/a	n/a	7%	6%	8%	8%	8%	15%	22%	57%	5%	13%	11%	14%	5%
Net income	7.2	9.7	-4.9	-26.0	-29.0	-24.1	-4.0	22.6	54.0	42.6	43.8	51.7	45.6	24.6	2.6	33.9	46.6	52.6	44.6	118
Net margin	2%	3%	-1%	-6%	-6%	-5%	-1%	4%	9%	7%	7%	7%	6%	3%	0%	4%	5%	5%	4%	10%
Diluted EPS	$0.02	$0.03	-$0.02	-$0.08	-$0.09	-$0.08	-$0.01	$0.06	$0.15	$0.12	$0.12	$0.14	$0.13	$0.07	$0.01	$0.10	$0.13	$0.15	$0.12	$0.32
Operating cash flow	116	147	73.0	83.6	114	134	153	153	220	212	164	229	265	272	200	251	327	335	316	290
Capital expenditure	2.4	9.5	6.0	9.7	10.1	8.7	2.3	6.1	10.4	14.2	4.4	8.4	7.8	8.7	15.2	16.8	8.9	11.4	9.9	10.9
Free cash flow	113	138	67.0	73.9	104	125	151	147	210	198	160	220	257	263	185	235	318	323	306	279
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	343m	345m	349m	351m	353m	356m	359m	361m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 7 May 2026: the filing.