--- title: "Dynatrace | 10-K: FY2026 Revenue Beats Estimate at USD 2.018 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/287122733.md" datetime: "2026-05-20T21:24:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287122733.md) - [en](https://longbridge.com/en/news/287122733.md) - [zh-HK](https://longbridge.com/zh-HK/news/287122733.md) --- # Dynatrace | 10-K: FY2026 Revenue Beats Estimate at USD 2.018 B Revenue: As of FY2026, the actual value is USD 2.018 B, beating the estimate of USD 2.007 B. EPS: As of FY2026, the actual value is USD 0.54, missing the estimate of USD 0.6225. EBIT: As of FY2026, the actual value is USD 197.59 M. #### Revenue - **Total Revenue** - For the fiscal year ended March 31, 2026, total revenue was $2,018,387 thousand, representing a 19% increase year-over-year . - For the fiscal year ended March 31, 2025, total revenue was $1,698,683 thousand . - For the fiscal year ended March 31, 2024, total revenue was $1,430,530 thousand, representing a 23% increase year-over-year . - **Subscription Revenue** - For the fiscal year ended March 31, 2026, subscription revenue was $1,929,722 thousand, a 19% increase year-over-year . - For the fiscal year ended March 31, 2025, subscription revenue was $1,622,163 thousand . - For the fiscal year ended March 31, 2024, subscription revenue was $1,359,354 thousand . - **Service Revenue** - For the fiscal year ended March 31, 2026, service revenue was $88,665 thousand, a 16% increase year-over-year . - For the fiscal year ended March 31, 2025, service revenue was $76,520 thousand . - For the fiscal year ended March 31, 2024, service revenue was $71,176 thousand . #### Gross Profit and Gross Margin - **Total Gross Profit** - For the fiscal year ended March 31, 2026, total gross profit was $1,646,183 thousand, a 19% increase year-over-year . - For the fiscal year ended March 31, 2025, total gross profit was $1,378,491 thousand . - For the fiscal year ended March 31, 2024, total gross profit was $1,164,077 thousand . - **Total Gross Margin** - The total gross margin was 82% for the fiscal year ended March 31, 2026 . - The total gross margin was 81% for the fiscal year ended March 31, 2025 . - The total gross margin was 81% for the fiscal year ended March 31, 2024 . - **Subscription Gross Margin** - The subscription gross margin was 85% for the fiscal year ended March 31, 2026 . - The subscription gross margin was 86% for the fiscal year ended March 31, 2025 . - **Service Gross Margin** - The service gross margin was 5% for the fiscal year ended March 31, 2026 . - The service gross margin was 4% for the fiscal year ended March 31, 2025 . #### Operating Expenses - **Research and Development** - Research and development expenses totaled $474,312 thousand for the fiscal year ended March 31, 2026, a 23% increase year-over-year . - For the fiscal year ended March 31, 2025, these expenses were $384,572 thousand . - For the fiscal year ended March 31, 2024, these expenses were $304,739 thousand . - **Sales and Marketing** - Sales and marketing expenses were $690,489 thousand for the fiscal year ended March 31, 2026, a 14% increase year-over-year . - For the fiscal year ended March 31, 2025, these expenses were $605,599 thousand . - For the fiscal year ended March 31, 2024, these expenses were $534,233 thousand . - **General and Administrative** - General and administrative expenses amounted to $217,414 thousand for the fiscal year ended March 31, 2026, an 11% increase year-over-year . - For the fiscal year ended March 31, 2025, these expenses were $195,347 thousand . - For the fiscal year ended March 31, 2024, these expenses were $174,412 thousand . - **Amortization of Acquired Technology** - Amortization of acquired technology was $3,488 thousand for the fiscal year ended March 31, 2026, a -74% decrease year-over-year . - For the fiscal year ended March 31, 2025, this amortization was $13,262 thousand . - For the fiscal year ended March 31, 2024, this amortization was $16,265 thousand . - **Amortization of Other Intangibles** - Amortization of other intangibles was $56 thousand for the fiscal year ended March 31, 2026, a -100% decrease year-over-year . - For the fiscal year ended March 31, 2025, this amortization was $13,540 thousand . - For the fiscal year ended March 31, 2024, this amortization was $22,293 thousand . - **Impairment of Long-Lived Assets** - Impairment of long-lived assets was $18,525 thousand for the fiscal year ended March 31, 2026 . - No impairment was recorded for the fiscal years ended March 31, 2025, or March 31, 2024 . #### Income from Operations - **GAAP Income from Operations** - GAAP income from operations was $245,387 thousand for the fiscal year ended March 31, 2026 . - GAAP income from operations was $179,433 thousand for the fiscal year ended March 31, 2025 . - GAAP income from operations was $128,400 thousand for the fiscal year ended March 31, 2024 . - **Non-GAAP Income from Operations** - Non-GAAP income from operations was $591,929 thousand for the fiscal year ended March 31, 2026 . - Non-GAAP income from operations was $493,540 thousand for the fiscal year ended March 31, 2025 . - Non-GAAP income from operations was $398,239 thousand for the fiscal year ended March 31, 2024 . #### Cash Flow - **Net Cash Provided by Operating Activities** - Net cash provided by operating activities was $561,850 thousand for the fiscal year ended March 31, 2026 . - Net cash provided by operating activities was $459,419 thousand for the fiscal year ended March 31, 2025 . - Net cash provided by operating activities was $378,109 thousand for the fiscal year ended March 31, 2024 . - **Free Cash Flow** - Free cash flow was $529,483 thousand for the fiscal year ended March 31, 2026 . - Free cash flow was $430,617 thousand for the fiscal year ended March 31, 2025 . - Free cash flow was $346,382 thousand for the fiscal year ended March 31, 2024 . #### Unique Metrics - **Annual Recurring Revenue (ARR)** - As of March 31, 2026, Annual Recurring Revenue (ARR) was $2,053,555 thousand, an 18% year-over-year increase . - As of March 31, 2025, ARR was $1,734,164 thousand, a 15% year-over-year increase . - As of March 31, 2024, ARR was $1,503,819 thousand, a 21% year-over-year increase . - **Dollar-based Net Retention Rate** - The dollar-based net retention rate was 110% as of March 31, 2026 . - The dollar-based net retention rate was 110% as of March 31, 2025 . - The dollar-based net retention rate was 111% as of March 31, 2024 . #### Outlook / Guidance Dynatrace, Inc. plans to continue investing in research and development to advance its AI-powered observability platform, focusing on agentic AI and log management offerings . The company aims to grow its customer base and strengthen existing relationships through its go-to-market strategy, partner enablement, and international expansion . 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