Okta Surpasses 20,000 Customers with 16% Increase in $1M+ ACV Clients
Okta ended fiscal 2026 with over 20,000 total customers and saw customers with more than $1 million annual contract value rise 16% year over year to 545. Its clients with over $100,000 ACV grew 6%, reflecting increased traction for its Workforce and Customer Identity Cloud solutions.
1. Customer Growth Metrics
Okta closed fiscal 2026 with more than 20,000 customers, marking a significant milestone for its identity security platform. High-value accounts grew notably, with clients spending over $1 million annually increasing by 16% to 545 and those spending over $100,000 rising by 6%.
2. Platform Adoption Trends
The Workforce Identity Cloud and Customer Identity Cloud platforms are gaining momentum as enterprises accelerate digital transformation and cloud migration. Key features like adaptive multi-factor authentication, bot detection, fraud prevention and access governance are driving deeper integration and higher contract values.