Figma, Inc. Class A (FIG) Q2 2026 Earnings Report

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Previous Report: Q1 2026

FIG Q2 2026 EPS Results

Actual EPS$0.08

Consensus EPS$0.04

Beat/MissBeat by +$0.04

One Year Ago EPS$0.09

FIG Q2 2026 Revenue Results

Actual Revenue$370.08M

Expected Revenue$351.56M

Beat/MissBeat by +$18.53M

YoY Revenue Growth+48.25%

Earnings Announcement Details

QuarterQ2 2026

Date08/05/2026

TimeAfter Close

Conference CallWednesday, August 5, 2026

FIG Upcoming Earnings

Figma, Inc. Class A's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

FIG Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Aug 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented strong top-line and gross profit growth driven by the first full quarter of AI credit monetization, high net dollar retention (136%), expanding product adoption (agent, MCP, plugins) and healthy cash reserves. Management reiterated a cautious, conservative guidance posture for Q3 and highlighted near-term margin variability driven by increased inference costs, Config-related investments and the fact that many new AI surfaces remain in beta and are not yet monetized. While these factors create short-term volatility and conservative near-term guidance, the underlying metrics (revenue growth, gross profit acceleration, retention, and enterprise/international expansion) and a clear plan to optimize inference costs support a constructive long-term outlook.

Company Guidance

Figma guided Q3 revenue of $373–375M (≈36% YoY at the midpoint) and raised full‑year revenue to $1.463–1.467B (≈39% YoY at the midpoint, a $40M raise) while maintaining full‑year non‑GAAP operating income of $125–135M (≈9% operating margin at the midpoint). The raise reflects strength in AI credit consumption and early signals from new launches, but management reiterated its conservative guidance philosophy — products in beta/early access (Figma agent, Figma Make/local code, Motion, Code Layers) that do not yet consume paid credits are excluded until monetization is observed. Q2 actuals were strong: revenue $370M (+48% YoY), non‑GAAP gross profit $314M (+40% YoY) with gross margin 85% (+2.5ppt QoQ), non‑GAAP operating margin 10%, free cash flow $53M (14% margin), cash and marketable securities $1.7B, and net dollar retention 136%. Customer and usage metrics cited as drivers include paid customers >$10k ARR +34% YoY (>$100k ARR +46% YoY), ~80% of paid >$10k ARR consuming AI credits weekly, >50% of those customers using the Figma agent weekly (as of July 31), >20% of weekly credit‑consuming paid users consuming exclusively via agent, MCP write‑to‑Figma usage +75% QoQ, and ~2/3 of >$10k customers added full seats at renewal.

Strong Revenue Growth

Q2 revenue of $370 million, up 48% year-over-year and marked as the third consecutive quarter of accelerated year-over-year revenue growth.

AI Monetization Ramp

Q2 was Figma's first full quarter of AI credit monetization with over 80% of paid customers (> $10k ARR) consuming AI credits weekly; the company raised full-year revenue guidance by $40 million to $1.463B–$1.467B (implying ~39% growth at midpoint).

Gross Profit and Margin Expansion

Non-GAAP gross profit grew 40% year-over-year to $314 million, with gross margin at 85% and gross profit dollar growth accelerating ~9 percentage points quarter-over-quarter; gross margin improved by ~2.5 percentage points quarter-over-quarter.

High Net Dollar Retention and Customer Expansion

Net dollar retention was 136% for paid customers > $10k ARR; paid customers > $10k ARR grew 34% YoY and paid customers > $100k ARR grew 46% YoY; ~2/3 of large paid customers added full seats at renewal.

Product Momentum and Adoption

Multiple new AI-driven products and capabilities showed strong early traction: Figma agent (open beta) used weekly by over 50% of paid customers > $10k ARR as of July 31; weekly plugin creation more than doubled post-generative plugin launch; MCP write-to-Figma usage grew 75% quarter-over-quarter.

Operating Results and Cash Position

Non-GAAP operating income of $36 million (10% operating margin) and Q2 free cash flow of $53 million (14% margin); ended Q2 with $1.7 billion in cash, cash equivalents and marketable securities.

International and Enterprise Wins

International revenue grew 50% year-over-year; notable enterprise expansions included a large tech company purchasing AI credit add-ons for 25,000+ paid seats and customers increasing AI credit commitments (5x in one case) and consumption (2.5x in cited examples).

Focused R&D and Cost Optimization Roadmap

Company pursuing model-agnostic inference routing and first-party models to improve latency, quality and cost; expects these efforts to reduce inference costs and improve unit economics over time.

FIG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 11, 2026	2026 (Q3)	0.05 / -	0.1	―
Aug 05, 2026	2026 (Q2)	0.04 / 0.08	0.085	-5.88% (>-0.01)
May 14, 2026	2026 (Q1)	0.06 / 0.10	0.18	-44.44% (-0.08)
Mar 18, 2026	2025 (Q4)	0.07 / 0.08	0.201	-60.20% (-0.12)
Nov 05, 2025	2025 (Q3)	0.05 / 0.10	-0.032	412.50% (+0.13)
Sep 03, 2025	2025 (Q2)	0.08 / 0.09	-1.698	105.01% (+1.78)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed