Figma, Inc. Class A(FIG)
$19.45+0.53 (+2.80%)
FIG
Figma, Inc. Class A earnings date
$19.45
At close:+0.53 (+2.80%)
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Figma, Inc. Class A (FIG) Q3 2026 Earnings Report
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FIG Q3 2026 EPS Results
- Actual EPS
- $0.10
- Consensus EPS
- $0.05
- Beat/Miss
- Beat by +$0.05
- One Year Ago EPS
- $0.10
FIG Q3 2026 Revenue Results
- Actual Revenue
- $391.42M
- Expected Revenue
- $376.53M
- Beat/Miss
- Beat by +$14.88M
- YoY Revenue Growth
- +42.76%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
FIG Upcoming Earnings
Figma, Inc. Class A's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
FIG Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, with Q3 revenue materially exceeding guidance, retention and expansion remaining robust, AI and MCP adoption accelerating, large customers increasing AI commitments and full-year revenue and operating income guidance being raised. The main challenges were Q4 growth moderation, a 3-point sequential gross-margin decline from covering agent inference costs, delayed monetization from pricing and packaging changes, and the need to convert AI usage into longer-term margin and revenue leverage.
Company Guidance
For the fourth quarter, Figma expects revenue of $402 million to $404 million or 33% growth at the midpoint; for the full year, it is raising its outlook to $1.497 billion to $1.499 billion, implying 42% growth, a raise of $33 million at the midpoint. Figma is also raising its full year non-GAAP operating income outlook to $158 million to $163 million, an 11% operating margin and a raise of $31 million at the midpoint. The outlook reflects the pricing and packaging changes made late in August and early signals into agent usage and adoption, and Figma is not commenting on its '27 guide.
- Strong Q3 Revenue PerformanceQ3 revenue was $391 million, up 43% year-over-year and $16 million above the high end of prior guidance.
- Robust Retention and ExpansionQ3 net dollar retention was 131%, marking the fifth consecutive quarter above 130%, driven by upgrades, strong seat expansion and AI monetization. Gross retention remained in the mid- to high 90s, and approximately 2/3 of paid customers with more than $10,000 in ARR added full seats compared with their prior renewal.
- Customer and Enterprise ARR GrowthFigma added more than 600 paid customers with more than $10,000 in ARR and more than 80 paid customers with more than $100,000 in ARR during Q3. Customers with more than $10,000 in ARR increased from 64% of ARR at the end of Q1 2025 to nearly 70% at the end of Q3 2026.
- Raised Full-Year Revenue and Operating Income OutlookFull-year revenue guidance was raised to $1.497 billion to $1.499 billion, implying 42% growth and a $33 million increase at the midpoint. Full-year non-GAAP operating income guidance was raised to $158 million to $163 million, representing an 11% operating margin and a $31 million increase at the midpoint.
- Positive Q3 Profitability and Cash GenerationNon-GAAP gross profit was $321 million, up 36% year-over-year, with an 82% gross margin. Q3 operating income was $47 million, representing a 12% operating margin, while free cash flow was $42 million, representing an 11% margin. Figma ended the quarter with $1.7 billion in cash, cash equivalents and marketable securities.
- Rapid MCP Server AdoptionThe Figma MCP server was the company's fastest-growing product by weekly active users in Q3 and had approximately 1 million weekly active users. Total MCP usage grew 3x quarter-over-quarter, writeback usage grew 4x, and approximately half of new Pro teams used the MCP server. MCP drove 5% of credit consumption on Figma.
- MCP Supporting Conversion, Retention and ExpansionCustomers using Figma MCP grew full seats faster than customers that did not use it. Management said MCP is driving more seat upgrades, expansion and retention, and that approximately half of new Pro teams were using MCP as they converted.
- Strong AI Credit and Agent AdoptionWeekly active users consuming credits among paid customers with more than $10,000 in ARR increased by almost 50% from the start of Q3 through the end of October. Excluding beta usage, weekly AI credit consumption increased 2.5x through the Figma agent's general availability transition to October 31.
- High Enterprise Engagement With the Figma AgentAs of October 31, 65% of paid customers with more than $10,000 in ARR were using the Figma agent weekly, and more than 80% were consuming AI credits. More than 80% of Org and Enterprise users consuming agent beta credits before general availability continued using credits afterward, while over 95% remained active on the platform.
- Increased AI Add-On UtilizationAmong customers that purchased AI add-ons, utilization increased by an average of nearly 40% between the August credit repricing and the end of October. Drawdown purchasing represented 80% of eligible add-on purchases from the pricing update through the end of October.
- Large Customer AI Commitments ExpandedA technology infrastructure company increased its AI credit spend commitment to over 7x its initial purchase over six months. A global payments company increased its commitment by nearly 8x over five months, and a global pharmaceutical company increased its commitment by over 6x over six months.
- Code Layers Demonstrating Customer Productivity GainsCode Layers launched to all users during the week of the call after entering open beta. Merkle reported 30% faster iteration and feature development, while a Cox Automotive product manager went through 19 CRM versions with about an hour of hands-on keyboard time and described the workflow as at least 10x more efficient, or about 90% time saved.
- Figma Agent Customer Use CasesAt Uber, the Figma agent enabled one designer to publish design-system documentation across seven platforms in an afternoon, compared with work that previously took multiple people months. At Granola, the agent turns meeting feedback into annotations on the Figma canvas. At Harvey, agents connected through MCP, Figma Motion and Figma Weave helped produce 36 films in 69 minutes.
- Improved First-Party Model PerformanceFrom the start of Q3 through October 31, Figma more than doubled the share of work powered by its own post-trained design model. In head-to-head testing with expert designers, the agent beat or matched the previous production agent 62% of the time; user ratings were 33% higher, and users undid the agent's work 60% less often.
- AI Cost and Operating Efficiency ImprovementsFigma reduced the average cost per message across agent messages, optimized internal AI spending and reported broader operating cost savings. Management said these efficiencies and improvements in the cost to serve AI products contributed to the increase in full-year operating income guidance.
- Expanded Platform and Ecosystem CapabilitiesFigma expanded its platform through Code Layers, multiplayer Specs for markdown-based context, the Figma agent, the MCP server and a first-party model. It added 20 MCP partners, including Notion, Xcode and Meta's Muse, and said the platform is being extended to designers, developers, product managers, researchers, marketers and other nontraditional personas.
- Positive Customer Demand CommentaryManagement said customer conversations continue to lean positive, customers continue to invest in Figma, and the company was not seeing as much budget pressure or sales-cycle elongation as some other companies referenced by analysts.
- Q4 Revenue GuidanceFigma expects fourth-quarter revenue of $402 million to $404 million, representing 33% growth at the midpoint.
FIG Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 24, 2027 | 2026 (Q4) | 0.06- | 0.08 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.050.10 | 0.1 | 0.00% (+0.00) | |
| Aug 05, 2026 | 2026 (Q2) | 0.040.08 | 0.09 | -5.88% (-0.01) | |
| May 14, 2026 | 2026 (Q1) | 0.060.10 | 0.18 | -44.44% (-0.08) | |
| Mar 18, 2026 | 2025 (Q4) | 0.070.08 | 0.2 | -60.20% (-0.12) | |
| Nov 05, 2025 | 2025 (Q3) | 0.050.10 | -0.03 | 412.50% (+0.13) | |
| Sep 03, 2025 | 2025 (Q2) | 0.080.09 | -1.7 | 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
