Business
Commvault Announces Third Quarter Fiscal 2026 Financial Results
Total Revenue climbs +19% year over year to a record $314 millionAnnualized recurring revenue (ARR)1 reaches $1,085 million, up +22% year over yearSets high
About this update from Commvault Systems, Inc.
[{"type":"text","content":"Total Revenue climbs +19% year over year to a record $314 millionAnnualized recurring revenue (ARR)1 reaches $1,085 million, up +22% year over yearSets high for new customers added in fiscal 2026TINTON FALLS, N.J., Jan. 27, 2026 /PRNewswire/ -- Commvault (Nasdaq: CVLT) today announced its financial results for the fiscal third quarter ended December 31, 2025.\n \n \n \n \n \n \n \n\"Commvault delivered another quarter of healthy growth and profitability driven by record customer engagement and adoption,\" said Sanjay Mirchandani, President and CEO, Commvault. \"Customers and partners are turning to Commvault because they require an AI-enabled platform that addresses rapidly evolving identity and emerging threats, supports compliance, and brings resilience to hybrid and multi-cloud environments.\"Notes are contained at the end of this press release Third Quarter Fiscal 2026 Highlights -Total revenues were $314 million, up 19% year over yearTotal ARR1 grew to $1,085 million, up 22% year over year, or 17% on a constant currency basis using March 31, 2025 spot ratesSubscription revenue was $206 million, up 30% year over year, inclusive of term-based license revenue of $119 million, up 22% year over year, and SaaS revenue of $87 million, up 44% year over yearSubscription ARR1 grew to $941 million, up 28% year over year, or 24% on a constant currency basis using March 31, 2025 spot ratesIncome from operations (EBIT) was $20 million, an operating margin of 6.3%Non-GAAP EBIT2 was $61 million, an operating margin of 19.6%Operating cash flow was $4 million, with free cash flow2 of $2 million, impacted by the timing of certain working capital itemsRecent Business Highlights -Commvault released the Commvault Cloud Unity Platform, unifying data security, cyber recovery and identity resilience across cloud, hybrid and on-premise environments.Commvault and Delinea announced a new partnership that expands Commvault's unified data security, identity resilience, and cyber recovery offerings within the Commvault Cloud platform, enabling customers to manage credentials and limit privilege misuse.Commvault received a 2025 Geography and Global AWS Partner Award, being named the Global Storage Partner of the Year.Commvault announced a partnership with Pinecone, enabling customers to protect and recover vector database workloads that support enterprise...