Business
Navan Announces Third Quarter Fiscal Year 2026 Results
Third quarter revenue grew 29% year-over-year to $195 million Amy Butte will depart as Chief Financial Officer, effective January 9, 2026 PALO ALTO,
About this update from Navan, Inc.
[{"type":"text","content":"\nThird quarter revenue grew 29% year-over-year to $195 million\n\nAmy Butte will depart as Chief Financial Officer, effective January 9, 2026\n\n PALO ALTO, Calif.--(BUSINESS WIRE)--\nNavan, Inc. (NASDAQ: NAVN), the leading all-in-one business travel, payments, and expense management platform, today reported financial results for its third quarter ended October 31, 2025.\n\nManagement Commentary:\n\n“Q3 was a strong debut quarter as a public company for Navan. All parts of the business performed well, highlighted by continued momentum in the enterprise market and new highs in customer satisfaction, with CSAT at 97% and NPS at 45,” said Navan co-founder and CEO, Ariel Cohen. “Our end-to-end AI-first platform is clearly resonating with customers in the massive business travel and expense market. With access to an extremely wide range of travel inventory, a leading consumer-grade user interface, and AI-powered booking and customer support, everyone in the travel ecosystem benefits – users, customers, and suppliers. I’m pleased with our team’s execution across product, customer success, and go-to-market. At the same time, we are making great progress on innovation, building the next generation of Navan. I’ve never been more optimistic about the opportunity ahead as we pursue our mission to make travel easy for every frequent traveler.”\n\n“Navan delivered a strong third quarter, and we’re encouraged by the combination of revenue growth and increased operating margin that we achieved,\" said Amy Butte, Navan CFO. “We were able to deliver 29% revenue growth year-over-year in Q3, and 870 basis points of non-GAAP operating margin expansion. These results demonstrate our differentiated product and effective execution. We did not see a material impact to our business from travel disruptions related to the government shutdown in October and early November, and we continue to see strong demand in the corporate travel and expense market. As a reminder, we are a seasonal business. While we are reporting Q3 today, which is our seasonally strongest quarter, when we think about our business we think about it annually over an entire fiscal year.”\n\nThird Quarter Fiscal Year 2026 Financial Highlights:\n\nRevenue\n\n\nTotal Revenue was $195 million, an increase of 29% year-over-year.\n\n\nUsage revenue was $180 million, an increase of 29% year-ov...