NYSE$DT

Dynatrace Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Outperformed across all key metrics, driven by platform strength and effective execution.

Dynatrace announced strong financial results for the second quarter of fiscal year 2025, exceeding the high end of guidance across all metrics. The company reported ARR growth of 19% year-over-year on a constant currency basis and achieved a GAAP Operating Margin of 11% and a Non-GAAP Operating Margin of 31%.

  • ARR increased by 20%, or 19% on a constant currency basis, reaching $1,617 million.
  • Total revenue grew by 19% to $418 million, both as reported and on a constant currency basis.
  • Subscription revenue increased by 20% to $400 million, both as reported and on a constant currency basis.
  • GAAP EPS was $0.15 and Non-GAAP EPS was $0.37, both on a dilutive basis.

Headline financials

Total Revenue

$418M

Previous: $352M+18.9%
EPS (adj)

$0.37

Previous: $0.31+19.4%
Capital Expenditures

-$6.87M

Previous: -$13M+47.2%
Free Cash Flow

$37.1M

Previous: $22.8M+62.9%
Net Income

$44M

Previous: $35.8M+22.9%
Operating Income

$47M

Previous: $35.3M+33.3%
Gross Profit

$340M

Previous: $287M+18.4%
R&D Expense

$95.4M

No prior period
Stock-Based Comp

$71.7M

Previous: $58M+23.7%

Revenue & EPS history

Dynatrace · Revenue · Quarterly

$418M

Q2 2025+18.9%vs Q2 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Dynatrace · $352M total across 2 segments · Q2 2024

  • Subscription
    $334M+28.0%
  • Service
    $17.2M-4.5%

Forward guidance

Dynatrace is issuing guidance for the third quarter and increasing its previous guidance for full year fiscal 2025.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.6%

Avg return

Earnings day

+2.2%

Avg return

5 days after

+4.2%

Avg return

30 days after

57%

16 / 28 earnings

Positive

+20.5%

Q3 2023

Best reaction

-21.8%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-15.1%+1.6%+4.0%
Q3 2026+7.3%+10.4%+11.5%
Q2 2026-4.3%-5.9%-10.4%
Q1 2026-0.1%-8.9%-1.0%
Q4 2025+6.0%+5.4%+4.9%
Q3 2025+0.7%+3.4%-0.2%
Q2 2025-6.4%-5.4%+3.2%
Q1 2025+16.8%+16.1%+23.9%
Q4 2024+4.4%+4.2%-1.1%
Q3 2024-11.3%-14.2%-22.8%
Q2 2024+7.3%+9.8%+23.5%
Q1 2024-13.5%-12.5%-12.7%
Q4 2023+5.1%+5.0%+9.4%
Q3 2023+20.5%+20.6%+12.8%
Q2 2023-2.7%-1.2%+14.3%
Q1 2023+6.3%+9.7%-4.1%
Q4 2022+12.5%+15.8%+17.2%
Q3 2022-21.8%-16.0%-26.4%
Q2 2022-4.6%-4.9%-19.0%
Q1 2022+2.0%+2.6%+7.2%
Q4 2021-1.9%+2.8%+22.2%
Q3 2021+17.6%+27.5%+13.4%
Q2 2021-11.4%-15.4%-5.8%
Q1 2021+4.0%+1.6%+6.2%
Q4 2020-1.7%-1.4%+5.8%
Q3 2020+11.8%+5.4%+12.6%
Q2 2020+9.3%+12.3%+43.5%
Q1 2020+7.1%-6.9%-13.9%
Q4 2019
Q3 2019
Q2 2018
Q1 2018
Q4 2018
Q3 2017

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