Full Year
GWRE — FY2026 Annual Report Analysis
Guidewire ended fiscal 2026 (year ended July 31, 2026) with revenue up 23% to $1.48 billion and GAAP operating income more than tripled to $149.9 million, as subscription gross margin hit 73% and the license-to-cloud swap turned accretive — though stock-based compensation of $181.8 million still exceeds GAAP operating profit.