By Calypso Research13 min read

Software Earnings Q4 2025 Roundup

Software Earnings Q4 2025 Roundup: 88 Companies Analyzed

Sector Overview

The Software sector saw 88 companies report earnings this quarter. Average revenue growth across the sector was +15.5%, signaling continued strength in the industry. On average, stocks moved -1.0% on earnings day, with 43 out of 87 companies seeing positive reactions.

Combined sector revenue totaled $273.6B for the quarter.

Company-by-Company Results

CompanyTickerRevenueYoY ChangeEarnings Day Move
Accenture plcACN$18.7B+6.0%-1.4%
Adobe Inc.ADBE$6.2B+10.5%+2.1%
AppFolioAPPF$248M+21.9%-8.3%
AppianAPPN$203M+21.7%+2.0%
Arista NetworksANET$2.5B+28.9%+4.8%
Arm HoldingsARM$1.2B+26.3%+5.7%
AsanaASAN$201M+9.3%+7.8%
AtlassianTEAM$1.6B+23.3%-9.4%
AutodeskADSK$1.5B-6.5%+5.3%
Automatic Data ProcessingADP$5.4B+6.2%-1.5%
Bill.comBILL$415M+14.4%+37.2%
Block IncSQ$6.3B+3.6%+0.6%
BoxBOX$301M+9.1%+6.7%
C3.aiAI$53M-46.1%+1.9%
CDW CorporationCDW$5.5B+6.3%+9.4%
CadenceCDNS$1.4B+6.2%+7.6%
CloudflareNET$615M+33.6%+5.2%
Cognizant Technology SolutionsCTSH$5.3B+4.9%+3.0%
ConfluentCFLT$299M+19.3%+7.6%
CrowdstrikeCRWD$1.2B+22.2%+1.5%
DatadogDDOG$953M+29.2%+13.7%
Digital OceanDOCN$242M+18.3%+6.6%
DocusignDOCU$818M+8.4%-7.6%
ElasticESTC$423M+15.9%-14.7%
EtsyETSY$882M+3.5%+9.3%
F5 IncFFIV$822M+7.3%+8.1%
Fair IsaacFICO$512M+16.4%-1.6%
FortinetFTNT$1.9B+14.8%+4.9%
GitlabGTLB$244M+24.6%-12.8%
GoDaddyGDDY$1.3B+6.8%-16.0%
GuidewireGWRE$333M+26.5%-2.2%
HashicorpHCP$156M+14.7%+10.9%
Hims and HersHIMS$618M+28.4%-0.8%
HubspotHUBS$846M+20.4%+9.4%
Intercontinental ExchangeICE$3.1B+3.6%+2.1%
IntuitINTU$4.7B+17.4%+3.7%
Manhattan AssociatesMANH$270M+5.7%-5.1%
Microsoft CorporationMSFT$81.3B+16.7%-10.0%
Monday.comMNDY$334M+24.6%-7.2%
MongoDBMDB$628M+18.7%+22.2%
Moody's CorporationMCO$1.9B+13.0%+6.5%
OktaOKTA$742M+11.6%+5.5%
Omnicom GroupOMC$5.5B+27.9%+3.2%
Oracle CorporationORCL$16.1B+14.2%-10.8%
PTC IncPTC$686M+21.4%+1.7%
PagerDutyPD$125M+4.7%-23.3%
PalantirPLTR$1.4B+70.0%+6.8%
Palo Alto NetworksPANW$2.5B+15.7%-7.4%
PaychexPAYX$1.6B+18.3%-1.7%
Paycom SoftwarePAYC$544M+10.2%+0.9%
PaylocityPCTY$416M+10.4%-7.2%
PaypalPYPL$8.8B+4.7%-20.3%
PinterestPINS$1.3B+14.3%-16.8%
Q2QTWO$208M+13.8%-7.4%
QualsysQLYS$175M+10.1%-13.3%
RedditRDDT$726M+69.7%-7.4%
Roku IncROKU$1.4B+16.1%+8.6%
S&P Global Inc.SPGI$3.9B+9.0%-9.7%
SAP SESAP$9.6B+2.3%-15.2%
Salesforce.comCRM$10.3B+8.6%+3.7%
Sea LimitedSE$6.0B+38.3%-8.2%
SentinelOneS$259M+22.9%-14.4%
ServiceNowNOW$3.6B+20.7%-9.9%
ShopifySHOP$3.7B+30.6%-6.7%
Sirius XMSIRI$2.2B+0.2%+9.0%
SmartsheetSMAR$276M+17.3%+5.9%
SnapchatSNAP$1.7B+10.2%-13.4%
SnowflakeSNOW$1.3B+30.1%-2.7%
SoFi TechnologiesSOFI$1.3B+32.5%-6.4%
SpotifySPOT$4.5B+5.8%+14.7%
Sprout SocialSPT$116M+12.6%-2.4%
SynopsysSNPS$2.4B+65.5%-5.2%
Trane TechnologiesTT$5.1B+5.5%+8.1%
TransDigm Group IncorporatedTDG$2.3B+13.9%-9.3%
TwilioTWLO$1.4B+14.3%+2.3%
UiPathPATH$411M+15.9%+24.4%
UnityU$503M+10.1%-26.3%
Varonis SystemsVRNS$173M+9.4%-10.8%
Veeva SystemsVEEV$811M+16.0%-9.8%
Verisk AnalyticsVRSK$779M+5.9%+3.8%
Virtu FinancialVIRT$970M+16.3%+8.5%
Western UnionWU$1.0B-4.9%-1.8%
Wix.comWIX$505M+13.6%-19.9%
WorkdayWDAY$2.4B+12.6%-7.9%
ZoomZM$1.2B+4.4%+9.8%
ZoominfoZI$319M+3.2%N/A
ZscalerZS$816M+25.9%-12.2%
nCinoNCNO$152M+9.6%-4.8%

Top Performers

Palantir (PLTR) led the sector with revenue growth of +70.0%. Palantir’s uniquely effective AI platforms are becoming the operating system for critical commercial and defense workflows, driving outsized share of customer budgets, durable U.S.-led growth, and a long runway in reindustrialization programs like ShipOS.

Reddit (RDDT) led the sector with revenue growth of +69.7%. Reddit’s trusted community content, accelerating ad tech (Reddit Max, DPA), and deepening AI/LLM partnerships sustain exceptional revenue growth and margin expansion while capital returns signal confidence in long-term cash generation.

Synopsys (SNPS) led the sector with revenue growth of +65.5%. Synopsys leverages AI, Ansys integration, and a recovering IP portfolio to sustain double-digit growth and expanding margins as silicon-to-system solutions and Agentic AI unlock new pricing power.

Underperformers

C3.ai (AI) reported revenue growth of -46.1%. Execution dependence on Tom Siebel, withdrawn guidance, heavy partner reliance, and margin pressure from IPDs and restructuring signal that C3.ai’s business model may be structurally fragile, with a real risk of continued volatility in growth and profitability.

Autodesk (ADSK) reported revenue growth of -6.5%. Macro uncertainty, lingering execution risk from business model and go-to-market transitions, and a slow, cautious approach to AI monetization and pricing could cap upside to growth and profitability versus elevated investor expectations.

Western Union (WU) reported revenue growth of -4.9%. Persistent migration and policy headwinds, intensifying digital competition, and execution risk in Intermex integration and digital asset initiatives cap growth and pressure the structurally challenged core remittance franchise.

Key Themes Across the Sector

Across 88 earnings calls, several common themes emerged:

  • Pace and Nature of Enterprise AI Adoption (Proof-of-Concept vs. Scaled Impact)
  • Revenue and Margin Leverage from Fixed-Price / Outcome-Based Models and Nonlinear Growth
  • Timing and Magnitude of AI-Driven Re‑Acceleration in ARR Growth
  • Monetization Model and Durability of Generative AI Economics (Credits, Pricing, Seats)
  • Growth Potential in International Markets and Profitability

Individual Earnings Reports

Frequently Asked Questions

How did the software sector perform in Q4 2025?

The software sector saw average revenue growth of +15.5% across 88 companies that reported earnings. The top performer was Palantir (PLTR) with revenue growth of +70.0%.

Which software stock performed best after earnings?

Bill.com (BILL) had the strongest earnings-day reaction, with the stock moving +37.2% on the report.

Key themes discussed across software earnings calls include: pace and nature of enterprise ai adoption (proof-of-concept vs. scaled impact), growth potential in international markets and profitability, monetization model and durability of generative ai economics (credits, pricing, seats). These topics were debated across multiple companies in the sector.

This roundup was generated by Calypso, an AI-powered equity research platform. For real-time earnings analysis, interactive debates, and coverage of 400+ stocks, try Calypso free.