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Guidewire Software, Inc. (GWRE) stock

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NYSE: GWRE NYSE Application Software Next results ~December 3, 2026

C+ Fundamentals grade

Guidewire Software, Inc. is a US-listed company in the application software industry. Its financial year ends in July.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$100

Cash-flow model

Base case. Range ~$77–$130 across our lower- and higher-growth cases (15%–25% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 38% below it.

Price used: $162.43, November 2, 2026

Guidewire Software, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 94 sales by directors and officers, last 12 monthsInsider trades
  • Funds238 adding, 355 cuttingOf 72 active managers that changed their stake, 34 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Guidewire Software files

Where Guidewire Software stands after its latest 10-K

Revenue for the twelve months to July 2026 was $1.48bn, up 22.7% on a year earlier, slower than 24.9% a quarter earlier. Free-cash-flow margin rose to 25.6% from 24.5% a year earlier. Operating margin widened to 10.2% from 3.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 3 financial-health checks. Our cash-flow model value is $80.73 a share, against a share price of $182. At that price, our model says the market is pricing in about 35.9% a year of cash-flow growth for five years, faster than the 14.7% a year revenue growth it has delivered.

Source: 10-K filed September 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 3, 2026 (estimated)

Guidewire Software, Inc.'s trailing-twelve-month revenue grew 22.7% year on year, with a free-cash-flow margin of 25.6%.

Our discounted-cash-flow model values the business at ~$100 per share in the base case (~$77–$130 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 28.0% while net income grew 99.5%: a 72pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 22.7% over the last 12 months, against a median of 12.0% for application software companies we cover.
  • Margins widening. Operating margin is up 6.7 points on a year ago.
  • Strong cash generation. 25.6% of revenue turned into free cash flow, against a median of 15.2% for application software companies we cover.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 5.9% over 90 days.

Things to watch

  • Priced above our value. The share price of $162.43 is 38% above our value per share of $100.
  • Volatile shares. Over the past year the shares showed annualised volatility of 62% and a beta of 0.6 against the S&P 500.
  • Insiders selling. 5 insiders sold $54M of stock over the past 365 days and none bought (78% under pre-set trading plans).
  • Growth easing. The growth rate is 2.2 points lower than a quarter earlier.
  • Below peers: change in growth rate. Change in growth rate of -2.2pp ranks 140 of 184 application software companies we cover (median +0.2pp).
  • Short interest rising. Shares sold short rose 21% in a month to 5.3% of tradable shares.

Latest results: FY2026 Q4

Filed September 11, 2026
Earnings per share
$0.99 against an average estimate of $0.94: beat by 5.5%
Revenue
$411m, up 15.3% on a year earlier
Guidance given
ending ARR $1,229m to $1,237m (the fourth quarter of fiscal year 2026); subscription and support revenue $259m to $265m (the fourth quarter of fiscal year 2026)
Next report
December 3, 2026; average EPS estimate $0.72

Guidewire Software's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.1%
  • 1 week-11.7%
  • 1 month+6.8%
  • This year-19.2%
  • 1 year-30.5%
  • 5 years+32.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.5B
Operating margin
10.2%
Net margin
9.4%
EPS (TTM, diluted)
$1.63

Growth

Revenue growth
+22.7%
Change in growth rate
−2.2 pts
Share count change
−0.6%

Cash

Free cash flow (TTM)
$378M
FCF margin
25.6%
Stock pay % of revenue
12.3%

Earnings

Last results
June 4, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Insider trade
  3. Announcement
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Insider trade
  8. Leadership
  9. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Guidewire Software, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 31.1% a year of cash-flow growth for five years.That is faster than the 14.7% a year revenue growth Guidewire Software has delivered.

  • Priced in31.1%
  • Last 12 months22.7%
  • 3 years a year17.7%
  • 5 years a year14.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($159.31, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$100
Price used
$159.31close November 3, 2026
Implied change
▼ 37%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Guidewire Software, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($161M, FY2026 Q4 TTM), growing 17.6% and 18.5% in the next two years (forecasts, guidance and its record), then back to 20% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$77–~$130 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Guidewire Software, Inc.'s free cash flow after stock-based pay ( $161M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Guidewire Software, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$100 ~$77–$130 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$74 ~$61–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$1.4 ~$0.7–$2.7 Left out: out of range vs price (0.01x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$92 ~$74–$100 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Guidewire Software, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +30%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +4%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $29$39$52$70$93$123
8.5% $22$29$39$52$68$89
10% $18$24$31$41$53$69

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$61.47$72.16$86.20$102.08$117.66$115.20$77.72$84.82$150.07$226.22$151.94
Market value$4.5bn$5.4bn$6.7bn$8.4bn$9.7bn$9.6bn$6.5bn$7.0bn$12.3bn$19.4bn$13.0bn
+ Net debt (− = net cash)−$218m−$263m−$132m$63m−$37m−$41m−$248m−$5m−$143m$31m$347m
Enterprise value$4.3bn$5.2bn$6.6bn$8.5bn$9.7bn$9.6bn$6.2bn$7.0bn$12.2bn$19.5bn$13.3bn
Multiples
Price / sales 10.7x10.7x10.3x11.7x13.1x13.0x8.0x7.7x12.6x16.2x8.8x
Price / earnings n/mn/m—n/m—————n/m93.2x
Price / free cash flow 48.9x40.9x51.1x118.5x106.3x104.0x—n/m65.2x65.9x34.4x
EV / EBITDA 170.8x127.4xn/mn/mn/m————n/m74.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

44 /100

Weak moat

How hard Guidewire Software's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Cash operating profit has been a median 9.3% of total assets over 10 years.

  • Pricing power 15 / 20

    Gross margin has been a median 54.7%, moving by 5.5 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -2.8%; its worst year was -24.5%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 9 of 10 years, at a median 15.9% of revenue.

  • Discipline 6 / 20

    The diluted share count rose 2.2% over five years; stock-based pay has been a median 13.9% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (59 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 3, 2026, after the close. Analysts expect revenue of $376m and EPS of $0.72 (range $0.48 to $1.10) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.19 +22% $1.7bn +16%
Next $5.35 +28% $2.0bn +16%

Next year's EPS estimate has moved +5.9% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.6% on 90 days ago. In the last 30 days, 9 analysts raised Guidewire Software, Inc.'s forecast and 4 cut it.

Consensus EPS forecast Guidewire Software, Inc., last 90 days
$4.00 $4.50 $5.00 $5.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.08 Current fiscal year, 60 days ago: $4.09 Current fiscal year, 30 days ago: $4.19 Current fiscal year, 7 days ago: $4.19 Current fiscal year, Now: $4.19 $4.19 Next fiscal year, 90 days ago: $5.06 Next fiscal year, 60 days ago: $5.10 Next fiscal year, 30 days ago: $5.35 Next fiscal year, 7 days ago: $5.35 Next fiscal year, Now: $5.35 $5.35

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.08$5.06
60 days ago $4.09$5.10
30 days ago $4.19$5.35
7 days ago $4.19$5.35
Now $4.19$5.35

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.94 $0.99 +5.5%
Apr 2026 $0.74 $0.82 +10.4%
Jan 2026 $0.77 $1.17 +52.5%
Oct 2025 $0.61 $0.66 +7.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, June 4, 2026
  • Total revenue fiscal year 2026 $1,460m to $1,470m Raised
    “Total revenue between $1,460 million and $1,470 million” source
  • Total revenue the fourth quarter of fiscal year 2026 $396m to $406m New
    “Total revenue between $396 million and $406 million” source
  • Ending ARR fiscal year 2026 $1,229m to $1,237m
    “Ending ARR between $1,229 million and $1,237 million” source
  • Subscription and support revenue fiscal year 2026 $963m to $969m
    “Subscription and support revenue between $963 million and $969 million” source
  • GAAP operating income fiscal year 2026 $124m to $134m GAAP Raised
    “GAAP operating income between $124 million and $134 million” source
  • Non-GAAP operating income fiscal year 2026 $314m to $324m Non-GAAP Raised
    “Non-GAAP operating income between $314 million and $324 million” source
Show 5 more items
  • Operating cash flow fiscal year 2026 $365m to $380m Raised
    “Operating cash flow between $365 million and $380 million” source
  • Ending ARR the fourth quarter of fiscal year 2026 $1,229m to $1,237m New
    “Ending ARR between $1,229 million and $1,237 million” source
  • Subscription and support revenue the fourth quarter of fiscal year 2026 $259m to $265m New
    “Subscription and support revenue between $259 million and $265 million” source
  • GAAP operating income the fourth quarter of fiscal year 2026 $36m to $46m GAAP New
    “GAAP operating income between $36 million and $46 million” source
  • Non-GAAP operating income the fourth quarter of fiscal year 2026 $86m to $96m Non-GAAP New
    “Non-GAAP operating income between $86 million and $96 million” source

How earlier guidance turned out

  • GAAP operating income, fiscal year 2026 guided $124m to $134m Above range: $150m
  • Total revenue, fiscal year 2026 guided $1,460m to $1,470m Above range: $1,475m
  • GAAP operating income, the fourth quarter of fiscal year 2026 guided $36m to $46m Above range: $62.318m
  • Total revenue, the fourth quarter of fiscal year 2026 guided $396m to $406m Above range: $411m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Guidewire Software, Inc.'s revenue by +17.6% next year and +18.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+16.5%, weight 69%) and the company's own record (+20.0%, weight 31%) . How the weights are set.

Analyst recommendations

16 analysts, Oct 2026
Buy1381%
Hold319%
Sell00%

Monthly trend

  1. Oct 202658316
  2. Sep 202658316
  3. Aug 202658316
  4. Jul 202658215

Counts of recommendations published by analysts covering Guidewire Software, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
5.3%
of tradable shares
Days to cover
3.11
at average volume
Short interest, 1 month
+21%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
4,174
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −30.5%

$233.64 on October 31, 2025 to $162.43

ThenNowEffect
Revenue (last 12 months) $1.2bn $1.5bn +22.7%
Net margin 5.8% 9.4% +62.6%
P/E multiple n/m 99.6x −65.4%
Share count 86m 85m +0.6%

Biggest factor: p/e multiple.

Last 3 years +77.6%

$91.45 on November 3, 2023 to $162.43

ThenNowEffect
Revenue (last 12 months) $905m $1.5bn +63.0%
P/S multiple 8.3x 9.4x +13.3%
Share count 82m 85m −3.8%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GWRE−12%−45%+74%+55%+19%−19%
Industry peers (median)−7%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GWRE50%25%75%67%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GWRE−31%−54%−17%−19%−26%−49%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 61% from September 8, 2025 to June 22, 2026. Getting back needed a 155% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$102.69 – $227.99
From 52-week high
−28.8%
vs 50-day average
−2.4%
vs 200-day average
+9.0%
Volatility (1 year)
62%
Beta vs S&P 500
0.62

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±10.5%
After a week
6 up, 6 down
typical move ±11.6%
After a month
6 up, 6 down
typical move ±11.5%
Results releasedNext dayS&P 500 next day5 days21 days
June 4, 2026 −12.2% −2.2% −23.5% −11.6%
March 5, 2026 +9.8% −1.9% +2.5% −3.9%
December 3, 2025 −1.7% +0.4% −6.6% −13.4%
September 4, 2025 +18.9% +0.5% +15.5% +4.9%
June 3, 2025 +18.0% +0.5% +17.0% +7.0%
March 6, 2025 −12.2% −1.2% −10.8% −11.7%
December 5, 2024 −14.3% 0.0% −16.1% −17.4%
September 5, 2024 +10.0% −1.9% +15.4% +25.3%
June 4, 2024 +16.2% +1.3% +24.0% +27.1%
March 7, 2024 +2.1% +0.4% −0.7% −0.3%
December 7, 2023 −0.2% +1.2% −0.7% +8.9%
September 7, 2023 +9.9% −0.2% +6.2% +6.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Guidewire Software, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look cheap

Option prices imply less movement than the shares have recently shown. Selling options pays little for the risk taken.

  • Implied is 0.97× the last 60 days’ realised volatility , richer than 17% of the 229 stocks we screen today.
  • Calls are priced 4 points richer than puts (25-delta): demand for upside is high, which favours selling calls over puts.
  • Why: implied is below 60-day realised: selling options pays little for the risk taken.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

GWRE Guidewire Software, Inc. Grade C+ $161.83

Own 100 shares, sell the $200 call expiring December 18, 2026 (46 days) for $4.30 a share — $430 per contract.

Previous session · Bid $4.30, ask $5.80, quoted Mon 2 Nov, 17:25 New York time with GWRE at $161.83. Option prices move with the shares: check the live chain at your broker before trading.

  • If GWRE ends below $200: you keep your shares and the $430 — 2.7% extra on the position, 21.1% a year at that pace.
  • If it ends above $200: your shares are sold at $200, a total return of 26.2% including the premium — at or above our value of ~$100.
$4.2k $0 −$3.2k Break-even $157.52 Price $161.83 ← Our value ~$100
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$430
Annualised
21.1%
Break-even
$157.52
Max gain
$4,247.5
Chance of selling
~24%

Results are expected around September 3, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Own the shares, buy the $145 put and sell the $200 call, both expiring December 18, 2026 (46 days).

  • Net cost of $3.90 a share ($390 per contract of 100 shares).
  • Worst case at expiry: -12.8%, if the shares fall below $145 (-10.4% from today).
  • Best case at expiry: +21.2%, if the shares rise above $200 (+23.6%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $100: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Guidewire Software, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Guidewire Software, Inc.
$800M $1B $1.2B $1.4B $1.6B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $917.5M Revenue (TTM), FY24 Q2: $925.8M Revenue (TTM), FY24 Q3: $958.9M Revenue (TTM), FY24 Q4: $980.5M Revenue (TTM), FY25 Q1: $1B Revenue (TTM), FY25 Q2: $1.1B Revenue (TTM), FY25 Q3: $1.1B Revenue (TTM), FY25 Q4: $1.2B Revenue (TTM), FY26 Q1: $1.3B Revenue (TTM), FY26 Q2: $1.3B Revenue (TTM), FY26 Q3: $1.4B Revenue (TTM), FY26 Q4: $1.5B $1.5B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $917.5M
FY24 Q2 $925.8M
FY24 Q3 $958.9M
FY24 Q4 $980.5M
FY25 Q1 $1B
FY25 Q2 $1.1B
FY25 Q3 $1.1B
FY25 Q4 $1.2B
FY26 Q1 $1.3B
FY26 Q2 $1.3B
FY26 Q3 $1.4B
FY26 Q4 $1.5B
Revenue growth, TTM YoY Guidewire Software, Inc.
0% 10% 20% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 9.0% Revenue growth, TTM YoY, FY24 Q2: 6.4% Revenue growth, TTM YoY, FY24 Q3: 9.0% Revenue growth, TTM YoY, FY24 Q4: 8.3% Revenue growth, TTM YoY, FY25 Q1: 12.9% Revenue growth, TTM YoY, FY25 Q2: 17.2% Revenue growth, TTM YoY, FY25 Q3: 18.6% Revenue growth, TTM YoY, FY25 Q4: 22.6% Revenue growth, TTM YoY, FY26 Q1: 22.8% Revenue growth, TTM YoY, FY26 Q2: 23.7% Revenue growth, TTM YoY, FY26 Q3: 24.9% Revenue growth, TTM YoY, FY26 Q4: 22.7% 22.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 9.0%
FY24 Q2 6.4%
FY24 Q3 9.0%
FY24 Q4 8.3%
FY25 Q1 12.9%
FY25 Q2 17.2%
FY25 Q3 18.6%
FY25 Q4 22.6%
FY26 Q1 22.8%
FY26 Q2 23.7%
FY26 Q3 24.9%
FY26 Q4 22.7%
Operating margin (TTM) Guidewire Software, Inc.
-20% -10% 0% 10% 20% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: -11.8% Operating margin (TTM), FY24 Q2: -10.6% Operating margin (TTM), FY24 Q3: -5.9% Operating margin (TTM), FY24 Q4: -5.4% Operating margin (TTM), FY25 Q1: -2.3% Operating margin (TTM), FY25 Q2: 0.1% Operating margin (TTM), FY25 Q3: 1.9% Operating margin (TTM), FY25 Q4: 3.4% Operating margin (TTM), FY26 Q1: 5.1% Operating margin (TTM), FY26 Q2: 6.8% Operating margin (TTM), FY26 Q3: 8.2% Operating margin (TTM), FY26 Q4: 10.2% 10.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 -11.8%
FY24 Q2 -10.6%
FY24 Q3 -5.9%
FY24 Q4 -5.4%
FY25 Q1 -2.3%
FY25 Q2 0.1%
FY25 Q3 1.9%
FY25 Q4 3.4%
FY26 Q1 5.1%
FY26 Q2 6.8%
FY26 Q3 8.2%
FY26 Q4 10.2%
FCF margin (TTM) Guidewire Software, Inc.
0% 10% 20% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 5.2% FCF margin (TTM), FY24 Q2: 12.3% FCF margin (TTM), FY24 Q3: 17.4% FCF margin (TTM), FY24 Q4: 19.3% FCF margin (TTM), FY25 Q1: 19.2% FCF margin (TTM), FY25 Q2: 20.1% FCF margin (TTM), FY25 Q3: 21.6% FCF margin (TTM), FY25 Q4: 24.5% FCF margin (TTM), FY26 Q1: 22.5% FCF margin (TTM), FY26 Q2: 23.1% FCF margin (TTM), FY26 Q3: 23.7% FCF margin (TTM), FY26 Q4: 25.6% 25.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 5.2%
FY24 Q2 12.3%
FY24 Q3 17.4%
FY24 Q4 19.3%
FY25 Q1 19.2%
FY25 Q2 20.1%
FY25 Q3 21.6%
FY25 Q4 24.5%
FY26 Q1 22.5%
FY26 Q2 23.1%
FY26 Q3 23.7%
FY26 Q4 25.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Guidewire Software took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.5B
  2. Other income $14.2M · 1.0%
  3. Cost of revenue $528M · 35.8%
  4. Gross profit $947M · 64.2%
  5. Research and development $340M · 23.1%
  6. Selling, general and admin $457M · 31.0%
  7. Operating income $150M · 10.2%
  8. Income tax $24.8M · 1.7%
  9. Net income $139M · 9.4%

Shares of revenue. Source: Guidewire Software's 10-K for FY2026, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jul 2010 2011 Jul 2011 2012 Jul 2012 2013 Jul 2013 2014 Jul 2014 2015 Jul 2015 2016 Jul 2016 2017 Jul 2017 2018 Jul 2018 2019 Jul 2019 2020 Jul 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Jul 2024 2025 Jul 2025 2026 Jul 2026
Income
Revenue 145 172 232 301 350 381 424 510 653 720 742 743 813 905 980 1,202 1,475
Gross profit 89 104 142 175 201 233 273 318 356 395 404 390 377 458 583 752 947
EBITDA 19 9 32 35 25 24 25 41 20 41 19 −69 −166 −125 −30 65 178
Operating income 18 7 29 30 18 16 16 22 −16 1 −24 −106 −199 −149 −53 41 150
Net income 4 12 13 25 15 10 15 18 −27 21 −27 −67 −180 −112 −6 70 139
Diluted EPS $0.30 $0.76 $0.32 $0.40 $0.21 $0.14 $0.20 $0.24 −$0.34 $0.25 −$0.33 −$0.79 −$2.16 −$1.36 −$0.07 $0.81 $1.63
Growth (year on year)
Revenue — +19.2% +34.5% +29.6% +16.5% +8.6% +11.5% +20.0% +28.1% +10.2% +3.2% +0.1% +9.3% +11.4% +8.3% +22.6% +22.7%
EBITDA — −53.1% +250.1% +8.5% −27.2% −4.8% +5.4% +60.6% −50.8% +107.3% −54.7% −465.9% — — — — +174.3%
Operating income — −61.9% +321.1% +2.8% −38.1% −10.5% −0.3% +33.0% −171.5% — — — — — — — +264.9%
Net income — +171.8% +8.1% +95.0% −40.3% −32.9% +51.5% +20.7% −248.0% — −231.2% — — — — — +99.5%
Diluted EPS — +153.3% −57.9% +25.0% −47.5% −33.3% +42.9% +20.0% −241.7% — −232.0% — — — — — +101.2%
Margins
Gross margin 61.7% 60.4% 61.2% 58.2% 57.5% 61.3% 64.2% 62.4% 54.5% 54.9% 54.5% 52.4% 46.4% 50.6% 59.5% 62.5% 64.2%
EBITDA margin 13.4% 5.3% 13.7% 11.5% 7.2% 6.3% 6.0% 8.0% 3.1% 5.8% 2.5% −9.2% −20.4% −13.8% −3.1% 5.4% 12.1%
Operating margin 12.4% 4.0% 12.5% 9.9% 5.3% 4.3% 3.9% 4.3% −2.4% 0.2% −3.2% −14.2% −24.5% −16.5% −5.4% 3.4% 10.2%
Net margin 3.0% 6.8% 5.4% 8.2% 4.2% 2.6% 3.5% 3.5% −4.1% 2.9% −3.7% −8.9% −22.2% −12.4% −0.6% 5.8% 9.4%
Free-cash-flow margin 5.0% 14.4% 4.9% 7.8% 20.1% 15.1% 21.9% 26.1% 20.1% 9.9% 12.4% 12.5% −5.8% 3.6% 19.3% 24.5% 25.6%
Cash flow
Cash from operations 10 28 17 33 75 64 100 139 140 116 113 112 −38 38 196 301 390
Capital spending 2 3 6 9 5 6 7 6 9 45 21 19 10 6 6 6 12
Free cash flow 7 25 11 23 70 57 93 133 131 71 92 93 −47 33 189 295 378
Stock-based pay 3 7 13 26 43 51 66 72 90 92 102 115 137 143 146 162 182
Free cash flow after stock pay 4 18 −1 −2 28 6 27 61 41 −20 −10 −22 −184 −110 43 134 196
Balance sheet
Cash 37 60 206 80 148 212 224 263 437 254 367 385 606 402 548 698 373
Total debt 0 0 0 0 0 0 6 0 305 317 330 344 358 397 405 729 720
Net debt (negative = net cash) −37 −60 −206 −80 −148 −212 −218 −263 −132 63 −37 −41 −248 −5 −143 31 347
Diluted shares 16m 18m 42m 62m 69m 72m 74m 75m 78m 83m 83m 84m 84m 82m 82m 86m 85m
Returned to shareholders
Buybacks — — — — — — — — — 0 0 161 37 262 0 0 606
Total returned — — — — — — — — — 0 0 161 37 262 0 0 606

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · July 31, 2026
What it owns · $2.6bn
Short-term assets $1.2bnLonger-term assets $1.4bn
What it owes, and who funded it · $2.6bn
Short-term liabilities $664mLonger-term liabilities $719mShareholders' equity $1.2bn
  • Short-term assets cover short-term liabilities $1.2bn of assets due within a year against $664m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.2bn short-term assets against $719m of longer-dated liabilities.
  • More cash than debt $373m of cash against $678m of debt.
  • Debt below 40% of shareholders' equity Debt is 57% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 23% to 57% over five years.
  • A year's operating cash flow covers at least 20% of debt $390m of operating cash flow against $678m of debt.
  • Operating profit covers interest at least five times over Operating income of $150m against $13m of interest.

From Guidewire Software, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$606M
Diluted share count
−0.6%
year over year
R&D spending
23.1%
of revenue
Days sales outstanding
48 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated GWRE SRAD PCOR KVYO ZETA BSY Median
Revenue, last 12 months $1.5bn $1.5bn $1.4bn $1.4bn $1.6bn $1.6bn $482m
Revenue growth, last 12 months 22.7% 21.8% 15.4% 28.9% 35.9% 12.8% 12.0%
Revenue growth, 3-year average 17.7% — 19.6% 33.4% 33.7% 11.2% 11.1%
Revenue growth, latest quarter 15.3% — 15.8% 26.4% 43.5% 12.8% 11.9%
Gross margin 64.2% 85.2% 80.0% 73.8% 59.5% 81.8% 69.2%
Operating margin 10.2% — −4.9% −1.9% 1.6% 23.6% 1.1%
Operating margin, 3-year average 2.7% — −10.0% −19.2% −5.6% 23.0% −0.8%
Net margin 9.4% 7.8% −2.7% 0.5% −0.1% 18.1% 2.1%
Cash from operations / revenue 26.4% 31.2% 25.9% 19.9% 15.3% 32.6% 18.2%
Free-cash-flow margin 25.6% 30.9% 24.4% 18.2% 14.3% 31.1% 15.0%
Free-cash-flow margin, 3-year average 23.2% — 18.0% 16.2% 12.0% 31.1% 16.2%
Stock pay / revenue 12.3% 4.3% 17.5% 12.3% 12.4% 4.9% 9.3%
Change in share count −0.6% — 1.3% 10.0% 15.0% −2.0% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 22.7% 12.0% 46 of 184
Change in growth rate Growth -2.2pp +0.2pp 140 of 184
Gross margin Profitability 64.2% 69.8% 96 of 160
Operating margin Profitability 10.2% 1.1% 55 of 181
Net margin Profitability 9.4% 2.1% 65 of 185
Free-cash-flow margin Cash generation 25.6% 15.2% 49 of 180
Stock pay as % of revenue Cash generation 12.3% 9.3% 111 of 177
Long-term debt as % of assets Balance sheet 26.3% 16.9% 67 of 98
Change in share count Balance sheet -0.6% 1.7% 58 of 163
Days sales outstanding Balance sheet 48 days 57 days 60 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to July 31, 2026
Products and services
Line of business Revenue Share YoY
Subscription and Support $971M 65.8% ▲ 32.8%
Subscription $916M 94.3% ▲ 37.2%
Support $55.1M 5.7% ▼ 13.7%
Services $270M 18.3% ▲ 23.1%
Licenses $235M 15.9% ▼ 6.9%
Perpetual License $0 0.0% ▼ 100.0%
Geography
Region Revenue Share YoY
Americas $1.1B 76.8% ▲ 22.7%
United States $938M 82.7% ▲ 21.7%
Canada $175M 15.4% ▲ 23.8%
Other Americas $20.9M 1.8% ▲ 79.0%
EMEA $227M 15.4% ▲ 23.6%
APAC $115M 7.8% ▲ 20.8%

From Guidewire Software, Inc.'s 10-K filed September 11, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$10.3B
Institutions reporting
544
Shares held vs prior quarter
▼ 1.4%
Positions opened / closed
80 / 124

Top buyers and sellers, Q2 2026: 238 institutions bought and 355 sold ; the biggest buyer was BAMCO Inc (+2.4M shares) and the biggest seller Royal Bank Of Canada (−1.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
BAMCO Inc $1.1B 9.0M 10.7% ▲ 36.3%
Blackrock, Inc. $1.1B 8.9M 10.6% ▼ 4.5%
Linonia Partnership LP $853M 6.9M 8.3% ▼ 9.4%
Vanguard Portfolio Management LLC $555M 4.5M 5.4% ▼ 1.9%
Vanguard Capital Management LLC $473M 3.8M 4.6% ▲ 0.1%
Darsana Capital Partners LP $468M 3.8M 4.5% ▼ 4.9%
State Street Corp $330M 2.7M 3.2% ▲ 2.3%
Jpmorgan Chase & Co $272M 2.2M 2.6% ▲ 162.2%
Massachusetts Financial Services Co $250M 2.0M 2.4% ▼ 32.3%
Route One Investment Company, L.P. $228M 1.8M 2.2% 0.0%
Geode Capital Management, LLC $201M 1.6M 2.0% ▼ 4.3%
Principal Financial Group Inc $154M 1.2M 1.5% ▲ 5.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Guidewire Software, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $53.8M 94 trades by 5 insiders · 78% under pre-set plans
Net ▼ $53.8M net selling
Insider Date Trade Shares Price Value
Rosenbaum Michael George Chief Executive Officer November 2, 2026 Sell pre-set plan 1,200 $160.16 $192,192
Mullen John P President October 26, 2026 Sell pre-set plan 1,800 $187.19 $336,942
Rosenbaum Michael George Chief Executive Officer October 26, 2026 Sell pre-set plan 1,200 $187.19 $224,628
Mullen John P President October 20, 2026 Sell pre-set plan 5,400 $185.00 $999,000
Rosenbaum Michael George Chief Executive Officer October 19, 2026 Sell pre-set plan 1,200 $167.90 $201,480
Rosenbaum Michael George Chief Executive Officer October 12, 2026 Sell pre-set plan 1,200 $168.97 $202,764
King James Winston Chief Admin Officer, Gen Couns October 9, 2026 Sell pre-set plan 9,187 $168.00 $1.5M
Rosenbaum Michael George Chief Executive Officer October 5, 2026 Sell pre-set plan 1,200 $152.52 $183,024
Rosenbaum Michael George Chief Executive Officer September 28, 2026 Sell pre-set plan 1,200 $142.65 $171,180
Rosenbaum Michael George Chief Executive Officer September 21, 2026 Sell pre-set plan 1,200 $145.92 $175,104
Cooper Jeffrey Elliott Chief Financial Officer September 18, 2026 Sell pre-set plan 994 $144.98 $144,110
Cooper Jeffrey Elliott Chief Financial Officer September 18, 2026 Sell pre-set plan 1,195 $143.61 $171,614

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 11 trades and filings

No trades in Guidewire Software, Inc. disclosed in the last 12 months; 11 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded August 13, 2025, filed September 12, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded August 4, 2025, filed September 12, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded June 24, 2025, filed August 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around September 3, 2026 estimated from the company's past filing pattern, not announced

  • June 4, 2026
  • March 5, 2026
  • December 3, 2025
  • September 4, 2025
  • June 3, 2025
  • March 6, 2025

Recent SEC filings

Data status

When each part of this page on Guidewire Software, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Guidewire Software, Inc. in brief

What does Guidewire Software, Inc. do?
Guidewire Software, Inc. is a US-listed company in the application software industry. Its financial year ends in July.
What is Guidewire Software, Inc.'s stock ticker?
Guidewire Software, Inc. trades under the ticker GWRE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Guidewire Software, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Guidewire Software, Inc. reported revenue of $1.5B, 22.7% higher than a year earlier, according to its SEC filings.
What is Guidewire Software, Inc.'s free cash flow?
Guidewire Software, Inc.'s free-cash-flow margin is 25.6% of revenue over the trailing twelve months, ranking 49 of the 180 application software companies we cover.
What is Guidewire Software, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Guidewire Software, Inc.'s free cash flow after stock-based pay gives ~$100 per share in the base case, and ~$77–$130 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Guidewire Software, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are BAMCO Inc, Blackrock, Inc. and Linonia Partnership LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Guidewire Software, Inc.'s market cap?
On July 31, 2026, Guidewire Software, Inc.'s market capitalisation was about $13B, with a price-to-earnings ratio of 93.2 and net debt of $347M. Market figures come from third-party market data and may be delayed.
How much debt does Guidewire Software, Inc. have?
Guidewire Software, Inc.'s debt-to-equity ratio is 56.8%, from its latest balance sheet (23.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Guidewire Software, Inc.'s competitors?
In our Application Software peer group, the companies closest to Guidewire Software, Inc. are Sportradar Group AG, Procore Technologies, Inc., Klaviyo, Inc., Zeta Global Holdings Corp. and Bentley Systems Inc. The side-by-side comparison below sets their revenue, margins and growth against Guidewire Software, Inc.'s.
Are insiders buying or selling Guidewire Software, Inc. stock?
Over the last 12 months, Guidewire Software, Inc.'s directors and officers reported 0 open-market purchases and 94 sales on Form 4. The insider trading page charts every trade.
When is Guidewire Software, Inc.'s next earnings date?
Around December 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Guidewire Software, Inc. announces its own schedule.