Guidewire Software, fourth quarter and fiscal year 2026 results, reported September 3.

The Guidewire fiscal 2026 earnings report shows revenue of 1,475.4 million dollars for the year ended July 31, up 23 percent year over year, from a company whose core-systems software runs claims handling and policy administration for more than 570 property-casualty insurers in 44 countries. Annual recurring revenue climbed 19 percent on a constant-currency basis to 1,242 million dollars, and fully ramped ARR, which includes contracted revenue not yet fully recognized, rose 22 percent to 1,578 million dollars.

The numbers behind the Guidewire fiscal 2026 earnings beat

Profitability improved sharply. GAAP net income came in at 139.3 million dollars, roughly double the 69.8 million dollars reported a year earlier, while non-GAAP net income reached 293.0 million dollars. GAAP diluted earnings per share were 1.63 dollars and non-GAAP diluted EPS was 3.43 dollars. Operating cash flow totaled 389.7 million dollars, and Guidewire repurchased 606.3 million dollars in shares during the year, buying back roughly 4.09 million shares at an average price of 148.41 dollars.

Fourth-quarter revenue alone was 411.1 million dollars, up 15 percent year over year, with GAAP net income of 31.4 million dollars for the quarter.

Looking ahead, Guidewire guided fiscal 2027 ending ARR to 1,450 to 1,460 million dollars and total revenue to 1,707 to 1,727 million dollars. CEO Mike Rosenbaum credited customers “deepening their commitments to Guidewire’s core offerings and expanding with new pricing and AI focused products,” in the earnings release, while CFO Jeff Cooper pointed to the “lowest ARR gross attrition rate since we started measuring ARR.”

The result lands alongside other signs that Guidewire’s ecosystem is deepening rather than just its own product line growing. Billing modernization specialist InvoiceCloud, for instance, recently teamed up with a Guidewire integrator to chase insurance billing modernization, the kind of third-party partner activity that tends to follow when a core-systems platform becomes the default choice insurers build around.

Fintechbits analysis

Why the Guidewire fiscal 2026 earnings attrition number matters most

That attrition line from Cooper is arguably more telling than the headline revenue growth. Insurtech coverage over the past several years has mostly followed venture-backed point solutions trying to disrupt one narrow piece of the insurance stack, most of them burning cash with uneven results, a dynamic explored in broader overviews of what insurtech actually covers heading into 2026. Guidewire has quietly taken the less exciting path: it sells the core systems that large, regulated insurers cannot easily rip out once installed, and it compounds through renewals and expansion rather than new-logo land grabs.

A record-low attrition rate on a book of business this size is the clearest evidence that the cloud migration Guidewire has spent years pushing customers through is actually sticking, not just generating a one-time revenue bump from forced upgrades.

The guidance is the part worth flagging against the enthusiasm in the earnings quotes. Revenue growth of 23 percent this year against a midpoint guide implying roughly 16 to 17 percent growth next year is a real deceleration, even if the absolute numbers stay healthy. That is a normal pattern for a maturing enterprise software vendor moving past its heaviest migration years, not a red flag on its own, but it is a different growth profile than the one investors just saw.

What to watch next

Worth watching whether Guidewire starts breaking out its AI-tied pricing products as a distinct revenue line next year, rather than folding that growth into overall ARR the way it has so far, since that disclosure choice alone would say a lot about how meaningful that business has become. Investors parsing the Guidewire fiscal 2026 earnings guidance will likely focus on that deceleration figure as much as the headline beat itself.