Figma reports $391M revenue in Q3 2026, up 43% year-over-year

The design platform beat its own guidance and raised its full-year outlook, but investors fixated on what AI is costing to run Figma just posted the kind of quarter most software companies would frame and hang in the lobby. Revenue hit $391 million for the third quarter of 2026, up 43% year over year. The market’s response was less celebratory. Shares slid in after-hours trading as investors turned their attention from the revenue line to the expense side, specifically the cost of running AI. The numbers behind the beat Figma, Inc. (NYSE: FIG) reported revenue of $391.4 million for the quarter ending September 30, 2026. That figure landed $16.4 million above the company’s own prior guidance. The company credits faster adoption of its AI features for the lift. Net dollar retention came in at 131%. That marks the fifth straight quarter the metric has stayed above 130%. The customer base is also scaling up the value ladder. Paid customers generating more than $10,000 in annual recurring revenue reached 16,566, an increase of 3,650 from the prior year. Profitability showed up too. Non-GAAP operating income was $47 million, which works out to a 12% margin for the quarter. The balance sh...