Figma raised its full-year 2026 revenue guidance to $1.463B-$1.467B, implying 39% growth, after posting $370M in second-quarter revenue that grew 48% year-over-year, according to the company's announcement.
The design platform posted $370M in second-quarter revenue that grew 48% year-over-year. The quarter marks Figma's third consecutive period of accelerating top-line growth, with Q1 2026 revenue of $333M up 40% year-over-year.
Figma is leaning into product development as competitors including Adobe and Canva have introduced or expanded their own generative tools. Figma's approach has been to bundle AI credits into its subscription tiers rather than price them separately, allowing the company to capture incremental usage without fragmenting its monetization model.
Paid tier adoption has accelerated alongside the rollout of AI features, which Figma began offering in beta in mid-2025. The credit system lets subscribers consume generative tasks at tiered rates based on plan level, creating a mechanism for revenue to scale with feature consumption without raising headline subscription prices. This structure has allowed Figma to maintain gross margins while funding increased R&D spending.
For full-year 2025, Figma reported $1.053B in revenue, up 36% from 2024. The FY2026 guidance range midpoint of $1.465B would represent 39% year-over-year growth, a meaningful acceleration from the 36% baseline. That trajectory places Figma among the fastest-growing enterprise software companies in the public market, though at lower absolute scale than peers like Datadog or ServiceTitan.
Figma's valuation multiple and stock performance will hinge on whether the company can sustain this growth rate while expanding operating margins. The company has not yet published guidance on profitability or free cash flow for 2026. Investors will watch the next two quarters for evidence that AI monetization is not cannibalizing core subscription revenue and that paid-tier migration is holding at current rates.
