Navan Reports Strong Q2 Fiscal 2027 Performance with Revenue and GBV Growth
Navan reported strong performance in the second quarter of fiscal year 2027, driven by robust growth across its platform. Total gross booking value (GBV) from travel bookings increased by 45% year-over-year to over $3 billion, exceeding expectations for both revenue and non-GAAP operating income. The company highlighted strong sales execution through enterprise-led (SLG) and product-led (PLG) growth strategies. SLG achieved its best quarter ever with new signed GBV of $4 billion in the last 12 months, up 60% from Q2 2025. PLG revenue more than doubled year-over-year. Payment volumes reached $1.3 billion, growing by 34%, while subscription revenue hit $21 million, a 39% increase. Navan also noted high customer satisfaction with CSAT at 96 and NPS of 44. The company raised its full-year FY 2025 outlook for the second time due to continued momentum across all business areas.
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