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At a conference in February, LinkedIn Chief Financial Officer Steve Sordello said LinkedIn’s goal was to drive this ratio down to 10%.

Mr. Sordello said the change in the forecast would boost profit margins by about one percentage point.

“Overall, stock compensation is an area of focus and we expect to see continued progress towards lowering this expense as a percentage of revenue going forward,” Mr. Sordello said in a statement.

At a conference in February, LinkedIn Chief Financial Officer Steve Sordello said LinkedIn’s goal was to drive this ratio down to 10%, and he’s likely to face more questions on LinkedIn’s strategy to do so while recruiting and retaining talented employees.

Chief Financial Officer Steve Sordello said Thursday blamed some of the expected shortfall on fluctuations in foreign exchange rates.