Workday Inc Class A Common Stock (WDAY) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$2.61	$2.75	+5.4%	—	$2.6B	—
Q1 27	$2.52	$2.66	+5.6%	—	$2.5B	—
Q4 26	$2.32	$2.47	+6.5%	—	$2.5B	—
Q3 26	$2.17	$2.32	+6.9%	—	$2.4B	—
Q2 26	$2.12	$2.21	+4.2%	—	$2.3B	—
Q1 26	$2.01	$2.23	+10.9%	—	$2.2B	—
Q4 25	$1.78	$1.92	+7.9%	—	$2.2B	—
Q3 25	$1.76	$1.89	+7.4%	—	$2.2B	—
Q2 25	$1.65	$1.75	+6.1%	—	$2.1B	—
Q1 25	$1.58	$1.74	+10.1%	—	$2B	—
Q4 24	$1.47	$1.57	+6.8%	—	$1.9B	—
Q3 24	$1.41	$1.53	+8.5%	—	$1.9B	—
Q2 24	$1.26	$1.43	+13.5%	—	$1.8B	—
Q1 24	$1.12	$1.31	+17.0%	—	$1.7B	—
Q4 23	$0.91	$0.99	+8.8%	—	$1.6B	—
Q3 23	$0.84	$0.99	+17.9%	—	$1.6B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$2.61	—	—	$9.6B	—
FY25	—	$1.98	—	—	$8.4B	—
FY24	—	$5.28	—	—	$7.3B	—
FY23	—	-$1.44	—	—	$6.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.6B	$2.1B	$2.8B	$3.6B	$4.3B	$5.1B	$6.2B	$7.3B	$8.4B	$9.6B
YoY change	+36.1%	+36.1%	+31.7%	+28.5%	+19%	+19%	+21%	+16.8%	+16.4%	+13.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.6B	2.1B	2.8B	3.6B	4.3B	5.1B	6.2B	7.3B	8.4B	9.6B
Cost of revenue	483.5M	629.4M	835M	1.1B	1.2B	1.4B	1.7B	1.8B	2.1B	2.3B
Gross profit	1.1B	1.5B	2B	2.6B	3.1B	3.7B	4.5B	5.5B	6.4B	7.2B
Gross margin	69.3%	70.6%	70.4%	70.6%	72.3%	72.2%	72.4%	75.6%	75.5%	75.7%
Research & development	680.5M	910.6M	1.2B	1.5B	1.7B	1.9B	2.3B	2.5B	2.6B	2.7B
Selling, general & administrative	763.5M	906.3M	1.2B	1.5B	1.6B	1.9B	2.5B	2.8B	3.3B	3.5B
Operating expenses	1.4B	1.8B	2.5B	3.1B	3.4B	3.8B	4.7B	5.3B	5.9B	6.2B
Operating income	-353.1M	-303.2M	-463.3M	-502.2M	-248.6M	-116M	-222M	183M	499M	1B
Operating margin	-22.4%	-14.1%	-16.4%	-13.8%	-5.76%	-2.26%	-3.57%	2.52%	5.91%	10.7%
Non-operating income, net	-13.6M	7.7M	57.3M	37.2M	23.5M	144M	-33M	-14M	-97M	-219M
Pretax income	-385.5M	-314.8M	-423.8M	-482.4M	-275.1M	16M	-260M	356M	638M	1B
Income tax	-814K	6.4M	-5.5M	-1.8M	7.3M	-13M	107M	-1B	112M	316M
Net income	-384.7M	-321.2M	-418.3M	-480.7M	-282.4M	29M	-367M	1.4B	526M	693M
Net margin	-24.4%	-15%	-14.8%	-13.3%	-6.54%	0.56%	-5.9%	19%	6.23%	7.26%
EBITDA	-249.6M	-134.5M	-165.4M	-147.5M	87.3M	377M	206M	752M	1.2B	1.8B
EPS	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.28	1.98	2.61
Diluted EPS	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.21	1.95	2.59

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	1.9B	1.9B	2B	2.1B	2.2B	2.2B	2.2B	2.3B	2.4B	2.5B	2.5B	2.6B
Cost of revenue	445M	460.2M	489M	511M	530M	539M	537M	582M	591M	611M	604M	652M
Gross profit	1.4B	1.5B	1.5B	1.6B	1.6B	1.7B	1.7B	1.8B	1.8B	1.9B	1.9B	2B
Gross margin	76.2%	76.1%	75.4%	75.5%	75.5%	75.6%	76%	75.2%	75.7%	75.9%	76.2%	75.4%
Research & development	619M	635.1M	656M	649M	647M	674M	663M	660M	666M	691M	705M	747M
Selling, general & administrative	714M	748.2M	781M	814M	818M	839M	835M	857M	911M	925M	895M	937M
Operating expenses	1.3B	1.4B	1.4B	1.5B	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B	1.7B
Operating income	88M	78.7M	64M	111M	165M	159M	205M	249M	264M	305M	338M	313M
Operating margin	4.72%	4.09%	3.22%	5.32%	7.64%	7.19%	9.15%	10.6%	10.9%	12%	13.3%	11.8%
Non-operating income, net	-10M	999K	-5M	-3M	5M	-94M	-166M	-4M	19M	-68M	-9M	2M
Pretax income	129M	138M	123M	168M	227M	120M	103M	304M	338M	264M	355M	327M
Income tax	15M	-1.1B	16M	36M	34M	26M	35M	76M	86M	119M	133M	-305M
Net income	114M	1.2B	107M	132M	193M	94M	68M	228M	252M	145M	222M	632M
Net margin	6.11%	61.8%	5.38%	6.33%	8.94%	4.25%	3.04%	9.71%	10.4%	5.73%	8.73%	23.9%
EBITDA	227M	237.9M	227M	275M	337M	239M	382M	415M	457M	520M	473M	446M
EPS	0.43	4.52	0.4	0.5	0.73	0.35	0.25	0.86	0.95	0.56	0.87	2.58
Diluted EPS	0.43	4.42	0.4	0.49	0.72	0.35	0.25	0.84	0.94	0.55	0.87	2.57

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	16.5B	24.9B	39.4B	41.9B	53.9B	62.6B	46.2B	76.1B	69.5B	46.6B	45.5B
Enterprise value	15B	23.1B	38.8B	41.6B	52.6B	61B	43.4B	71.6B	64.9B	44.9B	46B
Shares outstanding	198.2M	207.8M	216.8M	227.2M	237M	247.2M	254.8M	261.3M	265.3M	265.1M	265.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	—	—	—	—	—	2.2K	—	55.1	132.2	67.2	38.6
P/S	10.5	11.6	13.9	11.6	12.5	12.2	7.44	10.5	8.23	4.87	4.5
P/B	12.9	15.8	20.1	16.9	16.5	13.8	8.28	9.41	7.69	5.97	7.06
EV/EBITDA	-60.1	-172	-234.4	-281.9	602.7	161.8	210.5	95.1	55.8	25.3	29
EV/Sales	9.53	10.8	13.7	11.5	12.2	11.9	6.98	9.86	7.68	4.7	4.53
Earnings yield	—	—	—	—	—	0.05%	—	1.82%	0.76%	1.49%	2.59%
FCF yield	1.4%	1.26%	1%	1.48%	1.88%	2.2%	2.8%	2.51%	3.15%	5.96%	6.7%
PEG	—	—	—	—	—	—	—	—	—	—	0.19

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	69.3%	70.6%	70.4%	70.6%	72.3%	72.2%	72.4%	75.6%	75.5%	75.7%	75.4%
Operating margin	-22.4%	-14.1%	-16.4%	-13.8%	-5.76%	-2.26%	-3.57%	2.52%	5.91%	10.7%	11.8%
Net margin	-24.4%	-15%	-14.8%	-13.3%	-6.54%	0.56%	-5.9%	19%	6.23%	7.26%	12.3%
ROE	-30.1%	-20.3%	-21.4%	-19.3%	-8.62%	0.64%	-6.57%	17.1%	5.82%	8.88%	16%
ROA	-11.8%	-6.49%	-7.58%	-7.05%	-3.24%	0.28%	-2.72%	8.39%	2.93%	3.83%	4.51%
ROIC	190.1%	154.6%	-33.5%	-23.8%	-12.6%	-3.87%	-8.18%	5.13%	9.39%	11.4%	17.4%
Return on tangible assets	-13.5%	-7.08%	-20%	-19%	-6.21%	0.73%	-5.13%	13.5%	5.13%	11.2%	30.2%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.96	1.92	1.11	1.04	1.12	1.03	1.75	1.97	1.9	1.32	0.91
Quick ratio	1.96	1.92	1.11	1.04	1.12	1.03	1.75	1.97	1.9	1.32	0.91
Debt / equity	0.42	0.94	0.62	0.63	0.68	0.46	0.58	0.41	0.37	0.49	0.58
Debt / assets	0.16	0.3	0.22	0.23	0.26	0.2	0.24	0.2	0.19	0.21	0.24
Net debt / EBITDA	5.86	13.2	3.47	2.54	-14.9	-4.09	-13.9	-6.01	-4.01	-0.91	0.19
Interest coverage	-11.8	-6.07	-6.04	-7.22	-3	1.94	-1.55	4.12	6.6	9.85	12.6
Effective tax rate	0%	0%	0%	0%	0%	0%	0%	0%	17.6%	31.3%	2.57%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	7.94	10.3	13	16	18.2	20.8	24.4	27.8	31.8	36	39.6
EPS (basic)	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.28	1.98	2.61	2.61
EPS (diluted)	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.21	1.95	2.59	4.91
Book value per share	6.44	7.61	9.03	10.9	13.8	18.3	21.9	30.9	34.1	29.4	26.8
FCF per share	1.16	1.51	1.82	2.73	4.27	5.58	5.09	7.31	8.25	10.5	11.5
Cash per share	10.1	15.7	8.2	8.56	14.9	14.7	24	29.9	30.2	20.5	14.1
Capex per share	—	—	—	—	—	—	—	—	—	0.61	0.96

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	1.7%	2.33%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	5.51%	7.69%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$1.9B	$1.9B	$2B	$2.1B	$2.2B	$2.2B	$2.2B	$2.3B	$2.4B	$2.5B	$2.5B	$2.6B
YoY change	+16.7%	+16.8%	+18.2%	+16.7%	+15.8%	+15%	+12.6%	+12.6%	+12.6%	+14.5%	+13.5%	+12.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	2B	3.3B	1.8B	1.9B	3.5B	3.6B	6.1B	7.8B	8B	5.4B
Receivables	409.8M	528.2M	704.7M	877.6M	1B	1.2B	1.6B	1.6B	1.9B	2.3B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	2.5B	4B	2.7B	3.1B	4.8B	5.2B	8.1B	9.9B	10.5B	8.4B
Property, plant & equipment	250.6M	291.5M	363M	738.1M	891.9M	679M	730M	797M	823M	1.1B
Goodwill & intangibles	418.5M	409.7M	3.4B	4.3B	4.2B	6.5B	6.3B	6.2B	7.7B	11.9B
Total assets	3.3B	4.9B	5.5B	6.8B	8.7B	10.5B	13.5B	16.5B	18B	18.1B
Accounts payable	26.8M	21M	29.1M	57.6M	75.6M	55.5M	154M	78M	108M	142M
Short-term debt	—	341.5M	232.5M	310.5M	1.2B	1.3B	91M	89M	99M	130M
Total current liabilities	1.3B	2.1B	2.4B	3B	4.3B	5.1B	4.6B	5.1B	5.5B	6.4B
Long-term debt	534.4M	1.1B	972.3M	1.3B	1B	799.8M	3.2B	3.2B	3.3B	3.7B
Total liabilities	2B	3.4B	3.6B	4.3B	5.4B	6B	7.9B	8.4B	8.9B	10.3B
Shareholders' equity	1.3B	1.6B	2B	2.5B	3.3B	4.5B	5.6B	8.1B	9B	7.8B
Total debt	534.4M	1.5B	1.2B	1.6B	2.2B	2.1B	3.2B	3.3B	3.4B	3.8B
Net debt	-5.5M	357M	566.2M	838.7M	853.9M	568.5M	1.4B	1.3B	1.8B	2.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	6.9B	7.8B	7.2B	7.4B	7.2B	8B	8B	8.2B	6.8B	5.4B	4.4B	3.4B
Receivables	1.2B	1.6B	1.1B	1.3B	1.4B	1.9B	1.4B	1.6B	1.8B	2.3B	1.6B	1.9B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	8.6B	9.9B	8.9B	9.2B	9.1B	10.5B	10B	10.4B	9.2B	8.4B	6.6B	6B
Property, plant & equipment	749.4M	797M	838M	871M	858M	823M	827M	1.2B	1.2B	1.1B	1.1B	1.1B
Goodwill & intangibles	6.2B	6.2B	7.3B	7.2B	7.8B	7.7B	7.7B	7.6B	9.7B	11.9B	11.8B	11.7B
Total assets	13.9B	16.5B	15.9B	16.2B	16.4B	18B	17.2B	18B	17.8B	18.1B	16.1B	15.9B
Accounts payable	79.3M	78M	76M	87M	74M	108M	92M	100M	103M	142M	116M	102M
Short-term debt	98.3M	89M	95M	98M	102M	99M	98M	110M	117M	130M	1.1B	1.1B
Total current liabilities	4B	5.1B	4.4B	4.5B	4.4B	5.5B	4.8B	4.9B	5B	6.4B	6.5B	6.6B
Long-term debt	3.2B	3.2B	3.2B	3.3B	3.3B	3.3B	3.3B	3.7B	3.7B	3.7B	2.7B	2.6B
Total liabilities	7.3B	8.4B	7.8B	7.9B	7.8B	8.9B	8.3B	8.8B	8.9B	10.3B	9.4B	9.4B
Shareholders' equity	6.6B	8.1B	8.2B	8.3B	8.6B	9B	8.9B	9.2B	8.9B	7.8B	6.7B	6.5B
Total debt	3.3B	3.3B	3.3B	3.4B	3.4B	3.4B	3.4B	3.8B	3.8B	3.8B	3.8B	3.8B
Net debt	1.7B	1.3B	1.6B	1.7B	2.1B	1.8B	2.4B	2.5B	1.2B	2.3B	3.2B	3.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	-384.7M	-321.2M	-418.3M	-480.7M	-282.4M	29M	-367M	1.4B	526M	693M
Depreciation & amortization	105.8M	135.7M	198.1M	276.3M	293.7M	344M	364M	282M	326M	347M
Stock-based compensation	372.3M	478.4M	652.5M	859.6M	1B	1.1B	1.3B	1.4B	1.5B	1.6B
Change in working capital	155.3M	101.2M	57.8M	50M	-19.7M	92M	-74M	-8M	-227M	-289M
Operating cash flow	344.1M	487.2M	568.1M	886.1M	1.3B	1.8B	1.5B	2.3B	2.5B	2.9B
Capital expenditure	—	—	—	—	—	—	—	—	—	-162M
Investing cash flow	58.9M	-701.6M	-448.6M	-553.1M	-979.2M	-1.2B	-2.1B	-1.5B	-1.5B	333M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	—	—	—	0	0	-75M	-423M	-700M	-2.9B
Financing cash flow	1.6M	956.4M	-350.3M	-549K	476.4M	-38.5M	1.1B	-423M	-1.3B	-3.5B
Net change in cash	404.6M	742M	-230.8M	332.5M	748.6M	575.5M	457M	373M	-296M	-239M
Free cash flow	229.8M	313.2M	393.7M	620.1M	1B	1.4B	1.3B	1.9B	2.2B	2.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	114M	1.2B	107M	132M	193M	94M	68M	228M	252M	145M	222M	632M
Depreciation & amortization	69M	71.5M	75M	79M	81M	91M	84M	81M	85M	97M	92M	91M
Stock-based compensation	349M	345.4M	385M	370M	368M	397M	459M	392M	376M	399M	409M	462M
Change in working capital	-159M	285M	-46M	-222M	-312M	354M	-126M	-318M	-258M	413M	-4M	-405M
Operating cash flow	441M	2B	612M	482M	417M	1B	645M	616M	588M	1.3B	696M	519M
Capital expenditure	—	—	—	—	—	—	—	-28M	-38M	-60M	-80M	-59M
Investing cash flow	-111M	-433M	-177M	-291M	-401M	-641M	-487M	13M	1.7B	-865M	97M	946M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-145M	-139.7M	-128M	-312M	-158M	-103M	-290M	-299M	-802M	-1.5B	-1.6B	-1.3B
Financing cash flow	-150M	-139.7M	-367M	-453M	-282M	-234M	-501M	-460M	-925M	-1.6B	-1.7B	-1.5B
Net change in cash	180M	1.4B	68M	-262M	-266M	162M	-343M	169M	1.4B	-1.2B	-940M	1M
Free cash flow	390M	948.9M	291M	516M	357M	1B	421M	588M	550M	1.2B	616M	460M

Workday Inc Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement