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Workday, Inc.

WDAY Technology Software Application

Workday, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $9.6 billion, up 13.1% from fiscal 2025. In the quarter to July 2026, revenue grew 12.8%, EPS grew 200.0%, free cash flow fell 21.8% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for ten.

197.71 2.25 +1.15%
Market cap
$47.1B
P/E
39.9×
Fwd P/E
36.8×
Dividend yield
—
F-score
8/9
Altman Z
3.48
Beneish M
−2.78
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings
Impairment
All filings →

Insider Decisions trades per month

Total sells 552.43
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 4 8 — 8 6 — 8 6 — 6 4
Insider Ownership 20.89%

Capital & Financial Ratios $m

Market Cap 47,110.00
Revenue 10,155.00
Net Income 1,251.00
Free Cash Flow 2,844.00
Net Debt (414.00)
Current Ratio 0.91 (below 1: weak)
Debt/Equity 0.46 (at or below 0.5: strong)
P/E ratio 39.86 (above 35: high)
Fwd P/E 36.80 (above 35: high)
P/S ratio 4.77
P/B ratio 7.50 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 20.13% (at or above 15%: strong)
Next Y EPS Growth 19.51% (at or above 15%: strong)
Next Y revenue growth 11.67% (at or above 10%: strong)
Next 5Y EPS Growth 18.95% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.7×, against a ten-year median of 10.0×; over the ten years it ranged from 3.0× in 2026 to 15.0× in 2021.
P/E against its own 10 years 14.12%
10-year low 10-year high
P/S against its own 10 years 6.28%
10-year low 10-year high
P/B against its own 10 years 18.51%
10-year low 10-year high
EV/Sales against its own 10 years 6.39%
10-year low 10-year high
EV/FCF against its own 10 years 6.39%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 7,813 8,017 5,443 3,403
Receivables 1,639 1,950 2,332 1,895
Inventory — — — —
Other — — — —
9,939 10,545 8,429 5,969
2024 2025 2026 Q'26
Payables 78 108 142 102
ST’ Debt — — — 999
Other — — — —
5,055 5,548 6,378 6,573

Compound Annual Growth %

10y 5y 3y
Sales 23.51% 17.21% 15.40%
Cash Flow 27.51% 18.30% 21.05%
Earnings 0.00% 0.00% 0.00%
Book Value 21.25% 18.95% 11.80%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY27 Estimate 2.62 Actual 2.75

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 2.13 2.32 Beat by 0.19
Q4 FY26 2.30 2.47 Beat by 0.17
Q1 FY27 2.49 2.66 Beat by 0.17
Q2 FY27 2.62 2.75 Beat by 0.13
Q3 FY27 2.74 — Reports 24 November 2026

EPS $

Apr Jul Oct Jan Year
’26 0.87 2.57 — — —
’26 0.25 0.84 0.94 0.55 2.59
’25 0.40 0.49 0.72 0.35 1.95
’24 0.00 0.30 0.43 4.42 5.21
’23 (0.41) (0.25) (0.29) (0.49) (1.44)
’22 (0.19) 0.41 0.17 (0.29) 0.12
’21 (0.68) (0.12) (0.10) (0.30) (1.19)
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 2,542 2,649 — — —
’26 2,240 2,348 2,432 2,532 9,552
’25 1,990 2,085 2,160 2,211 8,446
’24 1,684 1,787 1,866 1,922 7,259
’23 1,435 1,536 1,599 1,646 6,216
’22 1,175 1,260 1,327 1,376 5,139
’21 1,018 1,062 1,106 1,132 4,318
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 696 519 — — —
’26 457 616 588 1,278 2,939
’25 372 571 406 1,112 2,461
’24 277 426 450 996 2,149
’23 440 114 409 694 1,657
’22 452 198 385 615 1,651
’21 264 157 294 554 1,268
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 616 460 — — —
’26 421 588 550 1,218 2,777
’25 291 516 356 1,026 2,189
’24 209 361 390 947 1,907
’23 381 (54) 349 616 1,292
’22 383 111 351 534 1,379
’21 204 91 216 502 1,012
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Price, $
Price, $ Low 66.75 100.24 151.06 107.75 217.60 128.72 157.85 199.81 205.33 110.36 +5.7% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 116.89 172.67 226.83 259.01 307.81 272.50 279.83 311.28 283.68 227.49 +7.7% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 6,600 8,200 10,500 12,200 12,500 15,200 17,744 18,800 20,400 21,070 +13.8% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.24 0.26 0.27 0.30 0.35 0.34 0.35 0.39 0.41 0.45 +7.4% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 1,574 2,143 2,822 3,627 4,318 5,139 6,216 7,259 8,446 9,552 +22.2% 10,667 11,781 13,026 +10.9%
Gross margin, % 69.29 70.63 70.41 70.63 72.25 72.21 72.49 75.60 75.50 75.70 +6.4 pt
EBT (386) (315) (424) (482) (275) 16 (260) 356 638 1,009 n/m
EBT margin, % (24.49) (14.69) (15.02) (13.30) (6.37) 0.31 (4.18) 4.90 7.55 10.56 +35.1 pt
Net income (385) (321) (418) (481) (282) 29 (367) 1,381 526 693 n/m
Depreciation 178 237 329 421 460 486 539 495 577 639 +15.3%
Per share, $
Per share, $ Revenue 7.94 10.31 13.02 15.97 18.22 20.78 24.39 27.78 31.84 36.03 +18.3%
Earnings (2.06) (1.55) (1.93) (2.12) (1.19) 0.12 (1.44) 5.28 1.98 2.61 n/m
Cash flow 1.77 2.24 2.80 3.81 5.35 6.68 6.50 8.22 9.28 11.09 +22.6%
Capex (0.61) (0.73) (0.98) (1.08) (1.08) (1.10) (1.43) (0.93) (1.03) (0.61) 0.0%
Free cash flow 1.16 1.51 1.82 2.73 4.27 5.58 5.07 7.30 8.25 10.48 +27.7%
Book value 6.44 7.61 9.03 10.95 13.83 18.34 21.92 30.92 34.06 29.44 +18.4%
Shares, m 198 208 217 227 237 247 255 261 265 265 +3.3%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 2,108.42 0.00 55.44 132.35 66.18 236.2
P/S 10.46 11.62 13.94 11.56 12.99 12.17 7.44 10.48 8.23 4.81 10.4
P/B 12.90 15.76 20.09 16.87 17.12 13.79 8.28 9.41 7.69 5.89 12.8
EV/Sales 9.53 10.79 13.74 11.38 12.59 11.82 6.95 9.83 7.65 4.57 9.9
EV/FCF 65.30 77.58 101.33 67.69 54.26 44.18 33.42 37.41 29.50 15.72 52.6
Cash, $m
Cash, $m Operating cash flow 351 466 607 865 1,268 1,651 1,657 2,149 2,461 2,939 +26.6%
Capex (121) (153) (213) (245) (256) (272) (365) (242) (272) (162) +3.3%
Free cash flow 230 313 394 620 1,012 1,379 1,292 1,907 2,189 2,777 +31.9%
Balance, $m
Balance, $m Working capital 1,239 1,898 270 125 519 146 3,480 4,884 4,997 2,051 +5.8%
Total debt 534 1,491 1,205 1,262 1,795 1,840 2,976 2,980 2,984 2,987 +21.1%
Net debt (1,462) (1,776) (574) (682) (1,741) (1,804) (3,145) (4,833) (5,033) (2,456) +5.9%
Shareholders’ equity 1,277 1,580 1,958 2,487 3,278 4,535 5,585 8,082 9,034 7,805 +22.3%
Returns, %
Returns, % ROA (12.83) (7.82) (7.99) (7.79) (3.64) 0.30 (3.06) 9.23 3.06 3.84 +16.7 pt
ROIC 0.00 0.00 (20.91) (17.40) (10.11) (2.65) (5.69) 3.52 6.48 8.42 +8.4 pt
ROE (31.89) (22.49) (23.64) (21.63) (9.80) 0.74 (7.25) 20.21 6.15 8.23 +40.1 pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by products and services, and margins
Subscription services 8,833 92.47%
Costs of professional services 719 7.53%
Gross margin 75.70%
Operating margin 7.55%
Pre-tax margin 10.56%

Revenue by segment since 2012

Workday, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
INTU Intuit Inc. $88.5B 20.7× 16.9× +13.65% (above 0%: growing) −1.47% (below 0%: shrinking) +253.37% (above 0%: growing) 78.11% 10.91% Compare
MSTR Strategy Inc $59.8B — (loss-making) — (loss-making) +6.88% (above 0%: growing) n/m +6.40% (above 0%: growing) 66.64% (6,808.11%) Compare
TEAM Atlassian Corporation PLC $51.4B — (loss-making) 228× +27.60% (above 0%: growing) n/m +31.74% (above 0%: growing) 86.50% 11.93% Compare
ADSK Autodesk, Inc. $50.5B 32.1× 29.7× +16.05% (above 0%: growing) +59.18% (above 0%: growing) +24.77% (above 0%: growing) 91.40% 29.28% Compare
WDAY Workday, Inc. $47.1B 39.9× 36.8× +12.82% (above 0%: growing) +200.00% (above 0%: growing) −21.77% (below 0%: shrinking) 75.39% 11.82%
ROP Roper Technologies, Inc. $44.5B 19.2× 17.0× +8.50% (above 0%: growing) +230.68% (above 0%: growing) +18.70% (above 0%: growing) 69.71% 27.73% Compare
PAYX Paychex, Inc. $38.9B 22.2× 21.5× +5.88% (above 0%: growing) +13.08% (above 0%: growing) −46.05% (below 0%: shrinking) 73.62% 37.98% Compare
BSP Bending Spoons S.p.A. $29.7B 167× 66.8× — — — 65.84% 34.12% Compare
ZM Zoom Communications, Inc. $28.5B 8.6× 11.5× +4.93% (above 0%: growing) +342.86% (above 0%: growing) −7.02% (below 0%: shrinking) 77.16% 24.61% Compare
Median of peers $47.5B 21.4× 21.5× +8.50% +59.18% +18.70% 75.39% 26.17%

All 230 Software Application stocks →

Business profile

Updated

Workday is an enterprise AI platform for managing people, money, and agents. Founded in 2005 and headquartered in Pleasanton, it sells cloud-based software to organizations that want to run human-resources, finance, spending, and planning work on a shared platform.

Its human-capital-management applications cover the employee lifecycle, including recruiting, onboarding, pay, development, retention, reskilling, and employee feedback. Its financial-management applications support processes including payables, receivables, consolidation, financial close, controls, and reporting. Spend-management tools support supplier selection, contracts, sourcing, indirect spending, and employee expenses. Planning tools model finance, workforce, sales, and operational scenarios.

From the latest earnings call

Updated

  • Aneel Bhusri said AI products generated more than $100 million of new ACV in Q2 and accounted for more than 25% of all new ACV closed.
  • Zane C. Rowe said Workday’s FY2028 subscription-revenue growth target is approximately 11%, while non-GAAP operating margin is expected to expand by at least 2 percentage points.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Needham Oct 2, 2026 Target raised Buy 230.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 87.64%
Held by the ten largest 49.53%
Holder Shares Stake Change
Vanguard 26.55m 10.75% −1.12m
BlackRock 21.13m 8.55% +1.05m
First Eagle Investment Management, LLC 17.65m 7.15% +10.04m
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 12.68m 5.13% +2.02m
EAGLE CAPITAL MANAGEMENT LLC 11.32m 4.58% +2.62m
State Street 9.57m 3.87% +33.83k
Invesco 8.14m 3.30% +393.01k
Geode Capital Management 5.90m 2.39% +741.86k
UBS 4.78m 1.93% +36.07k
Goldman Sachs 4.62m 1.87% +678.63k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Workday, Inc. (WDAY) Latest News

29 Oct

Impact 3 ·

28 Oct

Impact 3 ·

27 Oct

Impact 3 ·

26 Oct

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23 Oct

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21 Oct

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20 Oct

Impact 3 ·
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19 Oct

Impact 4 ·
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18 Oct

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16 Oct

Impact 4 ·
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15 Oct

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14 Oct

Impact 4 ·
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13 Oct

Impact 4 ·
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WDAY metrics, ten years each

stockrow.com/WDAY · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com