Company file · WDAY
Workday
Workday's revenue rose 13.1% in FY2026, to $9.6B, and net income rose 31.7% to $693M
Revenue rose 13.1% to $9.6B in FY2026, from $8.4B in FY2025. Net income rose 31.7% to $693M. Subscription Services was the largest product or service, at 92% of revenue.
Key facts
Workday (Nasdaq: WDAY) reported revenue of $9.6B for fiscal 2026, the year ended Jan 31, 2026, up 13.1% from fiscal 2025. Net income was $693M, up 31.7%. In its latest 10-Q, for the quarter ended Jul 31, 2026, revenue was $2.6B, up 12.8% from the same quarter a year earlier, and net income was $632M. The largest piece by product or service was Subscription Services, at 92% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Mar 6, 2026) and 10-Q for the quarter ended Jul 31, 2026 (filed Aug 27, 2026).
Source: 10-K FY2026, filed Mar 6, 2026
How it makes money
By product or service, FY2026
Source: 10-K FY2026, XBRL breakdown
By product or service in FY2026: Subscription Services (92%) and Professional Services (8%), as shares of total revenue. Total revenue was $9.6B.
Source: 10-K FY2026
By region, FY2026
Share is of the FY2026 total; the last column is the change from FY2025.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q2 FY2027 (May to Jul 2026) compared with Q2 FY2026 (May to Jul 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q2 FY2027Q2 FY2026
Company
Source: Workday 10-Q for the quarter ended Jul 31, 2026, filed Aug 27, 2026
By product or service
Source: Workday 10-Q for the quarter ended Jul 31, 2026, filed Aug 27, 2026
The bull case and the bear case
The bull case
- Revenue rose 13.1% in FY2026 to $9.6B, from $8.4B a year earlier. 10-K, FY2026
- Net income rose 31.7% in FY2026 to $693M, from $526M. 10-K, FY2026
- Operating cash flow rose 19.4% in FY2026 to $2.9B. 10-K, FY2026
- Revenue in the quarter ended Jul 31, 2026 was $2.6B, up 12.8% on a year earlier. 10-Q, quarter ended Jul 31, 2026
The bear case
- Professional Services revenue fell 1.2% in FY2026 to $719M. 10-K, FY2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition and AI; renewals; security incidents. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Workday is in the application software industry, part of the information technology sector. The SEC files it under Services-Computer Processing & Data Preparation.
The full description of Workday's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.
Its fiscal year ends in January; the latest, FY2026, ended Jan 31, 2026.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the application software industry. They are not a summary of Workday’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Competition and AIRivals, open-source products and shifts such as AI can change which products customers choose.
- RenewalsSubscription revenue depends on customers renewing and expanding.
- Security incidentsA breach or outage can harm customers and its reputation.
- Sales executionGrowth depends on adding customers and selling more to existing ones.
- PricingCustomers may negotiate lower prices or switch to cheaper products.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | $7.3B | $8.4B | $9.6B |
| Net income | $1.4B | $526M | $693M |
| Operating cash flow | $2.1B | $2.5B | $2.9B |
| Cash & equivalents (year end) | $2.0B | $1.5B | $1.5B |
| Total debt (year end) | $3.0B | $3.0B | $3.0B |
| Diluted shares | 265M | 269M | 268M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: The current part of long-term debt plus long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Revenue recognition (ASC 606)
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Commercial paper
- Depreciation, amortization and EBITDA
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
- Workday names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jan 31, 2026.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Aug 27, 2026 | Jul 31, 2026 |
| 10-Q | May 22, 2026 | Apr 30, 2026 |
| DEF 14A | May 5, 2026 | Jun 16, 2026 |
| 10-K | Mar 6, 2026 | Jan 31, 2026 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Workday
How does Workday make money?
Workday's revenue was $9.6B in fiscal 2026. By product or service in FY2026: Subscription Services (92%) and Professional Services (8%), as shares of total revenue. Total revenue was $9.6B. Source: 10-K for fiscal 2026, filed Mar 6, 2026.
What was Workday's revenue in fiscal 2026?
$9.6B of revenue for the fiscal year ended Jan 31, 2026, up 13.1% from $8.4B in fiscal 2025. Fiscal 2024 was $7.3B. Source: 10-K for fiscal 2026, filed Mar 6, 2026.
Is Workday profitable?
Workday reported net income of $693M for fiscal 2026, up 31.7% from $526M in fiscal 2025. That is a profit under US accounting rules (GAAP). In the quarter ended Jul 31, 2026, net income was $632M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Mar 6, 2026.
What did Workday report in its latest quarterly filing?
Revenue was $2.6B in the quarter ended Jul 31, 2026, up 12.8% from $2.3B a year earlier. Net income was $632M, up 177.2% from $228M. Source: 10-Q for the quarter ended Jul 31, 2026, filed Aug 27, 2026.
How much cash and debt does Workday have?
Workday had $661M in cash and cash equivalents and $3.0B of total debt on Jul 31, 2026. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Aug 27, 2026.
What are the main risks Workday faces?
Workday's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Mar 6, 2026. Risks that are common among companies in the application software industry include Competition and AI; renewals; security incidents; sales execution; pricing. The first: Rivals, open-source products and shifts such as AI can change which products customers choose. Source: 10-K, Item 1A Risk Factors.
Where do these Workday numbers come from?
From Workday's own SEC filings: the 10-K for fiscal 2026 (filed Mar 6, 2026) and the 10-Q for the quarter ended Jul 31, 2026 (filed Aug 27, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Workday
- Baillie Gifford: 714,905 shares, reported value $136.2M at Sep 30, 2026 (−40.4% in shares since the filing for Jun 30, 2026). Form 13F filed Nov 9, 2026.
- Citadel Advisors: 539,136 shares, reported value $66.0M at Jun 30, 2026 (+60.0% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Renaissance Technologies: 206,300 shares, reported value $25.3M at Jun 30, 2026 (−64.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Two Sigma Investments: 140,173 shares, reported value $17.2M at Jun 30, 2026 (−45.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Bridgewater Associates: 21,774 shares, reported value $2.7M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- GQG Partners: 15,242 shares, reported value $1.9M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 12, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in WDAY
- The editor holds no position in Workday (WDAY). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell WDAY from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 5, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold WDAY, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| WorkdayWDAY | FY2026 | $9.6B | +13.1% | $693M |
| PalantirPLTR | FY2025 | $4.5B | +56.2% | $1.6B |
| OracleORCL | FY2026 | $67.4B | +17.3% | $17.1B |
| SalesforceCRM | FY2026 | $41.5B | +9.6% | $7.5B |
| DatadogDDOG | FY2025 | $3.4B | +27.7% | $108M |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.