WDAY (Workday, Inc.) Stock Financials & Earnings | Market Cap Arena

WDAY (Workday, Inc.) Stock Financials & Earnings | Market Cap Arena

WDAYWorkday, Inc.

Mkt Cap$38B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Revenue (TTM)$9.6B

Net Income (TTM)$693M

EPS (TTM)$2.58

Free Cash Flow (TTM)$2.8B

Gross Margin75.7%

Op. Margin8.9%

Net Margin7.3%

FCF Margin29.1%

P/S Ratio (TTM)4.0x

P/E Ratio (TTM)54.9x

YoY Rev Growth+13.1%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 24	$1.7B	$1.3B	-$36M
Q2 24	$1.8B	$1.3B	$36M
Q3 24	$1.9B	$1.4B	$88M
Q4 24	$1.9B	$1.5B	$79M
Q1 25	$2.0B	$1.5B	$64M
Q2 25	$2.1B	$1.6B	$111M
Q3 25	$2.2B	$1.6B	$165M
Q4 25	$2.2B	$1.7B	$75M
Q1 26	$2.2B	$1.7B	$39M
Q2 26	$2.3B	$1.8B	$248M
Q3 26	$2.4B	$1.8B	$259M
Q4 26	$2.5B	$1.9B	$304M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 24	5.9x	—
Q2 24	5.7x	—
Q3 24	5.5x	564.3x
Q4 24	5.3x	27.5x
Q1 25	5.0x	25.6x
Q2 25	4.8x	24.7x
Q3 25	4.7x	23.5x
Q4 25	4.5x	72.3x
Q1 26	4.4x	78.1x
Q2 26	4.2x	65.3x
Q3 26	4.1x	59.3x
Q4 26	4.0x	54.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 24	$277M	$209M
Q2 24	$425M	$362M
Q3 24	$451M	$392M
Q4 24	$996M	$949M
Q1 25	$372M	$291M
Q2 25	$571M	$516M
Q3 25	$406M	$357M
Q4 25	$1.1B	$1.0B
Q1 26	$457M	$421M
Q2 26	$616M	$588M
Q3 26	$588M	$550M
Q4 26	$1.3B	$1.2B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 24	$68M
Q2 24	$64M
Q3 24	$59M
Q4 24	$47M
Q1 25	$81M
Q2 25	$55M
Q3 25	$49M
Q4 25	$86M
Q1 26	$36M
Q2 26	$28M
Q3 26	$38M
Q4 26	$60M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+16.3%	+13.0%
Q2 24	+16.4%	+11.5%
Q3 24	+16.7%	+9.4%
Q4 24	+16.8%	+6.2%
Q1 25	+19.3%	+13.0%
Q2 25	+16.7%	+12.7%
Q3 25	+15.8%	+12.2%
Q4 25	+15.0%	+15.9%
Q1 26	+12.6%	+14.3%
Q2 26	+12.6%	+6.4%
Q3 26	+12.6%	+8.9%
Q4 26	+14.5%	+4.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 24	$369M	22.1%
Q2 24	$352M	19.7%
Q3 24	$349M	18.7%
Q4 24	$345M	18.0%
Q1 25	$385M	19.3%
Q2 25	$370M	17.7%
Q3 25	$368M	17.0%
Q4 25	$397M	18.0%
Q1 26	$459M	20.5%
Q2 26	$392M	16.7%
Q3 26	$376M	15.5%
Q4 26	$399M	15.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 24	$600M	$168M	$519M
Q2 24	$610M	$169M	$524M
Q3 24	$619M	$176M	$538M
Q4 24	$635M	$190M	$558M
Q1 25	$656M	$200M	$573M
Q2 25	$649M	$202M	$611M
Q3 25	$647M	$198M	$620M
Q4 25	$674M	$211M	$628M
Q1 26	$663M	$212M	$623M
Q2 26	$660M	$216M	$641M
Q3 26	$666M	$234M	$677M
Q4 26	$691M	$251M	$675M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 24	16.3%	6.3%	22.6
Q2 24	16.4%	10.2%	26.5
Q3 24	16.7%	12.2%	28.9
Q4 24	16.8%	12.4%	29.1
Q1 25	19.3%	11.4%	30.7
Q2 25	16.7%	13.2%	29.9
Q3 25	15.8%	15.6%	31.4
Q4 25	15.0%	10.8%	25.8
Q1 26	12.6%	9.6%	22.2
Q2 26	12.6%	17.6%	30.2
Q3 26	12.6%	18.6%	31.2
Q4 26	14.5%	14.3%	28.8

Revenue Segments

Quarter	Professional Services	Subscription Services
Q1 24	$156M	$1.5B
Q2 24	$163M	$1.6B
Q3 24	$175M	$1.7B
Q4 24	$162M	$1.8B
Q1 25	$175M	$1.8B
Q2 25	$182M	$1.9B
Q3 25	$201M	$2.0B
Q4 25	$170M	$2.0B
Q1 26	$181M	$2.1B

Revenue by Geography

Quarter	Non-US	United States
Q1 24	$420M	$1.3B
Q2 24	$442M	$1.3B
Q3 24	$462M	$1.4B
Q4 24	$478M	$1.4B
Q1 25	$497M	$1.5B
Q2 25	$524M	$1.6B
Q3 25	$537M	$1.6B
Q4 25	$556M	$1.7B
Q1 26	$559M	$1.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 24	$1.4B	$4.9B	$6.3B
Q2 24	$1.4B	$5.2B	$6.7B
Q3 24	$1.6B	$5.3B	$6.9B
Q4 24	$2.0B	$5.8B	$7.8B
Q1 25	$1.8B	$5.4B	$7.2B
Q2 25	$1.6B	$5.7B	$7.4B
Q3 25	$1.3B	$5.8B	$7.2B
Q4 25	$1.5B	$6.5B	$8.0B
Q1 26	$972M	$7.0B	$8.0B
Q2 26	$1.3B	$6.9B	$8.2B
Q3 26	$2.6B	$4.2B	$6.8B
Q4 26	$1.5B	$3.9B	$5.4B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 24	261M	+1.6%
Q2 24	264M	+1.2%
Q3 24	266M	+0.7%
Q4 24	269M	+0.9%
Q1 25	270M	+0.5%
Q2 25	268M	-0.9%
Q3 25	269M	+0.2%
Q4 25	270M	+0.5%
Q1 26	270M	+0.1%
Q2 26	270M	-0.0%
Q3 26	270M	-0.2%
Q4 26	263M	-2.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 15	$210K	4K
FY 16	$222K	5K
FY 17	$239K	7K
FY 18	$261K	8K
FY 19	$269K	11K
FY 20	$297K	12K
FY 21	$345K	13K
FY 22	$338K	15K
FY 23	$351K	18K
FY 24	$386K	19K
FY 25	$414K	20K
FY 26	$468K	20K