WDAYWorkday, Inc.

Technology · Data Processing · Nasdaq

Workday is the enterprise AI platform for managing people, money, and agents. 10-K, Item 1

Headquarters: Pleasanton, CA
CEO: Aneel Bhusri
Next results: around Nov 24, 2026

All key numbers (36, from the latest 10-K and 10-Q) From EDGAR

EPS (ttm)	4.91	Sales (ttm)	10.2B	Net income (ttm)	1.3B	Sales growth	+13.1%	EPS growth	+32.8%	Sales Q/Q	+12.8%
Free cash flow	2.8B	Gross margin	-	Oper. margin	10.7%	Net margin	12.3%	FCF margin	28.0%	ROE	19.4%
ROA	7.9%	R&D / sales	28.0%	Dividend	-	Debt/Eq	0.46	Curr. ratio	0.91	Cash	661.0M
Op. cash flow (ttm)	3.1B	EBITDA	958.0M	EBITDA margin	10.0%	Net debt	2.3B	Quick ratio	0.91	Interest cover	6.32
ROIC	5.2%	Tax rate	31.3%	Stock pay / sales	17.0%	Shares out.	246.3M	Shares Y/Y	-0.4%	Book / share	26.23
Cash / share	2.68	Sales / share	41.23	Asset turnover	0.64	Days sales out.	89	Sales 3Y CAGR	+15.4%	Sales 5Y CAGR	+17.2%

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2026 against FY2025

Free cash flow rose 27%$2.2B → $2.8B · Cash from operations − capital expenditure · 10-K ↗
Operating margin widened to 7.5%4.9% → 7.5% · Operating income / revenue · 10-K ↗

What management wrote about it → · Every company →

WDAY against Technology peers

Ten years, side by side → · All 75 →

WDAYPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 75 companies, the better end on the right. Hover a dot for the company.

Sales growth

+13.1%43rd of 75 · median +14.1%

Net margin

12.3%49th of 75 · median 19.1%

Return on equity

19.4%39th of 69 · median 23.9%

Free cash flow margin

28.0%30th of 71 · median 22.3%

Debt / equity (less is better)

0.4631st of 61 · median 0.46

WDAY and the 5 peers closest in revenue
Company	Revenue (ttm)	Sales growth	Gross margin	Net margin	ROE	FCF margin	Debt / equity
WDAY Workday, Inc.	$10.2B	+13.1%	-	12.3%	19.4%	28.0%	0.46
ANET Arista Networks	$11.9B	+28.6%	62.9%	40.0%	28.9%	42.2%	-
PANW Palo Alto Networks	$11.5B	+24.5%	70.4%	2.7%	1.1%	35.8%	-
MRVL Marvell Technology	$9.5B	+42.1%	52.2%	27.9%	14.2%	18.3%	0.27
SNPS Synopsys	$9.4B	+15.1%	72.4%	11.4%	3.5%	29.2%	0.32
ROP Roper Technologies	$8.4B	+12.3%	69.7%	30.7%	13.5%	-	0.51

Profitability

1 of 3

!
Net margin below the peer median12.3% vs 19.1%
✓
Return on equity above 15%19.4%
!
A profit in 4 of 10 years

Net margin, FY2017 to FY2026: -24.4% → 7.3%

Balance sheet

3 of 4

✓
Interest covered more than 5 timesOperating income is 6.3× interest expense
✓
Debt smaller than equityDebt / equity 0.46 on the latest balance sheet (peer median 0.46)
!
Current ratio below 1Current ratio 0.91
✓
More cash than debtNet cash $1.6B

Debt / equity at each year end, FY2017 to FY2026: 0.51 → 0.38

What the debt is made of ↓

Cash and shareholders

2 of 3

✓
Free cash flow positive in every one of 7 years$2.8B last year
!
Share count up over 5 years+13.1%
✓
Cash from operations above net income$2.9B vs $693.0M

Free cash flow, FY2017 to FY2026: 229.8M → 2.8B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Jul 31, 2026

The debt note's own lines, 2026-01-31

Line, as the company names it	Kind	Rate	Fixed or floating	Amount
Senior Notes	Total of the lines	–	not stated	$3.0B
2032 Notes	Notes and bonds	–	not stated	$1.2B
2027 Notes	Notes and bonds	–	not stated	$1.0B
2029 Notes	Notes and bonds	–	not stated	$750.0M

From the debt note in the 10-K's XBRL (0001327811-26-000014), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2017 to FY2026

Revenue 9.6B Net income 693.0M

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

Where the $9.6B of revenue came from

by product, year to Jan 31, 2026

Costs of subscription services $8.8B · 92%
Professional services $719.0M · 8%

From the segment tables in the 10-K XBRL. Revenue by segment, product and region →

WDAY's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly

Revenue9.6B

Net income693.0M

Free cash flow2.8B

EPS (diluted)2.59

Diluted shares268.1M

Revenue by product or service

year to Jan 31, 2026

	Revenue	Share	vs year before
Costs of subscription services	8.8B	92.5%	+14.4%
Professional services	719.0M	7.5%	-1.2%

10-K 0001327811-26-000014, segment and revenue notes (XBRL).

Revenue by region

year to Jan 31, 2026

	Revenue	Share	vs year before
U.S.	7.2B	75.1%	+13.3%
Other countries	2.4B	24.9%	+12.4%

10-K 0001327811-26-000014, segment and revenue notes (XBRL).

Income statement

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	1.6B	2.1B	2.8B	3.6B	4.3B	5.1B	6.2B	7.3B	8.4B	9.6B
R&D	680.5M	910.6M	1.2B	1.5B	1.7B	1.9B	2.2B	2.5B	2.6B	2.7B
SG&A	198.1M	222.9M	347.3M	367.7M	414.1M	486.0M	599.0M	702.0M	820.0M	912.0M
Operating income	-353.1M	-303.2M	-463.3M	-502.2M	-248.6M	-116.0M	-222.0M	183.0M	415.0M	721.0M
Interest expense	30.1M	44.5M	60.2M	58.7M	68.8M	17.0M	102.0M	114.0M	114.0M	114.0M
Pretax income	-385.5M	-314.8M	-423.8M	-482.4M	-275.1M	16.0M	-260.0M	356.0M	638.0M	1.0B
Income tax	-814K	6.4M	-5.5M	-1.8M	7.3M	-13.0M	107.0M	-1.0B	112.0M	316.0M
Net income	-384.7M	-321.2M	-418.3M	-480.7M	-282.4M	29.0M	-367.0M	1.4B	526.0M	693.0M
EPS (diluted)	-1.94	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.21	1.95	2.59
Diluted shares	-	-	-	227.2M	237.0M	254.0M	254.8M	265.3M	269.2M	268.1M
Depreciation & amortization	105.8M	135.7M	198.1M	201.0M	231.0M	263.0M	275.0M	203.0M	243.0M	237.0M
EBITDA	-247.3M	-167.5M	-265.2M	-301.2M	-17.6M	147.0M	53.0M	386.0M	658.0M	958.0M
Operating margin	-22.4%	-14.1%	-16.4%	-13.8%	-5.8%	-2.3%	-3.6%	2.5%	4.9%	7.5%
Net margin	-24.4%	-15.0%	-14.8%	-13.3%	-6.5%	0.6%	-5.9%	19.0%	6.2%	7.3%
Revenue growth	-	+36.1%	+31.7%	+28.5%	+19.0%	+19.0%	+21.0%	+16.8%	+16.4%	+13.1%
EPS growth	-	-	-	-	-	-	-1300%	-	-62.6%	+32.8%

Balance sheet

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash	539.9M	1.1B	638.6M	731.1M	1.4B	1.5B	1.9B	2.0B	1.5B	1.5B
Short-term investments	-	-	-	1.2B	2.2B	2.1B	4.2B	5.8B	6.5B	3.9B
Receivables	409.8M	528.2M	704.7M	877.6M	1.0B	1.2B	1.6B	1.6B	1.9B	2.3B
Current assets	2.5B	4.0B	2.7B	3.1B	4.8B	5.2B	8.1B	9.9B	10.5B	8.4B
Property & equipment	365.9M	546.6M	796.9M	936.2M	972.4M	1.1B	1.2B	1.2B	1.2B	1.1B
Goodwill	107.7M	159.4M	1.4B	1.8B	1.8B	2.8B	2.8B	2.8B	3.5B	5.2B
Total assets	3.3B	4.9B	5.5B	6.8B	8.7B	10.5B	13.5B	16.5B	18.0B	18.1B
Accounts payable	26.8M	21.0M	29.1M	57.6M	75.6M	55.5M	154.0M	78.0M	108.0M	142.0M
Current liabilities	1.3B	2.1B	2.4B	3.0B	4.3B	5.1B	4.6B	5.1B	5.5B	6.4B
Total debt	-	-	-	1.3B	1.8B	1.8B	3.0B	3.0B	3.0B	3.0B
Total liabilities	2.0B	3.4B	3.6B	4.3B	5.4B	6.0B	7.9B	8.4B	8.9B	10.3B
Shareholders' equity	1.3B	1.6B	2.0B	2.5B	3.3B	4.5B	5.6B	8.1B	9.0B	7.8B
Retained earnings	-1.4B	-1.7B	-2.1B	-2.6B	-2.9B	-2.7B	-3.1B	-1.7B	-1.2B	-512.0M

Cash flow

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	350.6M	465.7M	606.7M	864.6M	1.3B	1.7B	1.7B	2.1B	2.5B	2.9B
Capital spending	120.8M	141.5M	202.5M	-	-	-	364.0M	232.0M	269.0M	162.0M
Free cash flow	229.8M	324.2M	404.2M	-	-	-	1.3B	1.9B	2.2B	2.8B
Stock-based pay (added back)	372.3M	478.4M	652.5M	859.6M	1.0B	1.1B	1.3B	1.4B	1.5B	1.6B
Buybacks	-	-	-	-	0	0	75.0M	423.0M	700.0M	2.9B
Acquisitions	147.9M	5.7M	1.5B	473.6M	0	1.2B	0	8.0M	825.0M	2.1B
Debt raised	-	-	-	-	-	0	3.0B	0	0	-
Debt repaid	-	-	-	-	-	38.0M	1.8B	0	0	-
Investing cash flow	-168.9M	-979.0M	-842.8M	-896.9M	-1.2B	-1.6B	-2.5B	-1.8B	-1.8B	333.0M
Financing cash flow	59.7M	1.1B	-256.7M	125.1M	625.0M	110.0M	1.2B	-268.0M	-1.1B	-3.3B

Stock-based pay and leases

From EDGAR

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Stock-based pay (expense)	372.3M	478.4M	652.5M	859.6M	1.0B	1.1B	1.3B	1.4B	1.5B	1.6B
Stock-based pay / revenue	23.6%	22.3%	23.1%	23.7%	23.3%	21.4%	20.8%	19.5%	18.0%	17.0%
Operating lease cost	-	-	-	85.2M	94.2M	93.0M	99.0M	109.0M	123.0M	161.0M
Operating lease cash paid	-	-	-	75.0M	87.5M	91.0M	94.0M	112.0M	111.0M	134.0M
Right-of-use assets	-	-	-	290.9M	414.1M	247.8M	249.0M	289.0M	336.0M	719.0M
Operating lease liabilities	-	-	-	308.0M	443.0M	263.0M	273.0M	316.0M	378.0M	834.0M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on WDAY in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WDAY/export.csv") into a cell.