Workday
WDAY · NasdaqServices-Computer Processing & Data Preparation · Fiscal year ends Jan 31
Workday reported revenue of $9.6B in the fiscal year ended Jan 2026, up 13.1% from the year before. Operating income was $721M, an operating margin of 7.5%, and net income was $693M. Operating cash flow of $2.9B less capital expenditure of $162M left free cash flow of $2.8B. Net debt was $1.5B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $5.1B | $6.2B | $7.3B | $8.4B | $9.6B |
| Research & development | $1.9B | $2.2B | $2.5B | $2.6B | $2.7B |
| Operating income | −$116M | −$222M | $183M | $415M | $721M |
| Interest expense | $17M | $102M | $114M | $114M | $114M |
| Pre-tax income | $16M | −$260M | $356M | $638M | $1B |
| Income tax | −$13M | $107M | −$1B | $112M | $316M |
| Net income | $29M | −$367M | $1.4B | $526M | $693M |
| Diluted EPS | 0.12 | −1.44 | 5.21 | 1.95 | 2.59 |
| Diluted shares | 254M | 255M | 265M | 269M | 268M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $1.5B | $1.9B | $2B | $1.5B | $1.5B |
| Receivables | $1.2B | $1.6B | $1.6B | $2B | $2.3B |
| Current assets | $5.2B | $8.1B | $9.9B | $10.5B | $8.4B |
| Net PP&E | $1.1B | $1.2B | $1.2B | $1.2B | $1.1B |
| Goodwill | $2.8B | $2.8B | $2.8B | $3.5B | $5.2B |
| Total assets | $10.5B | $13.5B | $16.5B | $18B | $18.1B |
| Payables | $55M | $154M | $78M | $108M | $142M |
| Deferred revenue | $3.1B | $3.6B | $4.1B | $4.5B | $5B |
| Current liabilities | $5.1B | $4.6B | $5.1B | $5.5B | $6.4B |
| Short-term debt | $1.2B | $0 | – | – | $0 |
| Long-term debt | $617M | $3B | $3B | $3B | $3B |
| Total liabilities | $6B | $7.9B | $8.4B | $8.9B | $10.3B |
| Shareholders' equity | $4.5B | $5.6B | $8.1B | $9B | $7.8B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $1.7B | $2.1B | $2.5B | $2.9B |
| Capital expenditure | – | $364M | $232M | $269M | $162M |
| Free cash flow | – | $1.3B | $1.9B | $2.2B | $2.8B |
| Depreciation & amortisation | $263M | $275M | $203M | $243M | $237M |
| Stock-based compensation | $1.1B | $1.3B | $1.4B | $1.5B | $1.6B |
| Acquisitions | $1.2B | $0 | $8M | $825M | $2.1B |
| Share buybacks | $0 | $75M | $423M | $700M | $2.9B |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 21.0% | 16.8% | 16.4% | 13.1% |
| Operating income growth (YoY) | – | – | – | 126.8% | 73.7% |
| EPS growth (YoY) | – | −1300.0% | – | −62.6% | 32.8% |
| Operating margin | −2.3% | −3.6% | 2.5% | 4.9% | 7.5% |
| Net margin | 0.6% | −5.9% | 19.0% | 6.2% | 7.3% |
| Return on equityBlank when equity is negative | 0.6% | −6.6% | 17.1% | 5.8% | 8.9% |
| ROCEEBIT ÷ (assets − current liabilities) | −2.1% | −2.5% | 1.6% | 3.3% | 6.2% |
| Free cash flow margin | – | 20.8% | 26.4% | 26.0% | 29.1% |
| Cash conversion (CFO ÷ net income) | 56.9x | −4.51x | 1.56x | 4.68x | 4.24x |
| Receivable days | 88 | 92 | 82 | 84 | 89 |
| Interest cover | −6.82x | −2.18x | 1.61x | 3.64x | 6.32x |
| Debt ÷ equity | 0.41x | 0.53x | 0.37x | 0.33x | 0.38x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $306M | $1.1B | $968M | $1.4B | $1.5B |
| Current ratio | 1.03x | 1.75x | 1.97x | 1.90x | 1.32x |
Recent filings
More in Services-Computer Processing & Data Preparation
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.