Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company offers a suite of financial management applications to maintain accounting information; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; perform financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. It also provides spend management solutions that help organizations to streamline supplier selection and contract management, build and execute sourcing events, such as requests for proposals, and manage indirect spend; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; Workday Extend for customers and their developers to build custom applications. The company serves the professional and business services, financial services, healthcare, manufacturing, media, education, government, technology, media, retail, and hospitality industries. It sells its solutions through its direct sales organization. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $9.6B | $1.5B | $693M | $2.8B | 8.9% | 13.1% | 31.7% |
| 2025 | $8.4B | $1.1B | $526M | $2.2B | 5.8% | 16.4% | -61.9% |
| 2024 | $7.3B | $752M | $1.4B | $1.9B | 17.1% | 16.8% | -476.3% |
| 2023 | $6.2B | $206M | $-367M | $1.3B | -6.6% | - | - |
| 2022 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 6,216 | 7,259 | 8,446 | 9,552 |
| Operating Revenue | - | 6,216 | 7,259 | 8,446 | 9,552 |
| Cost Of Revenue | - | 1,710 | 1,771 | 2,069 | 2,321 |
| Gross Profit | - | 4,506 | 5,488 | 6,377 | 7,231 |
| Operating Expense | - | 4,688 | 5,305 | 5,878 | 6,207 |
| Research And Development | - | 2,247 | 2,464 | 2,626 | 2,679 |
| Selling General And Administration | - | 2,441 | 2,841 | 3,252 | 3,528 |
| Total Expenses | - | 6,398 | 7,076 | 7,947 | 8,528 |
| Operating Income | - | -182 | 183 | 499 | 1,024 |
| Total Operating Income As Reported | - | -222 | 183 | 415 | 721 |
| EBITDA | - | 206 | 752 | 1,078 | 1,470 |
| Normalized EBITDA | - | 246 | 752 | 1,162 | 1,773 |
| EBIT | - | -158 | 470 | 752 | 1,123 |
| Interest Income | - | 97 | 301 | 350 | 318 |
| Interest Expense | - | 102 | 114 | 114 | 114 |
| Net Interest Income | - | -5 | 187 | 236 | 204 |
| Other Non Operating Income Expenses | - | -33 | -14 | -13 | 84 |
| Other Income Expense | - | -73 | -14 | -97 | -219 |
| Interest Income Non Operating | - | 97 | 301 | 350 | 318 |
| Interest Expense Non Operating | - | 102 | 114 | 114 | 114 |
| Net Non Operating Interest Income Expense | - | -5 | 187 | 236 | 204 |
| Pretax Income | - | -260 | 356 | 638 | 1,009 |
| Tax Provision | - | 107 | -1,025 | 112 | 316 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -8.40 | 0 | -14.75 | -94.84 |
| Net Income Continuous Operations | - | -367 | 1,381 | 526 | 693 |
| Net Income From Continuing And Discontinued Operation | - | -367 | 1,381 | 526 | 693 |
| Net Income From Continuing Operation Net Minority Interest | - | -367 | 1,381 | 526 | 693 |
| Net Income | - | -367 | 1,381 | 526 | 693 |
| Net Income Common Stockholders | - | -367 | 1,381 | 526 | 693 |
| Net Income Including Noncontrolling Interests | - | -367 | 1,381 | 526 | 693 |
| Normalized Income | - | -335.40 | 1,381 | 595.25 | 901.16 |
| Diluted NI Availto Com Stockholders | - | -367 | 1,381 | 526 | 693 |
| Basic Average Shares | - | 254.82 | 261.34 | 265.26 | 265.10 |
| Diluted Average Shares | - | 254.82 | 265.29 | 269.20 | 268.12 |
| Reconciled Depreciation | - | 364 | 282 | 326 | 347 |
| Reconciled Cost Of Revenue | - | 1,710 | 1,771 | 2,069 | 2,321 |
| Total Unusual Items | - | -40 | 0 | -84 | -303 |
| Total Unusual Items Excluding Goodwill | - | -40 | 0 | -84 | -303 |
| Special Income Charges | - | -40 | 0 | -84 | -303 |
| Restructuring And Mergern Acquisition | - | 40 | 0 | 84 | 303 |
| General And Administrative Expense | - | 599 | 702 | 820 | 912 |
| Other Gand A | - | 599 | 702 | 820 | 912 |
| Selling And Marketing Expense | - | 1,842 | 2,139 | 2,432 | 2,616 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Workday, Inc.this co. | WDAY | $36.5B | 52.71β premium | 4.68 | 8.9% | 23.75 |
| Block, Inc. | XYZ | $42.2B | 32.32 | 1.90 | 5.9% | 11.66 |
| Jabil Inc. | JBL | $39.4B | 60.03 | 26.07 | 43.4% | 23.86 |
| Paychex, Inc. | PAYX | $35.6B | 21.51 | 8.63 | 40.1% | 15.67 |
| NetApp, Inc. | NTAP | $35.4B | 29.87 | 34.06 |
| - |
| - |
| - |
| - |
| 114.0% |
| 21.41 |
| First Solar, Inc. | FSLR | $33.8B | 22.14 | 3.55 | 16.0% | 14.71 |
| Roper Technologies, Inc. | ROP | $33.5B | 21.80 | 1.68 | 7.7% | 13.46 |
| Qnity Electronics, Inc. | Q | $32.4B | 46.83 | 4.57 | 9.8% | 25.32 |
| Teledyne Technologies Incorporated | TDY | $28.7B | 32.03 | 2.73 | 8.5% | 20.77 |
| Peer Median | - | 30.95 | 4.06 | 12.9% | 18.22 | |