Workday, Inc. WDAY
Workday is the enterprise AI platform for managing people, money, and agents. Workday provides more than 11,500 organizations with cloud solutions powered by artificial intelligence ("AI") to help solve some of today's most complex business challenges, including supporting and empowering their workforce, managing their finances and spend in an ever-changing environment, and planning for the unexpected.
We strive to reimagine how work gets done and hope to empower customers to do the same through an innovative suite of solutions with more than 75 million users under contract around the world and across industries – from emerging and medium-sized businesses to more than 65% of the Fortune 500. Central to our purpose is a set of core values – with our employees as number one – along with customer service, innovation, integrity, fun, and profitability. We believe that happy employees lead to happy customers, and we are committed to helping our customers adapt and thrive in this increasingly dynamic business environment.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.55B | $8.45B | $7.26B | $6.22B | $5.14B | $4.32B | $3.63B | $2.82B | $2.14B | $1.57B |
| R&D | $2.68B | $2.63B | $2.46B | $2.25B | $1.88B | $1.72B | $1.55B | $1.21B | $910.6M | $680.5M |
| SG&A | $912.0M | $820.0M | $702.0M | $599.0M | $486.0M | $414.1M | $367.7M | $347.3M | $222.9M | $198.1M |
| Total operating expenses | $8.83B | $8.03B | $7.08B | $6.44B | $5.25B | $4.57B | $4.13B | $3.29B | $2.45B | $1.93B |
| Operating income | $721.0M | $415.0M | $183.0M | -$222.0M | -$116.0M | -$248.6M | -$502.2M | -$463.3M | -$303.2M | -$353.1M |
| Interest expense | $114.0M | $114.0M | $114.0M | $102.0M | $17.0M | $68.8M | $58.7M | $60.2M | $44.5M | $30.1M |
| Pre-tax income | $1.01B | $638.0M | $356.0M | -$260.0M | $16.0M | -$275.1M | -$482.4M | -$423.8M | -$314.8M | -$385.5M |
| Income tax | $316.0M | $112.0M | $1.02B | $107.0M | $13.0M | $7.3M | $1.8M | $5.5M | $6.4M | $814.0K |
| Net income | $693.0M | $526.0M | $1.38B | -$367.0M | $29.0M | -$282.4M | -$480.7M | -$418.3M | -$321.2M | -$384.7M |
| EPS, basic | 2.61 | 1.98 | 5.28 | -1.44 | 0.12 | -1.19 | -2.12 | — | — | — |
| EPS, diluted | 2.59 | 1.95 | 5.21 | -1.44 | 0.12 | -1.19 | -2.12 | -1.93 | -1.55 | -1.94 |
| Shares, diluted (wtd. avg.) | $268.1M | $269.2M | $265.3M | $254.8M | $254.0M | $237.0M | $227.2M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.50B | $1.54B | $2.01B | $1.90B | $1.54B | $1.39B | $734.7M | $642.2M | $1.14B | $541.9M |
| Short-term investments | $3.94B | $6.47B | $5.80B | $4.24B | $2.11B | $2.15B | $1.21B | — | — | — |
| Receivables | $2.33B | $1.95B | $1.64B | $1.57B | $1.24B | $1.03B | $877.6M | $704.7M | $528.2M | $409.8M |
| Total current assets | $8.43B | $10.54B | $9.94B | $8.11B | $5.21B | $4.80B | $3.09B | $2.70B | $3.96B | $2.52B |
| Property, plant and equipment | $1.09B | $1.24B | $1.23B | $1.20B | $1.12B | $972.4M | $936.2M | $796.9M | $546.6M | $365.9M |
| Goodwill | $5.23B | $3.48B | $2.85B | $2.84B | $2.84B | $1.82B | $1.82B | $1.38B | $159.4M | $107.7M |
| Other intangibles | — | — | — | — | — | — | $308.4M | $313.2M | $34.2M | $48.8M |
| Total assets | $18.07B | $17.98B | $16.45B | $13.49B | $10.50B | $8.72B | $6.82B | $5.52B | $4.95B | $3.27B |
| Accounts payable | $142.0M | $108.0M | $78.0M | $154.0M | $55.5M | $75.6M | $57.6M | $29.1M | $21.0M | $26.8M |
| Short-term debt | — | — | — | $0 | $1.22B | $1.10B | $244.3M | — | — | — |
| Total current liabilities | $6.38B | $5.55B | $5.05B | $4.63B | $5.07B | $4.28B | $2.97B | $2.43B | $2.06B | $1.29B |
| Long-term debt | $2.99B | $2.98B | $2.98B | $2.98B | $617.4M | $691.9M | $1.02B | — | — | — |
| Total liabilities | $10.27B | $8.94B | $8.37B | $7.90B | $5.96B | $5.44B | $4.33B | $3.56B | $3.37B | $1.99B |
| Retained earnings | -$512.0M | -$1.21B | -$1.73B | -$3.11B | -$2.74B | -$2.91B | -$2.63B | -$2.15B | -$1.73B | -$1.41B |
| Total equity | $7.80B | $9.03B | $8.08B | $5.58B | $4.54B | $3.28B | $2.49B | $1.96B | $1.58B | $1.28B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.94B | $2.46B | $2.15B | $1.66B | $1.65B | $1.27B | $864.6M | $606.7M | $465.7M | $350.6M |
| Depreciation and amortisation | $237.0M | $243.0M | $203.0M | $275.0M | $263.0M | $231.0M | $201.0M | $147.0M | $115.0M | $92.0M |
| Stock-based compensation | $1.63B | $1.52B | $1.42B | $1.29B | $1.10B | $1.00B | $859.6M | $652.5M | $478.4M | $372.3M |
| Capital expenditure | $162.0M | $269.0M | $232.0M | $364.0M | — | — | — | $202.5M | $141.5M | $120.8M |
| Investing cash flow | $333.0M | -$1.78B | -$1.75B | -$2.51B | -$1.61B | -$1.24B | -$896.9M | -$842.8M | -$979.0M | -$168.9M |
| Financing cash flow | -$3.32B | -$1.15B | -$268.0M | $1.20B | $110.0M | $625.0M | $125.1M | -$256.7M | $1.11B | $59.7M |
| Buybacks | $2.90B | $700.0M | $423.0M | $75.0M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-055687.
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