Workday (WDAY) financial statements
Workday reported revenue of $9.6B in fiscal 2026, up 22.2% a year over 9 years.
Net income was $693M and the operating margin 7.5%, against -22.4% in 2017.
Free cash flow was $2.8B, and the company returned $2.9B in net buybacks.
The diluted share count rose 35% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Workday's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $2.1B | $2.8B | $3.6B | $4.3B | $5.1B | $6.2B | $7.3B | $8.4B | $9.6B |
| Research and development | $681M | $911M | $1.2B | $1.5B | $1.7B | $1.9B | $2.2B | $2.5B | $2.6B | $2.7B |
| Selling, general and admin | $763M | $906M | $1.2B | $1.5B | $1.6B | $1.9B | $2.4B | $2.8B | $3.3B | $3.5B |
| Operating income | -$353M | -$303M | -$463M | -$502M | -$249M | -$116M | -$222M | $183M | $415M | $721M |
| Interest expense | $30M | $45M | $60M | $59M | $69M | $17M | $102M | $114M | $114M | $114M |
| Pre-tax income | -$386M | -$315M | -$424M | -$482M | -$275M | $16M | -$260M | $356M | $638M | $1.0B |
| Income tax | -$814,000 | $6M | -$5M | -$2M | $7M | -$13M | $107M | -$1.0B | $112M | $316M |
| Net income | -$385M | -$321M | -$418M | -$481M | -$282M | $29M | -$367M | $1.4B | $526M | $693M |
| EPS (diluted) | -$1.94 | -$1.55 | -$1.93 | -$2.12 | -$1.19 | $0.12 | -$1.44 | $5.21 | $1.95 | $2.59 |
| Diluted shares | 198M | 208M | 217M | 227M | 237M | 254M | 255M | 265M | 269M | 268M |
| 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% |
Balance sheet
Fiscal years, from Workday's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $540M | $1.1B | $639M | $1.9B | $3.5B | $3.6B | $6.1B | $7.8B | $8.0B | $5.4B |
| Receivables | $410M | $528M | $705M | $878M | $1.0B | $1.2B | $1.6B | $1.6B | $1.9B | $2.3B |
| Total current assets | $2.5B | $4.0B | $2.7B | $3.1B | $4.8B | $5.2B | $8.1B | $9.9B | $10.5B | $8.4B |
| Property, plant and equipment | $366M | $547M | $797M | $936M | $972M | $1.1B | $1.2B | $1.2B | $1.2B | $1.1B |
| Goodwill | $108M | $159M | $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 |
| Total current liabilities | $1.3B | $2.1B | $2.4B | $3.0B | $4.3B | $5.1B | $4.6B | $5.1B | $5.5B | $6.4B |
| Long-term debt | — | — | — | $1.0B | $692M | $617M | $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 |
| Net debt | -$540M | -$1.1B | -$639M | $531M | $411M | $306M | $1.1B | $968M | $1.4B | $1.5B |
Cash flow
Fiscal years, from Workday's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $351M | $466M | $607M | $865M | $1.3B | $1.7B | $1.7B | $2.1B | $2.5B | $2.9B |
| Capital spending | $121M | $142M | $203M | — | — | — | $364M | $232M | $269M | $162M |
| Free cash flow | $230M | $324M | $404M | — | — | — | $1.3B | $1.9B | $2.2B | $2.8B |
| Stock-based compensation | $372M | $478M | $652M | $860M | $1.0B | $1.1B | $1.3B | $1.4B | $1.5B | $1.6B |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$75M | -$423M | -$700M | -$2.9B |
| Net borrowing | — | — | — | — | — | -$38M | $1.1B | $0 | $0 | — |
| Free cash flow margin | 14.6% | 15.1% | 14.3% | — | — | — | 20.8% | 26.4% | 26.0% | 29.1% |
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Open WDAY in InvestinglyQuestions
What was Workday's revenue in 2026?
$9.6B in fiscal 2026, from its 10-K filing.
How much free cash flow does Workday generate?
$2.8B in fiscal 2026 (operating cash flow minus capital spending).
From Workday's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.