Workday, Inc. logo WDAY - Workday, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 45
HOLD 34
SELL 2
STRONG
SELL
0
| PRICE TARGET: $183.82 DETAILS
HIGH: $275.00
LOW: $125.00
MEDIAN: $181.00
CONSENSUS: $183.82
UPSIDE: 43.45%
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2013 2012 2011 2010
Revenue
Revenue 9,552 8,446 7,259 6,216 5,139 4,318.0 3,627.2 2,822.2 2,143.1 1,574.4 787.9 468.9 273.7 134.4 68.1 25.2
Cost of Revenue 2,321 2,069 1,771 1,710 1,428 1,198.1 1,065.3 835.0 629.4 483.5 264.8 176.8 116.5 65.4 39.9 20.5
Gross Profit 7,231 6,377 5,488 4,506 3,711 3,119.9 2,561.9 1,987.2 1,513.6 1,090.9 523.1 292.1 157.1 69.1 28.2 4.7
Operating Expenses
R&D Expenses 2,678 2,626 2,464 2,247 1,879 1,721.2 1,549.9 1,211.8 910.6 680.5 316.9 182.1 102.7 62.0 39.2 30.0
SG&A Expenses 5,200 3,252 2,841 2,441 1,948 1,647.2 1,514.3 1,238.7 906.3 763.5 421.9 263.3 172.3 85.5 45.1 26.1
Other Expenses (1,671) 84 0 40 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 6,207 5,962 5,305 4,728 3,827 3,368.5 3,064.2 2,450.5 1,816.9 1,444.0 738.8 445.4 275.0 147.5 84.3 56.1
Operating Income
Operating Income 1,024 415 183 (222) (116) (248.6) (502.2) (463.3) (303.2) (353.1) (215.7) (153.3) (117.9) (78.4) (56.1) (51.4)
Interest Expense 114 114 114 102 17 68.8 58.7 60.2 44.5 30.1 31.1 19.6 1.4 1.0 0.2 0
Interest Income 318 350 301 97 5 18.8 41.3 42.5 25.3 11.3 3.0 2.0 0.6 0.1 0.1 0.4
Profitability
EBITDA 1,356 1,078 752 206 377 87.3 (147.5) (165.4) (134.5) (249.6) (155.7) (116.5) (100.0) (69.2) (50.6) (46.6)
EBIT 1,009 752 470 (158) 33 (206.3) (423.8) (363.5) (270.2) (355.4) (214.9) (151.2) (117.7) (78.5) (55.9) (49.9)
Income Before Tax 1,009 638 356 (260) 16 (275.1) (482.4) (423.8) (314.8) (385.5) (246.0) (170.8) (119.1) (79.5) (56.1) (49.9)
Income Tax Expense 316 112 (1,025) 107 (13) 7.3 (1.8) (5.5) 6.4 (0.8) 2.0 1.7 0.1 0.2 0.1 0.1
Net Income 693 526 1,381 (367) 29 (282.4) (480.7) (418.3) (321.2) (384.7) (248.0) (172.5) (119.2) (79.6) (56.2) (49.9)
Per Share Data
EPS (Basic) 2.60 1.98 5.28 -1.44 0.12 -1.19 -2.12 -1.93 -1.55 -2.06 -1.35 -1.01 -1.61 -0.35 -0.25 -0.22
EPS (Diluted) 2.58 1.95 5.21 -1.44 0.12 -1.19 -2.12 -1.93 -1.55 -2.06 -1.35 -1.01 -1.61 -0.35 -0.25 -0.22
Shares Outstanding 261.3 265.3 261.3 254.7 247.2 237.0 226.7 216.8 207.8 198.2 183.7 171.3 74.0 226.1 226.1 226.1
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017
Current Assets
Cash & Cash Equivalents 1,501 1,543 2,012 1,886.3 1,534.3 1,384.2 731.1 638.6 1,134.4 539.9
Short-Term Investments 3,942 6,474 5,801 4,235.1 2,109.9 2,151.5 1,213.4 1,139.9 2,133.5 1,456.8
Net Receivables 2,332 2,003 1,639 1,570.1 1,242.5 1,032.5 877.6 704.7 528.2 409.8
Inventory 0 0 0 0 0 0 0 0 0 0
Other Current Assets 654 247 243 216.8 167.9 107.6 168.6 133.2 97.9 66.6
Total Current Assets 8,429 10,278 9,707 7,917.2 5,061.1 4,679.3 2,994.2 2,619.8 3,893.9 2,473.1
Non-Current Assets
Property, Plant & Equipment 1,812 1,575 1,523 1,450.5 1,370.9 1,386.5 1,227.1 796.9 546.6 365.9
Goodwill 5,229 3,478 2,846 2,840.0 2,840.0 1,819.6 1,819.3 1,379.1 159.4 158.4
Intangible Assets 681 386 259 326.0 413.8 266.4 326.3 342.1 55.0 60.6
Long-Term Investments 0 343 283 285.2 273.4 134.4 84.7 60.7 29.2 14.0
Other Non-Current Assets 1,094 878 769 654.6 527.7 422.2 358.0 317.6 261.4 192.0
Total Non-Current Assets 9,645 7,699 6,745 5,569.1 5,437.4 4,039.1 3,822.2 2,901.0 1,053.5 795.2
Total Assets 18,074 17,977 16,452 13,486.2 10,498.5 8,718.4 6,816.4 5,520.7 4,947.4 3,268.3
Current Liabilities
Account Payables 142 108 78 153.8 55.5 75.6 57.6 29.1 21.0 26.8
Short-Term Debt 130 99 89 91.3 1,302.9 1,196.1 310.5 232.5 341.5 0
Deferred Revenue 5,010 4,467 4,057 3,559.4 3,110.9 2,556.6 2,223.2 1,837.6 1,426.2 1,086.2
Other Current Liabilities 1,096 296 287 260.1 195.6 169.3 130.1 123.5 121.9 61.6
Total Current Liabilities 6,378 5,548 5,055 4,628.2 5,067.9 4,282.6 2,969.4 2,430.7 2,058.9 1,285.2
Non-Current Liabilities
Long-Term Debt 2,987 2,984 2,980 2,975.9 617.4 691.9 1,018.0 972.3 1,149.8 534.4
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 129 52 38 40.2 24.2 35.9 15.0 47.7 47.4 36.7
Total Non-Current Liabilities 3,891 3,395 3,315 3,272.5 895.6 1,157.9 1,360.4 1,131.6 1,308.2 706.4
Total Liabilities 10,269 8,943 8,370 7,900.7 5,963.4 5,440.6 4,329.8 3,562.3 3,367.1 1,991.7
Stockholders' Equity
Common Stock 0 0 0 0.3 0.3 0.2 0.2 0.2 0.2 0.2
Retained Earnings (512) (1,205) (1,731) (3,111.3) (2,744.6) (2,910.0) (2,627.4) (2,146.3) (1,727.9) (1,406.9)
Accumulated Other Comprehensive Income (136) 84 21 53.1 7.7 (55.0) 23.5 (0.8) (46.4) 2.1
Total Stockholders' Equity 7,805 9,034 8,082 5,585.6 4,535.1 3,277.8 2,486.6 1,958.4 1,580.4 1,276.6
Total Liabilities & Equity 18,074 17,977 16,452 13,486.2 10,498.5 8,718.4 6,816.4 5,520.7 4,947.4 3,268.3
Debt Metrics
Total Debt 3,821 3,362 3,296 3,249.1 2,102.8 2,238.1 1,569.9 1,204.8 1,491.4 534.4
Net Debt 2,320 1,819 1,284 1,362.8 568.5 853.9 838.7 566.2 357.0 (5.5)
Metric 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017
Operating Activities
Net Income 693 526 1,381 (366.7) 29 (282.4) (480.7) (418.3) (321.2) (408.3)
Depreciation & Amortization 347 326 282 364.4 343.7 293.7 276.3 198.1 137.0 115.9
Stock-Based Compensation 1,626 1,519 1,416 1,295 1,112 1,004.9 859.6 652.5 478.4 372.3
Change in Working Capital (329) (218) (34) 48.2 108.1 14.0 32.5 96.3 79.7 161.9
Other Non-Cash Items 384 275 162 312.4 57.9 238.4 176.9 78.0 91.9 91.9
Operating Cash Flow 2,939 2,461 2,149 1,657.2 1,650.7 1,268.4 864.6 606.7 465.7 348.7
Investing Activities
Capital Expenditure (162) (272) (238) (360.3) (272.3) (256.3) (244.5) (213.0) (152.5) (120.8)
Acquisitions (2,079) (825) (8) 0 (1,190.2) 256.3 (473.6) (1,474.3) (5.7) (147.9)
Purchases of Investments (2,742) (4,808) (6,166) (7,206.1) (2,981.7) (2,799.4) (1,822.9) (2,032.9) (2,532.2) (1,917.5)
Sales/Maturities of Investments 5,295 4,124 4,665 5,064.7 3,008.3 1,820.2 1,743.4 3,058.6 1,836.3 2,124.6
Other Investing Activities 21 0 (4) (4.2) (171.5) (262.4) (99.3) (181.2) (124.8) (107.3)
Investing Cash Flow 333 (1,781) (1,751) (2,505.9) (1,607.4) (1,241.6) (896.9) (842.8) (979.0) (168.9)
Financing Activities
Net Debt Issuance 0 0 0 1,134 (37.6) 479.0 (0.0) (350.0) 1,132.1 0
Stock Repurchased (2,895) (700) (423) (74.7) 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (616) (450) 155 144.8 (0.5) (2.7) (0.5) (0.2) (94.9) 1.6
Financing Cash Flow (3,319) (1,150) (268) 1,203.8 110.3 625.0 125.1 (256.7) 1,106.3 59.7
Cash Position
Net Change in Cash (53) (470) 129 354.5 152.8 653.2 92.5 (493.5) 593.8 239.8
Cash at Beginning 1,554 2,024 1,895 1,540.7 1,387.9 734.7 642.2 1,135.7 541.9 300.1
Cash at End 1,501 1,554 2,024 1,895.2 1,540.7 1,387.9 734.7 642.2 1,135.7 539.9
Free Cash Flow 2,777 2,189 1,911 1,296.9 1,378.4 1,012.1 620.1 393.7 313.2 227.8
Key Metrics 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2015 2014 2013 2012 2011 2010
Income Statement
Revenue 9,552 8,446 7,259 6,216 5,139 4,318.0 3,627.2 2,822.2 2,143.1 1,574.4 787.9 468.9 273.7 134.4 68.1 25.2
Gross Profit 7,231 6,377 5,488 4,506 3,711 3,119.9 2,561.9 1,987.2 1,513.6 1,090.9 523.1 292.1 157.1 69.1 28.2 4.7
Operating Income 1,024 415 183 (222) (116) (248.6) (502.2) (463.3) (303.2) (353.1) (215.7) (153.3) (117.9) (78.4) (56.1) (51.4)
Net Income 693 526 1,381 (367) 29 (282.4) (480.7) (418.3) (321.2) (384.7) (248.0) (172.5) (119.2) (79.6) (56.2) (49.9)
EPS (Diluted) 2.58 1.95 5.21 -1.44 0.12 -1.19 -2.12 -1.93 -1.55 -2.06 -1.35 -1.01 -1.61 -0.35 -0.25 -0.22
Balance Sheet
Cash & Equivalents 1,501 1,543 2,012 1,886.3 1,534.3 1,384.2 731.1 638.6 1,134.4 539.9
Total Assets 18,074 17,977 16,452 13,486.2 10,498.5 8,718.4 6,816.4 5,520.7 4,947.4 3,268.3
Total Debt 3,821 3,362 3,296 3,249.1 2,102.8 2,238.1 1,569.9 1,204.8 1,491.4 534.4
Stockholders' Equity 7,805 9,034 8,082 5,585.6 4,535.1 3,277.8 2,486.6 1,958.4 1,580.4 1,276.6
Cash Flow
Operating Cash Flow 2,939 2,461 2,149 1,657.2 1,650.7 1,268.4 864.6 606.7 465.7 348.7
Capital Expenditure (162) (272) (238) (360.3) (272.3) (256.3) (244.5) (213.0) (152.5) (120.8)
Free Cash Flow 2,777 2,189 1,911 1,296.9 1,378.4 1,012.1 620.1 393.7 313.2 227.8