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 2027 Q1 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3
Revenue
Revenue 2,542 2,532 2,432 2,348 2,240 2,211 2,160 2,085 1,990 1,922.2 1,866 1,787 1,668.0 1,646.3 1,599.1 1,535.8 1,434.7 1,376.1 1,327.3 1,260.4 1,175.0 1,131.7 1,106.0 1,062.0 1,018.4 976.3 938.1 887.8 825.1 788.6 743.2 671.7 618.6 582.5 555.4 525.3 479.9 436.7 413.5 373.7 347.7 226.3 215.1 186.8 159.7 141.9 127.9 107.6 91.6 81.5 72.6 62.7 56.8 43.2 36.5
Cost of Revenue 604 611 591 582 537 539 530 511 489 460.2 445 448 417 453.5 435.8 423.1 402.8 389.8 359.7 345.5 333.1 313.0 295.2 284.3 305.6 284.8 270.9 266.3 243.2 233.7 223.0 200.2 178.0 171.0 163.6 158.2 136.7 130.2 126.9 117.9 108.6 70.0 71.8 65.6 57.4 50.8 48.6 40.8 36.7 33.0 30.2 28.3 25.1 20.3 17.7
Gross Profit 1,938 1,921 1,841 1,766 1,703 1,672 1,630 1,574 1,501 1,462.0 1,421 1,339 1,250.5 1,192.8 1,163.3 1,112.7 1,031.8 986.3 967.5 914.8 842.0 818.6 810.8 777.7 712.8 691.5 667.2 621.4 581.8 554.9 520.2 471.5 440.7 411.5 391.8 367.1 343.1 306.5 286.6 255.8 239.1 156.3 143.3 121.1 102.3 91.1 79.3 66.8 54.9 48.5 42.4 34.4 31.7 22.8 18.8
Operating Expenses
R&D Expenses 705 691 666 660 663 674 647 649 656 635.1 619 610 600 615.6 565.7 547.8 541.5 537.7 455.6 444.3 441.6 439.1 420.0 418.7 443.5 422.2 401.7 378.1 347.8 337.4 318.0 292.8 263.6 253.5 239.6 221.1 196.4 191.6 185.3 161.9 141.8 89.0 85.3 77.5 65.2 55.3 49.3 41.2 36.3 30.3 28.1 23.6 20.8 18.3 16.4
SG&A Expenses 895 926 911 857 835 839 818 813 773 748.2 714 693 687 666.1 623.9 599.0 563.2 549.6 488.0 471.7 438.7 452.9 404.9 375.8 413.7 415.4 375.7 365.8 357.4 337.8 384.9 267.6 248.4 239.4 232.3 227.7 206.9 221.2 207.3 180.6 168.8 117.7 109.5 105.4 89.2 83.8 70.3 57.9 51.3 49.0 55.2 37.2 30.9 27.6 21.8
Other Expenses 0 0 5 1 166 84 0 1 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 1,600 1,617 1,582 1,518 1,664 1,597 1,465 1,463 1,437 1,383.3 1,333 1,303 1,286.7 1,281.7 1,189.6 1,146.8 1,104.7 1,087.3 943.6 916.0 880.3 892.0 824.9 794.4 857.2 837.6 777.4 743.9 705.2 675.2 702.9 560.5 511.9 492.9 471.9 448.8 403.4 412.7 392.6 342.5 310.6 206.7 194.7 182.9 154.4 139.1 119.7 99.1 87.6 79.2 83.3 60.8 51.7 45.9 38.2
Operating Income
Operating Income 338 304 259 248 39 75 165 111 64 78.7 88 36 (36.1) (89.0) (26.3) (34.1) (72.8) (101.0) 23.9 (1.1) (38.3) (73.3) (14.1) (16.8) (144.5) (146.1) (110.2) (122.5) (123.4) (120.3) (182.8) (89.0) (71.3) (81.3) (80.1) (81.6) (60.2) (106.2) (105.9) (86.7) (71.5) (50.4) (51.5) (61.8) (52.1) (48.0) (40.4) (32.3) (32.6) (30.7) (40.9) (26.4) (20.0) (23.1) (19.4)
Interest Expense 26 28 29 29 29 28 29 28 29 28.4 29 29 29 28.5 29.6 30.2 14.0 4.1 4.2 4.2 4.2 15.6 16.4 19.3 17.5 16.4 16.2 14.5 11.6 12.0 12.3 17.5 18.3 18.4 12.3 6.8 7.0 7.0 7.2 7.9 8.0 7.8 7.8 7.8 7.7 7.7 7.7 3.9 0.4 0 0.4 0.3 0 0 0
Interest Income 52 55 84 88 93 83 86 88 93 86.7 80 72 63 47.2 31.3 15.2 4.0 1.0 1.2 1.3 2.0 2.3 3.6 5.0 7.9 8.9 10.8 11.2 10.3 8.5 7.0 14.7 12.2 9.8 6.4 5.1 4.0 3.4 2.8 2.9 2.2 0.9 0.7 0.7 0.7 0.6 0.6 0.5 0.4 0 0.1 0.1 0 0 0
Profitability
EBITDA 447 361 452 414 216 239 337 275 227 237.9 227 182 105.9 40.6 99.3 56.0 10.9 9.0 136.8 191.4 39.3 22.1 67.3 64.3 (66.4) (37.7) (25.9) (40.4) (43.5) (33.5) (86.2) (27.6) (18.1) (35.4) (36.8) (40.4) (23.1) (68.9) (71.4) (73.3) (43.2) (34.3) (36.1) (46.5) (38.9) (36.5) (30.3) (23.8) (25.9) (24.7) (36.3) (22.7) (16.4) (20.1) (16.9)
EBIT 355 264 367 333 132 148 256 196 152 166.4 158 111 35.5 (49.4) 7.5 (36.7) (79.0) (79.7) 49.7 106.1 (43.2) (53.0) (6.6) (8.9) (137.9) (112.8) (98.2) (108.1) (104.6) (93.1) (143.8) (69.9) (56.8) (70.0) (71.5) (73.9) (54.9) (101.6) (101.8) (100.0) (69.3) (50.8) (51.7) (61.0) (51.4) (47.2) (39.6) (31.9) (32.5) (30.5) (40.8) (26.7) (20.0) (23.1) (19.4)
Income Before Tax 355 264 338 304 103 120 227 168 123 138.0 129 82 6.9 (77.9) (22.2) (66.9) (93.0) (83.8) 45.5 101.9 (47.4) (68.6) (22.9) (28.2) (155.4) (129.2) (114.4) (122.6) (116.2) (105.1) (156.1) (87.4) (75.1) (88.4) (83.8) (80.7) (61.9) (108.5) (109.0) (107.9) (77.4) (58.7) (59.5) (68.7) (59.1) (54.9) (47.3) (35.8) (32.9) (30.8) (41.2) (27.0) (20.0) (23.5) (19.7)
Income Tax Expense 133 119 86 76 35 26 34 36 16 (1,050.5) 15 3 6.8 47.8 52.6 (2.7) 9.2 (10.6) 2.1 (3.9) (0.8) 3.1 1.4 (0.2) 2.9 (1.3) 1.3 (1.9) 0.0 (0.8) (2.8) (1.2) (0.7) 0.7 1.7 1.8 2.2 (3.0) 1.1 (0.1) 1.1 0.8 0.4 0.5 0.3 1.1 0.2 0.2 0.1 0.1 0.1 (0.1) 0.1 0.1 0.0
Net Income 222 145 252 228 68 94 193 132 107 1,188.5 114 79 0.1 (125.7) (74.7) (64.2) (102.2) (73.3) 43.4 105.7 (46.5) (71.7) (24.3) (28.0) (158.4) (128.0) (115.7) (120.7) (116.3) (104.4) (153.3) (86.2) (74.4) (89.1) (85.5) (82.5) (64.0) (105.6) (110.1) (107.8) (78.5) (59.5) (59.9) (69.2) (59.4) (56.0) (47.5) (36.0) (33.0) (30.9) (41.3) (26.9) (20.1) (23.6) (19.7)
Per Share Data
EPS (Basic) 0.87 0.55 0.95 0.85 0.26 0.35 0.73 0.50 0.40 4.52 0.43 0.30 0.00 -0.49 -0.29 -0.25 -0.41 -0.29 0.17 0.43 -0.19 -0.30 -0.10 -0.12 -0.68 -0.56 -0.51 -0.53 -0.52 -0.47 -0.70 -0.40 -0.35 -0.42 -0.41 -0.40 -0.31 -0.52 -0.57 -0.55 -0.40 -0.32 -0.33 -0.38 -0.32 -0.32 -0.27 -0.21 -0.20 -0.19 -0.26 -0.17 -0.09 -0.10 -0.09
EPS (Diluted) 0.87 0.55 0.94 0.84 0.25 0.35 0.72 0.49 0.40 4.42 0.43 0.30 0.00 -0.49 -0.29 -0.25 -0.41 -0.29 0.17 0.41 -0.19 -0.30 -0.10 -0.12 -0.68 -0.56 -0.51 -0.53 -0.52 -0.47 -0.70 -0.40 -0.35 -0.42 -0.41 -0.40 -0.31 -0.52 -0.57 -0.55 -0.40 -0.32 -0.33 -0.38 -0.32 -0.32 -0.27 -0.21 -0.20 -0.19 -0.26 -0.17 -0.09 -0.10 -0.09
Shares Outstanding 253.9 261.3 266.4 266.8 266.5 265.8 265.4 265.3 264.4 263.1 262.2 261.2 258.8 257.3 255.8 254.4 249.2 250.0 248.5 246.9 243.7 239.0 238.1 236.0 232.9 230.5 228.5 226.4 223.3 220.4 217.7 215.9 213.1 210.9 209.2 207.0 203.8 201.5 199.5 197.2 194.5 185.7 184.3 184.3 183.1 175.2 174.4 173.4 168.1 161.9 161.1 160.3 228.5 226.1 228.5
Metric 2027 Q1 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Current Assets
Cash & Cash Equivalents 559 1,501 2,609 1,264 972 1,543 1,311 1,635 1,752 2,012 1,563.9 1,435.7 1,443.7 1,886 1,576.0 2,486.5 2,776.3 1,534.3 1,297.3 1,087.1 959.4 1,384.2 1,067.0 1,239.7 1,214.2 731.1 912.7 619.5 781.8 638.6 540.4 1,693.7 1,036.0 1,134.4 1,337.0 748.6 498.9 539.9 386.6 405.5 404.6
Short-Term Investments 3,794 3,942 4,234 6,922 6,998 6,474 5,846 5,738 5,430 5,801 5,316.0 5,221.4 4,885.3 4,235 3,916.1 3,806.4 3,479.0 2,109.9 2,257.7 2,220.9 2,035.2 2,151.5 1,880.8 1,513.8 1,384.8 1,213.4 1,191.8 1,307.0 1,110.1 1,139.9 1,041.7 1,291.4 2,329.6 2,133.5 1,874.1 1,349.2 1,616.8 1,456.8 1,527.2 1,662.4 1,675.5
Net Receivables 1,575 2,332 1,750 1,671 1,426 2,003 1,452 1,292 1,133 1,639 1,224.8 1,270.9 1,089.3 1,570.1 1,040.5 1,105.3 778.1 1,242.5 865.0 872.8 647.2 1,032.5 742.7 694.3 584.2 877.6 615.5 613.4 542.8 704.7 486.0 457.5 354.2 528.2 349.3 370.6 297.9 409.8 268.9 248.7 193.1
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 664 654 582 272 299 258 225 298 308 243 261.8 255.0 262.9 226.1 266.6 241.4 253.0 174.4 137.9 150.3 140.3 111.2 157.7 161.0 166.6 172.0 145.5 163.5 148.1 136.7 132.5 105.2 97.4 97.9 77.0 63.9 68.4 66.6 88.8 90.9 22.8
Total Current Assets 6,592 8,429 9,175 10,129 9,695 10,278 8,834 8,963 8,642 9,707 8,366.6 8,183.0 7,681.1 7,917.2 6,799.2 7,639.6 7,286.4 5,061.1 4,557.9 4,331.0 3,782.0 4,679.3 3,848.2 3,608.8 3,349.9 2,994.2 2,865.6 2,703.5 2,582.8 2,619.8 2,200.7 3,547.8 3,817.2 3,893.9 3,637.5 2,532.2 2,482.0 2,473.1 2,271.5 2,407.4 2,372.1
Non-Current Assets
Property, Plant & Equipment 1,827 1,812 1,853 1,840 1,495 1,575 1,598 1,598 1,561 1,523 1,472.5 1,484.0 1,472.8 1,450.5 1,487.2 1,519.4 1,438.2 1,370.9 1,389.9 1,411.3 1,436.6 1,386.5 1,392.2 1,282.1 1,247.3 1,227.1 1,218.2 1,214.3 1,165.9 796.9 735.4 678.5 611.3 546.6 487.2 438.8 404.1 365.9 334.3 255.1 254.7
Goodwill 5,228 5,229 4,263 3,478 3,478 3,478 3,479 3,257 3,257 2,846 2,846.5 2,840.0 2,840.0 2,840.0 2,840.0 2,840.0 2,840.0 2,840.0 2,428.5 2,362.2 2,362.2 1,819.6 1,819.6 1,819.3 1,819.3 1,819.3 1,389.3 1,389.3 1,379.1 1,379.1 1,377.6 175.1 159.4 159.4 158.4 158.5 158.2 158.4 158.2 52.8 50.7
Intangible Assets 645 681 549 320 364 386 409 357 376 259 276.4 290.6 312.9 326.0 347.6 368.9 391.3 413.8 387.2 397.7 418.2 266.4 278.2 293.1 309.7 326.3 279.9 296.7 313.4 342.1 353.1 56.8 49.5 55.0 43.9 48.7 53.6 60.6 65.9 18.4 16.9
Long-Term Investments 0 0 305 305 310 343 295 278 295 283 288.0 276.2 293.6 285.2 340.0 316.4 302.3 273.4 207.6 157.3 184.7 134.4 129.5 131.0 144.5 84.7 86.9 83.2 68.4 60.7 56.9 34.5 31.6 29.2 24.3 19.2 14.5 14.0 14.0 13.6 28.8
Other Non-Current Assets 1,054 1,094 701 930 857 878 778 759 754 769 668.8 651.6 642.8 654.6 566.3 554.9 529.9 527.7 460.1 444.8 430.3 422.2 370.2 359.7 350.4 358.0 311.4 300.6 310.0 317.6 272.9 270.2 256.7 261.4 211.6 205.9 192.6 192.0 78.7 82.5 23.5
Total Non-Current Assets 9,499 9,645 8,576 7,832 7,517 7,699 7,590 7,271 7,299 6,745 5,559.3 5,552.3 5,571.7 5,569.1 5,590.6 5,609.9 5,512.7 5,437.4 4,883.0 4,782.8 4,842.0 4,039.1 3,996.8 3,892.6 3,877.6 3,822.2 3,290.1 3,288.7 3,241.4 2,901.0 2,799.6 1,217.3 1,110.6 1,053.5 927.2 874.9 826.7 795.2 651.0 422.4 404.0
Total Assets 16,091 18,074 17,751 17,961 17,212 17,977 16,424 16,234 15,941 16,452 13,925.9 13,735.3 13,252.8 13,486.2 12,389.8 13,249.5 12,799.1 10,498.5 9,440.9 9,113.8 8,624.0 8,718.4 7,845.0 7,501.5 7,227.5 6,816.4 6,155.6 5,992.2 5,824.2 5,520.7 5,000.3 4,765.1 4,927.8 4,947.4 4,564.7 3,407.1 3,308.7 3,268.3 2,922.6 2,829.8 2,776.2
Current Liabilities
Account Payables 116 142 103 100 92 108 74 87 76 78 79.3 88.8 113.3 153.8 75.8 60.7 123.4 55.5 47.9 53.1 48.1 75.6 54.9 57.8 35.4 57.6 35.6 32.5 35.1 29.1 28.8 32.9 30.2 21.0 35.8 39.9 28.2 26.8 28.4 17.1 19.0
Short-Term Debt 1,129 130 117 110 98 99 102 0 0 0 98.3 98.8 95.0 91.3 90.2 1,240.5 1,228.7 1,302.9 1,295.7 1,284.0 1,272.8 1,196.1 1,175.6 113.3 336.9 310.5 308.6 1,298.7 299.5 232.5 229.7 226.9 570.3 341.5 336.9 332.4 0 0 0 0 0
Deferred Revenue 4,325 5,010 3,871 3,852 3,812 4,467 3,447 3,549 3,552 4,057 3,196.6 3,309.0 3,227.6 3,559.4 2,815.6 2,888.8 2,820.1 3,110.9 2,423.3 2,454.4 2,361.1 2,556.6 2,000.4 2,003.5 2,012.1 2,223.2 1,795.3 1,796.4 1,734.4 1,837.6 1,460.7 1,393.8 1,319.8 1,426.2 1,129.0 1,118.6 1,079.9 1,086.2 900.4 854.8 798.1
Other Current Liabilities 457 1,096 926 346 271 296 323 292 254 287 234.9 259.4 227.5 260.1 335.0 293.6 246.9 195.6 196.3 178.9 208.6 169.3 129.8 125.8 111.7 130.1 109.8 114.5 129.2 123.5 131.2 120.0 113.0 121.9 108.1 80.4 71.2 61.6 66.1 76.7 86.8
Total Current Liabilities 6,535 6,378 5,017 4,945 4,821 5,548 4,422 4,513 4,428 5,055 4,029.4 4,182.0 4,044.1 4,628.2 3,723.4 4,857.9 4,781.4 5,067.9 4,275.1 4,274.1 4,210.8 4,282.6 3,625.2 2,553.1 2,771.0 2,969.4 2,491.4 3,434.3 2,443.1 2,430.7 2,055.9 1,913.9 2,196.7 2,058.9 1,749.5 1,676.6 1,289.4 1,285.2 1,098.1 1,007.6 970.3
Non-Current Liabilities
Long-Term Debt 1,990 2,987 2,986 2,985 2,985 2,984 2,983 2,982 2,981 2,980 2,978.8 2,977.8 2,976.9 2,975.9 2,975.0 2,974.0 2,973.1 617.4 636.0 654.6 673.3 691.9 701.2 1,752.0 1,508.8 1,018.0 1,006.4 0 983.5 972.3 961.1 950.1 939.2 1,149.8 1,136.5 216.0 541.4 534.4 527.5 520.8 514.1
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 127 129 109 113 112 52 53 48 40 38 31.8 48.4 44.7 40.2 22.5 22.4 22.3 24.2 40.4 43.7 56.1 35.9 18.8 21.8 13.2 15.0 15.8 14.5 11.1 47.7 40.4 36.4 39.4 47.4 38.3 39.9 36.7 36.7 36.3 36.4 35.7
Total Non-Current Liabilities 2,873 3,891 3,855 3,844 3,472 3,395 3,378 3,376 3,350 3,315 3,271.6 3,278.8 3,266.8 3,272.5 3,257.3 3,263.9 3,236.9 895.6 950.0 971.8 1,007.8 1,157.9 1,141.8 2,109.9 1,854.5 1,360.4 1,345.1 347.6 1,336.3 1,131.6 1,111.3 1,075.9 1,073.9 1,308.2 1,274.9 360.2 698.4 706.4 687.0 681.4 677.7
Total Liabilities 9,408 10,269 8,872 8,789 8,293 8,943 7,800 7,889 7,778 8,370 7,301.0 7,460.8 7,310.9 7,900.7 6,980.7 8,121.7 8,018.3 5,963.4 5,225.1 5,245.9 5,218.6 5,440.6 4,767.0 4,663.0 4,625.5 4,329.8 3,836.5 3,781.9 3,779.4 3,562.3 3,167.2 2,989.8 3,270.5 3,367.1 3,024.4 2,036.7 1,987.9 1,991.7 1,785.1 1,689.0 1,648.0
Stockholders' Equity
Common Stock 0 0 0 0 0 0 0 0 0 0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Retained Earnings (290) (512) (657) (909) (1,137) (1,205) (1,299) (1,492) (1,624) (1,731) (2,918.8) (3,032.5) (3,111.2) (3,111.3) (2,985.6) (2,910.9) (2,846.8) (2,744.6) (2,671.3) (2,714.7) (2,820.5) (2,910.0) (2,838.3) (2,813.9) (2,785.9) (2,627.4) (2,499.4) (2,383.7) (2,263.0) (2,146.3) (2,041.8) (1,888.0) (1,801.8) (1,727.9) (1,638.8) (1,553.2) (1,470.7) (1,406.9) (1,415.0) (1,300.9) (1,192.9)
Accumulated Other Comprehensive Income (125) (136) (69) (74) (44) 84 16 19 17 21 33.2 (6.8) 42.6 53.1 104.1 63.0 43.1 7.7 (20.6) (44.1) (60.4) (55.0) 1.1 0.6 57.5 23.5 24.6 32.5 13.1 (0.8) 3.8 (12.4) (30.8) (46.4) (16.3) (22.2) (0.2) 2.1 2.6 (2.6) (9.0)
Total Stockholders' Equity 6,683 7,805 8,879 9,172 8,919 9,034 8,624 8,345 8,163 8,082 6,624.9 6,274.6 5,941.9 5,585.6 5,409.1 5,127.8 4,780.8 4,535.1 4,215.8 3,868.0 3,405.4 3,277.8 3,078.1 2,838.5 2,602.0 2,486.6 2,319.2 2,210.3 2,044.7 1,958.4 1,833.1 1,775.2 1,657.3 1,580.4 1,540.3 1,370.4 1,320.9 1,276.6 1,137.5 1,140.8 1,128.2
Total Liabilities & Equity 16,091 18,074 17,751 17,961 17,212 17,977 16,424 16,234 15,941 16,452 13,925.9 13,735.3 13,252.8 13,486.2 12,389.8 13,249.5 12,799.1 10,498.5 9,440.9 9,113.8 8,624.0 8,718.4 7,845.0 7,501.5 7,227.5 6,816.4 6,155.6 5,992.2 5,824.2 5,520.7 5,000.3 4,765.1 4,927.8 4,947.4 4,564.7 3,407.1 3,308.7 3,268.3 2,922.6 2,829.8 2,776.2
Debt Metrics
Total Debt 3,805 3,821 3,793 3,776 3,393 3,362 3,363 3,364 3,344 3,296 3,276.0 3,268.8 3,254.9 3,249.1 3,261.3 4,428.0 4,384.0 2,102.8 2,134.6 2,147.9 2,159.7 2,238.1 2,229.7 2,136.9 2,099.9 1,569.9 1,552.3 1,542.6 1,529.1 1,204.8 1,190.8 1,177.0 1,509.5 1,491.4 1,473.4 548.5 541.4 534.4 527.5 520.8 514.1
Net Debt 3,246 2,320 1,184 2,512 2,421 1,819 2,052 1,729 1,592 1,284 1,712.0 1,833.1 1,811.3 1,363 1,685.3 1,941.5 1,607.7 568.5 837.4 1,060.8 1,200.3 853.9 1,162.6 897.2 885.7 838.7 639.6 923.1 747.3 566.2 650.4 (516.7) 473.4 357.0 136.4 (200.1) 42.5 (5.5) 141.0 115.2 109.5
Metric 2027 Q1 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Operating Activities
Net Income 222 693 252 228 68 94 193 132 107 1,188 113.7 78.7 0.1 (125.7) (74.7) (64.2) (102.2) (73.3) 43.4 105.7 (46.5) (71.7) (24.3) (28.0) (158.4) (128.0) (115.7) (120.7) (116.3) (104.4) (153.3) (86.2) (74.4) (89.1) (85.5) (82.5) (64.0) (105.6) (114.1) (108.0) (80.6)
Depreciation & Amortization 92 97 85 81 84 91 81 79 75 130 68.6 71.4 119 90.0 91.9 92.7 89.8 88.8 87.1 85.4 82.5 75.1 73.9 73.2 71.5 75.1 72.2 67.8 61.2 59.6 57.6 42.2 38.7 34.6 35.0 34.0 33.4 32.6 30.5 26.7 26.1
Stock-Based Compensation 409 399 376 392 459 397 368 370 385 345.4 349.3 351.9 369 361.3 314.2 308.0 311.5 292.2 279.0 264.7 264.6 257.1 259.8 251.2 236.7 234.4 231.0 208.9 185.2 184.8 188.0 147.1 132.7 126.6 122.5 121.5 107.8 105.7 100.1 88.2 78.2
Change in Working Capital (235) 455 (256) (233) (295) 442 (291) (109) (260) 400.2 (119.8) (108.4) (206.0) 283.5 9.7 (315.3) 70.3 274.3 (61.0) (198.9) 93.6 246.9 (69.8) (213.4) 50.2 84.1 14.1 (103.3) 37.6 86.8 22.5 (75.2) 62.1 33.4 46.7 (80.1) 79.6 66.4 41.6 (30.3) 125.6
Other Non-Cash Items 115 (439) 70 82 123 93 50 72 59 (9.9) 68.9 32.5 (4.8) 85.4 67.6 93.1 70.3 53.5 61.3 47.8 58.2 46.4 54.2 74.2 63.6 31.4 56.4 47.7 41.4 23.6 (0.5) 29.7 25.2 20.4 25.5 22.7 23.3 10.3 13.4 14.7 12.2
Operating Cash Flow 696 1,278 588 616 457 1,112 406 571 372 995.6 450.8 425.3 277.3 694.5 408.7 114.4 439.7 615.1 384.7 198.5 452.4 553.7 293.8 157.2 263.7 297.1 258.0 100.3 209.2 250.5 114.3 57.6 184.2 126.5 144.0 15.1 180.0 109.5 71.5 6.3 161.5
Investing Activities
Capital Expenditure (80) (60) (38) (28) (36) (86) (49) (55) (81) (46.7) (59.2) (63.8) (68.3) (73.5) (59.4) (168.6) (58.8) (81.4) (33.3) (87.8) (69.8) (51.6) (78.2) (66.6) (59.9) (48.3) (55.2) (75.6) (65.5) (54.3) (55.4) (54.3) (48.9) (47.1) (36.4) (38.5) (30.6) (32.3) (27.5) (26.5) (34.5)
Acquisitions 0 (1,106) (974) 0 0 (1) (302) (10) (512) 0.5 (8.5) 63.8 0 0 0 0 0 (450.3) (60.6) 87.8 (679.2) 51.6 78.2 66.6 59.9 (460.7) 55.2 (12.9) 65.5 54.3 (1,447.6) (26.7) 48.9 (5.7) 36.4 38.5 (0.1) 32.3 (144.2) (3.7) (54.0)
Purchases of Investments (200) (274) (241) (877) (1,349) (1,664) (995) (1,372) (778) (1,410.3) (1,272.9) (1,585.3) (1,898.4) (1,535.0) (2,314.2) (1,331.4) (2,025.6) (580.2) (749.0) (841.4) (811.2) (772.9) (811.3) (608.9) (606.2) (376.5) (384.7) (588.4) (473.3) (476.5) (118.7) (527.2) (910.5) (692.2) (936.1) (290.2) (613.7) (345.5) (380.6) (557.4) (634.1)
Sales/Maturities of Investments 368 575 2,940 918 862 1,024 896 1,091 1,113 975.9 1,170.0 1,265.1 1,254.0 1,232.2 2,205.6 1,013.2 613.7 672.4 676.1 789.9 869.9 526.4 427.9 474.6 391.3 347.8 494.3 390.3 511.0 383.5 390.9 1,570.1 714.0 426.7 405.6 553.1 450.9 417.6 512.9 568.3 625.8
Other Investing Activities 9 21 0 0 0 0 0 0 0 0 (1.4) (65.1) (0.3) (3.3) (0.2) (0.2) (0.0) (0.0) (0.0) (87.8) (171.4) (52.4) (79.3) (68.3) (62.4) (3.7) (77.0) (34.2) (105.1) (109.4) (37.3) (49.5) (88.1) (43.7) (65.0) (61.5) (29.4) (53.7) (55.8) (11.5) 35.4
Investing Cash Flow 97 (844) 1,687 13 (523) (727) (450) (346) (258) (480.7) (172.0) (385.3) (713.0) (380.1) (168.1) (487.0) (1,470.7) (439.5) (166.9) (139.3) (861.7) (299.0) (462.7) (202.6) (277.3) (541.4) 32.6 (320.7) (67.4) (202.4) (1,268.1) 912.3 (284.6) (362.0) (595.5) 201.3 (222.9) 18.5 (95.2) (30.8) (61.3)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.5) (1,149.6) (0.0) 2,284.1 (9.4) (9.4) (9.4) (9.4) (9.4) (9.4) 0.1 497.8 0 (0.0) (0.0) 0 (0.0) (0.0) (350.0) 0 0 1,132.1 0 0 0 0 0 0
Stock Repurchased (1,587) (1,504) (803) (299) (290) (103) (158) (312) (128) (139.7) (144.7) (138.6) 0 (74.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (146) (121) (124) (161) (211) (51) (124) (141) (239) 0.5 (0.1) (0.1) (0.3) 0.3 (0.2) (0.2) (7.4) (0.1) (0.0) (0.2) (0.2) (0.2) (0.2) (0.2) (2.0) (0.1) (0.2) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) 80.7 (175.6) (0.0) (0.0) 25.4 0.4 25.6 3.8
Financing Cash Flow (1,733) (1,544) (926) (349) (501) (154) (282) (347) (367) (66.7) (149.6) (48.6) (3.2) (7.9) (1,149.1) 83.1 2,277.7 62.5 (7.5) 66.3 (11.0) 60.8 (5.9) 70.8 499.3 62.2 1.6 58.0 3.4 49.4 2.7 (311.4) 2.6 32.5 1,039.3 32.2 2.2 25.4 4.9 25.6 3.8
Cash Position
Net Change in Cash (941) (1,109) 1,349 281 (566) 231 (326) (122) (253) 447.7 128.4 (8.5) (438.9) 307.6 (909.4) (289.7) 1,246.0 237.5 210.3 125.1 (420.1) 316.4 (174.7) 26.1 485.4 (182.1) 292.2 (162.4) 144.8 97.7 (1,151.3) 658.4 (98.2) (202.4) 587.6 249.4 (40.8) 153.4 (19.0) 0.9 104.5
Cash at Beginning 1,509 2,618 1,269 988 1,554 1,323 1,649 1,771 2,024 1,576.3 1,447.8 1,456.3 1,895.2 1,587.7 2,497.0 2,786.7 1,540.7 1,303.3 1,092.9 967.8 1,387.9 1,071.5 1,246.2 1,220.1 734.7 916.9 624.6 787.0 642.2 544.5 1,695.8 1,037.4 1,135.7 1,338.1 750.5 501.1 541.9 386.6 405.5 404.6 300.1
Cash at End 568 1,509 2,618 1,269 988 1,554 1,323 1,649 1,771 2,024 1,576.3 1,447.8 1,456.3 1,895.2 1,587.7 2,497.0 2,786.7 1,540.7 1,303.3 1,092.9 967.8 1,387.9 1,071.5 1,246.2 1,220.1 734.7 916.9 624.6 787.0 642.2 544.5 1,695.8 1,037.4 1,135.7 1,338.1 750.5 501.1 539.9 386.6 405.5 404.6
Free Cash Flow 616 1,218 550 588 421 1,026 357 516 291 948.9 391.6 361.5 209.0 620.9 349.3 (54.2) 381.0 533.8 351.3 110.7 382.6 502.1 215.6 90.7 203.7 248.8 202.8 24.7 143.6 196.2 58.9 3.3 135.4 79.5 107.7 (23.4) 149.4 77.2 43.9 (20.3) 127.0
Key Metrics 2027 Q1 2026 Q4 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3
Income Statement
Revenue 2,542 2,532 2,432 2,348 2,240 2,211 2,160 2,085 1,990 1,922.2 1,866 1,787 1,668.0 1,646.3 1,599.1 1,535.8 1,434.7 1,376.1 1,327.3 1,260.4 1,175.0 1,131.7 1,106.0 1,062.0 1,018.4 976.3 938.1 887.8 825.1 788.6 743.2 671.7 618.6 582.5 555.4 525.3 479.9 436.7 413.5 373.7 347.7 226.3 215.1 186.8 159.7 141.9 127.9 107.6 91.6 81.5 72.6 62.7 56.8 43.2 36.5
Gross Profit 1,938 1,921 1,841 1,766 1,703 1,672 1,630 1,574 1,501 1,462.0 1,421 1,339 1,250.5 1,192.8 1,163.3 1,112.7 1,031.8 986.3 967.5 914.8 842.0 818.6 810.8 777.7 712.8 691.5 667.2 621.4 581.8 554.9 520.2 471.5 440.7 411.5 391.8 367.1 343.1 306.5 286.6 255.8 239.1 156.3 143.3 121.1 102.3 91.1 79.3 66.8 54.9 48.5 42.4 34.4 31.7 22.8 18.8
Operating Income 338 304 259 248 39 75 165 111 64 78.7 88 36 (36.1) (89.0) (26.3) (34.1) (72.8) (101.0) 23.9 (1.1) (38.3) (73.3) (14.1) (16.8) (144.5) (146.1) (110.2) (122.5) (123.4) (120.3) (182.8) (89.0) (71.3) (81.3) (80.1) (81.6) (60.2) (106.2) (105.9) (86.7) (71.5) (50.4) (51.5) (61.8) (52.1) (48.0) (40.4) (32.3) (32.6) (30.7) (40.9) (26.4) (20.0) (23.1) (19.4)
Net Income 222 145 252 228 68 94 193 132 107 1,188.5 114 79 0.1 (125.7) (74.7) (64.2) (102.2) (73.3) 43.4 105.7 (46.5) (71.7) (24.3) (28.0) (158.4) (128.0) (115.7) (120.7) (116.3) (104.4) (153.3) (86.2) (74.4) (89.1) (85.5) (82.5) (64.0) (105.6) (110.1) (107.8) (78.5) (59.5) (59.9) (69.2) (59.4) (56.0) (47.5) (36.0) (33.0) (30.9) (41.3) (26.9) (20.1) (23.6) (19.7)
EPS (Diluted) 0.87 0.55 0.94 0.84 0.25 0.35 0.72 0.49 0.40 4.42 0.43 0.30 0.00 -0.49 -0.29 -0.25 -0.41 -0.29 0.17 0.41 -0.19 -0.30 -0.10 -0.12 -0.68 -0.56 -0.51 -0.53 -0.52 -0.47 -0.70 -0.40 -0.35 -0.42 -0.41 -0.40 -0.31 -0.52 -0.57 -0.55 -0.40 -0.32 -0.33 -0.38 -0.32 -0.32 -0.27 -0.21 -0.20 -0.19 -0.26 -0.17 -0.09 -0.10 -0.09
Balance Sheet
Cash & Equivalents 559 1,501 2,609 1,264 972 1,543 1,311 1,635 1,752 2,012 1,563.9 1,435.7 1,443.7 1,886 1,576.0 2,486.5 2,776.3 1,534.3 1,297.3 1,087.1 959.4 1,384.2 1,067.0 1,239.7 1,214.2 731.1 912.7 619.5 781.8 638.6 540.4 1,693.7 1,036.0 1,134.4 1,337.0 748.6 498.9 539.9 386.6 405.5 404.6
Total Assets 16,091 18,074 17,751 17,961 17,212 17,977 16,424 16,234 15,941 16,452 13,925.9 13,735.3 13,252.8 13,486.2 12,389.8 13,249.5 12,799.1 10,498.5 9,440.9 9,113.8 8,624.0 8,718.4 7,845.0 7,501.5 7,227.5 6,816.4 6,155.6 5,992.2 5,824.2 5,520.7 5,000.3 4,765.1 4,927.8 4,947.4 4,564.7 3,407.1 3,308.7 3,268.3 2,922.6 2,829.8 2,776.2
Total Debt 3,805 3,821 3,793 3,776 3,393 3,362 3,363 3,364 3,344 3,296 3,276.0 3,268.8 3,254.9 3,249.1 3,261.3 4,428.0 4,384.0 2,102.8 2,134.6 2,147.9 2,159.7 2,238.1 2,229.7 2,136.9 2,099.9 1,569.9 1,552.3 1,542.6 1,529.1 1,204.8 1,190.8 1,177.0 1,509.5 1,491.4 1,473.4 548.5 541.4 534.4 527.5 520.8 514.1
Stockholders' Equity 6,683 7,805 8,879 9,172 8,919 9,034 8,624 8,345 8,163 8,082 6,624.9 6,274.6 5,941.9 5,585.6 5,409.1 5,127.8 4,780.8 4,535.1 4,215.8 3,868.0 3,405.4 3,277.8 3,078.1 2,838.5 2,602.0 2,486.6 2,319.2 2,210.3 2,044.7 1,958.4 1,833.1 1,775.2 1,657.3 1,580.4 1,540.3 1,370.4 1,320.9 1,276.6 1,137.5 1,140.8 1,128.2
Cash Flow
Operating Cash Flow 696 1,278 588 616 457 1,112 406 571 372 995.6 450.8 425.3 277.3 694.5 408.7 114.4 439.7 615.1 384.7 198.5 452.4 553.7 293.8 157.2 263.7 297.1 258.0 100.3 209.2 250.5 114.3 57.6 184.2 126.5 144.0 15.1 180.0 109.5 71.5 6.3 161.5
Capital Expenditure (80) (60) (38) (28) (36) (86) (49) (55) (81) (46.7) (59.2) (63.8) (68.3) (73.5) (59.4) (168.6) (58.8) (81.4) (33.3) (87.8) (69.8) (51.6) (78.2) (66.6) (59.9) (48.3) (55.2) (75.6) (65.5) (54.3) (55.4) (54.3) (48.9) (47.1) (36.4) (38.5) (30.6) (32.3) (27.5) (26.5) (34.5)
Free Cash Flow 616 1,218 550 588 421 1,026 357 516 291 948.9 391.6 361.5 209.0 620.9 349.3 (54.2) 381.0 533.8 351.3 110.7 382.6 502.1 215.6 90.7 203.7 248.8 202.8 24.7 143.6 196.2 58.9 3.3 135.4 79.5 107.7 (23.4) 149.4 77.2 43.9 (20.3) 127.0