Workday (WDAY)

Information Technology · $45.6B market cap · SEC CIK 0001327811

Next reports on Nov 24, 2026, after the close, with analysts expecting $2.79 in earnings per share.

52-week range $110.36 to $236.80. 20% below its 52-week high and 71% above its low.

The case for WDAY

• Generated $2.8B of free cash flow in FY2026, 29% of revenue.
• Revenue growing 13.3% year over year.
• Earnings per share up 127.9%.
• Has compounded revenue at 17.2% a year over five years.
• Return on equity of 17%.
• Gross margin of 76% absorbs cost shocks.

The case against

• Current liabilities exceed current assets (ratio 0.91).
• Trailed the S&P 500 by 28 points over the past year.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Information Technology companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Each factor except momentum is half fixed thresholds, half rank among the 73 Information Technology companies.

The financials

The financials, five years deep

Pulled from Workday's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What Workday says it does

Overview 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…

Risk factors WDAY lists in its 10-K

• Any slowdown or failure in our technical operations infrastructure or applications may subject us to liabilities and adversely affect our reputation and operating results
• We depend on data centers and other infrastructure operated by third parties, as well as internet availability, and any disruption in these operations could adversely affect our business and operating results
• The markets in which we participate are intensely competitive, and if we do not compete effectively, our operating results could be adversely affected
• We may lose key employees or be unable to attract, enable, and retain highly skilled employees
• If we are not able to realize a return on the investments we have made toward entering new markets and new lines of business, our business and operating results could be adversely affected
• Our international presence, continued expansion, and sales to customers outside the U.S. or with international operations expose us to risks inherent in global operations
• Our business could be adversely affected if our users are not satisfied with the deployment, training, and support services provided by us and our partners
• Our future success depends on the rate of customer subscription renewals, and our revenues or operating results could be adversely impacted if we do not achieve renewals at expected rates or on anticipated terms
• The use of new and evolving technologies in our offerings at Workday, including generative and agentic AI capabilities, may result in reputational harm and increased litigation, and adversely affect our operating results
• If we fail to develop and maintain widespread positive awareness of our brand, our business may suffer
• If we are unable to successfully integrate our applications with a variety of third-party technologies, our business and operating results could be adversely affected
• Our quarterly results may fluctuate significantly and may not fully reflect the underlying performance of our business
• Catastrophic or climate-related events may disrupt our business
• Our disclosures related to corporate responsibility and sustainability-related matters expose us to risks that could adversely affect our reputation and performance
• Any failure to protect our intellectual property rights domestically and internationally could impair our ability to protect our proprietary technology and our brand
• We may be sued by third parties for alleged infringement of their proprietary rights
• We are subject to risks related to government contracts and related procurement regulations, which may adversely impact our business and operating results
• Adverse litigation results could have a material adverse impact on our business
• Unanticipated tax laws or any change in the application of existing tax laws to us or our customers and unanticipated changes in our effective tax rate may adversely impact our profitability and financial results
• Our current and future indebtedness may adversely affect our financial condition and operating results
• We are subject to risks associated with our equity investments, including partial or complete loss of invested capital, and significant changes in the fair value of this portfolio could adversely impact our financial results
• Our Co-Founders have control over key decision making as a result of their control of a majority of our voting stock
• Our stock price has been volatile in the past and may be subject to volatility in the future
• We may not realize the anticipated long-term stockholder value of our share repurchase programs
• We do not intend to pay dividends for the foreseeable future

Filings

Other Information Technology companies