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WDAY
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WDAYWorkday, Inc.
$192.90$50.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
WDAY logo

Workday, Inc.

WDAY
NASDAQ · Enterprise Software
$192.90
At close - USD
Market Cap$50.53B
P/E74.8x
52W High$236.80
Volume2.03M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q2

Subscription Strength Offsets Margin and Dilution Headwinds

Workday's investment thesis is anchored in its dominant position in cloud-based HCM and Financials, evidenced by a stable 75%+ gross margin and a growing deferred revenue base of $4.5B.

GrowthDecelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

WDAY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+155% Peers

P/E is 155% above peer median

03

Market leadership

RS 91 · Leader

High momentum (Outperforming 91% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystConfirmed earnings · Nov 24
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has decelerated to 12.9% in 2027Q2, yet operating income expanded 27.8% YoY, suggesting emerging operating leverage despite gross margins remaining stable in the 75-76% range.

Analyst Consensus+4.6% target
Buy(81 analysts)
40 Buy38 Hold3 Sell

The Bull Case

Upside Catalysts

HCM and FINS Growth

Workday's Human Capital Management (HCM) and Financials (FINS) segments are key growth drivers, supporting strong free cash flow growth.

International Expansion

Expanding operations globally presents significant growth opportunities for Workday, enhancing its market reach and revenue potential.

Disciplined Guidance

Workday's disciplined financial guidance underscores its ability to maintain steady growth and operational efficiency.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
WDAY-6.26%
S&P 500 (^GSPC)+7.63%
1-Year Return
WDAY-14.08%
S&P 500 (^GSPC)+9.69%
3-Year Return
WDAY-11.67%
S&P 500 (^GSPC)+63.75%
5-Year Return
WDAY-34.10%
S&P 500 (^GSPC)+51.97%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
38.6x
Forward P/EExpansion
17.4x
EV/EBITDA0th %ile
33.4x
FCF YieldCash Flow
5.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
38.6x
68.1x
0th· Low
EV/EBITDA
33.4x
168.8x
0th· Low
Price/FCF
17.8x
35.6x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$42.43-78.0%
Base (Fair)$88.50-54.1%
Bull$111.97-42.0%
$42.43 Bear$88.50 Base$111.97 Bull
Current Market Price: $192.90
Trades at a 118.0% premium to Base DCF ($88.50)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$9.55B+13.1% YoY
Net income FY26
$693M+31.7% YoY
Free cash flow FY26
$2.78B+26.9% YoY
Operating margin FY26
10.7%+5.8 pts YoY
ROIC (FY26)7.3%
Avg ROIC 5Y-
ROE (FY26)8.2%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 27, 2026
$2.75+5.4%
vs $2.61
$2.6B+0.5%
vs $2.6B
Q2 2026
May 21, 2026
$2.66+6.0%
vs $2.51
$2.5B+1.0%
vs $2.5B
Q1 2026
Feb 24, 2026
$2.47+6.5%
vs $2.32
$2.5B+0.3%
vs $2.5B
Q4 2025
Nov 25, 2025
$2.32+6.9%
vs $2.17
$2.4B+0.6%
vs $2.4B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·2d ago
Workday Named a Leader in 2026 Gartner® Magic Quadrant™ for Cloud ERP for Service-Centric Enterprises for Fifth Consecutive Year

Workday is the Only Vendor to Be Recognized as a Customers' Choice in the Latest Gartner® Peer Insights™ Voice of the Customer for Cloud ERP for Service-Centric Enterprises PLEASANTON, Calif., Nov. 5, 2026 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), the trusted agentic platform for HR, finance, and IT, has been named a Leader in the 2026 Gartner® Magic Quadrant™ for Cloud ERP for Service-Centric Enterprises for the fifth consecutive year.

Seeking Alpha·2d ago
Workday: The Market Is Pricing In Too Much Pessimism

Workday is rated Buy, supported by a 16% sector valuation discount and robust customer retention. WDAY targets 13% subscription revenue growth and 31% non-GAAP operating margin for FY2027, with ~11% growth framework for FY2028. AI agent adoption shows promise, but incremental usage-based revenue and margin impact remain unproven.

Zacks Investment Research·3d ago
Why Workday (WDAY) Outpaced the Stock Market Today

The latest trading day saw Workday (WDAY) settling at $201.84, representing a +1.97% change from its previous close.

Business Wire·4d ago
Chime Expands Partnership with Workday, Bringing Easier Access to Banking and Financial Wellness Benefits to Millions of Employees

SAN FRANCISCO--(BUSINESS WIRE)--Chime® (NASDAQ: CHYM) today announced an expanded partnership with Workday, the trusted agentic platform for HR, finance, and IT, making it easier for millions of employees to choose Chime for direct deposit within Workday — and connect their paycheck to tools that help them save, build credit and get ahead. Through Workday's Enhanced Direct Deposit (EDD) experience, employees of Workday customers can select Chime for direct deposit, without manually entering acc.

Filtered for Workday, Inc.More Headlines
04

Compare before deciding

Benchmark WDAY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Workday, Inc. (WDAY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WDAY logoWDAYWorkday, Inc.Current
$192.90$50.53B74.7713.1%7.26%8.23%—
SAP logoSAPSAP SE
$233.45$272.02B34.877.68%20.41%17.54%1.07%
ORCL logoORCLOracle Corporation
$116.05$333.77B19.9117.35%26.36%42.1%1.71%
NOW logoNOWServiceNow, Inc.
$101.97$105.42B61.0620.88%9.36%11.49%—
INTU logoINTUIntuit Inc.
$341.50$93.41B24.9815.63%21.29%23.42%1.23%
PAYC logoPAYCPaycom Software, Inc.
$237.32$12.95B29.378.95%22.78%40.43%0.64%

Compare WDAY vs Peers

Workday, Inc. (WDAY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SAP

Most directly comparable listed peer for WDAY.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare WDAY against a more recognizable public peer.

Peer Set

Compare Top 5

vs SAP, ORCL, NOW, INTU

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

WDAY SEC Filings & Documents

Workday, Inc. (WDAY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 27, 2026·SEC

Material company update

May 21, 2026·SEC

Material company update

Apr 24, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 6, 2026·SEC

FY 2025

Mar 11, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 27, 2026·SEC

FY 2026

May 22, 2026·SEC

FY 2025

Nov 26, 2025·SEC

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WDAY Frequently Asked Questions

Workday, Inc. (WDAY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Workday, Inc.'s revenue?

Workday, Inc. (WDAY) reported $10.16B in revenue over the trailing twelve months. Revenue was $9.55B in fiscal year 2026. That is 13936% more than the $68.1M of fiscal year 2011.

How fast is Workday, Inc. growing?

Workday, Inc. (WDAY) grew revenue by 13.1% in fiscal year 2026, compared with the prior fiscal year.

Is WDAY profitable?

Yes. Workday, Inc. (WDAY) earned $1.25B in net income over the trailing twelve months (a 12.3% net margin).

Dividend & Returns
What is WDAY's return on equity?

Workday, Inc. (WDAY) had a return on equity (ROE) of 8.2% in fiscal year 2026. That is below the market's typical 10-15%.

What is Workday, Inc.'s free cash flow?

Workday, Inc. (WDAY) generated $2.84B in free cash flow over the trailing twelve months.

What if you invested $1,000 in WDAY back in 2011?

Total return calculator · dividends reinvested · 15+ years of data

See returns →