Workday, Inc. (WDAY) 10-Year Financial Performance & Capital Metrics

WDAY • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

AboutWorkday, Inc. provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. The company also provides cloud spend management solutions that helps organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; Human Capital Management (HCM) solution, a suite of human capital management applications that allows organizations to manage the entire employee lifecycle from recruitment to retirement, and enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences; Workday applications for planning; and applications for analytics and reporting, including augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. It serves professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.Show more

Revenue $8.45B +16.4%
EBITDA $741M +59.4%
Net Income $526M -61.9%
EPS (Diluted) 1.95 -62.6%
Gross Margin 75.5% -0.1%
EBITDA Margin 8.77% +37.0%
Operating Margin 4.91% +94.9%
Net Margin 6.23% -67.3%
ROE 6.15% -69.6%
ROIC 3.08% +83.0%
Debt/Equity 0.37 -8.7%
Interest Coverage 3.64 +126.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 25.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 18.4%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y26.77%

5Y18.42%

3Y18.01%

TTM13.16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y162.74%

TTM-60.38%

EPS CAGR

10Y-

5Y-

3Y153.29%

TTM-60.53%

ROCE

10Y Avg-8.14%

5Y Avg-1.23%

3Y Avg0.73%

Latest3.48%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	1.16B	1.57B	2.14B	2.82B	3.63B	4.32B	5.14B	6.22B	7.26B	8.45B
Revenue Growth %	0.47%	0.36%	0.36%	0.32%	0.29%	0.19%	0.19%	0.21%	0.17%	0.16%
Cost of Goods Sold+	374.43M	483.55M	629.41M	834.95M	1.07B	1.2B	1.43B	1.71B	1.77B	2.07B
COGS % of Revenue	0.32%	0.31%	0.29%	0.3%	0.29%	0.28%	0.28%	0.28%	0.24%	0.24%
Gross Profit+	782.26M	1.09B	1.51B	1.99B	2.56B	3.12B	3.71B	4.51B	5.49B	6.38B
Gross Margin %	0.68%	0.69%	0.71%	0.7%	0.71%	0.72%	0.72%	0.72%	0.76%	0.76%
Gross Profit Growth %	0.5%	0.39%	0.39%	0.31%	0.29%	0.22%	0.19%	0.21%	0.22%	0.16%
Operating Expenses+	1.03B	1.44B	1.82B	2.45B	3.06B	3.37B	3.83B	4.73B	5.3B	5.96B
OpEx % of Revenue	0.89%	0.92%	0.85%	0.87%	0.84%	0.78%	0.74%	0.76%	0.73%	0.71%
Selling, General & Admin	562.11M	763.45M	906.28M	1.24B	1.51B	1.65B	1.95B	2.44B	2.84B	3.25B
SG&A % of Revenue	0.49%	0.48%	0.42%	0.44%	0.42%	0.38%	0.38%	0.39%	0.39%	0.39%
Research & Development	469.94M	680.53M	910.58M	1.21B	1.55B	1.72B	1.88B	2.25B	2.46B	2.63B
R&D % of Revenue	0.41%	0.43%	0.42%	0.43%	0.43%	0.4%	0.37%	0.36%	0.34%	0.31%
Other Operating Expenses	0	0	0	0	0	0	0	40M	0	84M
Operating Income+	-249.79M	-353.09M	-303.22M	-463.28M	-502.23M	-248.6M	-116M	-222M	183M	415M
Operating Margin %	-0.22%	-0.22%	-0.14%	-0.16%	-0.14%	-0.06%	-0.02%	-0.04%	0.03%	0.05%
Operating Income Growth %	-0.16%	-0.41%	0.14%	-0.53%	-0.08%	0.51%	0.53%	-0.91%	1.82%	1.27%
EBITDA+	-163.85M	-247.26M	-167.5M	-265.17M	-225.95M	45.06M	228M	142M	465M	741M
EBITDA Margin %	-0.14%	-0.16%	-0.08%	-0.09%	-0.06%	0.01%	0.04%	0.02%	0.06%	0.09%
EBITDA Growth %	-0.05%	-0.51%	0.32%	-0.58%	0.15%	1.2%	4.06%	-0.38%	2.27%	0.59%
D&A (Non-Cash Add-back)	85.94M	105.83M	135.72M	198.11M	276.28M	293.66M	344M	364M	282M	326M
EBIT	-242.1M	-355.41M	-270.24M	-363.54M	-423.76M	-206.33M	33M	-158M	470M	752M
Net Interest Income+	-27.08M	-18.8M	-19.3M	-17.75M	-17.42M	-50.02M	-12M	-5M	187M	236M
Interest Income	4.86M	11.3M	25.25M	42.46M	41.27M	18.79M	5M	97M	301M	350M
Interest Expense	31.93M	30.1M	44.55M	60.21M	58.69M	68.81M	17M	102M	114M	114M
Other Income/Expense	-24.24M	-32.43M	-11.56M	39.53M	19.78M	-26.54M	132M	-38M	173M	223M
Pretax Income+	-274.03M	-385.51M	-314.79M	-423.75M	-482.45M	-275.13M	16M	-260M	356M	638M
Pretax Margin %	-0.24%	-0.24%	-0.15%	-0.15%	-0.13%	-0.06%	0%	-0.04%	0.05%	0.08%
Income Tax+	1.02M	-814K	6.44M	-5.49M	-1.77M	7.3M	-13M	107M	-1.02B	112M
Effective Tax Rate %	1%	1%	1.02%	0.99%	1%	1.03%	1.81%	1.41%	3.88%	0.82%
Net Income+	-275.05M	-384.7M	-321.22M	-418.26M	-480.67M	-282.43M	29M	-367M	1.38B	526M
Net Margin %	-0.24%	-0.24%	-0.15%	-0.15%	-0.13%	-0.07%	0.01%	-0.06%	0.19%	0.06%
Net Income Growth %	-0.11%	-0.4%	0.17%	-0.3%	-0.15%	0.41%	1.1%	-13.66%	4.76%	-0.62%
Net Income (Continuing)	-275.05M	-384.7M	-321.22M	-418.26M	-480.67M	-282.43M	29M	-367M	1.38B	526M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.53	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.21	1.95
EPS Growth %	-0.13%	-0.35%	0.25%	-0.25%	-0.1%	0.44%	1.1%	-13%	4.62%	-0.63%
EPS (Basic)	-1.53	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.28	1.98
Diluted Shares Outstanding	190.02M	198.21M	207.77M	216.79M	227.19M	237.02M	254.03M	254.82M	265.29M	269.2M
Basic Shares Outstanding	190.02M	198.21M	207.77M	216.79M	226.73M	237.02M	247.25M	254.69M	261.34M	265.26M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	2.34B	2.47B	3.89B	2.62B	2.99B	4.68B	5.06B	7.92B	9.71B	10.28B
Cash & Short-Term Investments	1.97B	2B	3.27B	1.78B	1.94B	3.54B	3.64B	6.12B	7.81B	8.02B
Cash Only	300.09M	539.92M	1.13B	638.55M	731.14M	1.38B	1.53B	1.89B	2.01B	1.54B
Short-Term Investments	1.67B	1.46B	2.13B	1.14B	1.21B	2.15B	2.11B	4.24B	5.8B	6.47B
Accounts Receivable	293.41M	409.78M	528.21M	704.68M	877.58M	1.03B	1.24B	1.57B	1.64B	2B
Days Sales Outstanding	92.59	95	89.96	91.14	88.31	87.28	88.25	92.19	82.41	86.56
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	77.63M	66.59M	97.86M	133.17M	168.55M	107.56M	167.93M	216.76M	243M	247M
Total Non-Current Assets+	389.6M	795.17M	1.05B	2.9B	3.82B	4.04B	5.44B	5.57B	6.75B	7.7B
Property, Plant & Equipment	214.16M	365.88M	546.61M	796.91M	1.23B	1.39B	1.37B	1.45B	1.52B	1.57B
Fixed Asset Turnover	5.40x	4.30x	3.92x	3.54x	2.96x	3.11x	3.75x	4.29x	4.77x	5.36x
Goodwill	50.33M	158.35M	159.38M	1.38B	1.82B	1.82B	2.84B	2.84B	2.85B	3.48B
Intangible Assets	28.29M	60.56M	55.02M	342.12M	326.3M	266.39M	413.79M	326M	259M	386M
Long-Term Investments	28.74M	14M	29.2M	60.71M	84.65M	134.4M	273.38M	285.24M	283M	343M
Other Non-Current Assets	68.09M	192.03M	261.41M	317.55M	358M	422.17M	527.66M	654.6M	769M	878M
Total Assets+	2.73B	3.27B	4.95B	5.52B	6.82B	8.72B	10.5B	13.49B	16.45B	17.98B
Asset Turnover	0.42x	0.48x	0.43x	0.51x	0.53x	0.50x	0.49x	0.46x	0.44x	0.47x
Asset Growth %	0.16%	0.2%	0.51%	0.12%	0.23%	0.28%	0.2%	0.28%	0.22%	0.09%
Total Current Liabilities+	922.68M	1.29B	2.06B	2.43B	2.97B	4.28B	5.07B	4.63B	5.05B	5.55B
Accounts Payable	19.61M	26.82M	21M	29.09M	57.56M	75.6M	55.49M	153.75M	78M	108M
Days Payables Outstanding	19.11	20.25	12.18	12.72	19.72	23.03	14.18	32.82	16.08	19.05
Short-Term Debt	0	0	341.51M	232.51M	310.47M	1.2B	1.3B	91.34M	89M	99M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	43.12M	61.58M	121.88M	123.54M	130.05M	169.27M	195.59M	260.13M	287M	296M
Current Ratio	2.54x	1.92x	1.89x	1.08x	1.01x	1.09x	1.00x	1.71x	1.92x	1.85x
Quick Ratio	2.54x	1.92x	1.89x	1.08x	1.01x	1.09x	1.00x	1.71x	1.92x	1.85x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	671.26M	706.43M	1.31B	1.13B	1.36B	1.16B	895.57M	3.27B	3.31B	3.4B
Long-Term Debt	507.48M	534.42M	1.15B	972.26M	1.02B	691.91M	617.35M	2.98B	2.98B	2.98B
Capital Lease Obligations	0	0	0	0	241.43M	350.05M	182.46M	181.8M	227M	279M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	32.79M	36.68M	47.43M	47.7M	14.99M	35.85M	24.23M	40.23M	38M	52M
Total Liabilities	1.59B	1.99B	3.37B	3.56B	4.33B	5.44B	5.96B	7.9B	8.37B	8.94B
Total Debt+	507.48M	534.42M	1.49B	1.2B	1.57B	2.24B	2.1B	3.25B	3.3B	3.36B
Net Debt	207.39M	-5.5M	357M	566.22M	838.72M	853.88M	568.48M	1.36B	1.28B	1.82B
Debt / Equity	0.45x	0.42x	0.94x	0.62x	0.63x	0.68x	0.46x	0.58x	0.41x	0.37x
Debt / EBITDA	-	-	-	-	-	49.67x	9.22x	22.88x	7.09x	4.54x
Net Debt / EBITDA	-	-	-	-	-	18.95x	2.49x	9.60x	2.76x	2.45x
Interest Coverage	-7.82x	-11.73x	-6.81x	-7.69x	-8.56x	-3.61x	-6.82x	-2.18x	1.61x	3.64x
Total Equity+	1.14B	1.28B	1.58B	1.96B	2.49B	3.28B	4.54B	5.59B	8.08B	9.03B
Equity Growth %	0.01%	0.12%	0.24%	0.24%	0.27%	0.32%	0.38%	0.23%	0.45%	0.12%
Book Value per Share	5.98	6.44	7.61	9.03	10.95	13.83	17.85	21.92	30.47	33.56
Total Shareholders' Equity	1.14B	1.28B	1.58B	1.96B	2.49B	3.28B	4.54B	5.59B	8.08B	9.03B
Common Stock	193K	202K	211K	221K	231K	242K	251K	259K	0	0
Retained Earnings	-1.11B	-1.41B	-1.73B	-2.15B	-2.63B	-2.91B	-2.74B	-3.11B	-1.73B	-1.21B
Treasury Stock	0	0	0	0	0	-12.38M	-12.47M	-185.05M	-608M	-1.31B
Accumulated OCI	799K	2.07M	-46.41M	-809K	23.49M	-54.97M	7.71M	53.05M	21M	84M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	258.64M	348.65M	465.73M	606.66M	864.6M	1.27B	1.65B	1.66B	2.15B	2.46B
Operating CF Margin %	0.22%	0.22%	0.22%	0.21%	0.24%	0.29%	0.32%	0.27%	0.3%	0.29%
Operating CF Growth %	1.54%	0.35%	0.34%	0.3%	0.43%	0.47%	0.3%	0%	0.3%	0.15%
Net Income	-289.92M	-408.28M	-321.22M	-418.26M	-480.67M	-282.43M	29M	-366.75M	1.38B	526M
Depreciation & Amortization	85.94M	115.89M	136.97M	198.11M	276.28M	293.66M	343.72M	364.36M	282M	326M
Stock-Based Compensation	249.97M	372.27M	478.43M	652.47M	859.57M	1B	1.11B	1.29B	1.42B	1.52B
Deferred Taxes	-3.22M	14.94M	-28K	0	0	0	0	4M	-1.06B	33M
Other Non-Cash Items	50.04M	91.92M	91.88M	78.02M	176.94M	238.41M	57.92M	312.36M	162M	275M
Working Capital Changes	165.82M	161.92M	79.7M	96.32M	32.49M	13.96M	108.06M	48.22M	-34M	-218M
Change in Receivables	-105.26M	-91.75M	-114.61M	-160.53M	-176.14M	-159.24M	-207.93M	-318.6M	-87M	-313M
Change in Inventory	31.36M	0	0	0	0	0	0	318.6M	0	0
Change in Payables	6.82M	6.34M	-7.25M	5.88M	20.29M	-3.48M	9M	85.77M	-72M	25M
Cash from Investing+	-300.15M	-168.88M	-978.98M	-842.78M	-896.92M	-1.24B	-1.61B	-2.51B	-1.75B	-1.78B
Capital Expenditures	-133.67M	-120.81M	-152.54M	-212.96M	-244.54M	-256.33M	-272.27M	-360.25M	-238M	-272M
CapEx % of Revenue	0.12%	0.08%	0.07%	0.08%	0.07%	0.06%	0.05%	0.06%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-760K	-107.29M	-124.81M	-181.18M	-99.32M	-262.45M	-171.5M	-4.24M	-4M	0
Cash from Financing+	44.11M	59.68M	1.11B	-256.71M	125.12M	625.05M	110.25M	1.2B	-268M	-1.15B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	44.11M	1.6M	-94.89M	-248K	-519K	-2.66M	-463K	144.82M	155M	-450M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	124.97M	227.84M	313.19M	393.7M	620.05M	1.01B	1.38B	1.3B	1.91B	2.19B
FCF Margin %	0.11%	0.14%	0.15%	0.14%	0.17%	0.23%	0.27%	0.21%	0.26%	0.26%
FCF Growth %	77.06%	0.82%	0.37%	0.26%	0.57%	0.63%	0.36%	-0.06%	0.47%	0.15%
FCF per Share	0.66	1.15	1.51	1.82	2.73	4.27	5.43	5.09	7.20	8.13
FCF Conversion (FCF/Net Income)	-0.94x	-0.91x	-1.45x	-1.45x	-1.80x	-4.49x	56.92x	-4.52x	1.56x	4.68x
Interest Paid	6.41M	3.16M	76K	38K	3.31M	14.37M	13M	60M	110M	110M
Taxes Paid	2.12M	5.32M	3.42M	6.01M	9.01M	9.94M	13M	89M	39M	65M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-24.32%	-31.89%	-22.49%	-23.64%	-21.63%	-9.8%	0.74%	-7.25%	20.21%	6.15%
Return on Invested Capital (ROIC)	-14.06%	-20.26%	-14.18%	-15.57%	-12.88%	-5%	-1.88%	-2.76%	1.68%	3.08%
Gross Margin	67.63%	69.29%	70.63%	70.41%	70.63%	72.25%	72.21%	72.49%	75.6%	75.5%
Net Margin	-23.78%	-24.43%	-14.99%	-14.82%	-13.25%	-6.54%	0.56%	-5.9%	19.02%	6.23%
Debt / Equity	0.45x	0.42x	0.94x	0.62x	0.63x	0.68x	0.46x	0.58x	0.41x	0.37x
Interest Coverage	-7.82x	-11.73x	-6.81x	-7.69x	-8.56x	-3.61x	-6.82x	-2.18x	1.61x	3.64x
FCF Conversion	-0.94x	-0.91x	-1.45x	-1.45x	-1.80x	-4.49x	56.92x	-4.52x	1.56x	4.68x
Revenue Growth	46.81%	36.12%	36.12%	31.69%	28.52%	19.04%	19.01%	20.96%	16.78%	16.35%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Subscription Services	1.29B	1.79B	2.39B	2.39B	3.1B	3.79B	4.55B	5.57B	6.6B	7.72B
Subscription Services Growth	-	38.90%	33.44%	0.00%	29.79%	22.35%	20.00%	22.46%	18.61%	16.89%
Professional Services	282.3M	355.22M	436.41M	436.41M	530.82M	529.54M	592.49M	648.61M	656M	728M
Professional Services Growth	-	25.83%	22.86%	0.00%	21.63%	-0.24%	11.89%	9.47%	1.14%	10.98%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	974.22M	1.28B	1.69B	2.17B	2.74B	3.25B	3.85B	4.68B	5.46B	6.33B
UNITED STATES Growth	-	31.58%	32.18%	28.27%	26.14%	18.52%	18.35%	21.76%	16.55%	16.03%
Non-US	188.13M	287.56M	448.7M	648.83M	885.78M	1.07B	1.29B	1.53B	1.8B	2.11B
Non-US Growth	-	52.85%	56.04%	44.60%	36.52%	20.67%	21.01%	18.57%	17.51%	17.31%

Frequently Asked Questions

Valuation & Price

Workday, Inc. (WDAY) has a price-to-earnings (P/E) ratio of 98.8x. This suggests investors expect higher future growth.

Growth & Financials

Workday, Inc. (WDAY) reported $9.23B in revenue for fiscal year 2025. This represents a 6767% increase from $134.4M in 2012.

Workday, Inc. (WDAY) grew revenue by 16.4% over the past year. This is strong growth.

Yes, Workday, Inc. (WDAY) is profitable, generating $642.0M in net income for fiscal year 2025 (6.2% net margin).

Dividend & Returns

Workday, Inc. (WDAY) has a return on equity (ROE) of 6.1%. This is below average, suggesting room for improvement.

Workday, Inc. (WDAY) generated $2.58B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Workday, Inc. (WDAY) 10-Year Financial Performance & Capital Metrics

WDAY • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

Revenue $8.45B +16.4%
EBITDA $741M +59.4%
Net Income $526M -61.9%
EPS (Diluted) 1.95 -62.6%
Gross Margin 75.5% -0.1%
EBITDA Margin 8.77% +37.0%
Operating Margin 4.91% +94.9%
Net Margin 6.23% -67.3%
ROE 6.15% -69.6%
ROIC 3.08% +83.0%
Debt/Equity 0.37 -8.7%
Interest Coverage 3.64 +126.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 25.9% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 18.4%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y26.77%

5Y18.42%

3Y18.01%

TTM13.16%

Profit (Net Income) CAGR

10Y-

5Y-

3Y162.74%

TTM-60.38%

EPS CAGR

10Y-

5Y-

3Y153.29%

TTM-60.53%

ROCE

10Y Avg-8.14%

5Y Avg-1.23%

3Y Avg0.73%

Latest3.48%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	1.16B	1.57B	2.14B	2.82B	3.63B	4.32B	5.14B	6.22B	7.26B	8.45B
Revenue Growth %	0.47%	0.36%	0.36%	0.32%	0.29%	0.19%	0.19%	0.21%	0.17%	0.16%
Cost of Goods Sold+	374.43M	483.55M	629.41M	834.95M	1.07B	1.2B	1.43B	1.71B	1.77B	2.07B
COGS % of Revenue	0.32%	0.31%	0.29%	0.3%	0.29%	0.28%	0.28%	0.28%	0.24%	0.24%
Gross Profit+	782.26M	1.09B	1.51B	1.99B	2.56B	3.12B	3.71B	4.51B	5.49B	6.38B
Gross Margin %	0.68%	0.69%	0.71%	0.7%	0.71%	0.72%	0.72%	0.72%	0.76%	0.76%
Gross Profit Growth %	0.5%	0.39%	0.39%	0.31%	0.29%	0.22%	0.19%	0.21%	0.22%	0.16%
Operating Expenses+	1.03B	1.44B	1.82B	2.45B	3.06B	3.37B	3.83B	4.73B	5.3B	5.96B
OpEx % of Revenue	0.89%	0.92%	0.85%	0.87%	0.84%	0.78%	0.74%	0.76%	0.73%	0.71%
Selling, General & Admin	562.11M	763.45M	906.28M	1.24B	1.51B	1.65B	1.95B	2.44B	2.84B	3.25B
SG&A % of Revenue	0.49%	0.48%	0.42%	0.44%	0.42%	0.38%	0.38%	0.39%	0.39%	0.39%
Research & Development	469.94M	680.53M	910.58M	1.21B	1.55B	1.72B	1.88B	2.25B	2.46B	2.63B
R&D % of Revenue	0.41%	0.43%	0.42%	0.43%	0.43%	0.4%	0.37%	0.36%	0.34%	0.31%
Other Operating Expenses	0	0	0	0	0	0	0	40M	0	84M
Operating Income+	-249.79M	-353.09M	-303.22M	-463.28M	-502.23M	-248.6M	-116M	-222M	183M	415M
Operating Margin %	-0.22%	-0.22%	-0.14%	-0.16%	-0.14%	-0.06%	-0.02%	-0.04%	0.03%	0.05%
Operating Income Growth %	-0.16%	-0.41%	0.14%	-0.53%	-0.08%	0.51%	0.53%	-0.91%	1.82%	1.27%
EBITDA+	-163.85M	-247.26M	-167.5M	-265.17M	-225.95M	45.06M	228M	142M	465M	741M
EBITDA Margin %	-0.14%	-0.16%	-0.08%	-0.09%	-0.06%	0.01%	0.04%	0.02%	0.06%	0.09%
EBITDA Growth %	-0.05%	-0.51%	0.32%	-0.58%	0.15%	1.2%	4.06%	-0.38%	2.27%	0.59%
D&A (Non-Cash Add-back)	85.94M	105.83M	135.72M	198.11M	276.28M	293.66M	344M	364M	282M	326M
EBIT	-242.1M	-355.41M	-270.24M	-363.54M	-423.76M	-206.33M	33M	-158M	470M	752M
Net Interest Income+	-27.08M	-18.8M	-19.3M	-17.75M	-17.42M	-50.02M	-12M	-5M	187M	236M
Interest Income	4.86M	11.3M	25.25M	42.46M	41.27M	18.79M	5M	97M	301M	350M
Interest Expense	31.93M	30.1M	44.55M	60.21M	58.69M	68.81M	17M	102M	114M	114M
Other Income/Expense	-24.24M	-32.43M	-11.56M	39.53M	19.78M	-26.54M	132M	-38M	173M	223M
Pretax Income+	-274.03M	-385.51M	-314.79M	-423.75M	-482.45M	-275.13M	16M	-260M	356M	638M
Pretax Margin %	-0.24%	-0.24%	-0.15%	-0.15%	-0.13%	-0.06%	0%	-0.04%	0.05%	0.08%
Income Tax+	1.02M	-814K	6.44M	-5.49M	-1.77M	7.3M	-13M	107M	-1.02B	112M
Effective Tax Rate %	1%	1%	1.02%	0.99%	1%	1.03%	1.81%	1.41%	3.88%	0.82%
Net Income+	-275.05M	-384.7M	-321.22M	-418.26M	-480.67M	-282.43M	29M	-367M	1.38B	526M
Net Margin %	-0.24%	-0.24%	-0.15%	-0.15%	-0.13%	-0.07%	0.01%	-0.06%	0.19%	0.06%
Net Income Growth %	-0.11%	-0.4%	0.17%	-0.3%	-0.15%	0.41%	1.1%	-13.66%	4.76%	-0.62%
Net Income (Continuing)	-275.05M	-384.7M	-321.22M	-418.26M	-480.67M	-282.43M	29M	-367M	1.38B	526M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.53	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.21	1.95
EPS Growth %	-0.13%	-0.35%	0.25%	-0.25%	-0.1%	0.44%	1.1%	-13%	4.62%	-0.63%
EPS (Basic)	-1.53	-2.06	-1.55	-1.93	-2.12	-1.19	0.12	-1.44	5.28	1.98
Diluted Shares Outstanding	190.02M	198.21M	207.77M	216.79M	227.19M	237.02M	254.03M	254.82M	265.29M	269.2M
Basic Shares Outstanding	190.02M	198.21M	207.77M	216.79M	226.73M	237.02M	247.25M	254.69M	261.34M	265.26M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	2.34B	2.47B	3.89B	2.62B	2.99B	4.68B	5.06B	7.92B	9.71B	10.28B
Cash & Short-Term Investments	1.97B	2B	3.27B	1.78B	1.94B	3.54B	3.64B	6.12B	7.81B	8.02B
Cash Only	300.09M	539.92M	1.13B	638.55M	731.14M	1.38B	1.53B	1.89B	2.01B	1.54B
Short-Term Investments	1.67B	1.46B	2.13B	1.14B	1.21B	2.15B	2.11B	4.24B	5.8B	6.47B
Accounts Receivable	293.41M	409.78M	528.21M	704.68M	877.58M	1.03B	1.24B	1.57B	1.64B	2B
Days Sales Outstanding	92.59	95	89.96	91.14	88.31	87.28	88.25	92.19	82.41	86.56
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	77.63M	66.59M	97.86M	133.17M	168.55M	107.56M	167.93M	216.76M	243M	247M
Total Non-Current Assets+	389.6M	795.17M	1.05B	2.9B	3.82B	4.04B	5.44B	5.57B	6.75B	7.7B
Property, Plant & Equipment	214.16M	365.88M	546.61M	796.91M	1.23B	1.39B	1.37B	1.45B	1.52B	1.57B
Fixed Asset Turnover	5.40x	4.30x	3.92x	3.54x	2.96x	3.11x	3.75x	4.29x	4.77x	5.36x
Goodwill	50.33M	158.35M	159.38M	1.38B	1.82B	1.82B	2.84B	2.84B	2.85B	3.48B
Intangible Assets	28.29M	60.56M	55.02M	342.12M	326.3M	266.39M	413.79M	326M	259M	386M
Long-Term Investments	28.74M	14M	29.2M	60.71M	84.65M	134.4M	273.38M	285.24M	283M	343M
Other Non-Current Assets	68.09M	192.03M	261.41M	317.55M	358M	422.17M	527.66M	654.6M	769M	878M
Total Assets+	2.73B	3.27B	4.95B	5.52B	6.82B	8.72B	10.5B	13.49B	16.45B	17.98B
Asset Turnover	0.42x	0.48x	0.43x	0.51x	0.53x	0.50x	0.49x	0.46x	0.44x	0.47x
Asset Growth %	0.16%	0.2%	0.51%	0.12%	0.23%	0.28%	0.2%	0.28%	0.22%	0.09%
Total Current Liabilities+	922.68M	1.29B	2.06B	2.43B	2.97B	4.28B	5.07B	4.63B	5.05B	5.55B
Accounts Payable	19.61M	26.82M	21M	29.09M	57.56M	75.6M	55.49M	153.75M	78M	108M
Days Payables Outstanding	19.11	20.25	12.18	12.72	19.72	23.03	14.18	32.82	16.08	19.05
Short-Term Debt	0	0	341.51M	232.51M	310.47M	1.2B	1.3B	91.34M	89M	99M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	43.12M	61.58M	121.88M	123.54M	130.05M	169.27M	195.59M	260.13M	287M	296M
Current Ratio	2.54x	1.92x	1.89x	1.08x	1.01x	1.09x	1.00x	1.71x	1.92x	1.85x
Quick Ratio	2.54x	1.92x	1.89x	1.08x	1.01x	1.09x	1.00x	1.71x	1.92x	1.85x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	671.26M	706.43M	1.31B	1.13B	1.36B	1.16B	895.57M	3.27B	3.31B	3.4B
Long-Term Debt	507.48M	534.42M	1.15B	972.26M	1.02B	691.91M	617.35M	2.98B	2.98B	2.98B
Capital Lease Obligations	0	0	0	0	241.43M	350.05M	182.46M	181.8M	227M	279M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	32.79M	36.68M	47.43M	47.7M	14.99M	35.85M	24.23M	40.23M	38M	52M
Total Liabilities	1.59B	1.99B	3.37B	3.56B	4.33B	5.44B	5.96B	7.9B	8.37B	8.94B
Total Debt+	507.48M	534.42M	1.49B	1.2B	1.57B	2.24B	2.1B	3.25B	3.3B	3.36B
Net Debt	207.39M	-5.5M	357M	566.22M	838.72M	853.88M	568.48M	1.36B	1.28B	1.82B
Debt / Equity	0.45x	0.42x	0.94x	0.62x	0.63x	0.68x	0.46x	0.58x	0.41x	0.37x
Debt / EBITDA	-	-	-	-	-	49.67x	9.22x	22.88x	7.09x	4.54x
Net Debt / EBITDA	-	-	-	-	-	18.95x	2.49x	9.60x	2.76x	2.45x
Interest Coverage	-7.82x	-11.73x	-6.81x	-7.69x	-8.56x	-3.61x	-6.82x	-2.18x	1.61x	3.64x
Total Equity+	1.14B	1.28B	1.58B	1.96B	2.49B	3.28B	4.54B	5.59B	8.08B	9.03B
Equity Growth %	0.01%	0.12%	0.24%	0.24%	0.27%	0.32%	0.38%	0.23%	0.45%	0.12%
Book Value per Share	5.98	6.44	7.61	9.03	10.95	13.83	17.85	21.92	30.47	33.56
Total Shareholders' Equity	1.14B	1.28B	1.58B	1.96B	2.49B	3.28B	4.54B	5.59B	8.08B	9.03B
Common Stock	193K	202K	211K	221K	231K	242K	251K	259K	0	0
Retained Earnings	-1.11B	-1.41B	-1.73B	-2.15B	-2.63B	-2.91B	-2.74B	-3.11B	-1.73B	-1.21B
Treasury Stock	0	0	0	0	0	-12.38M	-12.47M	-185.05M	-608M	-1.31B
Accumulated OCI	799K	2.07M	-46.41M	-809K	23.49M	-54.97M	7.71M	53.05M	21M	84M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	258.64M	348.65M	465.73M	606.66M	864.6M	1.27B	1.65B	1.66B	2.15B	2.46B
Operating CF Margin %	0.22%	0.22%	0.22%	0.21%	0.24%	0.29%	0.32%	0.27%	0.3%	0.29%
Operating CF Growth %	1.54%	0.35%	0.34%	0.3%	0.43%	0.47%	0.3%	0%	0.3%	0.15%
Net Income	-289.92M	-408.28M	-321.22M	-418.26M	-480.67M	-282.43M	29M	-366.75M	1.38B	526M
Depreciation & Amortization	85.94M	115.89M	136.97M	198.11M	276.28M	293.66M	343.72M	364.36M	282M	326M
Stock-Based Compensation	249.97M	372.27M	478.43M	652.47M	859.57M	1B	1.11B	1.29B	1.42B	1.52B
Deferred Taxes	-3.22M	14.94M	-28K	0	0	0	0	4M	-1.06B	33M
Other Non-Cash Items	50.04M	91.92M	91.88M	78.02M	176.94M	238.41M	57.92M	312.36M	162M	275M
Working Capital Changes	165.82M	161.92M	79.7M	96.32M	32.49M	13.96M	108.06M	48.22M	-34M	-218M
Change in Receivables	-105.26M	-91.75M	-114.61M	-160.53M	-176.14M	-159.24M	-207.93M	-318.6M	-87M	-313M
Change in Inventory	31.36M	0	0	0	0	0	0	318.6M	0	0
Change in Payables	6.82M	6.34M	-7.25M	5.88M	20.29M	-3.48M	9M	85.77M	-72M	25M
Cash from Investing+	-300.15M	-168.88M	-978.98M	-842.78M	-896.92M	-1.24B	-1.61B	-2.51B	-1.75B	-1.78B
Capital Expenditures	-133.67M	-120.81M	-152.54M	-212.96M	-244.54M	-256.33M	-272.27M	-360.25M	-238M	-272M
CapEx % of Revenue	0.12%	0.08%	0.07%	0.08%	0.07%	0.06%	0.05%	0.06%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-760K	-107.29M	-124.81M	-181.18M	-99.32M	-262.45M	-171.5M	-4.24M	-4M	0
Cash from Financing+	44.11M	59.68M	1.11B	-256.71M	125.12M	625.05M	110.25M	1.2B	-268M	-1.15B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	44.11M	1.6M	-94.89M	-248K	-519K	-2.66M	-463K	144.82M	155M	-450M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	124.97M	227.84M	313.19M	393.7M	620.05M	1.01B	1.38B	1.3B	1.91B	2.19B
FCF Margin %	0.11%	0.14%	0.15%	0.14%	0.17%	0.23%	0.27%	0.21%	0.26%	0.26%
FCF Growth %	77.06%	0.82%	0.37%	0.26%	0.57%	0.63%	0.36%	-0.06%	0.47%	0.15%
FCF per Share	0.66	1.15	1.51	1.82	2.73	4.27	5.43	5.09	7.20	8.13
FCF Conversion (FCF/Net Income)	-0.94x	-0.91x	-1.45x	-1.45x	-1.80x	-4.49x	56.92x	-4.52x	1.56x	4.68x
Interest Paid	6.41M	3.16M	76K	38K	3.31M	14.37M	13M	60M	110M	110M
Taxes Paid	2.12M	5.32M	3.42M	6.01M	9.01M	9.94M	13M	89M	39M	65M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-24.32%	-31.89%	-22.49%	-23.64%	-21.63%	-9.8%	0.74%	-7.25%	20.21%	6.15%
Return on Invested Capital (ROIC)	-14.06%	-20.26%	-14.18%	-15.57%	-12.88%	-5%	-1.88%	-2.76%	1.68%	3.08%
Gross Margin	67.63%	69.29%	70.63%	70.41%	70.63%	72.25%	72.21%	72.49%	75.6%	75.5%
Net Margin	-23.78%	-24.43%	-14.99%	-14.82%	-13.25%	-6.54%	0.56%	-5.9%	19.02%	6.23%
Debt / Equity	0.45x	0.42x	0.94x	0.62x	0.63x	0.68x	0.46x	0.58x	0.41x	0.37x
Interest Coverage	-7.82x	-11.73x	-6.81x	-7.69x	-8.56x	-3.61x	-6.82x	-2.18x	1.61x	3.64x
FCF Conversion	-0.94x	-0.91x	-1.45x	-1.45x	-1.80x	-4.49x	56.92x	-4.52x	1.56x	4.68x
Revenue Growth	46.81%	36.12%	36.12%	31.69%	28.52%	19.04%	19.01%	20.96%	16.78%	16.35%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Subscription Services	1.29B	1.79B	2.39B	2.39B	3.1B	3.79B	4.55B	5.57B	6.6B	7.72B
Subscription Services Growth	-	38.90%	33.44%	0.00%	29.79%	22.35%	20.00%	22.46%	18.61%	16.89%
Professional Services	282.3M	355.22M	436.41M	436.41M	530.82M	529.54M	592.49M	648.61M	656M	728M
Professional Services Growth	-	25.83%	22.86%	0.00%	21.63%	-0.24%	11.89%	9.47%	1.14%	10.98%

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	974.22M	1.28B	1.69B	2.17B	2.74B	3.25B	3.85B	4.68B	5.46B	6.33B
UNITED STATES Growth	-	31.58%	32.18%	28.27%	26.14%	18.52%	18.35%	21.76%	16.55%	16.03%
Non-US	188.13M	287.56M	448.7M	648.83M	885.78M	1.07B	1.29B	1.53B	1.8B	2.11B
Non-US Growth	-	52.85%	56.04%	44.60%	36.52%	20.67%	21.01%	18.57%	17.51%	17.31%

Frequently Asked Questions

Valuation & Price

Workday, Inc. (WDAY) has a price-to-earnings (P/E) ratio of 98.8x. This suggests investors expect higher future growth.

Growth & Financials

Workday, Inc. (WDAY) reported $9.23B in revenue for fiscal year 2025. This represents a 6767% increase from $134.4M in 2012.

Workday, Inc. (WDAY) grew revenue by 16.4% over the past year. This is strong growth.

Yes, Workday, Inc. (WDAY) is profitable, generating $642.0M in net income for fiscal year 2025 (6.2% net margin).

Dividend & Returns

Workday, Inc. (WDAY) has a return on equity (ROE) of 6.1%. This is below average, suggesting room for improvement.

Workday, Inc. (WDAY) generated $2.58B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.