Workday, Inc.WDAY
NasdaqGS•Technology•Software - Application
Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company offers a suite of financial management applications to maintain accounting information; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; perform financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. It also provides spend management solutions that help organizations to streamline supplier selection and contract management, build and execute sourcing events, such as requests for proposals, and manage indirect spend; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; Workday Extend for customers and their developers to build custom applications. The company serves the professional and business services, financial services, healthcare, manufacturing, media, education, government, technology, media, retail, and hospitality industries. It sells its solutions through its direct sales organization. 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.
Workday, Inc. (WDAY) reported trailing twelve months revenue of $16.46B as of April 2026, a 109.4% increase year-over-year. Quarterly revenue reached $2.54B, reflecting continued top-line momentum.
Workday, Inc. generated $1.20B in TTM net income, with quarterly EBITDA of $338.00M. The operating margin expanded from 5.3% to 13.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (13.3%) and net margin (8.7%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 6.3% a year ago, signaling stronger bottom-line efficiency.
WDAY trades at a P/E of 25.9x (in line with broad market averages) and a P/S of 1.9x. The price-to-book ratio of 4.7x reflects a moderate premium to book value.
The company generated $616.00M in free cash flow over the trailing twelve months, a 59.6% increase year-over-year, indicating cash generation ability. The balance sheet shows $16.09B in total assets with $1.99B in long-term debt against $6.68B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~6.2% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~14.0% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~135.8% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~8.0% — no sign of cost or pricing stress.
FCF covers net income by 3.1x on average — earnings are well-supported by cash generation.
D/E ratio is 0.3 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 3.2% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation