Workday, Inc. (WDAY) Q2 FY2027 Financial Statements: Revenue $2.65B, Net income $632.00M
More for Workday: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ2 FY2027
Published
Workday reported $2.65 billion in revenue for Q2 FY2027, the quarter ended July 31, 2026, up 12.8% from a year earlier, with subscription revenue of $2.47 billion, up 13.9%. Net income was $632 million, or $2.57 per diluted share, against $228 million a year earlier, but most of that increase came from an income tax benefit tied mainly to an internal transfer of intellectual property rights between Workday entities. Operating income, which the tax benefit does not touch, was $313 million, up 26.2% from a year earlier.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $2,649,000,000 | up 12.8% |
| Net income | $632,000,000 | up 177.2% |
| Diluted EPS | $2.57 | up 206.0% |
| Operating income | $313,000,000 | up 26.2% |
| Subscription revenue | $2,471,000,000 | up 13.9% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | WDAY |
|---|---|
| CIK | 0001327811 |
| Company | Workday, Inc. |
| Business type | software |
| Schema template | standard (subscription software): revenue split into subscription and professional services, costs by function, operating income, net income and per-share earnings; cash, marketable securities, unearned revenue, debt and equity; operating cash flow, capital expenditures, free cash flow and share repurchases |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual US dollars (not millions); share counts in actual shares; per-share amounts in dollars per share |
| Fiscal calendar note | Workday's fiscal year ends January 31. Fiscal 2026 is the year ended January 31, 2026; the second quarter of fiscal 2027 is the three months ended July 31, 2026. |
WDAY annual income statement, balance sheet and cash flow
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Period start | 2025-02-01 | 2024-02-01 | 2023-02-01 |
| Period end | 2026-01-31 | 2025-01-31 | 2024-01-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 10-K | 10-K | 10-K |
| Source form | 10-K | 10-K | 10-K |
| Income statement | |||
| Subscription services revenue | 8,833,000,000 | 7,718,000,000 | 6,603,000,000 |
| Professional services revenue | 719,000,000 | 728,000,000 | 656,000,000 |
| Total revenues | 9,552,000,000 | 8,446,000,000 | 7,259,000,000 |
| Costs of subscription services | 1,531,000,000 | 1,266,000,000 | 1,031,000,000 |
| Costs of professional services | 790,000,000 | 803,000,000 | 740,000,000 |
| Product development | 2,679,000,000 | 2,626,000,000 | 2,464,000,000 |
| Sales and marketing | 2,616,000,000 | 2,432,000,000 | 2,139,000,000 |
| General and administrative | 912,000,000 | 820,000,000 | 702,000,000 |
| Restructuring | 303,000,000 | 84,000,000 | 0 |
| Total costs and expenses | 8,831,000,000 | 8,031,000,000 | 7,076,000,000 |
| Operating income | 721,000,000 | 415,000,000 | 183,000,000 |
| Other income net | 288,000,000 | 223,000,000 | 173,000,000 |
| Income before income taxes | 1,009,000,000 | 638,000,000 | 356,000,000 |
| Provision for benefit from income taxes | 316,000,000 | 112,000,000 | -1,025,000,000 |
| Net income | 693,000,000 | 526,000,000 | 1,381,000,000 |
| Basic EPS | 2.61 | 1.98 | 5.28 |
| Diluted EPS | 2.59 | 1.95 | 5.21 |
| Basic weighted average shares | 265,097,000 | 265,257,000 | 261,344,000 |
| Diluted shares | 268,117,000 | 269,205,000 | 265,285,000 |
| Share based compensation expense | 1,626,000,000 | 1,519,000,000 | 1,416,000,000 |
| Total cost of revenues | 2,321,000,000 | 2,069,000,000 | 1,771,000,000 |
| Gross profit | 7,231,000,000 | 6,377,000,000 | 5,488,000,000 |
| Balance sheet | |||
| Cash and cash equivalents | 1,501,000,000 | 1,543,000,000 | |
| Marketable securities | 3,942,000,000 | 6,474,000,000 | |
| Trade and other receivables net | 2,332,000,000 | 1,950,000,000 | |
| Total current assets | 8,429,000,000 | 10,545,000,000 | |
| Property and equipment net | 1,093,000,000 | 1,239,000,000 | |
| Acquisition related intangible assets net | 681,000,000 | 361,000,000 | |
| Goodwill | 5,229,000,000 | 3,478,000,000 | |
| Total assets | 18,074,000,000 | 17,977,000,000 | |
| Unearned revenue current | 5,010,000,000 | 4,467,000,000 | |
| Total current liabilities | 6,378,000,000 | 5,548,000,000 | |
| Debt noncurrent | 2,987,000,000 | 2,984,000,000 | |
| Unearned revenue noncurrent | 71,000,000 | 80,000,000 | |
| Total liabilities | 10,269,000,000 | 8,943,000,000 | |
| Treasury stock | -4,220,000,000 | -1,308,000,000 | |
| Total stockholders equity | 7,805,000,000 | 9,034,000,000 | |
| Total liabilities and stockholders equity | 18,074,000,000 | 17,977,000,000 | |
| Common shares outstanding | 259,131,000 | 266,352,000 | |
| Total debt | 2,987,000,000 | 2,984,000,000 | |
| Cash flow | |||
| Depreciation and amortization | 347,000,000 | 326,000,000 | 282,000,000 |
| Share based compensation expense | 1,626,000,000 | 1,519,000,000 | 1,416,000,000 |
| Operating cash flow | 2,939,000,000 | 2,461,000,000 | 2,149,000,000 |
| Capital expenditures | -162,000,000 | -269,000,000 | -232,000,000 |
| Business combinations net of cash acquired | -2,079,000,000 | -825,000,000 | -8,000,000 |
| Investing cash flow | 333,000,000 | -1,781,000,000 | -1,751,000,000 |
| Repurchases of common stock | -2,895,000,000 | -700,000,000 | -423,000,000 |
| Taxes paid related to net share settlement | -616,000,000 | -636,000,000 | -22,000,000 |
| Financing cash flow | -3,319,000,000 | -1,150,000,000 | -268,000,000 |
| Free cash flow | 2,777,000,000 | 2,192,000,000 | 1,917,000,000 |
WDAY quarterly income statement, balance sheet and cash flow
| Q2 FY2027 | Q2 FY2026 | |
|---|---|---|
| Fiscal quarter | 2 | 2 |
| Period start | 2026-05-01 | 2025-05-01 |
| Period end | 2026-07-31 | 2025-07-31 |
| Period type | three months | three months |
| Source accession | 10-Q | 10-Q |
| Source form | 10-Q | 10-Q |
| Cash flow source accession | 0001327811-26-000042 | 0001327811-26-000042 |
| Income statement | ||
| Subscription services revenue | 2,471,000,000 | 2,169,000,000 |
| Professional services revenue | 178,000,000 | 179,000,000 |
| Total revenues | 2,649,000,000 | 2,348,000,000 |
| Costs of subscription services | 436,000,000 | 370,000,000 |
| Costs of professional services | 216,000,000 | 212,000,000 |
| Product development | 747,000,000 | 660,000,000 |
| Sales and marketing | 706,000,000 | 641,000,000 |
| General and administrative | 231,000,000 | 216,000,000 |
| Restructuring | 0 | 1,000,000 |
| Total costs and expenses | 2,336,000,000 | 2,100,000,000 |
| Operating income | 313,000,000 | 248,000,000 |
| Other income net | 14,000,000 | 56,000,000 |
| Income before income taxes | 327,000,000 | 304,000,000 |
| Provision for benefit from income taxes | -305,000,000 | 76,000,000 |
| Net income | 632,000,000 | 228,000,000 |
| Basic EPS | 2.58 | 0.86 |
| Diluted EPS | 2.57 | 0.84 |
| Basic weighted average shares | 245,181,000 | 266,777,000 |
| Diluted shares | 246,307,000 | 270,180,000 |
| Share based compensation expense | 462,000,000 | 391,000,000 |
| Total cost of revenues | 652,000,000 | 582,000,000 |
| Gross profit | 1,997,000,000 | 1,766,000,000 |
| Balance sheet | ||
| Cash and cash equivalents | 661,000,000 | |
| Marketable securities | 2,742,000,000 | |
| Trade and other receivables net | 1,895,000,000 | |
| Total current assets | 5,969,000,000 | |
| Property and equipment net | 1,126,000,000 | |
| Acquisition related intangible assets net | 611,000,000 | |
| Goodwill | 5,227,000,000 | |
| Total assets | 15,857,000,000 | |
| Unearned revenue current | 4,387,000,000 | |
| Debt current | 999,000,000 | |
| Total current liabilities | 6,573,000,000 | |
| Debt noncurrent | 1,990,000,000 | |
| Unearned revenue noncurrent | 72,000,000 | |
| Total liabilities | 9,397,000,000 | |
| Treasury stock | -7,151,000,000 | |
| Total stockholders equity | 6,460,000,000 | |
| Total liabilities and stockholders equity | 15,857,000,000 | |
| Common shares outstanding | 241,175,000 | |
| Total debt | 2,989,000,000 | |
| Cash flow | ||
| Depreciation and amortization | 92,000,000 | 81,000,000 |
| Share based compensation expense | 462,000,000 | 391,000,000 |
| Operating cash flow | 520,000,000 | 616,000,000 |
| Capital expenditures | -60,000,000 | -28,000,000 |
| Investing cash flow | 947,000,000 | 13,000,000 |
| Repurchases of common stock | -1,337,000,000 | -298,000,000 |
| Taxes paid related to net share settlement | -128,000,000 | -161,000,000 |
| Financing cash flow | -1,367,000,000 | -348,000,000 |
| Free cash flow | 460,000,000 | 588,000,000 |
WDAY year-to-date income statement and cash flow
| Six months ended July 31, 2026 (H1 FY2027) | Six months ended July 31, 2025 (H1 FY2026) | |
|---|---|---|
| Period start | 2026-02-01 | 2025-02-01 |
| Period end | 2026-07-31 | 2025-07-31 |
| Period type | six months | six months |
| Source accession | 10-Q | 10-Q |
| Source form | 10-Q | 10-Q |
| Income statement | ||
| Subscription services revenue | 4,826,000,000 | 4,228,000,000 |
| Professional services revenue | 365,000,000 | 360,000,000 |
| Total revenues | 5,191,000,000 | 4,588,000,000 |
| Costs of subscription services | 848,000,000 | 720,000,000 |
| Costs of professional services | 408,000,000 | 399,000,000 |
| Product development | 1,451,000,000 | 1,322,000,000 |
| Sales and marketing | 1,386,000,000 | 1,264,000,000 |
| General and administrative | 447,000,000 | 429,000,000 |
| Restructuring | 0 | 167,000,000 |
| Total costs and expenses | 4,540,000,000 | 4,301,000,000 |
| Operating income | 651,000,000 | 287,000,000 |
| Other income net | 31,000,000 | 120,000,000 |
| Income before income taxes | 682,000,000 | 407,000,000 |
| Provision for benefit from income taxes | -172,000,000 | 111,000,000 |
| Net income | 854,000,000 | 296,000,000 |
| Basic EPS | 3.42 | 1.11 |
| Diluted EPS | 3.41 | 1.09 |
| Basic weighted average shares | 249,464,000 | 266,649,000 |
| Diluted shares | 250,238,000 | 270,240,000 |
| Share based compensation expense | 871,000,000 | 851,000,000 |
| Total cost of revenues | 1,256,000,000 | 1,119,000,000 |
| Gross profit | 3,935,000,000 | 3,469,000,000 |
| Cash flow | ||
| Depreciation and amortization | 183,000,000 | 165,000,000 |
| Share based compensation expense | 871,000,000 | 851,000,000 |
| Operating cash flow | 1,215,000,000 | 1,073,000,000 |
| Capital expenditures | -139,000,000 | -64,000,000 |
| Investing cash flow | 1,043,000,000 | -510,000,000 |
| Repurchases of common stock | -2,924,000,000 | -589,000,000 |
| Taxes paid related to net share settlement | -273,000,000 | -372,000,000 |
| Financing cash flow | -3,099,000,000 | -850,000,000 |
| Free cash flow | 1,076,000,000 | 1,009,000,000 |
WDAY trailing twelve month income statement and cash flow
| Twelve months ended July 31, 2026 | |
|---|---|
| Period start | 2025-08-01 |
| Period end | 2026-07-31 |
| Period type | trailing twelve months |
| Source accession | 10-Q |
| Source accessions | 10-K, 10-Q |
| Income statement | |
| Subscription services revenue | 9,431,000,000 |
| Professional services revenue | 724,000,000 |
| Total revenues | 10,155,000,000 |
| Total cost of revenues | 2,458,000,000 |
| Gross profit | 7,697,000,000 |
| Operating income | 1,085,000,000 |
| Net income | 1,251,000,000 |
| Cash flow | |
| Operating cash flow | 3,081,000,000 |
| Capital expenditures | -237,000,000 |
| Free cash flow | 2,844,000,000 |
- Derivation. Fiscal 2026 (FY2026 10-K) plus the six months ended July 31, 2026, less the six months ended July 31, 2025 (both from the Q2 FY2027 10-Q).
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | none; Workday reports in US dollars |
Notes
- Workday's fiscal year ends January 31. FY2026 is the year ended January 31, 2026; Q2 FY2027 is the three months ended July 31, 2026.
- Annual figures for fiscal 2026, 2025 and 2024 come from the FY2026 10-K (accession 0001327811-26-000014). That filing prints balance sheets only at January 31, 2026 and January 31, 2025, so fiscal 2024 carries an income statement and cash flow but no balance sheet.
- Quarterly income statements for Q2 FY2027 and Q2 FY2026, the six-month figures in year_to_date, and the July 31, 2026 balance sheet come from the Q2 FY2027 10-Q (accession 0001327811-26-000044).
- The 10-Q prints its cash flow statement for the six months only. Every three-month cash flow figure for Q2 FY2027 and Q2 FY2026 is taken from the condensed cash flow statement in Workday's Q2 FY2027 earnings release, furnished as Exhibit 99.1 to the 8-K filed August 27, 2026 (accession 0001327811-26-000042); those quarters carry that accession as cash_flow_source_accession. The release's income statement and balance sheet are identical to the 10-Q's.
- Free cash flow is operating cash flow less capital expenditures, the definition Workday uses in its earnings release. The quarterly and six-month free cash flow figures are as printed in the release's reconciliation; the fiscal-year figures are computed on the same definition from the 10-K's cash flow statement.
- Workday does not present a gross profit line. total_cost_of_revenues is the sum of the two lines the filing prints (costs of subscription services and costs of professional services), and gross_profit is total revenues less that sum; both are computed, not printed.
- total_debt is debt, current plus debt, noncurrent as printed on the balance sheet. At July 31, 2026 the 10-Q shows $999 million as current, reflecting the 3.500% senior notes due April 1, 2027 ($1.0 billion principal). The 10-K balance sheets at January 31, 2026 and 2025 print no current debt line, so total_debt there equals debt, noncurrent.
- Cash flow lines keep the filing's signs: outflows such as capital expenditures, share repurchases and acquisitions are negative.
- common_shares_outstanding is the closing balance of Class A plus Class B common stock shares in the statement of stockholders' equity (printed in thousands). Share counts and weighted-average shares are printed in thousands in the filings and are stored here as actual shares.
- Second-quarter fiscal 2027 net income of $632 million includes an income tax benefit: the 10-Q reports a $305 million net tax benefit for the quarter, primarily attributable to an intra-entity transfer of certain intellectual property rights as part of an internal legal entity restructuring, in connection with which Workday recognized $374 million of deferred tax assets. The earnings release states that this benefit contributed $1.52 to the quarter's diluted earnings per share of $2.57.
- Fiscal 2024 net income of $1,381 million includes a $1,025 million income tax benefit as printed in the 10-K's statement of operations.
- The trailing-twelve-month figures (twelve months ended July 31, 2026) are computed as fiscal 2026 from the 10-K, plus the six months ended July 31, 2026, less the six months ended July 31, 2025, both from the Q2 FY2027 10-Q (free cash flow uses operating cash flow less capital expenditures on the same basis). No trailing-twelve-month per-share figure is given, because per-share earnings cannot be added across periods with different share counts.
- No stock split, currency translation or ADR adjustment applies: Workday reports in US dollars, its shares trade directly on Nasdaq, and no split occurred in the periods covered.
Uncertainties
- Q1 FY2027 (three months ended April 30, 2026) is not included: neither the FY2026 10-K nor the Q2 FY2027 10-Q prints that quarter on its own.
- No balance sheet is given for July 31, 2025 (Q2 FY2026) or January 31, 2024 (FY2024), because the filings covered here do not print one for those dates.
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2026 | FY | FY26 | 2026-01-31 | 2026-03-06 | 0001327811-26-000014 | reported |
| quarterly | yes | 10-Q | 2027 | Q2 | FY27Q2 | 2026-07-31 | 2026-08-27 | 0001327811-26-000044 | facts |
Company details
| Name | Workday, Inc. |
|---|---|
| Ticker | WDAY |
| CIK | 0001327811 |
| Exchange | Nasdaq |
| State | California |
| Incorporation | Delaware |
| SIC | 7374 |
| Office | Technology |
| Industry | Services-Computer Processing & Data Preparation |
Fiscal period
| Fiscal year | 2027 |
|---|---|
| Fiscal period | Q2 |
| Tag | FY27Q2 |
| Period end | 2026-07-31 |
| Form | 10-Q |
| Accession | 0001327811-26-000044 |
| Fiscal year end | 0131 |
| Source | facts |
FAQ · Workday financial statements
How much revenue did Workday make in Q2 FY2027?
Workday reported total revenue of $2.65 billion for Q2 FY2027, the quarter ended July 31, 2026, up 12.8% from $2.35 billion in the same quarter a year earlier. Subscription revenue, most of the total, was $2.47 billion, up 13.9% from $2.17 billion.
What were Workday's net income and earnings per share in Q2 FY2027?
Workday earned net income of $632 million, or $2.57 per diluted share, in Q2 FY2027, compared with $228 million, or $0.84 per diluted share, a year earlier. Most of the increase came from an income tax benefit tied mainly to an internal transfer of intellectual property rights between Workday entities.
Why did Workday's earnings jump in Q2 FY2027?
Workday's net income of $632 million in Q2 FY2027 was lifted mainly by an income tax benefit from an internal transfer of intellectual property rights between its own entities, not by the operating business alone. Workday's operating income, which comes before taxes, was $313 million, up 26.2% from $248 million a year earlier.
What was Workday's operating income in Q2 FY2027?
Workday reported operating income of $313 million for Q2 FY2027, the quarter ended July 31, 2026, up 26.2% from $248 million a year earlier, on revenue of $2.65 billion.
Where can I get Workday, Inc. (WDAY) financial data in machine-readable form?
Ticker Scout publishes Workday, Inc.'s financial statements as JSON at https://tickerscout.ai/wday/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/wday/narrative.md and https://tickerscout.ai/wday/events.md. Workday, Inc.'s SEC CIK is 0001327811. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Workday, Inc. (WDAY) next file with the SEC?
Workday, Inc. (WDAY) is expected to file its next Form 10-Q with the SEC on or around November 25, 2026. That date is a projection rather than a company-announced date: it is derived from Workday, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2027, the period ended 2026-07-31, SEC accession 0001327811-26-000044.
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How this page was built
This page was built from three of Workday, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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