Workday, Inc.(WDAY)Stock Analysis
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Rank #165 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
WDAY Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Workday, Inc. (WDAY), a Technology sector company. 13F Pro's AI-powered ranking engine scores WDAY at 74.2/100 on a 32-signal composite quality model, placing it at rank #165 of 2,879 stocks — the top 10% of the AI-ranked universe. WDAY scores in the top quartile across earnings quality (93.8), revenue growth (91.1), revenue scale (86.2). Shareholder dilution risk is elevated at 11.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), Workday, Inc. reports quarterly revenue of $2.5B, net income of $222.0M, an operating margin of 13.3%. Top institutional holders of WDAY by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. WDAY trades on the Nasdaq exchange and files with the SEC under CIK 1327811. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WDAY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Workday, Inc. directly from SEC EDGAR. Workday, Inc.'s 13F Pro composite quality score has ranged between 8 and 76 since 2021, currently 74.2 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving WDAY's Business? Latest 10-Q Breakdown
✓ 29/29 datapoints verifiedAI-extracted from Workday, Inc.'s 10-Q filed 2026-05-22 — Q1 FY2027 (quarter ended April 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenues grew 13% YoY to $2.5B, with subscription services up 14% to $2.4B and operating margin expanding 1,154 basis points to 13.3% GAAP.
Biggest Revenue Drivers
Total revenue: $2,542M+13% YoY
Approximately 60% from expansion within existing customers and 40% from new customers added after the comparable prior year period.
Remained relatively flat as the company expanded and leveraged its service providers.
Largest Expense Items
Increases included $31M in employee-related expenses and $16M in facilities and IT-related expenses.
Increases included $22M in employee-related expenses, $11M in amortization of deferred sales commissions, and $11M in facilities costs.
Increases included $47M in third-party hosted infrastructure expenses and $11M in amortization of acquisition-related intangible assets.
Remained relatively flat.
Margins: GAAP operating margin expanded to 13.3% from 1.8% YoY, primarily due to revenue growth outpacing headcount growth, a reduction in restructuring expenses ($0M vs $166M YoY), and moderation of operating expenses. Non-GAAP operating margin improved 159 basis points to 31.8% driven by revenue growth and moderation of operating expenses.
Watch Items from the Filing
- Total subscription revenue backlog increased 11% YoY to $27.3B, with 12-month backlog up 15% to $8.8B, indicating strong future revenue visibility.
- Gross revenue retention rate of approximately 97% demonstrates strong customer satisfaction and ability to maintain existing customer base.
- Cash, cash equivalents, and marketable securities decreased 45% YoY to $4.4B from $7.9B, primarily due to $1.6B in share repurchases and investments in marketable securities.
- Company experienced moderation in new business growth due to macroeconomic conditions including deal scrutiny, lengthened sales cycles, and reduced headcount-level commitments upon renewals, particularly in government, higher education, and healthcare sectors.
- $1.0B of Senior Notes due April 1, 2027 within 12 months; company also carries $750M due April 1, 2029 and $1.25B due April 1, 2032.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2027
$2.5B
Net Income
Q1 2027
$222.0M
Free Cash Flow
Q1 2027
$616.0M
Operating Margin
Q1 2027
13.3%
ROIC
Q1 2027
3.5%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+16.4% YoYNet Income
-61.9% YoYOperating Income
+126.8% YoYEPS (Diluted)
-62.6% YoYTotal Assets
+9.3% YoYTotal Debt
+0.1% YoYOp. Cash Flow
+14.5% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $8.45B +16.4% | $7.26B +16.8% | $6.22B +21.0% | $5.14B +19.0% | $4.32B +19.0% | $3.63B |
| Net Income | $526.0M -61.9% | $1.38B +476.3% | $-367.0M -1365.5% | $29.0M +110.3% | $-282.4M +41.2% | $-480.7M |
| Operating Income | $415.0M +126.8% | $183.0M +182.4% | $-222.0M -91.4% | $-116.0M +53.3% | $-248.6M +50.5% | $-502.2M |
| EPS (Diluted) | $1.95 -62.6% | $5.21 +461.8% | $-1.44 -1300.0% | $0.12 +110.1% | $-1.19 +43.9% | $-2.12 |
| Total Assets | $17.98B +9.3% | $16.45B +22.0% | $13.49B +28.5% | $10.50B +20.4% | $8.72B +27.9% | $6.82B |
| Total Debt | $2.98B +0.1% | $2.98B +0.1% | $2.98B -2.8% | $3.06B +5.7% | $2.90B +92.4% | $1.51B |
| Operating Cash Flow | $2.46B +14.5% | $2.15B +29.7% | $1.66B +0.4% | $1.65B +30.2% | $1.27B +46.7% | $864.6M |
AI Insight: WDAY Financial Trends
Workday stabilized profitability through 2025 after Q1 weakness, but debt jumped 33% in Q2 2026 while equity contracted sharply.
• Operating income recovered from -$132M loss in Q1 2025 to $338M profit in Q2 2026, with operating margins turning positive.
• Revenue grew 78% from Q1 2025 ($1,426M) to Q2 2026 ($2,542M), driven by sequential acceleration across 2025.
• Total debt spiked from $2,985M to $3,986M between Q4 2025 and Q2 2026; equity fell 27% from $9,172M to $6,683M.
⚠ Operating cash flow halved from $616M (Q3 2025) to $696M (Q2 2026) despite higher profits—quality of earnings warrants scrutiny.
⚠ Debt-to-equity ratio deteriorated sharply: 0.30x in Q4 2025 to 0.60x in Q2 2026—largest leverage shift in dataset.
AI Insight: WDAY Ratio Trends
Workday swung from Q1 2025 losses to double-digit operating and return margins in Q2 2026, but leverage has risen sharply.
• Operating margin recovered from -9.3% in Q1 2025 to 13.3% in Q2 2026; ROIC surged from -4.4% to 12.7% over same period.
• Net profit margin stabilized at 8.7% in Q2 2026 versus -1.5% in Q1 2025, signaling sustained earnings recovery.
• Debt-to-equity jumped to 0.60 in Q2 2026, highest in dataset, up from 0.33 in Q1–Q4 2025.
⚠ Leverage spike from 0.33 to 0.60 warrants clarification on M&A, buyback, or refinancing activity.
⚠ Q1 2025 collapse (-9.3% OpMargin) followed by sustained recovery suggests operational stabilization, but monitor for seasonal volatility.
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Top Institutional Holders of WDAY
BlackRock, Inc.
$2.6B20,080,016 shVANGUARD CAPITAL MANAGEMENT LLC
$1.8B13,833,094 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.5B11,637,749 shHOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
$1.4B10,655,733 shSTATE STREET CORP
$1.2B9,536,720 shEAGLE CAPITAL MANAGEMENT LLC
$1.1B8,707,006 shFirst Eagle Investment Management, LLC
$988.5M7,608,713 shGEODE CAPITAL MANAGEMENT, LLC
$669.2M5,162,786 shGENERATION INVESTMENT MANAGEMENT LLP
$543.3M4,181,886 shGOLDMAN SACHS GROUP INC
$512.5M3,944,450 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $2.6B | 20,080,016 |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.8B | 13,833,094 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.5B | 11,637,749 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $1.4B | 10,655,733 |
| STATE STREET CORP | $1.2B | 9,536,720 |
| EAGLE CAPITAL MANAGEMENT LLC | $1.1B | 8,707,006 |
| First Eagle Investment Management, LLC | $988.5M | 7,608,713 |
| GEODE CAPITAL MANAGEMENT, LLC | $669.2M | 5,162,786 |
| GENERATION INVESTMENT MANAGEMENT LLP | $543.3M | 4,181,886 |
| GOLDMAN SACHS GROUP INC | $512.5M | 3,944,450 |
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Is WDAY a good stock to buy?
13F Pro's AI-powered analysis of Workday, Inc. (WDAY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WDAY are available on the WDAY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own WDAY?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WDAY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Workday, Inc.'s investment landscape.