$WDAY

Workday, Inc.

CIK:0001327811|SEC Filings

Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions

3 Months Ended

6 Months Ended

Jul. 31, 2026

Jul. 31, 2025

Jul. 31, 2026

Jul. 31, 2025

Revenues:

Total revenues

$ 2,649

$ 2,348

$ 5,191

$ 4,588

Costs and expenses:

Product development

^[1]

747

660

1,451

1,322

Sales and marketing

^[1]

706

641

1,386

1,264

General and administrative

^[1]

231

216

447

429

Restructuring

^[1]

167

Total costs and expenses

2,336

^[1]

2,100

^[1]

4,540

4,301

Operating income

313

248

651

287

Other income, net

120

Income before provision for (benefit from) income taxes

327

304

682

407

Provision for (benefit from) income taxes

(305)

(172)

111

Net income

$ 632

$ 228

$ 854

$ 296

Net income per share, basic (in dollars per share)

$ 2.58

$ 0.86

$ 3.42

$ 1.11

Net income per share, diluted (in dollars per share)

$ 2.57

$ 0.84

$ 3.41

$ 1.09

Weighted-average shares used to compute net income per share, basic (in shares)

245,181

266,777

249,464

266,649

Weighted-average shares used to compute net income per share, diluted (in shares)

246,307

270,180

250,238

270,240

Subscription services

Revenues:

Total revenues

$ 2,471

$ 2,169

$ 4,826

$ 4,228

Costs and expenses:

Costs of services

^[1]

436

370

848

720

Professional services

Revenues:

Total revenues

178

179

365

360

Costs and expenses:

Costs of services

^[1]

$ 216

$ 212

$ 408

$ 399

[1]


(1) Costs and expenses include share-based compensation expense as follows:
	Three Months Ended July 31,				Six Months Ended July 31,
	2026		2025		2026		2025
Costs of subscription services	$	44	$	39	$	80	$	81
Costs of professional services	30		28		56		58
Product development	217		170		401		353
Sales and marketing	93		84		183		177
General and administrative	78		70		151		140
Restructuring	0		0		0		42
Total share-based compensation expense	$	462	$	391	$	871	$	851

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Cash flows from operating activities:
Net income	$ 854	$ 296
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	183	165
Share-based compensation expense	871	851
Amortization of deferred costs	162	140
Non-cash lease expense	64	54
Net losses on investments	5	2
Accretion of discounts on marketable debt securities, net	(15)	(38)
Deferred income taxes	(293)	84
Asset impairments	0	34
Other	(2)	13
Changes in operating assets and liabilities:
Trade and other receivables, net	421	337
Deferred costs	(195)	(152)
Prepaid expenses and other assets	(11)	15
Accounts payable	(13)	0
Accrued expenses and other liabilities	(194)	(99)
Unearned revenue	(622)	(629)
Net cash provided by operating activities	1,215	1,073
Cash flows from investing activities:
Purchases of marketable securities	(215)	(2,211)
Maturities of marketable securities	536	1,515
Sales of marketable securities	824	265
Capital expenditures	(139)	(64)
Purchases of non-marketable equity and other investments	(13)	(15)
Sales of non-marketable equity and other investments	42	0
Other	8	0
Net cash provided by (used in) investing activities	1,043	(510)
Cash flows from financing activities:
Repurchases of common stock	(2,924)	(589)
Proceeds from issuance of common stock from employee equity plans	98	111
Taxes paid related to net share settlement of equity awards	(273)	(372)
Net cash used in financing activities	(3,099)	(850)
Effect of exchange rate changes	0	2
Net decrease in cash, cash equivalents, and restricted cash	(841)	(285)
Cash, cash equivalents, and restricted cash at the beginning of period	1,509	1,554
Cash, cash equivalents, and restricted cash at the end of period	668	1,269
Supplemental cash flow data:
Cash paid for interest, net of amounts capitalized	52	55
Cash paid for income taxes, net of refunds	131	58
Non-cash investing and financing activities:
Purchases of property and equipment, accrued but not paid	45	18
Repurchases of common stock, including excise tax, accrued but not paid	24	3
Taxes related to net share settlement of equity awards, accrued but not paid	15	15
Reconciliation of cash, cash equivalents, and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows:
Cash and cash equivalents	661	1,264
Restricted cash included in Prepaid expenses and other current assets	7	5
Total cash, cash equivalents, and restricted cash	$ 668	$ 1,269

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 31, 2026	Jan. 31, 2026
Current assets:
Cash and cash equivalents	$ 661	$ 1,501
Marketable securities	2,742	3,942
Trade and other receivables, net	1,895	2,332
Deferred costs	320	306
Prepaid expenses and other current assets	351	348
Total current assets	5,969	8,429
Property and equipment, net	1,126	1,093
Operating lease right-of-use assets	680	719
Deferred costs, noncurrent	654	634
Acquisition-related intangible assets, net	611	681
Deferred tax assets	1,129	829
Goodwill	5,227	5,229
Other assets	461	460
Total assets	15,857	18,074
Current liabilities:
Accounts payable	102	142
Accrued expenses and other current liabilities	462	454
Accrued compensation	493	642
Unearned revenue	4,387	5,010
Operating lease liabilities	130	130
Debt, current	999	0
Total current liabilities	6,573	6,378
Debt, noncurrent	1,990	2,987
Unearned revenue, noncurrent	72	71
Operating lease liabilities, noncurrent	653	704
Other liabilities	109	129
Total liabilities	9,397	10,269
Stockholders’ equity:
Common stock	0	0
Additional paid-in capital	13,365	12,673
Treasury stock	(7,151)	(4,220)
Accumulated other comprehensive loss	(96)	(136)
Retained earnings (accumulated deficit)	342	(512)
Total stockholders’ equity	6,460	7,805
Total liabilities and stockholders’ equity	$ 15,857	$ 18,074