Workday reported strong fiscal 2026 fourth quarter and full-year results, underscoring sustained growth and expanding profitability as it accelerates its enterprise AI strategy. Q4 total revenues reached $2.532 billion, up 14.5% year-over-year, with subscription revenues growing 15.7% to $2.360 billion. For the full fiscal year, total revenues climbed 13.1% to $9.552 billion, while subscription revenues rose 14.5% to $8.833 billion.



Fiscal Fourth Quarter Total Revenues of $2.532 Billion, Up 14.5% Year-Over-Year
Subscription Revenues of $2.360 Billion, Up 15.7% Year-Over-Year

Fiscal Year 2026 Total Revenues of $9.552 Billion, Up 13.1% Year-Over-Year
Subscription Revenues of $8.833 Billion, Up 14.5% Year-Over-Year
Operating Cash Flows of $2.939 Billion, Up 19.4% Year-Over-Year

PLEASANTON, Calif., Feb. 24, 2026 - Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for managing people, money, and agents, today announced results for the fiscal 2026 fourth quarter and full year ended January 31, 2026.

Fiscal 2026 Fourth Quarter Results

• Total revenues were $2.532 billion, an increase of 14.5% from the fourth quarter of fiscal 2025. Subscription revenues were $2.360 billion, an increase of 15.7% from the same period last year.


• Operating income was $174 million, or 6.9% of revenues, compared to an operating income of $75 million, or 3.4% of revenues, in the same period last year. Non-GAAP operating income for the fourth quarter was $774 million, or 30.6% of revenues, compared to a non-GAAP operating income of $584 million, or 26.4% of revenues, in the same period last year.¹


• Diluted net income per share was $0.55, compared to diluted net income per share of $0.35 in the same period last year. Non-GAAP diluted net income per share was $2.47, compared to non-GAAP diluted net income per share of $1.92 in the same period last year.¹

Fiscal Year 2026 Results

• Total revenues were $9.552 billion, an increase of 13.1% from fiscal 2025. Subscription revenues were $8.833 billion, an increase of 14.5% from the prior year.


• Operating income was $721 million, or 7.5% of revenues, compared to an operating income of $415 million, or 4.9% of revenues, in fiscal 2025. Operating income in fiscal 2026 was impacted by restructuring expenses of $303 million, compared to restructuring expenses of $84 million in the prior year. Non-GAAP operating income was $2.824 billion, or 29.6% of revenues, compared to a non-GAAP operating income of $2.186 billion, or 25.9% of revenues, in the prior year.¹


• Diluted net income per share was $2.59, compared to diluted net income per share of $1.95 in fiscal 2025. Diluted net income per share in fiscal 2026 was impacted by restructuring expenses of $303 million, compared to restructuring expenses of $84 million in the prior year. Non-GAAP diluted net income per share was $9.23, compared to non-GAAP diluted net income per share of $7.30 in the same period last year.¹


• 12-month subscription revenue backlog was $8.833 billion, up 15.8% from the same period last year. Total subscription revenue backlog was $28.101 billion, increasing 12.2% year-over-year. 12-month subscription revenue backlog and total subscription revenue backlog include the impact from the acquisitions of Paradox and Sana, which closed in the third and fourth quarters of fiscal 2026, respectively.


• Operating cash flows were $2.939 billion, an increase of 19.4% from fiscal 2025. Free cash flows were $2.777 billion, an increase of 26.7% from the prior year.¹


• Workday repurchased approximately 12.8 million shares of Class A common stock for $2.9 billion as part of its share repurchase programs.


• Cash, cash equivalents, and marketable securities were $5.443 billion as of January 31, 2026.

Comments on the News

"We built Workday to bring innovation back to the worlds of HR and finance, and AI gives us the chance to do it all again," said Aneel Bhusri, co-founder, CEO and chair, Workday. "We operate at the heart of the global enterprise, where trust and accuracy matter most. That gives Workday a unique opportunity to bring AI directly into the HR and finance workflows our customers rely on every day and to deliver real, measurable value."

"Our fourth quarter results reflect the deep trust customers place in Workday to manage their most critical assets," said Zane Rowe, CFO, Workday. "We expect fiscal 2027 subscription revenues of approximately $9.925 billion to $9.950 billion, representing 12% to 13% growth, and we expect fiscal 2027 non-GAAP operating margin of approximately 30.0%. We are prioritizing investment in our agentic AI roadmap to capture a larger market opportunity."

Recent Business Highlights

• Workday co-founder and chair Aneel Bhusri returned as chief executive officer to lead the company's next chapter.


• Workday welcomed new customers including Boston Children's Hospital, Copenhagen Airports A/S, Fruit of the Loom, Insomnia Cookies, Lavazza, Sargent & Lundy, State of New York Unified Court System, and Queensland University of Technology, and expanded existing relationships with Accenture, Ally Financial, Anthropic, eBay Inc., Iron Mountain, Merck, and Otis Elevator Company.


• Workday now has more than 11,500 customers globally, including more than 7,000 core Workday Financial Management and Workday HCM customers.


• Workday released Sana Core and Sana Enterprise into general availability.


• Workday delivered 1.7 billion AI actions across its platform in fiscal 2026.


• Paradox Conversational Applicant Tracking System was made available through Workday, which leverages the power of AI to help organizations hire frontline workers faster.


• Workday closed the acquisition of Pipedream, a leading integration platform for AI agents with more than 3,000 pre-built connectors to business applications.


• Workday expanded its ecosystem with a new global developer network; announced Google BigQuery as the latest partner to join Workday Data Cloud; and welcomed Lyra Health, Empathy, and Airvet to the Workday Wellness program.


• Workday announced the expansion of Workday GO for midsize businesses with new global payroll, a unified partner network, and an AI-powered Deployment Agent to simplify and speed deployment.


• Workday launched the Workday EU Sovereign Cloud, which will give organizations across the European Union the ability to use Workday's AI-powered HR and finance solutions while keeping their data secure, local, and under their control.


• Workday pledged to support workers with AI access, skills training, and job pathways through the World Economic Forum's Reskilling Revolution initiative, and joined the U.S. Tech Force as a strategic partner to help federal agencies build and develop technology talent.


• Workday was named a Leader in the 2025 Gartner^® Magic Quadrant™ for Financial Planning Software¹.

Financial Outlook

Workday is providing guidance for the fiscal 2027 first quarter ending April 30, 2026 as follows:

• Subscription revenues of $2.335 billion, representing growth of 13%


• Non-GAAP operating margin of 30.5%¹

Workday is providing guidance for the fiscal 2027 full year ending January 31, 2027 as follows:

• Subscription revenues of $9.925 billion to $9.950 billion, representing growth of 12% to 13%


• Non-GAAP operating margin of 30.0%¹

Earnings Call Details

Workday plans to host a conference call today to review its fiscal 2026 fourth quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT/4:30 p.m. ET and can be accessed via webcast. The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days.

Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

About Workday

Workday is the enterprise AI platform for managing people, money, and agents. Workday unifies HR and Finance on one intelligent platform with AI at the core to empower people at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver outcomes that matter. Workday is used by more than 11,500 organizations around the world and across industries – from medium-sized businesses to more than 65% of the Fortune 500. For more information about Workday, visit workday.com.

© 2026 Workday, Inc. All rights reserved. Workday and the Workday logo are trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

Forward-Looking Statements

This press release contains forward-looking statements including, among other things, statements regarding Workday's first quarter and full year fiscal 2027 subscription revenues and non-GAAP operating margin, growth, innovation, opportunity, and investments. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (iv) privacy concerns and evolving domestic or foreign laws and regulations; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) our reliance on our network of partners to drive additional growth of our revenues; (vii) the regulatory, economic, and political risks associated with our domestic and international operations; (viii) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) delays or reductions in information technology spending; (xii) adverse litigation results; (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model; and (xiv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.

Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.