Workday (WDAY) stock
Information Technology · Application Software
Workday (WDAY) is an Application Software company in the Information Technology sector, headquartered in Pleasanton, California. As of October 23, 2026, WDAY closed at $209.99, a market capitalization of $50.61 billion, the 232nd largest company in the S&P 500. Over the last twelve months it generated $10.15 billion in revenue (+13% year over year) and $2.84 billion in free cash flow. The stock trades at 42.8x trailing earnings and 15.9x forward earnings.
- 1-year total return: -13.7% (dividends reinvested)
- 5-year return: -5.6% a year
- 52-week range: $110.36 – $244.26
- Gross margin 75.8%, operating margin 11.8%
- FI Handbook report card: B across 10 metrics
- 45th largest of 75 Information Technology stocks in the S&P 500
WDAY price chart
1Y price change: -13.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| WDAY | +9.2% | -2.2% | -13.7% | +0.1% | -5.6% | +9.0% | +11.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2012.
WDAY key statistics
- Market cap
- $50.6B
- #232 in S&P 500
- P/E (TTM)
- 42.8x
- Forward P/E
- 15.9x
- EPS (TTM)
- $4.91
- Revenue (TTM)
- $10.2B
- +13%
- Free cash flow
- $2.8B
- Gross margin
- 75.8%
- Operating margin
- 11.8%
- Return on equity
- 16.0%
- Dividend yield
- None
- 52-week range
- $110.36 – $244.26
- Beta
- 1.07
- Price / sales
- 5.0x
- EV / EBITDA
- 32.1x
- Debt / equity
- 0.58x
- Employees
- 20,896
WDAY report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth12.8%B
- Gross margin75.8%A
- Operating margin11.8%C
- FCF margin28.0%A
- Return on equity16.0%B
- Net debt / EBITDA0.2xB
- Forward P/E15.9xB
- PEG ratio0.6xA
- Shareholder yield5.7%A
- Share count change / yr2.5%F
Workday financials
Revenue went from $1.6B in fiscal 2017 to $9.6B in fiscal 2026, growing 22.2% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $2.1B | $2.8B | $3.6B | $4.3B | $5.1B | $6.2B | $7.3B | $8.4B | $9.6B |
| Operating income | -$353.1M | -$303.2M | -$463.3M | -$502.2M | -$248.6M | -$116.0M | -$222.0M | $183.0M | $415.0M | $721.0M |
| Net income | -$384.7M | -$321.2M | -$418.3M | -$480.7M | -$282.4M | $29.0M | -$367.0M | $1.4B | $526.0M | $693.0M |
| EPS (diluted) | — | — | — | $-2.12 | $-1.19 | $0.12 | $-1.44 | $5.21 | $1.95 | $2.59 |
| Free cash flow | $229.8M | $324.2M | $404.2M | — | — | — | $1.3B | $1.9B | $2.2B | $2.8B |
| Buybacks | — | — | — | — | $0 | $0 | $75.0M | $423.0M | $700.0M | $2.9B |
| Diluted shares | — | — | — | 227.2M | 237.0M | 254.0M | 254.8M | 265.3M | 269.2M | 268.1M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into WDAY?
A reverse DCF asks what growth the current price requires. With an enterprise value of $51.0B and $2.8B of trailing free cash flow, Workday needs to grow free cash flow about 7.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 53.7% a year over the last five years.
P/E ratio history
Current 81.1x vs. median 90.1x (10th–90th percentile 45.3x–1398.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
WDAY analyst price targets
37 analysts' average 12-month target is $209.25 (-0% vs. $209.99). Targets range from $92.00 to $275.00. 45% rate it a buy.
WDAY earnings
Next report: December 1, 2026. Workday has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $2.6B (+13% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 27, 2026 | $2.61 | $2.75 | +5.3% |
| May 21, 2026 | $2.52 | $2.66 | +5.7% |
| Feb 24, 2026 | $2.32 | $2.47 | +6.4% |
| Nov 25, 2025 | $2.17 | $2.32 | +6.7% |
| Aug 21, 2025 | $2.12 | $2.21 | +4.4% |
| May 22, 2025 | $2.01 | $2.23 | +11.0% |
| Feb 25, 2025 | $1.78 | $1.92 | +8.1% |
| Nov 26, 2024 | $1.76 | $1.89 | +7.5% |
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WDAY news
- Workday (WDAY) Stock Looks Undervalued Based On Future Cash Flow · Oct 23, 2026
- Workday Announces Pricing of $2.5 Billion Senior Notes Offering · Oct 22, 2026
- Which Gives You More Of The AI Software Bet, Workday Or Autodesk? · Oct 21, 2026
- Will Workday's C1.ai Acquisition Boost Its Enterprise AI Position? · Oct 21, 2026
- Workday Shares Fall on KeyBanc Downgrade. Here's What to Make of WDAY Stock Now. · Oct 20, 2026
WDAY stock FAQ
What is WDAY's market cap?
Workday's market capitalization is $50.61 billion as of October 23, 2026, ranking 232nd in the S&P 500.
What is WDAY's P/E ratio?
WDAY trades at a trailing price-to-earnings ratio of 42.8x and a forward P/E of 15.9x. Its median P/E over the period we track is 90.1x.
Does WDAY pay a dividend?
No. Workday does not currently pay a regular cash dividend.
How much has WDAY stock returned?
Including reinvested dividends, WDAY returned -13.7% over one year, -5.6% a year over five years, +9.0% a year over ten years through October 23, 2026.
Is WDAY stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Workday must grow free cash flow about 8% a year for the next decade. Its free cash flow grew 54% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the WDAY price target?
37 analysts cover WDAY with an average 12-month price target of $209.25, -0% from the current price. 45% of them rate it a buy.
When does WDAY report earnings?
Workday is expected to report earnings on December 1, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Workday have?
Workday has about 20,896 full-time employees, or $485,978 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology