Workday, Inc.

NasdaqGS-WDAY

Operating Activities	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Net Income	252	228	68	94	193	132
Net Income
Depreciation & Amortization	160	153	152	157	145	141
Depreciation and Amortization
Amortization of Deferred Costs
Stock Based Compensation	376	392	459	397	368	370
Share-Based Compensation Expense
Other Adjustments	56	76	73	22	-9	35
Amortization and Writeoff of Debt Discount and Issuance Costs
Non-Cash Lease Expense
Net Gains on Investments
Impairment of Cost Method Investment
Accretion of Discounts on Marketable Debt Securities, Net
Deferred Income Taxes
Other
Changes in Trade Receivables	-126	-264	601	-551	-114	-157
Change in Trade and Other Receivables, Net
Changes in Accounts Payable	-7	4	-4	28	-15	2
Change in Accounts Payable
Changes in Accrued Expenses	-25	32	-131	95	-12	69
Change in Accrued Expenses and Other Liabilities
Changes in Unearned Revenue	-30	41	-670	1,036	-110	-3
Change in Unearned Revenue
Changes in Other Operating Activities	-68	-46	-91	-166	-40	-18
Change in Deferred Costs
Change in Prepaid Expenses and Other Assets
Cash from Operating Activities	588	616	457	1,112	406	571
Net Cash Provided by Operating Activities

Investing Activities	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Capital Expenditure	-38	-28	-36	-86	-47	-55
Owned Real Estate Projects
Capital Expenditures, Excluding Owned Real Estate Projects
Capital Expenditures
Capital Expenditures, Excluding Owned Real Estate Investments
Purchases of Intangible Assets	—	—	—	—	-2	—
Purchases of Other Intangible Assets
Purchases of Investments	-241	-877	-1,349	-1,664	-995	-1,372
Purchases of Marketable Securities
Purchases of Non-Marketable Equity and Other Investments
Proceeds from Sale of Investments	2,940	918	862	1,024	896	1,091
Maturities of Marketable Securities
Sales of Marketable Securities
Sales of Non-Marketable Equity and Other Investments
Payments for Business Acquisitions	-974	—	—	-1	-302	-10
Business Combinations, Net of Cash Acquired
Other Investing Activities	—	—	—	—	—	—
Change in Restricted Cash
Other
Cash from Investing Activities	1,687	13	-523	-727	-450	-346
Net Cash Provided by Investing Activities

Financing Activities	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Issuance of Long-Term Debt	—	—	—	—	—	—
Proceeds from Issuance of Debt, Net of Debt Discount
Repayments of Long-Term Debt	—	—	—	—	—	—
Payments on Convertible Senior Notes
Payments on Term Loan
Repayments and Extinguishment of Debt
Net Issuance / (Repayments) of Long-Term Debt	—	—	—	—	—	—
Issuance of Common Shares	—	111	—	80	—	106
Proceeds from Issuance of Common Stock from Employee Equity Plans
Repurchases of Common Shares	-802	-299	-290	-103	-158	-312
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-802	-188	-290	-23	-158	-206
Other Financing Activities	-123	-161	-211	-131	-124	-141
Proceeds from Issuance of Warrants
Purchase of Convertible Senior Notes Hedges
Payments for Debt Issuance Costs
Principal Payments on Capital Lease Obligations
Other
Taxes Paid Related to Net Share Settlement of Equity Awards
Cash from Financing Activities	-925	-349	-501	-154	-282	-347
Net Cash Provided by Financing Activities

Free Cash Flow	Oct '25	Jul '25	Apr '25	Jan '25	Oct '24	Jul '24
Free Cash Flow	550	588	421	1,026	359	516
NOPAT	193.1	186	25.7	58.8	140.3	87.2
Levered Free Cash Flow	244	384	-712	1,158	114	268
Unlevered Free Cash Flow	185.1	342	-754.3	1,122.8	61.3	223.2
Net Change in Cash	1,350	280	-567	231	-326	-122