Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. The company also provides cloud spend management solutions that helps organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; Human Capital Management (HCM) solution, a suite of human capital management applications that allows organizations to manage the entire employee lifecycle from recruitment to retirement, and enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences; Workday applications for planning; and applications for analytics and reporting, including augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. It serves professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.

Workday, Inc.

Subscription Services

Subscription Services %Chg

Subscription Services Common Size

Professional Services

Professional Services %Chg

Professional Services Common Size

Total Revenues

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Total Revenues Common Size

Costs of Subscription Services

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Costs of Subscription Services Common Size

Costs of Professional Services

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Costs of Professional Services Common Size

Product Development

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Product Development Common Size

Sales and Marketing

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General and Administrative

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Restructuring

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Total Costs and Expenses

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Operating Income

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Operating Income Common Size

Other Income, Net

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Other Income, Net Common Size

Income Before Provision for Income Taxes

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Provision for Income Taxes

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Net Income

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Net Income Common Size

Accretion of Redeemable Convertible Preferred Stock

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Accretion of Redeemable Convertible Preferred Stock Common Size

Net Loss Attributable to Class a and Class B Common Stockholders

Net Loss Attributable to Class a and Class B Common Stockholders %Chg

Net Loss Attributable to Class a and Class B Common Stockholders Common Size

Net Income per Share, Basic

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Net Income per Share, Basic Common Size

Net Income per Share, Diluted

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Net Income per Share, Diluted Common Size

Weighted-Average Shares Used to Compute Net Income per Share, Basic

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Weighted-Average Shares Used to Compute Net Income per Share, Basic Common Size

Weighted-Average Shares Used to Compute Net Income per Share, Diluted

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Weighted-Average Shares Used to Compute Net Income per Share, Diluted Common Size

Cost of Sales

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Research & Development Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Operating Margin Common Size

Non-Operating Income

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Total Non-Operating Income

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Consolidated Net Income

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Net Income Attributable to Preferred Dividends

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Net Income Attributable to Common Shareholders

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Basic EPS

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Diluted EPS

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Basic Weighted Average Shares Outstanding

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Diluted Weighted Average Shares Outstanding

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EBITDA

Revenue

EBIT

CapEx

Net Interest Income

Assets

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Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Total Revenues	9,231	8,446	7,259	6,216	5,139	4,318	3,627.2	2,822.2	2,143.1	1,574.4	1,162.3
Total Revenues %Chg	13.2%	16.4%	16.8%	21%	19%	19%	28.5%	31.7%	36.1%	35.5%	47.5%
Subscription Services
Professional Services
Cost of Sales	2,249	2,069	1,771	1,710	1,428	1,198.1	1,065.3	835	629.4	483.5	374.4
Costs of Subscription Services
Costs of Professional Services
Gross Profit	6,982	6,377	5,488	4,506	3,711	3,119.9	2,561.9	1,987.2	1,513.6	1,090.9	787.9
Gross Profit Margin	75.6%	75.5%	75.6%	72.5%	72.2%	72.3%	70.6%	70.4%	70.6%	69.3%	67.8%
Selling, General & Administrative Expenses	3,451	3,252	2,841	2,441	1,948	1,647.2	1,514.3	1,238.7	906.3	763.5	582.6
Sales and Marketing
General and Administrative
Research & Development Expenses	2,663	2,626	2,464	2,247	1,879	1,721.2	1,549.9	1,211.8	910.6	680.5	469.9
Product Development
Other Operating Expenses	247	84	—	40	—	—	—	—	—	—	—
Restructuring
Operating Profit	621	415	183	-222	-116	-248.6	-502.2	-463.3	-303.2	-353.1	-264.7
Operating Margin	6.7%	4.9%	2.5%	-3.6%	-2.3%	-5.8%	-13.8%	-16.4%	-14.1%	-22.4%	-22.8%
Non-Operating Income	244	223	173	-38	132	-26.5	19.8	39.5	-11.6	-32.4	-24.2
Other Income, Net
Total Non-Operating Income	244	223	173	-38	132	-26.5	19.8	39.5	-11.6	-32.4	-24.2
Income Before Provision for Income Taxes	865	638	356	-260	16	-275.1	-482.4	-423.8	-314.8	-385.5	-288.9
Provision for Income Taxes	223	112	-1,025	107	-13	7.3	-1.8	-5.5	6.4	-0.8	1
Provision for Income Taxes
Consolidated Net Income	642	526	1,381	-367	29	-282.4	-480.7	-418.3	-321.2	-384.7	-289.9
Net Income Attributable to Preferred Dividends	—	—	—	—	—	—	—	—	—	—	—
Accretion of Redeemable Convertible Preferred Stock
Net Income Attributable to Common Shareholders	642	526	1,381	-367	29	-282.4	-480.7	-418.3	-321.2	-384.7	-289.9
Net Loss Attributable to Class a and Class B Common Stockholders
Basic EPS	2.4	2	5.3	-1.4	0.1	-1.2	-2.1	-1.9	-1.6	-1.9	-1.5
Diluted EPS	2.4	2	5.2	-1.4	0.1	-1.2	-2.1	-1.9	-1.6	-1.9	-1.5
Basic Weighted Average Shares Outstanding	266.3	265.2	263.9	254.8	247.3	237	227.2	216.8	207.8	198.2	190
Total Shares Outstanding	263	266.6	263.9	258	251	243	232	222	212	203	195
Diluted Weighted Average Shares Outstanding	269.8	269.2	265.3	199.8	254	237	227.2	216.8	207.8	198.2	190
EBITDA	1,243	992	678	317	367	157.7	-135.3	-193.9	-109.9	-191.9	-142.7
Effective Tax Rate	25.8%	17.6%	-287.9%	-41.2%	-81.3%	-2.7%	0.4%	1.3%	-2%	0.2%	-0.4%