Workday, Inc.
WDAYNASDAQ
$210.76
Last price · USD
- Market cap
- $55.52B
- P/E
- 81.7x
- EV / EBITDA
- 42.7x
- P/S
- 5.8x
- FCF yield
- 5.0%
- Div. yield
- 0.00%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Workday, Inc. cash flow statement
Annual · USD millions except per-share data · 35 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 693 | 526 | 1,381 | (367) | 29 | +121.1% | |
| Depreciation & amortization | 347 | 326 | 282 | 364 | 344 | +0.2% | |
| Deferred income tax | 218 | 33 | (1,058) | 4 | 0 | — | |
| Stock-based compensation | 1,626 | 1,519 | 1,416 | 1,295 | 1,112 | +10.0% | |
| Change in working capital | (329) | (218) | (34) | 48 | 108 | — | |
| Accounts receivables | (360) | (313) | (87) | (319) | (208) | — | |
| Inventory | 0 | 0 | 0 | 319 | 0 | — | |
| Accounts payables | 6 | 25 | (72) | 86 | 9 | -9.6% | |
| Other working capital | 25 | 70 | 125 | (38) | 307 | -46.6% | |
| Other non-cash items | 384 | 275 | 162 | 313 | 58 | +60.7% | |
| Net cash from operating activities | 2,939 | 2,461 | 2,149 | 1,657 | 1,651 | +15.5% | |
| Operating cash flow | 2,939 | 2,461 | 2,149 | 1,657 | 1,651 | +15.5% | |
| Investing activities | |||||||
| Investments in PP&E | (162) | (272) | (238) | (360) | (272) | — | |
| Capital expenditure | (162) | (272) | (238) | (360) | (272) | — | |
| Acquisitions, net | (2,079) | (825) | (8) | 0 | (1,190) | — | |
| Purchases of investments | (2,742) | (4,808) | (6,166) | (7,206) | (2,982) | — | |
| Sales / maturities of investments | 5,295 | 4,124 | 4,665 | 5,065 | 3,008 | +15.2% | |
| Other investing activities | 21 | 0 | (4) | (4) | (172) | — | |
| Net cash from investing activities | 333 | (1,781) | (1,751) | (2,506) | (1,607) | — | |
| Financing activities | |||||||
| Net debt issuance | 0 | 0 | 0 | 1,127 | (38) | — | |
| Short-term net debt issuance | 0 | 0 | 0 | 0 | 0 | — | |
| Long-term net debt issuance | 0 | 0 | 0 | 1,127 | (38) | — | |
| Net stock issuance | (2,703) | (514) | (246) | 77 | 148 | — | |
| Common stock issuance | 192 | 186 | 177 | 152 | 148 | +6.7% | |
| Common stock repurchased | (2,895) | (700) | (423) | (75) | 0 | — | |
| Net common stock issuance | (2,703) | (514) | (246) | 77 | 148 | — | |
| Other financing activities | (616) | (636) | (22) | (1) | -0 | — | |
| Net cash from financing activities | (3,319) | (1,150) | (268) | 1,204 | 110 | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | (6) | 0 | (1) | (1) | (1) | — | |
| Net change in cash | (53) | (470) | 129 | 354 | 153 | — | |
| Cash at beginning of period | 1,554 | 2,024 | 1,895 | 1,541 | 1,388 | +2.9% | |
| Cash at end of period | 1,501 | 1,554 | 2,024 | 1,895 | 1,541 | -0.7% | |
| Free cash flow | 2,777 | 2,189 | 1,911 | 1,297 | 1,378 | +19.1% | |
| Income taxes paid | 0 | 65 | 39 | 89 | 13 | — | |
| Interest paid | 110 | 110 | 110 | 60 | 13 | +70.6% | |