WDAY
Workday, Inc.
WDAY's fundamentals are strong and it looks cheap: trading at 39x earnings, below its usual 62x. Analysts expect strong earnings growth.
WDAY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
WDAY's revenue, profitability, cash flow and balance sheet are all currently healthy.
WDAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 15x | $191 | — |
| Current | 39x | $191 | — |
| Cheap | 41x | $205 | +7.3% |
| Fair | 61x | $302 | +58% |
| Expensive | 1,213x | $5,991 | +3043% |
Historical ranges are pointers, not guarantees.
WDAY's PE is in its cheap range at 39x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
WDAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect earnings and revenue growth for WDAY, with profitability improving.
WDAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.61 | +155% |
| Q3 2026 | $4.94 | +130% |
| Q2 2026 | $3.21 | +78% |
| Q1 2026 | $2.59 | +33% |
| Q4 2025 | $2.37 | -61% |
| Q3 2025 | $2.15 | -63% |
| Q2 2025 | $1.80 | -68% |
| Q1 2025 | $1.95 | -63% |
| Q4 2024 | $6.09 | +2438% |
WDAY earned $4.94 per share over the past year, up 130% from the year before.
WDAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +13% |
| Q2 2026 | $2.5B | +13% |
| Q1 2026 | $2.5B | +15% |
| Q4 2025 | $2.4B | +13% |
| Q3 2025 | $2.3B | +13% |
| Q2 2025 | $2.2B | +13% |
| Q1 2025 | $2.2B | +15% |
| Q4 2024 | $2.2B | +16% |
WDAY's revenue has grown year over year every quarter since late 2020: $2.6B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +1.3 points |
| Q2 2026 | 13% | +12 points |
| Q1 2026 | 6.9% | +3.5 points |
| Q4 2025 | 11% | +3 points |
| Q3 2025 | 11% | +5.2 points |
| Q2 2025 | 1.7% | -1.5 points |
| Q1 2025 | 3.4% | -0.7 points |
| Q4 2024 | 7.6% | +2.9 points |
WDAY's operating margin was 12% last quarter, up 1.3 points from the same quarter a year ago, near the top of its range since 2019.
WDAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $460M | -22% |
| Q2 2026 | $616M | +46% |
| Q1 2026 | $1.2B | +19% |
| Q4 2025 | $550M | +53% |
| Q3 2025 | $588M | +14% |
| Q2 2025 | $421M | +45% |
| Q1 2025 | $1B | +3% |
| Q4 2024 | $359M | -20% |
WDAY's free cash flow has been positive every quarter for seven years: $2.8B over the past year, up 19% from the year before.
WDAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.1% | -8M shares |
| 1 year | -8.8% | -23.9M shares |
| 3 years | -6.9% | -18.1M shares |
| 5 years | -5.3% | -13.7M shares |
| Available history | +7.8% | +17.8M shares |
WDAY has 246M diluted shares, down 8.8% from a year ago, with $5.2B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.3B |
| Q2 2026 | $1.6B |
| Q1 2026 | $1.5B |
| Q4 2025 | $802M |
| Q3 2025 | $299M |
| Q2 2025 | $290M |
| Q1 2025 | $103M |
| Q4 2024 | $158M |
WDAY spent $5.2B buying back its own shares over the past year, about six times what it spent the year before.
WDAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.7x | Healthy |
| Q2 2026 | 1.8x | Healthy |
| Q1 2026 | 1.5x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.5x | Moderate |
WDAY's net debt is about 1.7 years of its operating earnings (EBITDA), down from 2.0 years a year ago.
WDAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.6 | Neutral |
| Stochastic | 48.5 | Neutral |
WDAY's weekly RSI is 56 (neutral) and its Stochastic is 49 (neutral).
WDAY PE vs Technology Sector
| Metric | WDAY | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 28x | 39% above |
| PE % | 6 | 35 | 29 pts below |
WDAY is trading at 39x earnings, a 39% premium to the Technology sector's median of 28x.
WDAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $193.0 | 1.2% below |
| 20 week MA | $180.9 | 5.4% above |
| 50 week MA | $165.0 | 16% above |
| 100 week MA | $203.2 | 6.2% below |
| 200 week MA | $219.1 | 13% below |
WDAY's trend is mixed: it's above two of its five weekly moving averages, and 13% below its 200-week average.
WDAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $165.9 | $248.8 | +50% |
| 2021 | $248.8 | $278.1 | +12% |
| 2022 | $278.1 | $164.6 | -41% |
| 2023 | $164.6 | $276.1 | +68% |
| 2024 | $276.1 | $266.2 | -3.6% |
| 2025 | $266.2 | $220.7 | -17% |
| 2026 YTD | $220.7 | $190.6 | -14% |
WDAY has finished lower in three of the last six years. It's down 14% so far in 2026.