Is Workday, Inc. (WDAY) overvalued or fairly valued?

MarketChacha shows Workday, Inc.'s valuation in context — a trailing P/E of about 38.0, a forward P/E of about 15.0, a price-to-book of about 7.4 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Workday, Inc.'s reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (4.12×) from reported figures — education, not a rating.

What is Workday, Inc.'s revenue?

Workday, Inc. reported revenue of $9.6B for FY2026, with net profit of $693.0M, per official filings.

What is the share price of Workday, Inc. (WDAY)?

Workday, Inc. last traded at $198.48 (+1.7% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Workday, Inc.

WDAY · NASDAQ · Technology · United States

Snapshot

TickerWDAY

ExchangeNASDAQ

SectorTechnology

IndustrySoftware - Application

CountryUnited States

Employees20,896

HeadquartersPleasanton, United States

Websitewww.workday.com

Filings tracked18

About Workday, Inc.

Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company offers a suite of financial management applications to maintain accounting information; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; perform financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. It also provides spend management solutions that help organizations to streamline supplier selection and contract management, build and execute sourcing events, such as requests for proposals, and manage indirect spend; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; Workday Extend for customers and their developers to build custom applications. The company serves the professional and business services, financial services, healthcare, manufacturing, media, education, government, technology, media, retail, and hospitality industries. It sells its solutions through its direct sales organization. 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.

Who owns it

Insiders2.1%
Institutions97.9%
Public & other0.0%

1,399 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.13.46%
Vanguard Capital Management LLC8.42%
Hotchkis & Wiley Capital Management, LLC8.08%
Eagle Capital Management LLC7.21%
Vanguard Portfolio Management LLC7.12%
State Street Corporation6.10%
First Eagle Investment Management, LLC5.62%
Invesco Ltd.5.19%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion4.12×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend-5.9% → 7.3%

Margin has expanded by about 13.2 points — the business is getting more profitable.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.8B · EPS 2.95

Est. earnings growth +19.3%

Next fiscal year

Rev $11.8B · EPS 13.23

Est. earnings growth +19.4%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$9.6B

Net margin

7.3%

ROE

8.9%

Revenue CAGR (3y)

+15.4%

EPS (FY2026)

2.59

Net profit (FY2026)

$693.0M

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$9.6B	$693.0M	2.59	7.3%	8.9%
FY2025	$8.4B	$526.0M	1.95	6.2%	5.8%
FY2024	$7.3B	$1.4B	5.21	19.0%	17.1%
FY2023	$6.2B	$-367.0M	-1.44	-5.9%	-6.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q3	$2.6B	$632.0M	2.57	23.9%
2026Q2	$2.5B	$222.0M	0.87	8.7%
2025Q4	$2.4B	$252.0M	0.94	10.4%
2025Q3	$2.3B	$228.0M	0.84	9.7%
2025Q2	$2.2B	$68.0M	0.25	3.0%
2024Q4	$2.2B	$193.0M	0.72	8.9%
2024Q3	$2.1B	$132.0M	0.49	6.3%
2024Q2	$2.0B	$107.0M	0.40	5.4%
2023Q4	$1.9B	$114.0M	0.43	6.1%
2023Q3	$1.8B	$79.0M	0.30	4.4%
2023Q2	$1.7B	$0	0.00	0.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Other events, Exhibits
SEC8/27/2026material
10-Q filing
SEC8/27/2026
8-K — Shareholder vote results
SEC6/22/2026material
10-Q filing
SEC5/22/2026
8-K — Results of operations, Exhibits
SEC5/21/2026material
8-K — Exhibits
SEC4/24/2026material
10-K filing
SEC3/6/2026
8-K — Executive/director change
SEC3/6/2026material
8-K — Results of operations, Exhibits
SEC2/24/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC2/9/2026material
8-K — Results of operations, Costs from exit/disposal, Material impairment
SEC2/4/2026material

2025

10-Q filing
SEC11/26/2025
8-K — Results of operations, Exhibits
SEC11/25/2025material
8-K — Other events
SEC9/17/2025material
8-K — Other events, Exhibits
SEC9/16/2025material
10-Q filing
SEC8/22/2025
8-K — Results of operations, Exhibits
SEC8/21/2025material
8-K — Other events, Exhibits
SEC8/21/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.