Workday, Inc. (WDAY) Stock

Workday, Inc. (WDAY) is a Technology stock trading at $141.84 (as of 2026-07-15), with a market capitalization of $36.07B and a trailing P/E of 46.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Workday, Inc. provides enterprise cloud applications for managing business operations, including finance and spend management, and human capital management. Its products support planning, execution, analysis, and employee lifecycle management, serving organizations that use Workday’s applications for financial operations and HR processes.

Understand Workday, Inc.: how it makes money

Workday provides enterprise cloud applications (for finance and for planning, executing, analyzing, and extending business operations) sold to large organizations, and it makes most of its money from subscription revenues, with additional revenue from professional services.

Workday’s profit model is primarily driven by recurring subscription revenues, supported by a large and continuing installed base (users and organizations under contract), with professional services a smaller add-on revenue stream.

Revenue by segment (latest quarter)
Subscription$2.4B
Professional Svcs$0.2B

Business quality (Mixed): The company’s revenue mix is clearly dominated by subscriptions, and its operating metrics include multiple adoption and usage indicators that can help investors track whether that recurring base is expanding or stabilizing.

Valuation: Trades at 35× trailing earnings · $29B market cap.

Bull case

  • Subscription-led revenue: Most revenue comes from Subscription Revenues (2.35B of 2.5B total in the stated period), which aligns the business with ongoing customer value rather than one-time deals.
  • Large installed base metrics are trackable: Workday reports sizable scale indicators such as Organizations Using Workday (11,500) and Users Under Contract (70,000,000), which can support recurring demand for enterprise cloud applications.

Bear case

  • Sensitivity to subscription retention and adoption: Because Subscription Revenues are the core of the revenue model, any slowdown reflected in adoption metrics (such as Organizations Using Workday or Users Under Contract) could pressure growth.
  • Professional services is a smaller, potentially variable contributor: Professional Services Revenues are comparatively smaller (0.19B), so shifts in service demand or delivery could matter less than subscription, but still affect total revenue variability.
Valuation — source: SEC EDGAR (first-party)
Price$141.84
Market Cap$36.07B
P/E Ratio46.8
EV / EBITDA38.6
Price / Book5.40
Price / Sales3.77
FCF Yield6.0%
DCF Value (model)$252.75
DCF Upside vs Price78.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$9.55B
Net Margin7.3%
Revenue Growth (YoY)13.5%
EPS Growth (YoY)248.0%
FCF Growth (YoY)46.3%
Financial Health — source: SEC EDGAR
Altman Z-Score2.98 (grey)
Valuation vs Sector & Industry
Stock P/E46.8
Sector P/E (Technology)34.5
Industry P/E (Business Services)30.8
vs Sector35.8%
vs Industry52.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($5.37B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOAneel Bhusri
Employees20,482
CountryUS
IPO Date2012-10-12

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WDAY earnings history · WDAY institutional & insider holders · WDAY KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-15.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.