Stock Analysis on Net
Stock Analysis on Net

Workday Inc. (NASDAQ:WDAY)

Common-Size Balance Sheet: Assets
Quarterly Data

Workday Inc., common-size consolidated balance sheet: assets (quarterly data)

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Jul 31, 2026 Apr 30, 2026 Jan 31, 2026 Oct 31, 2025 Jul 31, 2025 Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020
Cash and cash equivalents 4.17 3.47 8.30 14.70 7.04 5.65 8.58 7.98 10.07 10.99 12.23 11.23 10.45 10.89 13.99 12.72 18.77 21.69 14.61 13.74 11.93 11.12 15.88 13.60 16.53 16.80
Marketable securities 17.29 23.58 21.81 23.85 38.54 40.66 36.01 35.59 35.35 34.06 35.26 38.17 38.01 36.86 31.40 31.61 28.73 27.18 20.10 23.91 24.37 23.60 24.68 23.97 20.18 19.16
Trade and other receivables, net 11.95 9.79 12.90 9.86 8.96 7.92 10.85 8.55 7.96 7.11 9.96 8.80 9.25 8.22 11.64 8.40 8.34 6.08 11.84 9.16 9.58 7.50 11.84 9.47 9.26 8.08
Deferred costs, current 2.02 1.91 1.69 1.61 1.55 1.56 1.49 1.49 1.46 1.46 1.41 1.49 1.45 1.45 1.42 1.38 1.25 1.23 1.46 1.44 1.43 1.44 1.41 1.40 1.40 1.39
Prepaid expenses and other current assets 2.21 2.22 1.93 1.67 1.86 2.10 1.73 1.66 1.84 2.05 1.55 1.88 1.86 1.98 1.67 2.15 1.82 1.98 1.66 1.46 1.65 1.63 1.28 2.01 2.15 2.31
Current assets 37.64% 40.97% 46.64% 51.69% 57.94% 57.88% 58.66% 55.27% 56.67% 55.67% 60.41% 61.57% 61.02% 59.41% 60.12% 56.26% 58.91% 58.15% 49.66% 49.72% 48.95% 45.29% 55.08% 50.46% 49.51% 47.74%
Property and equipment, net 7.10 6.97 6.05 6.38 6.24 6.62 6.89 7.69 7.76 7.77 7.50 8.66 8.90 9.19 8.91 9.84 9.31 9.27 10.70 11.87 12.46 13.40 11.15 12.45 12.76 12.96
Operating lease right-of-use assets 4.29 4.39 3.98 4.06 4.00 2.06 1.87 2.04 2.09 2.03 1.76 1.91 1.91 1.92 1.85 2.16 2.16 1.97 2.36 2.86 3.03 3.26 4.75 5.30 4.33 4.29
Deferred costs, noncurrent 4.12 3.85 3.51 3.23 3.13 3.16 3.12 2.98 3.00 3.07 3.09 3.10 3.03 3.06 3.12 2.90 2.67 2.65 3.25 3.05 3.05 3.08 3.12 2.96 2.99 2.97
Acquisition-related intangible assets, net 3.85 4.01 3.77 3.09 1.78 1.98 2.01 2.33 2.04 2.20 1.42 1.79 1.92 2.14 2.27 2.64 2.63 2.89 3.72 3.94 4.18 4.65 2.85 3.35 3.69 4.05
Deferred tax assets 7.12 4.63 4.59 5.10 5.34 5.89 5.78 6.28 6.30 6.62 6.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Goodwill 32.96 32.49 28.93 24.02 19.36 20.21 19.35 21.18 20.06 20.43 17.30 20.44 20.68 21.43 21.06 22.92 21.44 22.19 27.05 25.72 25.92 27.39 20.87 23.19 24.25 25.17
Other assets 2.91 2.70 2.55 2.44 2.20 2.20 2.33 2.22 2.09 2.21 2.05 2.52 2.55 2.84 2.68 3.28 2.89 2.88 3.25 2.85 2.41 2.93 2.18 2.29 2.47 2.82
Noncurrent assets 62.36% 59.03% 53.36% 48.31% 42.06% 42.12% 41.34% 44.73% 43.33% 44.33% 39.59% 38.43% 38.98% 40.59% 39.88% 43.74% 41.09% 41.85% 50.34% 50.28% 51.05% 54.71% 44.92% 49.54% 50.49% 52.26%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-07-31), 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30).

The asset structure of the organization exhibits a significant shift in composition over the analyzed period, transitioning from a liquidity-heavy position to a greater concentration of noncurrent assets. While current assets initially trended upward, peaking at approximately 61.57% of total assets in October 2021, a marked reversal occurred starting in 2024, with current assets declining to 37.64% by July 2026.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents showed significant volatility, peaking at 21.69% in April 2022 before experiencing a steady decline to a low of 3.47% by April 2026. Marketable securities followed a more aggressive growth trajectory, increasing from 19.16% in early 2020 to a peak of 40.66% in January 2025. However, a sharp contraction occurred in the final year of the period, with marketable securities dropping to 17.29% by July 2026, suggesting a substantial reallocation of liquid capital.
Trade and other receivables remained relatively stable, generally fluctuating between 6% and 13% of total assets, indicating a consistent relationship between revenue recognition and asset growth.
Noncurrent Asset Evolution
Noncurrent assets grew from 52.26% in April 2020 to 62.36% by July 2026. This growth was primarily driven by a significant increase in goodwill, which rose from 25.17% at the start of the period to 32.96% by July 2026, signaling increased acquisition activity or valuation adjustments of acquired entities.
Property and equipment, net, exhibited a consistent downward trend, falling from 12.96% in 2020 to 7.10% in 2026. This suggests a decrease in the relative weight of physical infrastructure compared to the overall growth of the balance sheet.
Other Asset Components
Deferred tax assets emerged as a notable component of the balance sheet starting in January 2024, stabilizing between 4.59% and 7.12% of total assets. This indicates a shift in the company's tax positioning or the recognition of future tax benefits.
Operating lease right-of-use assets decreased from 4.29% in early 2020 to a low of 1.76% in January 2024, before rebounding to 4.29% by July 2026, reflecting fluctuations in leasing commitments.
Acquisition-related intangible assets, net, showed a general decline from 4.05% in 2020 to a low of 1.42% in January 2024, followed by an increase to 3.85% by July 2026, aligning with the trends observed in goodwill.

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