Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Workday Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	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
Subscription services	2,354)	2,361)	2,244)	2,169)	2,059)	2,041)	1,959)	1,903)	1,815)	1,760)	1,691)	1,624)	1,528)	1,495)	1,432)	1,367)	1,272)	1,229)	1,172)	1,113)	1,032)	1,006)	969)	932)	882)
Professional services	188)	171)	188)	179)	181)	170)	201)	182)	175)	162)	175)	163)	156)	151)	167)	168)	163)	147)	156)	147)	143)	125)	137)	130)	136)
Revenues	2,542)	2,532)	2,432)	2,348)	2,240)	2,211)	2,160)	2,085)	1,990)	1,922)	1,866)	1,787)	1,684)	1,646)	1,599)	1,536)	1,435)	1,376)	1,327)	1,260)	1,175)	1,132)	1,106)	1,062)	1,018)
Costs of subscription services	(412)	(416)	(395)	(370)	(350)	(343)	(329)	(304)	(290)	(272)	(264)	(256)	(239)	(274)	(259)	(245)	(233)	(220)	(201)	(193)	(182)	(169)	(152)	(145)	(145)
Costs of professional services	(192)	(195)	(196)	(212)	(187)	(196)	(201)	(207)	(199)	(188)	(181)	(192)	(178)	(179)	(176)	(178)	(170)	(170)	(159)	(153)	(151)	(144)	(143)	(139)	(160)
Costs of revenues	(604)	(611)	(591)	(582)	(537)	(539)	(530)	(511)	(489)	(460)	(445)	(448)	(417)	(453)	(436)	(423)	(403)	(390)	(360)	(346)	(333)	(313)	(295)	(284)	(306)
Gross profit	1,938)	1,921)	1,841)	1,766)	1,703)	1,672)	1,630)	1,574)	1,501)	1,462)	1,420)	1,339)	1,267)	1,193)	1,163)	1,113)	1,032)	986)	968)	915)	842)	819)	811)	778)	713)
Product development	(705)	(690)	(666)	(660)	(663)	(674)	(647)	(649)	(656)	(635)	(619)	(610)	(600)	(616)	(566)	(548)	(542)	(538)	(456)	(444)	(442)	(439)	(420)	(419)	(443)
Sales and marketing	(679)	(675)	(677)	(641)	(623)	(628)	(620)	(611)	(573)	(558)	(538)	(524)	(519)	(490)	(470)	(459)	(429)	(411)	(366)	(358)	(326)	(335)	(303)	(276)	(319)
General and administrative	(216)	(250)	(234)	(216)	(212)	(220)	(198)	(202)	(200)	(190)	(176)	(169)	(168)	(176)	(154)	(140)	(134)	(139)	(122)	(114)	(112)	(118)	(102)	(99)	(95)
Restructuring	—)	(131)	(5)	(1)	(166)	(75)	—)	(1)	(8)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Operating income (loss)	338)	175)	259)	248)	39)	75)	165)	111)	64)	79)	88)	36)	(20)	(89)	(26)	(34)	(73)	(101)	24)	(1)	(38)	(73)	(14)	(17)	(144)
Other income (expense), net	17)	89)	79)	56)	64)	45)	62)	57)	59)	59)	41)	46)	27)	11)	4)	(33)	(20)	17)	22)	103)	(9)	5)	(9)	(11)	(11)
Income (loss) before (provision for) benefit from income taxes	355)	264)	338)	304)	103)	120)	227)	168)	123)	138)	129)	82)	7)	(78)	(22)	(67)	(93)	(84)	46)	102)	(47)	(69)	(23)	(28)	(155)
(Provision for) benefit from income taxes	(133)	(119)	(86)	(76)	(35)	(26)	(34)	(36)	(16)	1,050)	(16)	(3)	(7)	(48)	(53)	3)	(9)	11)	(2)	4)	1)	(3)	(1)	—)	(3)
Net income (loss)	222)	145)	252)	228)	68)	94)	193)	132)	107)	1,188)	114)	79)	—)	(126)	(75)	(64)	(102)	(73)	43)	106)	(47)	(72)	(24)	(28)	(158)

Revenue trajectories exhibit consistent growth, driven primarily by a steady increase in subscription services. Total revenues expanded from 1,018 million USD in April 2020 to 2,542 million USD by April 2026. This growth is characterized by a strong reliance on subscription-based income, which grew from 882 million USD to 2,354 million USD over the analyzed period, while professional services remained relatively stagnant, fluctuating between 125 million USD and 201 million USD.

Gross Profitability and Margin Expansion: Gross profit demonstrates a positive upward trend, increasing from 713 million USD in April 2020 to 1,938 million USD in April 2026. While costs of revenues rose in absolute terms, they did not scale at the same rate as total revenues, resulting in an expansion of the gross margin. This suggests improved operational efficiency in delivering subscription services.
Operating Expense Trends: Operating expenses increased across all primary categories to support scaling. Product development costs grew from 443 million USD to 705 million USD, and sales and marketing expenses rose from 319 million USD to 679 million USD. General and administrative expenses also saw a significant increase, moving from 95 million USD to 216 million USD by the end of the period.
Operating Income Transition: A structural shift in profitability is observable. The company operated primarily at a loss between April 2020 and January 2023. A transition to consistent operating profitability began around July 2023, culminating in an operating income of 338 million USD by April 2026. This pivot indicates that the company reached a critical scale where gross profits sufficiently covered operating overhead.
Impact of Non-Recurring Items: Financial results were significantly impacted by non-operational events. A substantial spike in net income occurred in January 2024, reaching 1,188 million USD, which is directly attributable to a one-time tax benefit of 1,050 million USD. Additionally, restructuring charges became a recurring factor starting in April 2024, with significant expenses noted in January 2025 (166 million USD) and January 2026 (131 million USD), suggesting a period of strategic organizational realignment.
Net Income Stability: Excluding the anomalous tax benefit in early 2024, net income shows a trend of emerging stability. After years of losses, the most recent quarters indicate a transition to sustainable positive net income, ending the period at 222 million USD in April 2026.

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Workday Inc. (NASDAQ:WDAY)

Income StatementQuarterly Data

Income Statement
Quarterly Data