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
Based on: 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), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
- Subscription Services Revenue
- The subscription services revenue shows a consistent upward trend throughout the periods analyzed, increasing steadily from $701 million in April 2019 to $2,059 million by April 2025. This steady growth reflects a strong demand and possibly an expanding customer base for subscription services.
- Professional Services Revenue
- Professional services revenue exhibits more fluctuations, starting at $124 million in April 2019 and showing moderate variations over time. While there were some declines and recoveries, the overall trend indicates modest growth reaching $181 million in April 2025, suggesting a relatively stable but slower-growing segment compared to subscription services.
- Total Revenues
- Total revenues display a robust upward trend, driven primarily by the growth in subscription services. Revenues increased from $825 million in April 2019 to $2,240 million by April 2025, indicating successful scaling of business operations and market expansion.
- Costs of Subscription Services
- The costs associated with subscription services also increased over time, rising from $112 million in April 2019 to $350 million in April 2025. This growth in costs is expected given the rising revenues, but the ratio of costs to revenues appears to be managed, implying ongoing efforts to control expenses in this segment.
- Costs of Professional Services
- Costs related to professional services fluctuated without a clear upward or downward trend, starting at $131 million in April 2019 and ending at $187 million in April 2025. Costs appear relatively stable despite some variations, reflecting a potentially controlled cost environment within this segment.
- Total Cost of Revenues
- Total costs of revenues increased, moving from $243 million in April 2019 to $537 million by April 2025. The increase aligns with revenue growth, but the increasing costs highlight the importance of maintaining efficiency to sustain profitability.
- Gross Profit
- Gross profit steadily improved from $582 million in April 2019 to $1,703 million in April 2025. This growth is consistent with the increase in revenues and managed cost of revenues, indicating an improving gross margin over the analyzed periods.
- Operating Expenses
- Operating expenses across product development, sales and marketing, and general and administrative categories increased significantly over time:
- Product Development
- Expenses rose from $348 million in April 2019 to $663 million in April 2025, reflecting substantial investment into innovation and product enhancement.
- Sales and Marketing
- Costs increased from $273 million in April 2019 to $623 million in April 2025, indicating ongoing efforts to drive market penetration and customer acquisition.
- General and Administrative
- Spending increased moderately from $84 million in April 2019 to $212 million in April 2025, consistent with scaling organizational support functions.
- Restructuring
- Restructuring costs appear in later periods with a significant increase, including peaks at $-76 million and $-166 million in the more recent quarters, suggesting strategic organizational changes or cost optimization initiatives.
- Operating Income (Loss)
- Operating income shows considerable volatility. Initially negative, it improves modestly in some periods and reaches positive values, peaking at $165 million in January 2025 before a decline in subsequent quarters. The fluctuations imply challenges in balancing growth investments with profitability.
- Other Income (Expense), Net
- Other income and expenses generally fluctuate but show positive spikes in specific periods, such as $103 million in July 2021, supporting overall income variability. These irregular gains or losses may stem from non-operational activities or financial adjustments.
- Income Before Taxes
- Income before taxes shows improvement over time, shifting from consistent losses in earlier periods to positive figures in later quarters, peaking at $227 million in January 2025, correlating with improving operating performance and other income contributions.
- Provision for Income Taxes
- Tax provisions exhibit variability, including notable positive and negative values, indicating fluctuations in tax expense or benefits. An unusual tax benefit of $1,050 million is reported in January 2024, which significantly impacts net income for that period.
- Net Income (Loss)
- Net income remains negative or marginally positive in early periods, but experiences a dramatic spike in January 2024 with $1,188 million, likely influenced by the tax benefit. Excluding this anomaly, net income shows a gradual positive trend, reaching $68 million by April 2025. This suggests improving profitability despite earlier operational challenges.