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:	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
Subscription services	2,471)	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	178)	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	2,649)	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	(436)	(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	(216)	(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	(652)	(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	1,997)	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	(747)	(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	(706)	(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	(231)	(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)	313)	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	14)	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	327)	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	305)	(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)	632)	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 exhibits a consistent and strong upward trajectory, growing from 1,018 million US dollars in April 2020 to 2,649 million US dollars by July 2026. This growth is primarily driven by subscription services, which scaled from 882 million US dollars to 2,471 million US dollars over the analyzed period. In contrast, professional services revenue remained relatively stagnant, showing modest growth from 136 million US dollars to 178 million US dollars, indicating a strategic shift toward a subscription-heavy revenue model.

Gross Profitability and Margin Expansion: Gross profit increased steadily from 713 million US dollars to 1,997 million US dollars. While the costs of subscription services rose in absolute terms, the rate of revenue growth outpaced the growth of these costs, resulting in an expansion of the gross profit margin. Costs of professional services showed less volatility but generally trended upward, reflecting the scaling of delivery operations.
Operating Expense Trends: Operating expenses increased across all primary categories. Product development spending grew from 443 million US dollars to 747 million US dollars, reflecting continuous investment in platform capabilities. Sales and marketing expenses nearly doubled, rising from 319 million US dollars to 706 million US dollars to support market acquisition. General and administrative costs also trended higher, increasing from 95 million US dollars to 231 million US dollars.
Operating Income Transition: A significant transition in operational efficiency is observed. The company experienced consistent operating losses or marginal gains between April 2020 and early 2023. However, a pivot to sustained profitability occurred starting in late 2023. Operating income reached 313 million US dollars by July 2026, despite the emergence of substantial restructuring charges in the 2025 and 2026 periods, which peaked at 166 million US dollars in April 2025.
Net Income Volatility and Anomalies: Net income shows high volatility due to non-operational factors. A notable anomaly occurred in January 2024, where net income spiked to 1,188 million US dollars, driven by a one-time tax benefit of 1,050 million US dollars. Excluding this event, the net income trend mirrors the operating income, shifting from periodic losses to consistent quarterly profits, reaching 632 million US dollars in the final reported quarter.
Restructuring Impact: Beginning in April 2024, restructuring costs became a recurring factor. Significant outflows were recorded in January 2025 (75 million US dollars), April 2025 (166 million US dollars), and January 2026 (131 million US dollars). These costs exerted downward pressure on operating income during these specific quarters but did not reverse the overall trend toward profitability.

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Workday Inc. (NASDAQ:WDAY)

Income StatementQuarterly Data

Income Statement
Quarterly Data