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.
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Debt to Equity since 2013
- Total Asset Turnover since 2013
- Price to Earnings (P/E) since 2013
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Workday Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 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), 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).
- Revenue and Gross Profit Trends
- Revenues demonstrate a consistent upward trajectory from US$825 million in April 2019 to US$2,348 million by April 2025, reflecting steady business expansion. Subscription services revenues are the primary contributor to this growth, increasing from US$701 million to US$2,169 million over the same period. Professional services revenues show more variability, with periods of both growth and decline, trending overall slightly upward from US$124 million to US$179 million. Gross profit aligns with revenue growth, rising from US$582 million to US$1,766 million, indicating improved profitability driven by expanding sales volume despite cost pressures.
- Cost of Revenues and Margins
- Costs of subscription services and professional services increased over time but at a slower pace than their respective revenues, suggesting some operational leverage. Costs of subscription services rose from US$112 million to US$370 million, while costs of professional services fluctuated, rising initially but displaying some declines in later periods. Total costs of revenues grew from US$243 million to US$582 million, maintaining a relatively stable ratio to revenues, which supports the observed margin improvement reflected in gross profit growth.
- Operating Expenses Pattern
- Operating expenses, including product development, sales and marketing, and general and administrative expenses, show significant increases across the timeline. Product development costs increased from US$348 million to over US$660 million, indicating continued investment in innovation and enhancement. Sales and marketing expenses also grew substantially, from US$273 million to over US$640 million, suggesting efforts to support business growth and market penetration. General and administrative costs rose steadily, from US$84 million up to nearly US$220 million, reflecting scaling organizational infrastructure. These expense increases partially offset gross profit gains but appear justified by growth ambitions.
- Operating Income Volatility
- Operating income fluctuates considerably, with multiple quarters showing losses, especially in the earlier periods, such as losses of -US$123 million in April 2019 and -US$146 million in January 2020. Despite these fluctuations, a gradual recovery is observable, culminating in positive operating income figures, reaching US$248 million by January 2024 and maintaining a generally upward trend thereafter. This improvement indicates enhanced operational efficiency or cost management relative to revenue growth.
- Other Income (Expense), Net
- Other income and expense items exhibit some variability, with values generally small but occasional spikes, such as a notable US$103 million in July 2021. These fluctuations create episodic impacts on pre-tax income but do not show a clear trend, implying non-recurring or irregular items influencing this line.
- Pre-Tax and Net Income Analysis
- Income before taxes follows a path similar to operating income, characterized by large negative values and losses in early periods with gradual improvement and eventual positive outcomes later. Noteworthy is the exceptional net income of US$1,188 million in January 2024, an anomaly compared to adjacent periods, likely driven by significant tax benefits or other unusual items. Excluding this spike, net income generally improves steadily from losses of around -US$116 million to positive values exceeding US$200 million in later periods, indicating successful transition to profitability. Tax provision amounts are inconsistent but occasionally demonstrate sizable negative values, potentially reflecting benefits influencing net earnings.
- Restructuring Charges
- Restructuring expenses appear sporadically in the later quarters, with significant charges such as -US$75 million and -US$166 million noted. These outlays likely relate to organizational changes or cost-saving initiatives that may impact short-term profitability but could support longer-term operational efficiency.