Stock Analysis on Net
Stock Analysis on Net

Workday Inc. (NASDAQ:WDAY)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Workday Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Accounts payable
Accrued expenses and other current liabilities
Accrued compensation
Unearned revenue, current
Operating lease liabilities, current
Debt, current
Current liabilities
Debt, noncurrent
Unearned revenue, noncurrent
Operating lease liabilities, noncurrent
Other liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, $0.001 par value; no shares issued or outstanding
Class A common stock, $0.001 par value
Class B common stock, $0.001 par value
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive income (loss)
Accumulated deficit
Stockholders’ equity
Total liabilities and stockholders’ equity

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

The annual financial data reveals several notable trends in the company's liabilities, equity, and overall financial position over the six-year period.

Current Liabilities
Current liabilities experienced an overall upward trend, increasing from $2,969 million in 2020 to $5,548 million in 2025. This growth is driven primarily by significant increases in accrued expenses and other current liabilities, which grew from $130 million to $296 million, and unearned revenue (current), rising steadily from $2,223 million to $4,467 million. Accounts payable fluctuated with a peak in 2023 at $154 million before settling at $108 million in 2025. Operating lease liabilities (current) showed minor fluctuations but a general increase from $66 million in 2020 to $99 million in 2025. Notably, current debt was high in 2021 and 2022 but disappeared from the reporting in later years.
Noncurrent Liabilities
Noncurrent liabilities saw a substantial increase, particularly from 2022 onwards, surging from $896 million in 2022 to $3,395 million by 2025. This rise is mostly attributable to a pronounced jump in noncurrent debt, which climbed from $617 million in 2022 to nearly $3,000 million in subsequent years. Operating lease liabilities (noncurrent) showed variability but increased overall from $241 million to $279 million. Other liabilities grew modestly from $15 million to $52 million. Unearned revenue (noncurrent) remained relatively stable with minor fluctuations around the $70-$80 million range.
Total Liabilities
Total liabilities followed a strong upward trajectory, almost doubling from $4,330 million in 2020 to $8,943 million in 2025. This increase aligns with the growth seen in both current and noncurrent liabilities, reflecting higher obligations associated with debt, accrued expenses, and deferred revenue.
Stockholders’ Equity
Stockholders’ equity displayed consistent growth over the period, increasing from $2,487 million in 2020 to $9,034 million in 2025. This rise primarily results from increasing additional paid-in capital, which nearly doubled from $5,090 million to $11,463 million. Treasury stock showed a marked increase in cost, moving from no reported value in 2020 to $1,308 million in 2025, indicating significant share repurchase activity. Accumulated deficit improved notably, decreasing from -$2,627 million in 2020 to -$1,205 million in 2025, which may reflect improved earnings or other corrective equity transactions. Accumulated other comprehensive income fluctuated but trended upward to $84 million by 2025.
Total Liabilities and Stockholders’ Equity
The combined total liabilities and stockholders’ equity figures show a steady increase in the company's scale and financial footprint from $6,816 million in 2020 to $17,977 million in 2025, indicating significant growth in the company’s balance sheet size.

Overall, the data indicates accelerated growth in liabilities, particularly noncurrent debt starting 2023, alongside a strengthening equity base due to capital raises and reduced accumulated deficits. Increased unearned revenue signals expanding deferred income streams. The increase in treasury stock suggests active capital management. These trends may imply the company is leveraging debt extensively for growth while strengthening its equity and managing obligations through increasing deferred revenues.