Workday Inc A · Q2 2025 earnings

Briefing

Announced fiscal 2025 second quarter financial results with total revenues of $2.085 billion, up 16.7% year over year, and subscription revenues of $1.903 billion, up 17.2% year over year.

Workday reported a solid second quarter with total revenues of $2.085 billion, a 16.7% increase year-over-year, and subscription revenues of $1.903 billion, a 17.2% increase year-over-year. The company's operating income was $111 million, and diluted net income per share was $0.49. Workday is updating its guidance for the fiscal 2025 full year, projecting subscription revenue between $7.700 billion to $7.725 billion, representing growth of approximately 17%.

• Total revenues were $2.085 billion, up 16.7% year-over-year.
• Subscription revenues were $1.903 billion, up 17.2% year-over-year.
• Operating income was $111 million, compared to $36 million in the same period last year.
• 12-month subscription revenue backlog was $6.80 billion, up 16.1% from the same period last year.

Headline financials

Revenue & EPS history

Workday is updating its guidance for the fiscal year ending January 31, 2025, projecting subscription revenue between $7.700 billion to $7.725 billion, representing growth of approximately 17%, and a non-GAAP operating margin of 25.25%. For the third quarter ending October 31, 2024, Workday projects subscription revenue of $1.955 billion, representing growth of 16%, and a non-GAAP operating margin of 25.25%.