NASDAQ$WDAY

Workday Inc A · Q3 2026 earnings

Q3 2026 earnings · · After market close · Investor relations

Briefing

Workday reported fiscal Q3 2026 total revenue of $2.31B with operating income of $277M and diluted EPS of $1.10.

Subscription revenue drove growth in the quarter ended October 31, 2025. The company continued AI platform investments and share repurchases while executing its fiscal 2026 restructuring plan to align cost structure with growth priorities.

  • Total revenue growth led by subscription services.
  • Operating income and margin reflect restructuring and AI investment.
  • Strong cash generation supports buybacks and M&A (e.g., Paradox, Sana Labs).
  • Management focuses on full-platform adoption and international expansion.

Headline financials

Total Revenue

$2.43B

Previous: $2.16B+12.6%
EPS (adj)

$2.17

Previous: $1.89+14.8%
Total subscription revenue backlog

$26B

No prior period
Operating cash flow

$588M

No prior period
Shares repurchased

3.4M

No prior period
Share repurchase cost

$803M

No prior period
12-month subscription revenue backlog

$8.21B

No prior period
Capital Expenditures

-$102M

Previous: -$47M-117.0%
Free Cash Flow

$150M

Previous: $146M+2.7%
Net Income

$252M

Previous: $193M+30.6%
Operating Income

$259M

Previous: $165M+57.0%
Gross Profit

$24M

Previous: $0.00
Cash & Equivalents

$2.61B

Previous: $1.31B+99.0%
Total Assets

$17.8B

Previous: $16.4B+8.1%

Revenue & EPS history

Workday · Revenue · Quarterly

$2.43B

Q3 2026+12.6%vs Q3 2025
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Workday · $2.54B total across 2 segments · Q1 2027

  • Subscription services
    $2.35B
  • Professional services
    $188M

Forward guidance

The release discusses Workday's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Management provided quantitative forward revenue or EBITDA/EPS ranges.
  • Workday cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2026

Historical avgQ3 2026

+0.5%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-1.7%

Avg return

30 days after

41%

22 / 54 earnings

Positive

+20.5%

Q4 2016

Best reaction

-15.3%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-4.6%-7.6%-12.9%
Q4 2026-0.2%+2.9%-4.6%
Q3 2026-3.0%-8.7%-5.6%
Q2 2026-2.8%+0.9%+2.7%
Q1 2026-12.4%-11.8%-12.5%
Q4 2025+6.2%-0.3%-6.6%
Q3 2025-5.3%-6.6%+0.6%
Q2 2025+11.3%+13.3%+6.3%
Q1 2025-15.0%-17.1%-15.7%
Q4 2024-3.5%-4.6%-10.5%
Q3 2024+11.7%+15.7%+17.1%
Q2 2024+2.9%+5.0%+0.3%
Q1 2024+10.1%+6.6%+13.3%
Q4 2023+1.3%+4.6%+8.3%
Q3 2023+15.6%+17.7%+15.5%
Q2 2023+3.8%+2.4%-5.7%
Q1 2023-3.5%-5.0%-7.6%
Q4 2022+6.7%+6.7%+7.3%
Q3 2022-4.8%-8.8%-9.0%
Q2 2022+9.4%+11.0%+9.1%
Q1 2022-3.1%-3.3%+2.7%
Q4 2021-6.7%-5.6%-5.0%
Q3 2021-6.4%-4.7%+8.0%
Q2 2021+14.2%+13.2%+1.0%
Q1 2021+8.4%+5.7%+11.4%
Q4 2020-1.2%-5.0%-22.3%
Q3 2020-3.8%-3.3%-2.6%
Q2 2020-4.3%-5.6%-9.0%
Q1 2020-3.6%-3.1%-2.1%
Q4 2019-4.2%-7.8%-2.3%
Q3 2019+12.5%+13.2%+9.4%
Q2 2019-8.0%-6.2%-9.6%
Q1 2019-4.2%-2.3%-8.1%
Q4 2018-0.9%+2.7%-0.5%
Q3 2018-10.2%-15.8%-11.3%
Q2 2018+5.1%+4.2%+0.9%
Q1 2018+4.4%+2.7%-3.0%
Q4 2017-7.5%-6.4%-5.7%
Q3 2017-15.3%-12.8%-21.6%
Q2 2017+6.7%+4.3%+12.0%
Q1 2017+1.8%+5.4%-1.8%
Q4 2016+20.5%
Q3 2016-0.7%
Q2 2016+7.6%
Q1 2016-11.0%
Q4 2015-4.7%
Q3 2015-6.1%
Q2 2015-5.4%
Q1 2015+7.3%
Q4 2014+16.9%
Q3 2014+11.5%
Q2 2014-1.6%
Q1 2014-3.4%
Q4 2013-3.2%
Q3 2013
Q2 2012
Q1 2012
Q4 2011
Q3 2011

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