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Workday

WDAY Q4 2026 Earnings

Reported Feb 24, 2026 at 4:02 PM ET · SEC Source

Q4 26 EPS

$2.47

BEAT +6.47%

Est. $2.32

Q4 26 Revenue

$2.53B

BEAT +0.35%

Est. $2.52B

vs S&P Since Q4 26

+3.4%

BEATING MARKET

WDAY +7.3% vs S&P +4.0%

Full Year 2026 Results

FY 26 EPS

$9.23

BEAT +1.31%

Est. $9.11

FY 26 Revenue

$9.55B

BEAT +0.09%

Est. $9.54B

Market Reaction

Did WDAY Beat Earnings? Q4 2026 Results

Workday closed fiscal Q4 2026 on a strong note, delivering non-GAAP diluted EPS of $2.47 against a consensus estimate of $2.32, a 6.47% beat, while total revenues of $2.53 billion edged past expectations by 0.35% and grew 14.5% year-over-year. The qu… Read more Workday closed fiscal Q4 2026 on a strong note, delivering non-GAAP diluted EPS of $2.47 against a consensus estimate of $2.32, a 6.47% beat, while total revenues of $2.53 billion edged past expectations by 0.35% and grew 14.5% year-over-year. The quarter's standout driver was meaningful margin expansion, with non-GAAP operating margin climbing to 30.6% from 26.4% a year earlier, even as the company absorbed $130 million in restructuring charges that have weighed on results throughout the year. Subscription revenues of $2.36 billion grew 15.7%, and a 12-month backlog of $8.83 billion, up 15.8%, points to durable demand ahead. The headline story off the earnings call, however, was co-founder Aneel Bhusri's return as CEO and a sharpened strategic focus on agentic AI, an area where some analysts have raised questions about long-term competitive moat certainty. Looking forward, Workday guided fiscal 2027 subscription revenues to approximately $9.93 billion to $9.95 billion, representing 12% to 13% growth, with non-GAAP operating margin held near 30%.

Key Takeaways

  • • Subscription revenue growth of 15.7% year-over-year in Q4
  • • Non-GAAP operating margin expansion to 30.6% from 26.4% year-over-year in Q4
  • • Operating cash flow growth of 19.4% year-over-year for full year
  • • 12-month subscription revenue backlog growth of 15.8% year-over-year
  • • Total subscription revenue backlog of $28.101 billion, up 12.2% year-over-year
  • • Customer base exceeding 11,500 organizations globally

WDAY Forward Guidance & Outlook

For fiscal Q1 2027 (ending April 30, 2026), Workday expects subscription revenues of approximately $2.335 billion, representing 13% growth, with non-GAAP operating margin of 30.5%. For the full fiscal year 2027 (ending January 31, 2027), the company expects subscription revenues of approximately $9.925 billion to $9.950 billion, representing 12% to 13% growth, with non-GAAP operating margin of approximately 30.0%. The company is prioritizing investment in its agentic AI roadmap to capture a larger market opportunity.

24/7 Wall St

WDAY YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

WDAY Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“We built Workday to bring innovation back to the worlds of HR and finance, and AI gives us the chance to do it all again. We operate at the heart of the global enterprise, where trust and accuracy matter most. That gives Workday a unique opportunity to bring AI directly into the HR and finance workflows our customers rely on every day and to deliver real, measurable value.”

— Aneel Bhusri, Q4 2026 Earnings Press Release

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