Workday (WDAY) 10-K Summary — Year Ended Jan 31, 2024
Workday reported strong revenue growth and profitability for its most recent fiscal year. The company maintained a healthy liquidity position with ample cash and investments.
Key takeaway
Year ended Jan 31, 2024 · FY2026 10-K
Workday reported strong revenue growth and profitability for its most recent fiscal year. The company maintained a healthy liquidity position with ample cash and investments.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.3B
Revenue reported for the fiscal year.
Operating income
$183M
Income from operations reported for the year.
Net income
$1.4B
Net income reported for the year.
Operating cash flow
$2.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 31, 2022 | $5.1B | n/a |
| Jan 31, 2023 | $6.2B | +21.0% |
| Jan 31, 2024 | $7.3B | +16.8% |
Business overview
Workday provides cloud-based subscription services to customers. The company generates revenue primarily from customer payments for these subscriptions.
Financial performance
Revenue increased compared to the prior year, though the growth rate moderated. Operating income and net income were positive, and operating cash flow was robust.
Material risks
Material risks include potential impacts from macroeconomic conditions, customer retention rates, and the company's investment and acquisition activities. These factors could affect future capital needs and financial performance.
Liquidity and capital
The company’s liquidity is supported by a large cash and marketable securities balance and a credit facility. Management believes these resources are sufficient to meet short-term and long-term obligations.
What to watch
Investors should monitor the trend in revenue growth rate in the next filing.