Workday (WDAY) 10-K Summary — Year Ended Jan 31, 2026
Workday's annual filing shows revenue growth and positive operating income. The company's liquidity position is strong, but risks related to macroeconomic trends and subscription renewals are noted.
Key takeaway
Year ended Jan 31, 2026 · FY2026 10-K
Workday's annual filing shows revenue growth and positive operating income. The company's liquidity position is strong, but risks related to macroeconomic trends and subscription renewals are noted.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$9.6B
Revenue reported for the fiscal year.
Operating income
$721M
Income from operations reported for the year.
Net income
$693M
Net income reported for the year.
Operating cash flow
$2.9B
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, 2023 | $6.2B | +21.0% |
| Jan 31, 2024 | $7.3B | +16.8% |
| Jan 31, 2025 | $8.4B | +16.4% |
| Jan 31, 2026 | $9.6B | +13.1% |
Business overview
The filing's business overview section only lists item numbers without substantive content. Therefore, no business description is available from the supplied context.
Financial performance
Revenue grew over the years shown, with operating income and net income both positive. Operating cash flow was substantial and exceeded net income.
Material risks
The filing mentions that future capital requirements depend on factors such as macroeconomic trends, customer growth rates, subscription renewal activity, and headcount growth. These factors represent potential risks to the company's financial condition.
Liquidity and capital
The company's primary liquidity sources are cash, equivalents, and marketable securities, along with a credit facility. Management believes these are sufficient to meet working capital and other needs for the next twelve months.
What to watch
Monitor subscription renewal activity, as it is a key factor affecting future capital requirements.