Income StatementBalance SheetCash FlowSegments
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Workday, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Workday, Inc. generated $2.9B in operating cash flow over the trailing twelve months. After $162.0M in capital expenditures, free cash flow was $2.8B. Free cash flow increased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.9BNet Cash From Investing (TTM)$450.0MNet Cash From Financing (TTM)-$3.3BCapital Expenditures (TTM)$162.0MDepreciation And Amortization Cf (TTM)$347.0MNet Change In Cash (TTM)-$45.0M
Latest FilingQ1 2026
Report Date2026-03-06
Market Cap$32.2B
P/E Ratio46.44
ROE8.23%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from non-marketable securities$0.0—$4.8M$4.8M$4.8M$4.8M
Acquisitions, net of cash acquired$302.0M$1.0M$0.0$0.0$974.0M$1.1B
Capital expenditures$47.0M$86.0M$36.0M$28.0M$38.0M$60.0M
Payments to Acquire Intangible Assets$2.0M$1.0M$0.0$0.0$0.0$0.0
Payments to Acquire Other Investments$3.0M$12.0M$4.0M$11.0M$2.0M$4.0M
Sales of marketable securities$48.0M$157.0M$140.0M$125.0M$2.4B$284.0M
Proceeds from other investments$0.0—$4.8M$4.8M$4.8M$4.8M
Net cash from investing activities-$450.0M-$727.0M-$523.0M$13.0M$1.7B—
Purchases of intangible assets$2.0M$1.0M$0.0$0.0$0.0$0.0
Purchases of investments$3.0M$12.0M$4.0M$11.0M$2.0M$4.0M
Payments for Deposits$2.0M$1.0M$0.0$0.0$0.0$0.0

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Other non-cash income (expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Amortization of deferred commissions$64.0M$66.0M$68.0M$72.0M$75.0M$77.0M
Amortization of Investment Discount and Premium$28.0M$23.0M$20.0M$18.0M$14.0M$9.0M
Accretion (amortization) of discounts and premiums on investments$28.0M$23.0M$20.0M$18.0M$14.0M$9.0M
Other non-cash income (expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Change in accounts payable-$15.0M$28.0M-$4.0M$4.0M-$7.0M$13.0M
Change in accounts receivable$114.0M$551.0M-$601.0M$264.0M$126.0M$571.0M
Change in accrued liabilities-$12.0M—-$131.0M$32.0M-$25.0M—
Change in deferred revenue-$110.0M$1.0B-$670.0M$41.0M-$30.0M$1.1B
Change in other assets-$33.0M—$38.0M-$53.0M-$27.0M$56.0M
Other working capital changes$8.0M-$16.0M-$47.0M$0.0-$5.0M—
Change in Deferred Charges$73.0M$160.0M$53.0M$99.0M$95.0M$157.0M
Deferred income taxes$8.3M$8.3M$54.5M$54.5M$54.5M$54.5M
Depreciation and amortization$81.0M$91.0M$84.0M$81.0M$85.0M$97.0M
Net gains (losses) on investments$4.0M-$10.0M-$1.0M-$1.0M$26.0M$63.0M
Accretion (Amortization) of Investment Discounts and Premiums$28.0M$23.0M$20.0M$18.0M$14.0M$9.0M
Amortization of Contract Acquisition Assets$64.0M$66.0M$68.0M$72.0M$75.0M$77.0M
Other Non-Cash Income (Expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Other Non-cash Income (Expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Other Non-cash Income (Expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Net cash from operating activities$406.0M$1.1B$457.0M$616.0M$588.0M$1.3B
Net income$193.0M$94.0M$68.0M$228.0M$252.0M$145.0M
Other non-cash income (expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Accretion (Amortization) of Discounts and Premiums, Investments$28.0M$23.0M$20.0M$18.0M$14.0M$9.0M
Asset write-downs$4.8M$4.8M$29.3M$29.3M$29.3M$29.3M
Amortization of costs capitalized to obtain revenue contracts, net$64.0M$66.0M$68.0M$72.0M$75.0M$77.0M
Deferred income taxes$5.0M—$18.0M$66.0M$61.0M—
Gain (Loss) on Investments$4.0M-$10.0M-$1.0M-$1.0M$26.0M$63.0M
Accounts payable-$15.0M$28.0M-$4.0M$4.0M-$7.0M$13.0M
Increase (Decrease) in Deferred Charges$73.0M$160.0M$53.0M$99.0M$95.0M$157.0M
Increase (Decrease) in Prepaid Expense and Other Assets-$33.0M—$38.0M-$53.0M-$27.0M$56.0M
Non-cash lease expense$26.0M$27.0M$27.0M$27.0M$30.0M$32.0M
Depreciation and amortization$81.0M$91.0M$84.0M$81.0M$85.0M$97.0M
Other Noncash Income (Expense)$8.0M$3.0M-$47.0M$0.0-$5.0M—
Other Non-cash Income and Expense$8.0M$3.0M-$47.0M$0.0-$5.0M—
Other Non-Cash Adjustments$8.0M$3.0M-$47.0M$0.0-$5.0M—
Other Non-Cash Income and Expense$8.0M$3.0M-$47.0M$0.0-$5.0M—
Accretion (Amortization) of Investment Discounts and Premiums$28.0M$23.0M$20.0M$18.0M$14.0M$9.0M
Stock-based compensation$368.0M$396.0M$459.0M$392.0M$376.0M$399.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$66.0M—$8.0M$10.0M$17.0M$29.0M
Income taxes paid$13.0M$17.0M$10.0M$48.0M$14.0M—
Interest paid$55.0M$0.0$55.0M$0.0$55.0M$0.0
Capital expenditures incurred but not yet paid$66.0M—$8.0M$10.0M$17.0M$29.0M
Capital Expenditures Incurred but Not Yet Paid$66.0M—$8.0M$10.0M$17.0M$29.0M
Income Taxes Paid, Net$13.0M$17.0M$10.0M$48.0M$14.0M—

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from exercises of stock options and other stock issuances$0.0$80.0M$48.0M$48.0M$48.0M$48.0M
Net cash from financing activities-$282.0M-$154.0M-$501.0M-$349.0M-$925.0M-$1.5B
Proceeds from issuance of common stock$0.0$80.0M$48.0M$48.0M$48.0M$48.0M
Repurchases of common stock$158.0M$102.0M$290.0M$299.0M$802.0M$1.5B
Taxes paid for net share settlement$124.0M$132.0M$211.0M$161.0M$123.0M$121.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$359.0M$1.0B$421.0M$588.0M$550.0M$1.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash$0.0$0.0$1.0M$1.0M-$1.0M$1.0M
Net increase (decrease) in cash-$326.0M—-$566.0M$281.0M$1.3B-$1.1B
Accrued payables for capital expenditures$66.0M—$8.0M$10.0M$17.0M$29.0M
Taxes related to net share settlement of equity awards, accrued but not paid$13.0M—$25.0M-$10.0M-$1.0M—