Income StatementBalance SheetCash FlowSegments
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Workday, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Workday, Inc. generated $3.2B in operating cash flow over the trailing twelve months. After $206.0M in capital expenditures, free cash flow was $3.0B. Free cash flow increased 0.3% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$3.2BNet Cash From Investing (TTM)-$2.0BNet Cash From Financing (TTM)-$4.6BCapital Expenditures (TTM)$206.0MDepreciation And Amortization Cf (TTM)$355.0MNet Change In Cash (TTM)-$253.0M
Latest FilingQ2 2026
Report Date2026-05-22
Market Cap$36.1B
P/E Ratio42.63
ROE10.86%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from non-marketable securities—$0.0$0.0$5.0M$14.0M$41.0M
Capital expenditures$86.0M$36.0M$28.0M$38.0M$60.0M$80.0M
Payment for (Proceeds from) Other Investing Activity$0.0$0.0———-$9.0M
Payments to Acquire Other Investments$12.0M$4.0M$11.0M$2.0M$4.0M$0.0
Sales of marketable securities$158.0M$140.0M$125.0M$2.4B$284.0M$96.0M
Proceeds from other investments—$0.0$0.0$5.0M$14.0M$41.0M
Net cash from investing activities-$727.0M-$523.0M—$1.7B—$97.0M
Other investing activities$0.0$0.0———-$9.0M
Purchases of investments$12.0M$4.0M$11.0M$2.0M$4.0M$0.0

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Amortization of deferred commissions$66.0M$68.0M$72.0M$75.0M$77.0M$79.0M
Amortization of Investment Discount and Premium$23.0M$20.0M$18.0M$14.0M$9.0M$9.0M
Accretion (amortization) of discounts and premiums on investments$23.0M$20.0M$18.0M$14.0M$9.0M$9.0M
Other non-cash income (expense)$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Change in accounts payable$28.0M-$4.0M$4.0M-$7.0M$13.0M-$1.0M
Change in accounts receivable$551.0M-$601.0M——$571.0M-$747.0M
Change in accrued liabilities—-$131.0M—-$25.0M—-$200.0M
Change in deferred revenue$1.0B-$670.0M$41.0M-$30.0M$1.1B-$685.0M
Change in other assets—$38.0M-$53.0M-$27.0M$56.0M$31.0M
Other working capital changes$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Change in Deferred Charges$159.0M$53.0M$99.0M$95.0M$157.0M$65.0M
Deferred income taxes$8.3M$18.0M———$93.0M
Depreciation and amortization$91.0M$84.0M$81.0M$85.0M$97.0M$92.0M
Net gains (losses) on investments-$10.0M-$1.0M-$1.0M$26.0M$63.0M-$8.0M
Impairment charges$4.8M$34.0M———$0.0
Accretion (Amortization) of Investment Discounts and Premiums$23.0M$20.0M$18.0M$14.0M$9.0M$9.0M
Amortization of Contract Acquisition Assets$66.0M$68.0M$72.0M$75.0M$77.0M$79.0M
Other Non-Cash Income (Expense)$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Other Non-cash Income (Expense)$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Other Non-cash Income (Expense)$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Net cash from operating activities$1.1B$457.0M$616.0M$588.0M$1.3B$696.0M
Net income$94.0M$68.0M$228.0M$252.0M$145.0M$222.0M
Other non-cash income (expense)$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Accretion (Amortization) of Discounts and Premiums, Investments$23.0M$20.0M$18.0M$14.0M$9.0M$9.0M
Asset write-downs$4.8M$34.0M———$0.0
Amortization of costs capitalized to obtain revenue contracts, net$66.0M$68.0M$72.0M$75.0M$77.0M$79.0M
Gain (Loss) on Investments-$10.0M-$1.0M-$1.0M$26.0M$63.0M-$8.0M
Accounts payable$28.0M-$4.0M$4.0M-$7.0M$13.0M-$1.0M
Increase (Decrease) in Deferred Charges$159.0M$53.0M$99.0M$95.0M$157.0M$65.0M
Increase (Decrease) in Prepaid Expense and Other Assets—$38.0M-$53.0M-$27.0M$56.0M$31.0M
Non-cash lease expense$26.0M$27.0M$27.0M$30.0M$32.0M$32.0M
Depreciation and amortization$91.0M$84.0M$81.0M$85.0M$97.0M$92.0M
Other Noncash Income (Expense)$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Other Non-cash Income and Expense$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Other Non-Cash Adjustments$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Other Non-Cash Income and Expense$5.0M-$13.0M-$34.0M-$5.0M—-$5.0M
Accretion (Amortization) of Investment Discounts and Premiums$23.0M$20.0M$18.0M$14.0M$9.0M$9.0M
Stock-based compensation$397.0M$459.0M$392.0M$376.0M$399.0M$409.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid—$8.0M$10.0M$17.0M$29.0M$62.0M
Income taxes paid$17.0M$10.0M$48.0M$14.0M—$15.0M
Interest paid$0.0$55.0M—$55.0M—$52.0M
Capital expenditures incurred but not yet paid—$8.0M$10.0M$17.0M$29.0M$62.0M
Capital Expenditures Incurred but Not Yet Paid—$8.0M$10.0M$17.0M$29.0M$62.0M
Income Taxes Paid, Net$17.0M$10.0M$48.0M$14.0M—$15.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$1.0B$421.0M$588.0M$550.0M$1.2B$616.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash$0.0$1.0M$1.0M—$1.0M-$1.0M
Net increase (decrease) in cash—-$566.0M—$1.3B-$1.1B-$941.0M
Accrued payables for capital expenditures—$8.0M$10.0M$17.0M$29.0M$62.0M
Taxes related to net share settlement of equity awards, accrued but not paid—$25.0M———$16.0M
Repurchases of common stock, including excise tax, accrued but not paid—$3.0M———$44.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net cash from financing activities-$154.0M-$501.0M-$349.0M-$925.0M-$1.5B-$1.7B
Repurchases of common stock$103.0M$290.0M$299.0M$802.0M$1.5B$1.6B
Taxes paid for net share settlement$131.0M$211.0M$161.0M$123.0M$121.0M$146.0M