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Workday, Inc. WDAY Debt-to-equity

Debt-to-equity at other companies

Automatic Data Processing, Inc. logo
Automatic Data Processing, Inc.ADP
0.7×+0.1×
Paychex logo
PaychexPAYX
1.1×+0.9×
Microsoft logo
MicrosoftMSFT
0.3×0.0×
Tyler Technologies logo
Tyler TechnologiesTYL
-0.3×
Salesforce logo
SalesforceCRM
1.2×+1.0×
Oracle logo
OracleORCL
0.7×-5.3×

Other financials

Income statement

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Revenue$2.5B+13.5%
Operating income$338.0M+767%
Net income$222.0M+226%
EPS (diluted)$0.87+248%

Balance sheet

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Cash & equivalents$568.0M-42.5%
Total debt$3.8B+12.1%
Total equity$6.7B-25.1%
Total assets$16.1B-6.5%

Cash flow

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Operating cash flow$696.0M+52.3%
CapEx$80.0M+122%
Free cash flow$616.0M+46.3%

Valuation

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Market cap$28.88B-50.3%
Enterprise value$32.12B-47.2%
P/E34.1×-85.3×
P/S2.9×-3.8×

Profitability

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Operating margin10.3%+5.9pp
Net margin8.6%+3.0pp
FCF margin30.2%+3.5pp

Returns & leverage

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Return on equity10.9%+5.2pp
Current ratio-1.1×

Where this comes from

Calculated from Workday, Inc.’s reported figures.

Based on the most recent quarter.

The official record: Workday, Inc.’s 10-Q, filed May 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Workday, Inc.'s debt-to-equity?
Workday, Inc. (WDAY) reported debt-to-equity of 0.6× in Q1 2026.
How has Workday, Inc.'s debt-to-equity changed year-over-year?
Workday, Inc.'s debt-to-equity increased by 49.7% year-over-year, from 0.4× to 0.6×.
What is the long-term trend for Workday, Inc.'s debt-to-equity?
Over 5 years (2020 to 2025), Workday, Inc.'s debt-to-equity has grown at a -6.4% compound annual growth rate (CAGR), from 0.7× to 0.5×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.