Workday, Inc. Total Operating Expenses increased by 8.5% to $2.36B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.3%, from $2.14B to $2.36B. Over 4 years (FY 2022 to FY 2026), Total Operating Expenses shows an upward trend with a 13.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expenses| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.21B | $1.26B | $1.30B | $1.48B | $1.51B | $1.57B | $1.63B | $1.74B | $1.70B | $1.75B | $1.78B | $1.84B | $1.93B | $1.97B | $2.00B | $2.14B | $2.20B | $2.10B | $2.17B | $2.36B |
| QoQ Change | — | +4.0% | +3.3% | +13.3% | +2.1% | +4.1% | +3.5% | +6.8% | -1.8% | +2.8% | +1.5% | +3.7% | +4.5% | +2.5% | +1.1% | +7.1% | +3.0% | -4.6% | +3.5% | +8.5% |
| YoY Change | — | — | — | — | +24.2% | +24.4% | +24.7% | +17.5% | +13.0% | +11.5% | +9.4% | +6.2% | +13.0% | +12.7% | +12.2% | +15.9% | +14.3% | +6.4% | +8.9% | +10.3% |