WDAYWorkday, Inc.
Services-Computer Processing & Data Preparation
- Revenue
- $9.6B
- 13% YoY
- Operating margin
- 7.5%
- 54% YoY
- EBITDA
- $958M
- 46% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 2.4×
- $2.3B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear424% of net incomeCash flow under 80% of net income
- Dilutive SBCFired17% of revenueOver 10% of revenue
- Payouts exceed cash flowClear99% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear33% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $5.1B | $6.2B | $7.3B | $8.4B | $9.6B | 13% |
| Operating income | −$116M | −$222M | $183M | $415M | $721M | 74% |
| Net income | $29M | −$367M | $1.4B | $526M | $693M | 32% |
| Operating cash flow | $1.7B | $1.7B | $2.1B | $2.5B | $2.9B | 19% |
| Capex | — | $364M | $232M | $269M | $162M | 40% |
| Stock-based comp | $1.1B | $1.3B | $1.4B | $1.5B | $1.6B | 7.0% |
| Buybacks | $0 | $75M | $423M | $700M | $2.9B | 314% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $170M · 75
- Net
- −$170M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 77 | 125 |
| FY2025 | — | — | 142 | 194 |
| FY2024 | — | — | 158 | 179 |
| FY2023 | — | — | 98 | 119 |
| FY2022 | — | — | 137 | 146 |