Workday, Inc. (WDAY) Key Metrics
WDAY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $45.99B
- Enterprise value
- $46.73B
- P/E (TTM)
- 38.9 10-yr median 66.8
- Forward P/E
- 17.7
- PEG ratio
- 0.70
- Price / sales
- 4.5 10-yr median 11.1
- Price / book
- 7.2 10-yr median 14.2
- EV / EBITDA
- 26.6 10-yr median 131.5
- Dividend yield
- —
- Beta
- 1.07
WDAY key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsWDAY valuation Price multiples at each fiscal year-end price.
WDAY returns How much profit the business earns on the capital it uses.
WDAY per-share figures Results divided by the shares outstanding at year-end.
WDAY financial health Debt, liquidity and how easily interest is covered.
WDAY efficiency & capital use Working capital cycle and where the cash goes.
WDAY valuation history
WDAY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WDAY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WDAY cash returned to shareholders
WDAY price vs earnings per share
WDAY key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $46.26B | $70.55B | $77.22B | $46.23B | $64.27B | $53.93B | $41.95B | $39.35B | $24.91B | $16.47B |
| Enterprise value | $44.64B | $65.89B | $72.70B | $43.36B | $62.73B | $52.63B | $41.57B | $38.78B | $23.13B | $15.01B |
| P/E ratio | 66.8 | 134.1 | 55.9 | — | — | — | — | — | — | — |
| Price / sales | 4.8 | 8.4 | 10.6 | 7.4 | 12.5 | 12.5 | 11.6 | 13.9 | 11.6 | 10.5 |
| Price / book | 5.9 | 7.8 | 9.6 | 8.3 | 14.2 | 16.5 | 16.9 | 20.1 | 15.8 | 14.2 |
| Price / free cash flow | 16.7 | 32.2 | 40.4 | 35.6 | 46.6 | 53.3 | 67.6 | 100.0 | 79.5 | 72.3 |
| Price / operating cash flow | 15.7 | 28.7 | 35.9 | 27.9 | 38.9 | 42.5 | 48.5 | 64.9 | 53.5 | 47.2 |
| EV / sales | 4.7 | 7.8 | 10.0 | 7.0 | 12.2 | 12.2 | 11.5 | 13.7 | 10.8 | 9.5 |
| EV / EBITDA | 32.9 | 61.1 | 96.7 | 210.5 | 166.4 | 602.7 | — | — | — | — |
| EV / free cash flow | 16.1 | 30.1 | 38.0 | 33.4 | 45.5 | 52.0 | 67.0 | 98.5 | 73.9 | 65.9 |
| Earnings yield | 1.5% | 0.7% | 1.8% | −0.8% | 0.0% | −0.5% | −1.1% | −1.1% | −1.3% | −2.3% |
| Free cash flow yield | 6.0% | 3.1% | 2.5% | 2.8% | 2.1% | 1.9% | 1.5% | 1.0% | 1.3% | 1.4% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 6.3% | 1.0% | 0.5% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $175.63 | $262.06 | $291.07 | $181.43 | $253.01 | $227.53 | $184.63 | $181.53 | $119.89 | $83.09 |
| Per share | ||||||||||
| Revenue per share | $36.26 | $31.37 | $27.36 | $24.39 | $20.23 | $18.22 | $15.97 | $13.02 | $10.31 | $7.94 |
| Earnings per share | $2.63 | $1.95 | $5.21 | −$1.44 | $0.11 | −$1.19 | −$2.12 | −$1.93 | −$1.55 | −$1.94 |
| Operating cash flow per share | $11.16 | $9.14 | $8.10 | $6.50 | $6.50 | $5.35 | $3.81 | $2.80 | $2.24 | $1.76 |
| Free cash flow per share | $10.54 | $8.13 | $7.20 | $5.09 | $5.43 | $4.27 | $2.73 | $1.82 | $1.51 | $1.15 |
| Cash per share | $20.66 | $29.78 | $29.45 | $24.02 | $14.35 | $14.92 | $8.56 | $8.20 | $15.73 | $10.07 |
| Book value per share | $29.63 | $33.56 | $30.47 | $21.92 | $17.85 | $13.83 | $10.95 | $9.03 | $7.61 | $5.87 |
| Tangible book value per share | $7.11 | $19.20 | $18.76 | $9.50 | $5.04 | $5.03 | $1.50 | $1.09 | $6.57 | $4.82 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.62 | $1.01 | $0.90 | $1.41 | $1.07 | $1.08 | $1.08 | $0.98 | $0.73 | $0.61 |
| Debt per share | $14.51 | $12.49 | $12.42 | $12.75 | $8.28 | $9.44 | $6.91 | $5.56 | $7.18 | $2.70 |
| Shares outstanding | 263.4M | 269.2M | 265.3M | 254.8M | 254.0M | 237.0M | 227.2M | 216.8M | 207.8M | 198.2M |
| Change in shares outstanding | −2.2% | +1.5% | +4.1% | +0.3% | +7.2% | +4.3% | +4.8% | +4.3% | +4.8% | +4.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.2% | 6.1% | 20.2% | −7.3% | 0.7% | −9.8% | −21.6% | −23.6% | −23.4% | −33.5% |
| Return on invested capital (ROIC) | 13.3% | 8.6% | 5.8% | −6.1% | −4.7% | −9.6% | −22.7% | −61.6% | — | — |
| Return on assets (ROA) | 3.8% | 3.1% | 9.2% | −3.1% | 0.3% | −3.6% | −7.8% | −8.0% | −7.9% | −13.0% |
| Return on tangible assets | 5.7% | 3.7% | 10.3% | −3.6% | 0.4% | −4.3% | −10.3% | −11.0% | −6.8% | −13.0% |
| Free cash flow margin | 29.1% | 25.9% | 26.3% | 20.9% | 26.8% | 23.4% | 17.1% | 14.0% | 14.6% | 14.5% |
| Income quality (OCF / net income) | 4.24 | 4.68 | 1.56 | — | 56.92 | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $3.82B | $3.36B | $3.30B | $3.25B | $2.10B | $2.24B | $1.57B | $1.20B | $1.49B | $534.4M |
| Cash & short-term investments | $5.44B | $8.02B | $7.81B | $6.12B | $3.64B | $3.54B | $1.94B | $1.78B | $3.27B | $2.00B |
| Net debt | −$1.62B | −$4.66B | −$4.52B | −$2.87B | −$1.54B | −$1.30B | −$374.7M | −$573.6M | −$1.78B | −$1.46B |
| Debt / equity | 0.49 | 0.37 | 0.41 | 0.58 | 0.46 | 0.68 | 0.63 | 0.62 | 0.94 | 0.46 |
| Debt / assets | 0.21 | 0.19 | 0.20 | 0.24 | 0.20 | 0.26 | 0.23 | 0.22 | 0.30 | 0.17 |
| Net debt / EBITDA | −1.20 | −4.32 | −6.01 | −13.94 | −4.09 | −14.86 | — | — | — | — |
| Current ratio | 1.32 | 1.85 | 1.92 | 1.71 | 1.00 | 1.09 | 1.01 | 1.08 | 1.89 | 1.93 |
| Quick ratio | 1.32 | 1.85 | 1.92 | 1.67 | 1.00 | 1.09 | 1.01 | 1.08 | 1.89 | 1.93 |
| Interest coverage | 9.0 | 3.6 | 1.6 | -2.2 | -6.8 | -3.6 | -8.6 | -7.7 | -6.8 | -11.7 |
| Working capital | $2.05B | $4.73B | $4.65B | $3.29B | −$6.7M | $396.6M | $24.8M | $189.1M | $1.84B | $1.20B |
| Invested capital | $6.18B | $4.38B | $3.56B | $2.71B | $2.99B | $1.98B | $2.11B | $1.38B | −$196.1M | −$299.4M |
| Tangible asset value | $1.87B | $5.17B | $4.98B | $2.42B | $1.28B | $1.19B | $341.0M | $237.2M | $1.37B | $955.8M |
| Net current asset value | −$1.84B | $1.33B | $1.34B | $16.5M | −$902.3M | −$761.3M | −$1.34B | −$942.5M | $526.9M | $493.0M |
| Graham number | $41.88 | $38.41 | $59.74 | — | $6.77 | — | — | — | — | — |
| Graham net-net per share | −$11.68 | $2.14 | $2.53 | −$1.99 | −$5.46 | −$4.77 | −$7.60 | −$5.79 | $1.43 | $1.42 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $2.90B | $700.0M | $423.0M | $74.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | 104.2% | 32.0% | 22.1% | 5.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / revenue | 1.7% | 3.2% | 3.3% | 5.8% | 5.3% | 5.9% | 6.7% | 7.5% | 7.1% | 7.7% |
| Capex / operating cash flow | 5.5% | 11.1% | 11.1% | 21.7% | 16.5% | 20.2% | 28.3% | 35.1% | 32.8% | 34.7% |
| Capex / depreciation | 0.47 | 0.83 | 0.84 | 0.99 | 0.79 | 0.87 | 0.89 | 1.07 | 1.12 | 1.04 |
| Stock-based compensation / revenue | 17.0% | 18.0% | 19.5% | 20.8% | 21.6% | 23.3% | 23.7% | 23.1% | 22.3% | 23.6% |
| R&D / revenue | 28.0% | 31.1% | 33.9% | 36.1% | 36.6% | 39.9% | 42.7% | 42.9% | 42.5% | 43.2% |
| SG&A / revenue | 14.0% | 38.5% | 39.1% | 39.3% | 37.9% | 38.1% | 41.7% | 43.9% | 42.3% | 48.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 82.8 | 78.7 | 80.7 | 82.6 | 80.8 | 80.7 | 79.6 | 79.7 | 77.7 | 78.5 |
| Days of inventory on hand | — | — | — | 20.4 | 0.0 | 0.0 | 0.0 | — | — | — |
| Days payables outstanding | 19.7 | 16.4 | 23.9 | 22.3 | 16.8 | 20.3 | 14.8 | 10.9 | 13.9 | 17.5 |
| Cash conversion cycle (days) | 63.2 | 62.3 | 56.8 | 80.6 | 64.0 | 60.4 | 64.8 | 68.8 | 63.8 | 61.0 |
| Receivables turnover | 4.41 | 4.64 | 4.52 | 4.42 | 4.52 | 4.52 | 4.58 | 4.58 | 4.70 | 4.65 |
| Payables turnover | 18.57 | 22.25 | 15.28 | 16.35 | 21.79 | 18.00 | 24.59 | 33.34 | 26.32 | 20.83 |
| Inventory turnover | — | — | — | 17.90 | 952,000,000.00 | 798,754,666.67 | 1,065,258,000.00 | — | — | — |
| Asset turnover | 0.53 | 0.49 | 0.48 | 0.52 | 0.53 | 0.56 | 0.59 | 0.54 | 0.53 | 0.53 |
| Average receivables | $2.17B | $1.82B | $1.60B | $1.41B | $1.14B | $955.0M | $791.1M | $616.4M | $456.1M | $338.7M |
| Average payables | $125.0M | $93.0M | $115.9M | $104.6M | $65.5M | $66.6M | $43.3M | $25.0M | $23.9M | $23.2M |
| Average inventory | — | — | — | $95.5M | $2 | $2 | $1 | — | $0 | $0 |
| Intangibles / total assets | 32.8% | 21.5% | 18.9% | 23.5% | 31.0% | 23.9% | 31.5% | 31.2% | 4.3% | 6.5% |
Computed from WDAY's annual financial statements (latest annual report filed March 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WDAY valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Workday traded at 66.8 times earnings, against a 10-year median of 66.8. Based on the latest twelve months, the trailing P/E is 38.9 and the forward P/E is 17.7. Workday earned a return on equity of 8.2% and a return on invested capital of 13.3% in fiscal 2026. It ended the year with $3.8 billion of debt and $5.4 billion in cash and short-term investments, a net cash position of $1.6 billion. It returned $2.9 billion to shareholders: $0 in dividends and $2.9 billion in share buybacks, 104% of free cash flow. The share count rose 32.9% from 198.2M to 263.4M over 9 years.
See the WDAY income statement, the WDAY chart for price history, or the WDAY stock overview for the latest quote and news.
WDAY key metrics FAQ
What is Workday's P/E ratio?
Workday's trailing P/E ratio is 38.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.7. At the end of fiscal 2026 it was 66.8, compared with a 10-year median of 66.8.
What is Workday's EV/EBITDA?
Workday's enterprise value was 32.9 times EBITDA at the end of fiscal 2026 (enterprise value $44.6 billion, EBITDA $1.4 billion); the current EV/EBITDA is 26.6.
What is Workday's return on equity?
Workday's return on equity (ROE) was 8.2% in fiscal 2026: net income of $693.0 million on average shareholders' equity of $8.4 billion.
What is Workday's ROIC?
Workday's return on invested capital was 13.3% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Workday have?
Workday had total debt of $3.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.49 and more cash than debt.
Does Workday buy back its shares?
Yes. Workday spent $2.9 billion on net share repurchases in fiscal 2026 Shares outstanding changed −2.2% over the year, to 263.4M..
What is Workday's free cash flow yield?
Workday generated $2.8 billion of free cash flow in fiscal 2026, a free cash flow yield of 6.0% on its market value at year-end ($46.3 billion).
What is Workday's current ratio?
Workday's current ratio was 1.32 at the end of fiscal 2026: current assets were 1.32 times current liabilities.