Subscription revenue growth
Subscription revenue makes up most of Workday’s sales, so slowing growth could weigh on its shares.
Workday reports its Q3 FY2027 results on 24 November 2026, after the market closes. Analysts expect earnings per share of 2.75 USD and revenue of 2.69B USD.
In Q2 FY2027, reported on 27 August 2026, Workday earned 2.75 USD a share against the 2.61 USD analysts expected (+5.4%), on revenue of 2.65B USD against 2.64B USD (+0.5%).
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth | Next-day move |
|---|---|---|---|---|---|---|---|---|---|---|
| Q2 FY2028 | 3.26 | — | — | +18.46% | 2.92B | — | — | +10.12% | — | |
| Q1 FY2028 | 3.11 | — | — | +17.06% | 2.80B | — | — | +9.99% | — | |
| Q4 FY2027 | 2.95 | — | — | +19.26% | 2.78B | — | — | +9.74% | — | |
| Q3 FY2027 | 2.75 | — | — | +18.53% | 2.69B | — | — | +10.67% | — | |
| Q2 FY2027 | 2.61 | 2.75 | +5.36% | +24.43% | 2.64B | 2.65B | +0.49% | +12.82% | +5.5% | |
| Q1 FY2027 | 2.51 | 2.66 | +5.98% | +19.28% | 2.52B | 2.54B | +1.00% | +13.48% | +5.2% | |
| Q4 FY2026 | 2.32 | 2.47 | +6.47% | +28.65% | 2.52B | 2.53B | +0.33% | +14.52% | +2.2% | |
| Q3 FY2026 | 2.17 | 2.32 | +6.91% | +22.75% | 2.42B | 2.43B | +0.62% | +12.59% | -8.1% | |
| Q2 FY2026 | 2.11 | 2.21 | +4.74% | +26.29% | 2.34B | 2.35B | +0.28% | +12.61% | -2.8% | |
| Q1 FY2026 | 2.01 | 2.23 | +10.95% | +28.16% | 2.22B | 2.24B | +1.00% | +12.56% | -12.6% | |
| Q4 FY2025 | 1.78 | 1.92 | +7.87% | +22.29% | 2.18B | 2.21B | +1.24% | +15.04% | -3.9% | |
| Q3 FY2025 | 1.76 | 1.89 | +7.39% | +23.53% | 2.14B | 2.16B | +1.01% | +15.78% | -6.3% | |
| Q2 FY2025 | 1.65 | 1.75 | +6.06% | +22.38% | 2.07B | 2.09B | +0.62% | +16.69% | +12.3% | |
| Q1 FY2025 | 1.58 | 1.74 | +10.13% | +32.82% | 1.98B | 1.99B | +0.71% | +18.15% | -15.4% | |
| Q4 FY2024 | 1.47 | 1.57 | +6.80% | +58.59% | 1.92B | 1.92B | +0.27% | +16.75% | -4.0% | |
| Q3 FY2024 | 1.41 | 1.53 | +8.51% | +54.55% | 1.85B | 1.87B | +1.02% | +16.67% | +11.1% | |
| Q2 FY2024 | 1.26 | 1.43 | +13.49% | +72.29% | 1.77B | 1.79B | +0.72% | +16.34% | +5.2% | |
| Q1 FY2024 | 1.12 | 1.31 | +16.96% | +57.83% | 1.67B | 1.68B | +0.87% | +17.40% | +10.0% | |
| Q4 FY2023 | 0.91 | 0.99 | +8.79% | +26.92% | 1.63B | 1.65B | +0.80% | +19.63% | +0.2% | |
| Q3 FY2023 | 0.84 | 0.99 | +17.86% | -10.00% | 1.59B | 1.60B | +0.85% | +20.48% | +17.1% | |
| Q2 FY2023 | 0.80 | 0.83 | +3.75% | -32.52% | 1.52B | 1.54B | +1.13% | +21.85% | +2.5% | |
| Q1 FY2023 | 0.86 | 0.83 | -3.49% | -4.60% | 1.43B | 1.43B | +0.66% | +22.10% | -5.6% | |
| Q4 FY2022 | 0.71 | 0.78 | +9.86% | +6.85% | 1.36B | 1.38B | +1.53% | +21.60% | +4.8% | |
| Q3 FY2022 | 0.86 | 1.10 | +27.91% | +27.91% | 1.31B | 1.33B | +1.41% | +20.01% | — | |
| Q2 FY2022 | 0.78 | 1.23 | +57.69% | +46.43% | 1.31B | 1.26B | -3.70% | +18.68% | — | |
| Q1 FY2022 | 0.73 | 0.87 | +19.18% | +97.73% | 1.16B | 1.18B | +1.30% | +15.38% | — | |
| Q4 FY2021 | 0.55 | 0.73 | +32.73% | +46.00% | 1.12B | 1.13B | +1.47% | +15.92% | — | |
| Q3 FY2021 | 0.67 | 0.86 | +28.36% | +62.26% | 792.33M | 1.11B | +39.58% | +17.89% | — | |
| Q2 FY2021 | 0.66 | 0.84 | +27.27% | +90.91% | 834.40M | 1.06B | +27.27% | +19.62% | — | |
| Q1 FY2021 | 0.48 | 0.44 | -8.33% | +2.33% | 1.11B | 1.02B | -8.33% | +23.43% | — | |
| Q4 FY2020 | 0.40 | 0.50 | +25.00% | +21.95% | 781.04M | 976.30M | +25.00% | +23.80% | — | |
| Q3 FY2020 | 0.37 | 0.53 | +43.24% | +70.97% | 654.90M | 938.10M | +43.24% | +26.23% | -4.8% | |
| Q2 FY2020 | 0.35 | 0.44 | +25.71% | +41.94% | 706.17M | 887.75M | +25.71% | +32.16% | -5.5% | |
| Q1 FY2020 | 0.41 | 0.43 | +4.88% | +30.30% | 786.68M | 825.06M | +4.88% | +33.37% | -4.5% | |
| Q4 FY2019 | 0.32 | 0.41 | +28.12% | +46.43% | 615.51M | 788.63M | +28.13% | +35.39% | -4.5% | |
| Q3 FY2019 | 0.14 | 0.31 | +121.43% | +29.17% | 591.23M | 743.19M | +25.70% | +33.81% | — | |
| Q2 FY2019 | 0.26 | 0.31 | +19.23% | +29.17% | 563.38M | 671.72M | +19.23% | +27.87% | — | |
| Q1 FY2019 | 0.26 | 0.33 | +26.92% | +13.79% | 487.42M | 618.64M | +26.92% | +28.92% | — | |
| Q4 FY2018 | 0.20 | 0.28 | +40.00% | +300.00% | 416.06M | 582.48M | +40.00% | +33.39% | — | |
| Q3 FY2018 | 0.15 | 0.24 | +60.00% | +700.00% | 347.12M | 555.39M | +60.00% | +34.31% | -2.8% | |
| Q2 FY2018 | 0.15 | 0.24 | +60.00% | — | 328.33M | 525.32M | +60.00% | +40.59% | +2.3% | |
| Q1 FY2018 | 0.16 | 0.29 | +81.25% | +480.00% | 334.03M | 479.86M | +43.66% | +38.02% | +2.8% | |
| Q4 FY2017 | -0.01 | 0.07 | +800.00% | — | 62.38M | 436.67M | +600.00% | +35.01% | -8.0% | |
| Q3 FY2017 | -0.04 | 0.03 | +175.00% | — | 546.11M | 413.52M | -24.28% | +35.46% | -12.4% | |
| Q2 FY2017 | -0.02 | -0.04 | -100.00% | -300.00% | 188.86M | 373.66M | +97.85% | +32.18% | +7.1% | |
| Q1 FY2017 | -0.02 | 0.05 | +350.00% | — | 138.17M | 347.68M | +151.63% | +38.54% | +2.0% | |
| Q4 FY2016 | -0.04 | -0.01 | +75.00% | — | 1.29B | 323.43M | -75.00% | +42.94% | +18.7% | |
| Q3 FY2016 | -0.04 | -0.41 | -925.00% | — | 2.27B | 305.27M | -86.53% | +41.94% | -1.4% | |
| Q2 FY2016 | -0.06 | 0.02 | +133.33% | — | 848.09M | 282.70M | -66.67% | +51.35% | +4.1% | |
| Q1 FY2016 | -0.08 | -0.02 | +75.00% | — | 1.00B | 250.96M | -75.00% | +57.11% | -11.3% | |
| Q4 FY2015 | -0.06 | -0.06 | 0.00% | — | 226.27M | 226.27M | 0.00% | +59.50% | -5.6% | |
| Q3 FY2015 | -0.10 | -0.03 | +70.00% | — | 716.90M | 215.07M | -70.00% | +68.19% | -5.5% | |
| Q2 FY2015 | -0.14 | -0.11 | +21.43% | — | 237.72M | 186.78M | -21.43% | +73.66% | -4.9% | |
| Q1 FY2015 | -0.15 | -0.13 | +13.33% | — | 184.31M | 159.74M | -13.33% | +74.30% | +2.3% | |
| Q4 FY2014 | -0.16 | -0.13 | +18.75% | — | 174.60M | 141.87M | -18.75% | +74.03% | +15.1% | |
| Q3 FY2014 | -0.17 | -0.12 | +29.41% | — | 181.15M | 127.87M | -29.41% | +76.09% | +12.7% | |
| Q2 FY2014 | -0.18 | -0.13 | +27.78% | — | 148.92M | 107.56M | -27.78% | — | -1.6% | |
| Q1 FY2014 | -0.18 | -0.15 | +16.67% | — | 109.97M | 91.65M | -16.67% | — | +0.6% | |
| Q4 FY2013 | -0.21 | -0.16 | +23.81% | — | 106.99M | 81.52M | -23.81% | — | +1.4% | |
| Q3 FY2013 | -0.57 | -0.39 | +31.58% | — | 106.14M | 72.62M | -31.58% | — | — |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2029 | 15.53 | — | — | +17.23% | 13.01B | — | — | +10.52% |
| FY2028 | 13.25 | — | — | +19.51% | 11.77B | — | — | +10.40% |
| FY2027 | 11.09 | — | — | +20.13% | 10.67B | — | — | +11.65% |
| FY2026 | 9.08 | 9.23 | +1.61% | +26.44% | 9.54B | 9.55B | +0.08% | +13.09% |
| FY2025 | 7.18 | 7.30 | +1.70% | +25.00% | 8.42B | 8.45B | +0.33% | +16.36% |
| FY2024 | 5.75 | 5.84 | +1.56% | +60.44% | 7.25B | 7.26B | +0.07% | +16.78% |
| FY2023 | 3.54 | 3.64 | +2.92% | -8.54% | 6.20B | 6.22B | +0.21% | +20.96% |
The move is the shares' change on the trading day after the report: after a report after the close, the next day's close on the report day's; before the open, the report day's close on the day before's. Surprise is the reported figure against the analysts' average estimate.
From the last earnings call, the company's guidance and analysts' previews, and checked against the report when it comes.
Subscription revenue makes up most of Workday’s sales, so slowing growth could weigh on its shares.
On average, analysts' EPS estimate was 7.3% off the result, either way, and their revenue estimate 0.7%, over the last 12 quarters.
See also:Forecast,EPS,Income statement
Source: Financial Modeling PrepVerified against SEC filings
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