Workday (WDAY) Gross Margin (2011 - 2026)
Workday (WDAY) recorded quarterly Gross Margin of 73.34% in Q1 2026, up 1.63% quarter-over-quarter from 72.16% in Q4 2025, and up 174.0% on a YoY basis from 26.77% in Q1 2025.
Workday (WDAY) Gross Margin (2011 - 2026) Analysis & Trends
Workday's Gross Margin history runs 16 years deep, the most recent figure standing at 73.34% for Q1 2026.
- In Q1 2026, Gross Margin rose 174.0% year-over-year to 73.34%; the TTM figure through Jan 2026 stood at 72.61% (up 141.0% YoY), while the FY2026 annual figure was 72.61%, up 141.0% from the prior year.
- Gross Margin was 73.34% for Q1 2026 at Workday, up from 72.16% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 73.34% in Q1 2026 to a low of 69.18% in Q2 2023.
- Historically, Gross Margin has averaged 71.1% across 5 years, with a median of 70.97% in 2024.
- The sharpest annual moves came in 2022 and 2024: Gross Margin tumbled 214 bps in 2022, then soared 203 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 70.6% in 2022, then rose by 1 bps to 71.17% in 2023, then climbed by 0 bps to 71.3% in 2024, then climbed by 1 bps to 72.16% in 2025, then gained by 2 bps to 73.34% in 2026.
- The last three Gross Margin figures came in at 73.34% (Q1 2026), 72.16% (Q4 2025), and 72.7% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Workday | 33.61 Bn | 28.17 Bn | 1.86 Bn | 73.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 73.34% |
| Oct 31, 2025 | 72.16% |
| Jul 31, 2025 | 72.70% |
| Apr 30, 2025 | 72.19% |
| Jan 31, 2025 | 71.60% |
| Oct 31, 2024 | 71.30% |
| Jul 31, 2024 | 70.70% |
| Apr 30, 2024 | 71.21% |
| Jan 31, 2024 | 70.97% |
| Oct 31, 2023 | 71.17% |
| Jul 31, 2023 | 70.68% |
| Apr 30, 2023 | 69.18% |
| Jan 31, 2023 | 70.62% |
| Oct 31, 2022 | 70.60% |
| Jul 31, 2022 | 70.13% |
| Apr 30, 2022 | 70.08% |
| Jan 31, 2022 | 70.14% |
| Oct 31, 2021 | 72.40% |
| Jul 31, 2021 | 71.58% |
| Apr 30, 2021 | 72.21% |