Workday (WDAY) Net Margin (2011 - 2026)
Workday (WDAY) recorded quarterly Net Margin of 5.73% in Q1 2026, down 44.73% quarter-over-quarter from 10.36% in Q4 2025, and up 148.0% on a YoY basis from 2.31% in Q1 2025.
Workday (WDAY) Net Margin (2011 - 2026) Analysis & Trends
Workday's Net Margin history runs 16 years deep, the most recent figure standing at 5.73% for Q1 2026.
- In Q1 2026, Net Margin rose 148.0% year-over-year to 5.73%; the TTM figure through Jan 2026 stood at 7.26% (up 103.0% YoY), while the FY2026 annual figure was 7.26%, up 103.0% from the prior year.
- Net Margin was 5.73% for Q1 2026 at Workday, down from 10.36% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 61.81% in Q1 2024 to a low of 7.65% in Q1 2023.
- Historically, Net Margin has averaged 6.07% across 5 years, with a median of 4.9% in 2023.
- The sharpest annual moves came in 2024 and 2025: Net Margin jumped 6946 bps in 2024, then sank 5756 bps in 2025.
- A 5-year view of Net Margin shows it stood at 4.67% in 2022, then surged by 231 bps to 6.11% in 2023, then soared by 46 bps to 8.94% in 2024, then rose by 16 bps to 10.36% in 2025, then slumped by 45 bps to 5.73% in 2026.
- The last three Net Margin figures came in at 5.73% (Q1 2026), 10.36% (Q4 2025), and 9.71% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Workday | 33.61 Bn | 28.17 Bn | 1.86 Bn | 5.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 5.73% |
| Oct 31, 2025 | 10.36% |
| Jul 31, 2025 | 9.71% |
| Apr 30, 2025 | 3.04% |
| Jan 31, 2025 | 4.25% |
| Oct 31, 2024 | 8.94% |
| Jul 31, 2024 | 6.33% |
| Apr 30, 2024 | 5.38% |
| Jan 31, 2024 | 61.81% |
| Oct 31, 2023 | 6.11% |
| Jul 31, 2023 | 4.42% |
| Jan 31, 2023 | -7.65% |
| Oct 31, 2022 | -4.67% |
| Jul 31, 2022 | -4.18% |
| Apr 30, 2022 | -7.12% |
| Jan 31, 2022 | -5.38% |
| Oct 31, 2021 | 3.27% |
| Jul 31, 2021 | 8.39% |
| Apr 30, 2021 | -3.95% |
| Jan 31, 2021 | -6.34% |