Workday (WDAY) Net Margin (2011 - 2026)
Workday's (WDAY) quarterly Net Margin came in at 5.73% in Q1 2026, up 148.0% year-on-year from 2.31% in Q1 2025, and down 44.73% quarter-over-quarter from 10.36% in Q4 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.
- On a quarterly basis, Net Margin rose 148.0% year-over-year to 5.73% in Q1 2026; TTM through Jan 2026 was 7.26%, a 103.0% increase from a year earlier, with the FY2026 full-year figure at 7.26%, up 103.0% from the prior year.
- Net Margin declined to 5.73% in Q1 2026 per WDAY's latest filing, from 10.36% in the prior quarter.
- Across five years, Net Margin topped out at 61.81% in Q1 2024 and bottomed at 7.65% in Q1 2023.
- The 5-year median for Net Margin is 4.9% (2023), against an average of 6.07%.
- Across the five-year window, Net Margin soared 6946 bps in 2024 and sank 5756 bps in 2025, its largest moves.
- Year by year, Net Margin 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 plunged by 45 bps to 5.73% in 2026.
- Per Business Quant, the three latest WDAY Net Margin figures stand at 5.73% (Q1 2026), 10.36% (Q4 2025), and 9.71% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Workday | 33.90 Bn | 28.45 Bn | 2.12 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 | -6.35% |