Workday (WDAY) Tax Rate (2011 - 2026)
Workday (WDAY) recorded quarterly Tax Rate of 45.08% in Q1 2026, up 77.16% quarter-over-quarter from 25.44% in Q4 2025, and up 2341.0% on a YoY basis from 1.85% in Q1 2025.
Workday (WDAY) Tax Rate (2011 - 2026) Analysis & Trends
Workday's Tax Rate history runs 16 years deep, the most recent figure standing at 45.08% for Q1 2026.
- In Q1 2026, Tax Rate rose 2341.0% year-over-year to 45.08%; the TTM figure through Jan 2026 stood at 31.32% (up 1376.0% YoY), while the FY2026 annual figure was 31.32%, up 1376.0% from the prior year.
- Tax Rate was 45.08% for Q1 2026 at Workday, up from 25.44% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 100.0% in Q2 2023 to a low of 760.87% in Q1 2024.
- Historically, Tax Rate has averaged 43.39% across 5 years, with a median of 13.01% in 2024.
- The sharpest annual moves came in 2024 and 2025: Tax Rate plunged 69933 bps in 2024, then soared 78254 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 237.22% in 2022, then soared by 105 bps to 11.63% in 2023, then grew by 29 bps to 14.98% in 2024, then soared by 70 bps to 25.44% in 2025, then surged by 77 bps to 45.08% in 2026.
- The last three Tax Rate figures came in at 45.08% (Q1 2026), 25.44% (Q4 2025), and 25.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -18.42% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 39.11% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 8.36% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 22.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 21.59% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 30.31% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 23.68% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 23.50% |
| 10 | Workday | 33.61 Bn | 28.17 Bn | 1.86 Bn | 45.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 45.08% |
| Jan 31, 2026 | 45.08% |
| Oct 31, 2025 | 25.44% |
| Oct 31, 2025 | 25.44% |
| Jul 31, 2025 | 25.00% |
| Jul 31, 2025 | 25.00% |
| Apr 30, 2025 | 33.98% |
| Apr 30, 2025 | 33.98% |
| Jan 31, 2025 | 21.67% |
| Jan 31, 2025 | 21.67% |
| Oct 31, 2024 | 14.98% |
| Oct 31, 2024 | 14.98% |
| Jul 31, 2024 | 21.43% |
| Jul 31, 2024 | 21.43% |
| Apr 30, 2024 | 13.01% |
| Apr 30, 2024 | 13.01% |
| Jan 31, 2024 | -760.87% |
| Jan 31, 2024 | -760.87% |
| Oct 31, 2023 | 11.63% |
| Oct 31, 2023 | 11.63% |