Workday (WDAY) Tax Rate (2011 - 2026)
Workday's (WDAY) quarterly Tax Rate came in at 45.08% in Q1 2026, up 2341.0% year-on-year from 1.85% in Q1 2025, and up 77.16% quarter-over-quarter from 25.44% in Q4 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.
- On a quarterly basis, Tax Rate rose 2341.0% year-over-year to 45.08% in Q1 2026; TTM through Jan 2026 was 31.32%, a 1376.0% increase from a year earlier, with the FY2026 full-year figure at 31.32%, up 1376.0% from the prior year.
- Tax Rate rose to 45.08% in Q1 2026 per WDAY's latest filing, from 25.44% in the prior quarter.
- Across five years, Tax Rate topped out at 100.0% in Q2 2023 and bottomed at 760.87% in Q1 2024.
- The 5-year median for Tax Rate is 13.01% (2024), against an average of 43.39%.
- Across the five-year window, Tax Rate plunged 69933 bps in 2024 and surged 78254 bps in 2025, its largest moves.
- Year by year, Tax Rate 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.
- Per Business Quant, the three latest WDAY Tax Rate figures stand at 45.08% (Q1 2026), 25.44% (Q4 2025), and 25.0% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -29.13% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -18.42% |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 8.36% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 39.11% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 22.57% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 31.96% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 23.68% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 0.37% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 21.59% |
| 10 | Workday | 33.90 Bn | 28.45 Bn | 2.12 Bn | 45.08% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 45.08% |
| Jan 31, 2026 | 45.08% |
| Jan 31, 2026 | 45.08% |
| Oct 31, 2025 | 25.44% |
| Oct 31, 2025 | 25.44% |
| Oct 31, 2025 | 25.44% |
| Jul 31, 2025 | 25.00% |
| Jul 31, 2025 | 25.00% |
| Jul 31, 2025 | 25.00% |
| Apr 30, 2025 | 33.98% |
| Apr 30, 2025 | 33.98% |
| Apr 30, 2025 | 33.98% |
| Jan 31, 2025 | 21.67% |
| Jan 31, 2025 | 21.67% |
| Jan 31, 2025 | 21.67% |
| Oct 31, 2024 | 14.98% |
| Oct 31, 2024 | 14.98% |
| Oct 31, 2024 | 14.98% |
| Jul 31, 2024 | 21.43% |
| Jul 31, 2024 | 21.43% |