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
DateValue
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%