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Workday · Q1 FY2027 · May 22, 2026

Workday (WDAY) Q1 FY2027 Earnings: Results, Stock Reaction & Outlook

A structured quarterly research file based on the earnings release and cited primary documents. Consensus, transcript, Q&A, and price-reaction fields are shown only when verified data are available.

Official Earnings ReleaseSnowballHare AnalysisStandard Research Page
Company
Workday
Listing
WDAY
Quarter
Q1 FY2027
Reported
May 22, 2026
Total revenue $2.542B

Reported result

Subscription revenue $2.354B

Reported result

12-month backlog $8.806B

Reported result

FCF / margin $616M

Reported result

Investment read

Total revenue: $2.542B, +13.5% Y/Y Subscription revenue: $2.354B, +14.3% Y/Y The next research checkpoint is forward demand looks better when backlog grows faster than revenue.

Page typeEarnings release research
Disclosure statusReported
Page levelStandard

Results check

Reported results

MetricReportedYoY
Total revenue$2.542BTotal revenue: $2.542B, +13.5% Y/Y Source—
Subscription revenue$2.354BSubscription revenue: $2.354B, +14.3% Y/Y Source—
12-month backlog$8.806B12-month backlog: $8.806B, +15.5% Y/Y Source—
FCF / margin$616MFCF / margin: $616M FCF; 31.8% non-GAAP op margin Source—

Investor focus

What investors are likely to focus on

Potential result drivers

  • Total revenue: $2.542B, +13.5% Y/Y
  • Subscription revenue: $2.354B, +14.3% Y/Y
  • 12-month backlog: $8.806B, +15.5% Y/Y
  • FCF / margin: $616M FCF; 31.8% non-GAAP op margin

Verified after-hours, next-day, and benchmark-relative price data are not stored in this record. The factors above are research considerations, not a measured attribution of the stock move.

Next quarter

What to watch next

IndicatorCurrent baselineNext checkSource
Total revenue$2.542BShows durable enterprise software demand rather than a one-quarter acceleration story.Primary source
Subscription revenue$2.354BThe recurring engine behind the Workday multiple.Primary source
12-month backlog$8.806BForward demand looks better when backlog grows faster than revenue.Primary source
FCF / margin$616MThe efficiency proof point for a durable software compounder.Primary source

Primary documents

Sources and documents

Issuer source · 2026-05-22Workday fiscal Q1 2027 resultsQ1 FY2027

FAQ

Reader questions

What did Workday report for Total revenue?

Total revenue: $2.542B, +13.5% Y/Y

What did Workday report for Subscription revenue?

Subscription revenue: $2.354B, +14.3% Y/Y

What did Workday report for 12-month backlog?

12-month backlog: $8.806B, +15.5% Y/Y