Workday · 2026-05-22
Workday (WDAY) Fiscal Q1 2027 Earnings: Results, Stock Reaction & Outlook Earnings Release Summary
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
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
Reported data
WDAY key reported figures
Total revenue: $2.542B, +13.5% Y/Y
Shows durable enterprise software demand rather than a one-quarter acceleration story.
Subscription revenue: $2.354B, +14.3% Y/Y
The recurring engine behind the Workday multiple.
12-month backlog: $8.806B, +15.5% Y/Y
Forward demand looks better when backlog grows faster than revenue.
FCF / margin: $616M FCF; 31.8% non-GAAP op margin
The efficiency proof point for a durable software compounder.
Sources