Quarterly ResultMay 21, 2026, 04:08 PM

Workday Q1 Revenue $2.542B, EPS $0.87; Raises FY27 Margin Outlook

AI Summary

Workday announced strong fiscal 2027 first-quarter results, with total revenues increasing 13.5% to $2.542 billion and diluted net income per share rising to $0.87. The company also reported robust subscription revenue growth of 14.3% to $2.354 billion and significant increases in operating and free cash flows. Workday reiterated its fiscal 2027 subscription revenue outlook while raising its non-GAAP operating margin guidance to 30.5%, driven by strong customer adoption and AI strategy success.

Key Highlights

Total revenues grew 13.5% to $2.542 billion in Q1 FY27.
Subscription revenues increased 14.3% to $2.354 billion.
Diluted net income per share was $0.87, up from $0.25 YoY.
Non-GAAP diluted EPS reached $2.66, compared to $2.23 YoY.
12-month subscription backlog rose 15.5% to $8.806 billion.
Operating cash flows increased to $696 million from $457 million.
Repurchased 12.0 million shares for $1.6 billion.
Raised FY27 non-GAAP operating margin guidance to 30.5%.

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Workday, Inc.

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