| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 2.4K | 3.6% | 12.6% |
| Total Income | 2.4K | 3.6% | 12.6% |
| Expenditure | 2.2K | 3.5% | 8.9% |
| PBT | 338.00 | 11.2% | 48.9% |
| Net Profit | 252.00 | 10.5% | 30.6% |
| OPM | 10.65% | 0.09pp | 3.01pp |
| NPM | 10.36% | 0.65pp | 1.43pp |
| EPS | 0.95 | 10.5% | 30.1% |
Workday Announces Q3 FY26 Revenue $2.432 Billion, Up 12.6% Y-o-Y
04 May 2026 · 4 May, 7:01 am
Summary
Workday announced its fiscal 2026 third-quarter results, with total revenues reaching $2.432 billion, a 12.6% increase year-over-year. Subscription revenues grew by 14.6% to $2.244 billion. The company's operating income was $259 million, or 10.7% of revenues, compared to $165 million in the same period last year. Workday is updating its guidance for the fiscal year 2026, expecting subscription revenues of $8.828 billion, representing 14% growth.
Key Highlights
- 1
Total revenues for the third quarter of fiscal 2026 reached $2.432 billion, reflecting a 12.6% increase compared to the same period in fiscal 2025.
- 2
Subscription revenues amounted to $2.244 billion, demonstrating a 14.6% growth year-over-year.
- 3
Operating income was $259 million, representing 10.7% of revenues, compared to $165 million, or 7.6% of revenues, in the third quarter of fiscal 2025.
- 4
Diluted net income per share increased to $0.94, compared to $0.72 in the third quarter of fiscal 2025.
- 5
The 12-month subscription revenue backlog grew by 17.6% year-over-year to $8.21 billion.
- 6
Operating cash flows increased to $588 million, compared to $406 million in the same period last year.
- 7
Workday now expects fiscal 2026 subscription revenue of $8.828 billion, representing 14% growth.
Management Comments
Carl Eschenbach
Workday delivered another solid quarter, fueled by the strength and diversity of our business and the momentum we’re seeing across our AI portfolio. By unifying people, money, and AI agents on one trusted platform, we’re giving customers a real edge—helping them empower their people, simplify how work gets done, and drive results that truly matter.
Zane Rowe
Our Q3 results were driven by continued progress across several key growth initiatives, as we accelerate innovation across the platform and bring exciting AI solutions to market. We now expect fiscal 2026 subscription revenue of $8.828 billion, growth of 14%, and non-GAAP operating margin of approximately 29%.
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