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Side-by-side financial comparison of Invesco (IVZ) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Workday, Inc. is the larger business by last-quarter revenue ($2.4B vs $1.7B, roughly 1.4× Invesco). Workday, Inc. runs the higher net margin — 10.4% vs -58.9%, a 69.2% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs 6.2%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $432.2M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 7.1%).
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
IVZ vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $2.4B |
| Net Profit | $-995.9M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | -86.2% | 10.6% |
| Net Margin | -58.9% | 10.4% |
| Revenue YoY | 6.2% | 12.6% |
| Net Profit YoY | -575.8% | 30.6% |
| EPS (diluted) | $-2.61 | $0.94 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.7B | $2.4B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.5B | $2.2B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $1.9B |
| Q4 25 | $-995.9M | $252.0M | ||
| Q3 25 | $356.4M | $228.0M | ||
| Q2 25 | $197.4M | $68.0M | ||
| Q1 25 | $171.1M | $94.0M | ||
| Q4 24 | $209.3M | $193.0M | ||
| Q3 24 | $55.0M | $132.0M | ||
| Q2 24 | $132.2M | $107.0M | ||
| Q1 24 | $141.5M | $1.2B |
| Q4 25 | -86.2% | 10.6% | ||
| Q3 25 | 16.5% | 10.6% | ||
| Q2 25 | 14.1% | 1.7% | ||
| Q1 25 | 18.1% | 3.4% | ||
| Q4 24 | 19.6% | 7.6% | ||
| Q3 24 | 6.6% | 5.3% | ||
| Q2 24 | 13.9% | 3.2% | ||
| Q1 24 | 14.4% | 4.1% |
| Q4 25 | -58.9% | 10.4% | ||
| Q3 25 | 21.7% | 9.7% | ||
| Q2 25 | 13.0% | 3.0% | ||
| Q1 25 | 11.2% | 4.3% | ||
| Q4 24 | 13.1% | 8.9% | ||
| Q3 24 | 3.6% | 6.3% | ||
| Q2 24 | 8.9% | 5.4% | ||
| Q1 24 | 9.6% | 61.8% |
| Q4 25 | $-2.61 | $0.94 | ||
| Q3 25 | $0.66 | $0.84 | ||
| Q2 25 | $-0.03 | $0.25 | ||
| Q1 25 | $0.38 | $0.34 | ||
| Q4 24 | $0.46 | $0.72 | ||
| Q3 24 | $0.12 | $0.49 | ||
| Q2 24 | $0.29 | $0.40 | ||
| Q1 24 | $0.31 | $4.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $6.8B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $12.2B | $8.9B |
| Total Assets | $27.1B | $17.8B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $6.8B | ||
| Q3 25 | $973.1M | $8.2B | ||
| Q2 25 | $922.7M | $8.0B | ||
| Q1 25 | $821.7M | $8.0B | ||
| Q4 24 | $986.5M | $7.2B | ||
| Q3 24 | $1.0B | $7.4B | ||
| Q2 24 | $878.5M | $7.2B | ||
| Q1 24 | $895.7M | $7.8B |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | — | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | $3.0B | ||
| Q1 24 | $1.3B | $3.0B |
| Q4 25 | $12.2B | $8.9B | ||
| Q3 25 | $14.0B | $9.2B | ||
| Q2 25 | $13.9B | $8.9B | ||
| Q1 25 | $14.7B | $9.0B | ||
| Q4 24 | $14.6B | $8.6B | ||
| Q3 24 | $14.8B | $8.3B | ||
| Q2 24 | $14.6B | $8.2B | ||
| Q1 24 | $14.6B | $8.1B |
| Q4 25 | $27.1B | $17.8B | ||
| Q3 25 | $28.4B | $18.0B | ||
| Q2 25 | $28.5B | $17.2B | ||
| Q1 25 | $28.1B | $18.0B | ||
| Q4 24 | $27.0B | $16.4B | ||
| Q3 24 | $27.5B | $16.2B | ||
| Q2 24 | $27.2B | $15.9B | ||
| Q1 24 | $28.1B | $16.5B |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | 0.37× | ||
| Q1 24 | 0.09× | 0.37× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $455.8M | $588.0M |
| Free Cash FlowOCF − Capex | $432.2M | $550.0M |
| FCF MarginFCF / Revenue | 25.5% | 22.6% |
| Capex IntensityCapex / Revenue | 1.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $455.8M | $588.0M | ||
| Q3 25 | $606.2M | $616.0M | ||
| Q2 25 | $547.9M | $457.0M | ||
| Q1 25 | $-84.6M | $1.1B | ||
| Q4 24 | $316.9M | $406.0M | ||
| Q3 24 | $438.4M | $571.0M | ||
| Q2 24 | $489.1M | $372.0M | ||
| Q1 24 | $-54.4M | $995.6M |
| Q4 25 | $432.2M | $550.0M | ||
| Q3 25 | $586.4M | $588.0M | ||
| Q2 25 | $530.4M | $421.0M | ||
| Q1 25 | $-108.0M | $1.0B | ||
| Q4 24 | $309.9M | $359.0M | ||
| Q3 24 | $410.0M | $516.0M | ||
| Q2 24 | $462.4M | $291.0M | ||
| Q1 24 | $-75.4M | $947.6M |
| Q4 25 | 25.5% | 22.6% | ||
| Q3 25 | 35.7% | 25.0% | ||
| Q2 25 | 35.0% | 18.8% | ||
| Q1 25 | -7.1% | 46.4% | ||
| Q4 24 | 19.5% | 16.6% | ||
| Q3 24 | 27.1% | 24.7% | ||
| Q2 24 | 31.2% | 14.6% | ||
| Q1 24 | -5.1% | 49.3% |
| Q4 25 | 1.4% | 1.6% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 1.2% | 1.6% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | 0.4% | 2.2% | ||
| Q3 24 | 1.9% | 2.6% | ||
| Q2 24 | 1.8% | 4.1% | ||
| Q1 24 | 1.4% | 2.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | 1.70× | 2.70× | ||
| Q2 25 | 2.78× | 6.72× | ||
| Q1 25 | -0.49× | 11.83× | ||
| Q4 24 | 1.51× | 2.10× | ||
| Q3 24 | 7.97× | 4.33× | ||
| Q2 24 | 3.70× | 3.48× | ||
| Q1 24 | -0.38× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
