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Side-by-side financial comparison of Workday, Inc. (WDAY) and WORKIVA INC (WK). Click either name above to swap in a different company.
Workday, Inc. is the larger business by last-quarter revenue ($2.4B vs $247.3M, roughly 9.8× WORKIVA INC). Workday, Inc. runs the higher net margin — 10.4% vs 7.7%, a 2.7% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.9% vs 12.6%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $25.7M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (18.0% CAGR vs 12.5%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
WDAY vs WK — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $247.3M |
| Net Profit | $252.0M | $19.0M |
| Gross Margin | — | 80.4% |
| Operating Margin | 10.6% | 25.8% |
| Net Margin | 10.4% | 7.7% |
| Revenue YoY | 12.6% | 19.9% |
| Net Profit YoY | 30.6% | — |
| EPS (diluted) | $0.94 | $0.33 |
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.
| Q1 26 | — | $247.3M | ||
| Q4 25 | $2.4B | $238.9M | ||
| Q3 25 | $2.3B | $224.2M | ||
| Q2 25 | $2.2B | $215.2M | ||
| Q1 25 | $2.2B | $206.3M | ||
| Q4 24 | $2.2B | $199.9M | ||
| Q3 24 | $2.1B | $185.6M | ||
| Q2 24 | $2.0B | $177.5M |
| Q1 26 | — | $19.0M | ||
| Q4 25 | $252.0M | $11.8M | ||
| Q3 25 | $228.0M | $2.8M | ||
| Q2 25 | $68.0M | $-19.4M | ||
| Q1 25 | $94.0M | $-21.4M | ||
| Q4 24 | $193.0M | $-8.8M | ||
| Q3 24 | $132.0M | $-17.0M | ||
| Q2 24 | $107.0M | $-17.5M |
| Q1 26 | — | 80.4% | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | 25.8% | ||
| Q4 25 | 10.6% | 3.3% | ||
| Q3 25 | 10.6% | -1.5% | ||
| Q2 25 | 1.7% | -10.3% | ||
| Q1 25 | 3.4% | -12.0% | ||
| Q4 24 | 7.6% | -6.7% | ||
| Q3 24 | 5.3% | -11.7% | ||
| Q2 24 | 3.2% | -13.0% |
| Q1 26 | — | 7.7% | ||
| Q4 25 | 10.4% | 4.9% | ||
| Q3 25 | 9.7% | 1.2% | ||
| Q2 25 | 3.0% | -9.0% | ||
| Q1 25 | 4.3% | -10.4% | ||
| Q4 24 | 8.9% | -4.4% | ||
| Q3 24 | 6.3% | -9.2% | ||
| Q2 24 | 5.4% | -9.9% |
| Q1 26 | — | $0.33 | ||
| Q4 25 | $0.94 | $0.21 | ||
| Q3 25 | $0.84 | $0.05 | ||
| Q2 25 | $0.25 | $-0.35 | ||
| Q1 25 | $0.34 | $-0.38 | ||
| Q4 24 | $0.72 | $-0.15 | ||
| Q3 24 | $0.49 | $-0.31 | ||
| Q2 24 | $0.40 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.8B | $334.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.9B | — |
| Total Assets | $17.8B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $334.3M | ||
| Q4 25 | $6.8B | $338.8M | ||
| Q3 25 | $8.2B | $315.9M | ||
| Q2 25 | $8.0B | $284.3M | ||
| Q1 25 | $8.0B | $242.0M | ||
| Q4 24 | $7.2B | $301.8M | ||
| Q3 24 | $7.4B | $248.2M | ||
| Q2 24 | $7.2B | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $8.9B | $-5.4M | ||
| Q3 25 | $9.2B | $-36.9M | ||
| Q2 25 | $8.9B | $-66.5M | ||
| Q1 25 | $9.0B | $-75.7M | ||
| Q4 24 | $8.6B | $-41.7M | ||
| Q3 24 | $8.3B | $-50.8M | ||
| Q2 24 | $8.2B | $-77.7M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $17.8B | $1.5B | ||
| Q3 25 | $18.0B | $1.4B | ||
| Q2 25 | $17.2B | $1.3B | ||
| Q1 25 | $18.0B | $1.3B | ||
| Q4 24 | $16.4B | $1.4B | ||
| Q3 24 | $16.2B | $1.3B | ||
| Q2 24 | $15.9B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 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 | $588.0M | — |
| Free Cash FlowOCF − Capex | $550.0M | $25.7M |
| FCF MarginFCF / Revenue | 22.6% | 10.4% |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | 2.33× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.6B | $171.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $588.0M | $51.0M | ||
| Q3 25 | $616.0M | $46.2M | ||
| Q2 25 | $457.0M | $50.3M | ||
| Q1 25 | $1.1B | $-7.4M | ||
| Q4 24 | $406.0M | $44.0M | ||
| Q3 24 | $571.0M | $18.9M | ||
| Q2 24 | $372.0M | $-14.0K |
| Q1 26 | — | $25.7M | ||
| Q4 25 | $550.0M | $50.7M | ||
| Q3 25 | $588.0M | $46.1M | ||
| Q2 25 | $421.0M | $49.3M | ||
| Q1 25 | $1.0B | $-8.1M | ||
| Q4 24 | $359.0M | $43.2M | ||
| Q3 24 | $516.0M | $18.7M | ||
| Q2 24 | $291.0M | $-122.0K |
| Q1 26 | — | 10.4% | ||
| Q4 25 | 22.6% | 21.2% | ||
| Q3 25 | 25.0% | 20.5% | ||
| Q2 25 | 18.8% | 22.9% | ||
| Q1 25 | 46.4% | -3.9% | ||
| Q4 24 | 16.6% | 21.6% | ||
| Q3 24 | 24.7% | 10.1% | ||
| Q2 24 | 14.6% | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 0.1% | ||
| Q3 25 | 1.2% | 0.0% | ||
| Q2 25 | 1.6% | 0.5% | ||
| Q1 25 | 3.9% | 0.4% | ||
| Q4 24 | 2.2% | 0.4% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 4.1% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.33× | 4.31× | ||
| Q3 25 | 2.70× | 16.57× | ||
| Q2 25 | 6.72× | — | ||
| Q1 25 | 11.83× | — | ||
| Q4 24 | 2.10× | — | ||
| Q3 24 | 4.33× | — | ||
| Q2 24 | 3.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
WK
| Subscription and support | $225.4M | 91% |
| Other | $22.0M | 9% |
