Filing Flows › Workday (WDAY) › Q1 FY27 › vs Q4 FY26
Workday (WDAY) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Workday's revenue rose $10.0M (+0.4%) from $2.5B in Q4 FY26 to $2.5B in Q1 FY27. The biggest changes: Professional Services +$16.0M (+9%); Subscription services −$6.0M (-0.3%). Operating margin 13.3% against 6.9% (+6.4 pts).
Workday, Q1 FY27: revenue $2.5B (+14% year over year), operating margin 13.3%, net earnings $222M, operating cash flow $696M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Operating margin | 13.3% | 6.9% | +6.4 pts |
| Net margin | 8.7% | 5.7% | +3.0 pts |
| Free cash flow margin | 24.2% | 48.1% | -23.9 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Subscription services | $2.4B | $2.4B | −$6.0M | -0.3% |
| Professional Services | $188M | $172M | $16.0M | +9% |
| Revenue | $2.5B | $2.5B | $10.0M | +0.4% |
| Other income, net | $17.0M | $90.0M | −$73.0M | -81% |
| Operating profit | $338M | $174M | $164M | +94% |
| Costs & expenses | $2.2B | $2.4B | −$154M | -7% |
| Pre-tax earnings | $355M | $264M | $91.0M | +34% |
| Research & development | $705M | $691M | $14.0M | +2% |
| Sales & marketing | $679M | $675M | $4.0M | +0.6% |
| General & admin | $216M | $250M | −$34.0M | -14% |
| Other operating costs | $604M | $742M | −$138M | -19% |
| Net earnings | $222M | $145M | $77.0M | +53% |
| Income tax | $133M | $119M | $14.0M | +12% |
| Depreciation & amortization | $91.0M | $57.0M | $34.0M | +60% |
| Share-based compensation | $409M | $399M | $10.0M | +3% |
| Working capital & other | $26.0M | −$677M | $703M | — |
| Operating cash flow | $696M | $1.3B | −$582M | -46% |
| Free cash flow (OCF − capex) | $616M | $1.2B | −$602M | -49% |
| Capital expenditures | $80.0M | $60.0M | $20.0M | +33% |
Questions
How much did Workday's revenue grow quarter over quarter in Q1 FY27?
Workday's revenue rose $10.0M (+0.4%) from $2.5B in Q4 FY26 to $2.5B in Q1 FY27.
What drove Workday's revenue change in Q1 FY27?
Professional Services +$16.0M (+9%); Subscription services −$6.0M (-0.3%).