Filing Flows › Workday (WDAY) › Q2 FY26
Workday (WDAY) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 22, 2025
Workday (WDAY) reported revenue of $2.3B for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +5% from the quarter before. Operating margin was 10.6%, net earnings $228M (9.7% of revenue).
Workday, Q2 FY26: revenue $2.3B (+13% year over year), operating margin 10.6%, net earnings $228M, operating cash flow $616M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | +5% | +13% |
| Operating profit | $248M | +536% | +123% |
| Net earnings | $228M | +235% | +73% |
| Operating cash flow | $616M | +35% | +8% |
| Free cash flow | $588M | +40% | +14% |
What changed
Revenue was $2.3B in Q2 FY26, up 13% year over year and up 5% from the previous quarter. Subscription services was the largest line at 92% of revenue. Subscription services added $0.27B year over year (up 14%), 101% of the total change. Professional Services declined 2%.
Operating profit was $0.25B, a 10.6% margin (up 5.2 points year over year). Of the extra revenue versus a year earlier, 52% reached operating profit, above the 5% margin then. Total costs grew 6% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $0.23B, up 73% year over year. The effective tax rate was 25.0%.
Operating cash flow was $0.62B (up 8% year over year), 270% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.39B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.03B left free cash flow of $0.59B.
Questions
What was Workday's revenue in the second quarter fiscal 2026?
Workday (WDAY) reported revenue of $2.3B for the second quarter fiscal 2026 (Q2 FY26), +13% from a year earlier and +5% from the quarter before.
Was Workday profitable in the second quarter fiscal 2026?
Operating profit was $248M (10.6% of revenue) and net earnings $228M.
Source: Workday 10-Q on SEC EDGAR.