Filing Flows › Workday (WDAY) › Q2 FY27 › vs Q1 FY27
Workday (WDAY) Q2 FY27 vs Q1 FY27 (quarter over quarter)
Workday's revenue rose $107M (+4%) from $2.5B in Q1 FY27 to $2.6B in Q2 FY27. The biggest changes: Subscription services +$117M (+5%); Professional Services −$10.0M (-5%). Operating margin 11.8% against 13.3% (-1.5 pts).
Workday, Q2 FY27: revenue $2.6B (+13% year over year), operating margin 11.8%, net earnings $632M, operating cash flow $519M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Operating margin | 11.8% | 13.3% | -1.5 pts |
| Net margin | 23.9% | 8.7% | +15.1 pts |
| Free cash flow margin | 17.4% | 24.2% | -6.9 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription services | $2.5B | $2.4B | $117M | +5% |
| Professional Services | $178M | $188M | −$10.0M | -5% |
| Revenue | $2.6B | $2.5B | $107M | +4% |
| Other income, net | $14.0M | $17.0M | −$3.0M | -18% |
| Operating profit | $313M | $338M | −$25.0M | -7% |
| Costs & expenses | $2.3B | $2.2B | $132M | +6% |
| Pre-tax earnings | $327M | $355M | −$28.0M | -8% |
| Research & development | $747M | $705M | $42.0M | +6% |
| Sales & marketing | $706M | $679M | $27.0M | +4% |
| General & admin | $231M | $216M | $15.0M | +7% |
| Other operating costs | $652M | $604M | $48.0M | +8% |
| Income tax benefit | $305M | −$133M | $438M | — |
| Net earnings | $632M | $222M | $410M | +185% |
| Operating cash sources | $1.2B | $722M | $462M | +64% |
| Depreciation & amortization | $90.0M | $91.0M | −$1.0M | -1% |
| Share-based compensation | $462M | $409M | $53.0M | +13% |
| Working capital & other | $665M | $26.0M | $639M | 26× |
| Operating cash flow | $519M | $696M | −$177M | -25% |
| Free cash flow (OCF − capex) | $460M | $616M | −$156M | -25% |
| Capital expenditures | $59.0M | $80.0M | −$21.0M | -26% |
Questions
How much did Workday's revenue grow quarter over quarter in Q2 FY27?
Workday's revenue rose $107M (+4%) from $2.5B in Q1 FY27 to $2.6B in Q2 FY27.
What drove Workday's revenue change in Q2 FY27?
Subscription services +$117M (+5%); Professional Services −$10.0M (-5%).