Filing Flows › Workday (WDAY) › Q2 FY27 › vs Q2 FY26
Workday (WDAY) Q2 FY27 vs Q2 FY26 (year over year)
Workday's revenue rose $301M (+13%) from $2.3B in Q2 FY26 to $2.6B in Q2 FY27. The biggest changes: Subscription services +$302M (+14%); Professional Services −$1.0M (-0.6%). Operating margin 11.8% against 10.6% (+1.3 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 11.8% | 10.6% | +1.3 pts |
| Net margin | 23.9% | 9.7% | +14.1 pts |
| Free cash flow margin | 17.4% | 25.0% | -7.7 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Subscription services | $2.5B | $2.2B | $302M | +14% |
| Professional Services | $178M | $179M | −$1.0M | -0.6% |
| Revenue | $2.6B | $2.3B | $301M | +13% |
| Other income, net | $14.0M | $56.0M | −$42.0M | -75% |
| Operating profit | $313M | $248M | $65.0M | +26% |
| Costs & expenses | $2.3B | $2.1B | $236M | +11% |
| Pre-tax earnings | $327M | $304M | $23.0M | +8% |
| Research & development | $747M | $660M | $87.0M | +13% |
| Sales & marketing | $706M | $641M | $65.0M | +10% |
| General & admin | $231M | $216M | $15.0M | +7% |
| Other operating costs | $652M | $583M | $69.0M | +12% |
| Income tax benefit | $305M | −$76.0M | $381M | — |
| Net earnings | $632M | $228M | $404M | +177% |
| Operating cash sources | $1.2B | $700M | $484M | +69% |
| Depreciation & amortization | $90.0M | $80.0M | $10.0M | +12% |
| Share-based compensation | $462M | $392M | $70.0M | +18% |
| Working capital & other | $665M | $84.0M | $581M | +692% |
| Operating cash flow | $519M | $616M | −$97.0M | -16% |
| Free cash flow (OCF − capex) | $460M | $588M | −$128M | -22% |
| Capital expenditures | $59.0M | $28.0M | $31.0M | +111% |
Questions
How much did Workday's revenue grow year over year in Q2 FY27?
Workday's revenue rose $301M (+13%) from $2.3B in Q2 FY26 to $2.6B in Q2 FY27.
What drove Workday's revenue change in Q2 FY27?
Subscription services +$302M (+14%); Professional Services −$1.0M (-0.6%).