Filing Flows › Workday (WDAY) › Q3 FY26
Workday (WDAY) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 26, 2025
Workday (WDAY) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and +4% from the quarter before. Operating margin was 10.6%, net earnings $252M (10.4% of revenue).
Workday, Q3 FY26: revenue $2.4B (+13% year over year), operating margin 10.6%, net earnings $252M, operating cash flow $588M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | +4% | +13% |
| Operating profit | $259M | +4% | +57% |
| Net earnings | $252M | +11% | +31% |
| Operating cash flow | $588M | -5% | +45% |
| Free cash flow | $550M | -6% | +53% |
What changed
Revenue was $2.4B in Q3 FY26, up 13% year over year and up 4% from the previous quarter. Subscription services was the largest line at 92% of revenue. Subscription services added $0.28B year over year (up 15%), 105% of the total change. Professional Services declined 6%.
Operating profit was $0.26B, a 10.6% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 35% reached operating profit, above the 8% margin then. Total costs grew 9% against revenue growth of 13%. The fastest-growing cost line was General & admin (+18%). Net earnings were $0.25B, up 31% year over year. The effective tax rate was 25.4%. Non-operating items added $0.08B, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.59B (up 45% year over year), 233% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.38B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.04B left free cash flow of $0.55B.
Questions
What was Workday's revenue in the third quarter fiscal 2026?
Workday (WDAY) reported revenue of $2.4B for the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier and +4% from the quarter before.
Was Workday profitable in the third quarter fiscal 2026?
Operating profit was $259M (10.6% of revenue) and net earnings $252M.
Source: Workday 10-Q on SEC EDGAR.