Filing Flows › Comparisons › WDAY vs TOST
Workday vs Toast: WDAY and TOST compared
Workday is the larger company: $2.6B of revenue in its latest quarter (Q2 FY27) against $2.0B for Toast (Q3 2026). Toast is growing faster (+21% against +13% a year earlier). Workday is more profitable, with an operating margin of 11.8% against 8.3%.
Where the money goes: WDAY and TOST
Workday (WDAY) · Q2 FY27
Workday, Q2 FY27: revenue $2.6B (+13% year over year), operating margin 11.8%, net earnings $632M, operating cash flow $519M. The chart follows the revenue to costs, profit and cash.
Toast (TOST) · Q3 2026
Toast, Q3 2026: revenue $2.0B (+21% year over year), operating margin 8.3%, net earnings $169M, operating cash flow $198M. The chart follows the revenue to costs, profit and cash.
| Workday (WDAY) | Toast (TOST) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $2.6B | $2.0B |
| Revenue growth, Y/Y | +13% | +21% |
| Gross margin | — | 27.4% |
| Operating margin | 11.8% | 8.3% |
| Net earnings | $632M | $169M |
| Net margin | 23.9% | 8.5% |
| Operating cash flow | $519M | $198M |
| Free cash flow | $460M | $181M |
| Market value | $47.5B | $20.7B |
| P/E | 38.0× | 37.6× |
| Analysts’ mean target | $209.25 | $38.81 |
Where the revenue comes from
Workday
- Subscription services: $2.5B (93%)
- Professional Services: $178M (7%)
Toast
- Financial technology solutions: $1.6B (82%)
- Subscription services: $317M (16%)
- Hardware and professional services: $45.0M (2%)
Questions
Which is bigger, Workday or Toast?
Workday is the larger company: $2.6B of revenue in its latest quarter (Q2 FY27) against $2.0B for Toast (Q3 2026).
Is Workday or Toast growing faster?
Toast is growing faster (+21% against +13% a year earlier).
Which is more profitable, Workday or Toast?
Workday is more profitable, with an operating margin of 11.8% against 8.3%.
More: Workday earnings · how Workday makes money · Toast earnings · how Toast makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.