Workday, Inc. WDAY
Revenue Intelligence Report • 47 quarters of SEC filing data • Updated 2026-03-06
Workday, Inc. demonstrates a strong revenue growth model driven primarily by its strategic investments in sales, general, and administrative expenses, which yield a notable 0.59% increase in revenue for every 1% spent. While research and development spending has a less favorable impact, with a -0.11% elasticity, the overall return on investment from SG&A expenditures significantly enhances revenue performance. With a solid quarterly revenue of $2.432 billion and a fiscal year forecast projecting $10 billion in revenue, reflecting an 11.1% year-over-year growth, the company is well-positioned for continued success. The model's accuracy, evidenced by a mere 0.5% error in holdout testing, further reinforces investor confidence in Workday's financial outlook.
Revenue Forecast
Quarterly Detail
| Quarter | Model Forecast | Actual | 95% Range | YoY Growth | Status |
|---|---|---|---|---|---|
| Q4 2025 | $2B | $2B | $2B – $2B | +12.0% | ✓ In range |
| Q1 2026 | $2B | $2B – $3B | +11.2% | ||
| Q2 2026 | $3B | $2B – $3B | +12.9% | ||
| Q3 2026 | $3B | $2B – $3B | +10.9% | ||
| Q4 2026 | $3B | $2B – $3B | +9.6% |
How Spending Drives Revenue
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