Workday Income Statement Research

WDAY Stock  USD 252.22  3.42  1.34%   
Most accounts from Workday's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Workday current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Workday Valuation and Workday Correlation analysis.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
  
At this time, Workday's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 5.6 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 163.3 M in 2024.
Most accounts from Workday's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Workday current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Workday Valuation and Workday Correlation analysis.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.At this time, Workday's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 5.6 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 163.3 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.7B4.5B5.5B5.8B
Total Revenue5.1B6.2B7.3B7.6B

Workday income statement Correlations

0.660.820.820.820.810.85-0.1-0.10.870.440.870.850.030.360.12-0.180.130.63-0.180.280.20.92-0.13
0.660.90.90.890.890.890.260.260.890.630.880.90.350.50.57-0.670.580.68-0.670.80.70.69-0.68
0.820.91.01.01.01.00.320.320.990.760.991.00.460.690.6-0.660.620.86-0.660.750.690.88-0.66
0.820.91.01.01.01.00.350.350.990.780.991.00.480.690.61-0.660.630.86-0.670.760.70.88-0.67
0.820.891.01.01.01.00.370.370.990.81.01.00.50.70.62-0.660.630.87-0.660.760.70.89-0.66
0.810.891.01.01.00.990.390.390.990.810.991.00.520.720.65-0.680.660.87-0.690.780.720.88-0.68
0.850.891.01.01.00.990.30.31.00.761.01.00.430.670.57-0.620.580.85-0.620.720.660.9-0.62
-0.10.260.320.350.370.390.31.00.270.840.290.310.970.650.88-0.750.870.56-0.750.710.750.19-0.71
-0.10.260.320.350.370.390.31.00.270.840.290.310.970.650.88-0.750.870.56-0.750.710.750.19-0.71
0.870.890.990.990.990.991.00.270.270.731.01.00.40.660.54-0.60.550.83-0.60.70.630.91-0.6
0.440.630.760.780.80.810.760.840.840.730.750.760.90.80.87-0.80.880.85-0.80.820.820.67-0.78
0.870.880.990.991.00.991.00.290.291.00.751.00.420.660.54-0.590.560.85-0.590.690.630.92-0.59
0.850.91.01.01.01.01.00.310.311.00.761.00.440.680.58-0.630.590.85-0.630.730.670.9-0.63
0.030.350.460.480.50.520.430.970.970.40.90.420.440.80.94-0.830.930.68-0.830.780.840.3-0.79
0.360.50.690.690.70.720.670.650.650.660.80.660.680.80.86-0.840.860.81-0.840.780.840.51-0.79
0.120.570.60.610.620.650.570.880.880.540.870.540.580.940.86-0.971.00.7-0.970.930.960.33-0.92
-0.18-0.67-0.66-0.66-0.66-0.68-0.62-0.75-0.75-0.6-0.8-0.59-0.63-0.83-0.84-0.97-0.97-0.661.0-0.96-0.98-0.330.93
0.130.580.620.630.630.660.580.870.870.550.880.560.590.930.861.0-0.970.7-0.970.930.970.34-0.92
0.630.680.860.860.870.870.850.560.560.830.850.850.850.680.810.7-0.660.7-0.660.760.740.79-0.66
-0.18-0.67-0.66-0.67-0.66-0.69-0.62-0.75-0.75-0.6-0.8-0.59-0.63-0.83-0.84-0.971.0-0.97-0.66-0.96-0.98-0.330.93
0.280.80.750.760.760.780.720.710.710.70.820.690.730.780.780.93-0.960.930.76-0.960.980.45-0.93
0.20.70.690.70.70.720.660.750.750.630.820.630.670.840.840.96-0.980.970.74-0.980.980.37-0.94
0.920.690.880.880.890.880.90.190.190.910.670.920.90.30.510.33-0.330.340.79-0.330.450.37-0.36
-0.13-0.68-0.66-0.67-0.66-0.68-0.62-0.71-0.71-0.6-0.78-0.59-0.63-0.79-0.79-0.920.93-0.92-0.660.93-0.93-0.94-0.36
Click cells to compare fundamentals

Workday Account Relationship Matchups

Workday income statement Accounts

201920202021202220232024 (projected)
Interest Expense58.7M68.8M16.6M102.4M114M119.7M
Total Revenue3.6B4.3B5.1B6.2B7.3B7.6B
Gross Profit2.6B3.1B3.7B4.5B5.5B5.8B
Operating Income(502.2M)(248.6M)(116.5M)(222.2M)183M192.2M
Ebit(502.2M)(248.6M)(116.5M)(222.2M)183M192.2M
Research Development1.5B1.7B1.9B2.3B2.5B2.6B
Ebitda(226.0M)45.1M227.3M142.2M465M488.3M
Cost Of Revenue1.1B1.2B1.4B1.7B1.8B1.9B
Income Before Tax(482.4M)(275.1M)16.2M(260.0M)356M373.8M
Net Income(480.7M)(282.4M)29.4M(366.7M)1.4B1.5B
Income Tax Expense(1.8M)7.3M(13.2M)106.8M(1.0B)(973.8M)
Tax Provision(1.8M)7.3M(13.2M)106.8M(1.0B)(973.8M)
Interest Income41.3M18.8M5.6M97.7M301M316.1M
Net Interest Income(17.4M)(50.0M)(11.0M)(4.6M)187M196.4M

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When determining whether Workday offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Workday's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Workday Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Workday Stock:
Check out Workday Valuation and Workday Correlation analysis.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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Is Workday's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workday. If investors know Workday will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
5.22
Revenue Per Share
27.776
Quarterly Revenue Growth
0.168
Return On Assets
0.0076
Return On Equity
0.2021
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workday's market value can be influenced by many factors that don't directly affect Workday's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workday is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.