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Oct 31, 2024

Workday Q3 2025 Earnings Report

Workday's Q3 2025 financial results were announced, with total revenues of $2.160 billion, up 15.8% year over year, and subscription revenues of $1.959 billion, also up 15.8% year over year.

Key Takeaways

Workday announced solid Q3 2025 results, demonstrating growth in total revenues and subscription revenues, alongside increased operating income and diluted net income per share. The company also updated its full-year fiscal 2025 subscription revenue guidance to $7.703 billion, representing 17% growth.

Total revenues increased by 15.8% year-over-year to $2.160 billion.

Subscription revenues also grew by 15.8% year-over-year to $1.959 billion.

Diluted net income per share rose to $0.72, compared to $0.43 in the same period last year.

The company updated its fiscal 2025 subscription revenue guidance to $7.703 billion, representing 17% growth.

Total Revenue
$2.16B
Previous year: $1.85B
+16.8%
EPS
$1.89
Previous year: $1.53
+23.5%
Subscription Revenue Backlog
$22.2B
Previous year: $18.5B
+20.3%
Gross Profit
$1.63B
Previous year: $1.4B
+16.0%
Cash and Equivalents
$1.31B
Previous year: $1.56B
-16.2%
Free Cash Flow
$359M
Previous year: $391M
-8.1%
Total Assets
$16.4B
Previous year: $13.9B
+17.9%

Workday

Workday

Workday Revenue by Segment

Forward Guidance

Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Subscription revenue of $2.025 billion, representing growth of 15% and Non-GAAP operating margin of 25.0%. Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: Subscription revenue of $7.703 billion, representing growth of 17% and Non-GAAP operating margin of 25.5%.

Positive Outlook

  • Subscription revenue of $2.025 billion, representing growth of 15% for Q4 2025
  • Non-GAAP operating margin of 25.0% for Q4 2025
  • Subscription revenue of $7.703 billion, representing growth of 17% for fiscal year 2025
  • Non-GAAP operating margin of 25.5% for fiscal year 2025

Revenue & Expenses

Visualization of income flow from segment revenue to net income