Workday, Inc.
Close on Nov 2, 2026Market cap $47.75BP/E 40.2Yield –
Workday 24-month subscription revenue backlog by Quarter
24-month subscription revenue backlog — RPO expected to be recognized within 24 months (period end) ($M)
Workday 24-month subscription revenue backlog: $16,000M in Q2 FY27, up 13.5% from a year earlier. That is the highest of the 31 quarters on record here.
Where the Q2 FY27 figure comes from
“As of July 31, 2026, approximately $ 27.4 billion of revenues are expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenues on approximately $ 9.0 billion and $ 16.0 billion of these remaining performance obligations over the next 12 and 24 months”
Source: Workday Form 10-Q, filed 2026-08-27 ↗
Even after shifting earnings release headlines from 24-month backlog to 12-month backlog in FY2025, Workday continues to report 24-month subscription revenue backlog in Note 14 of every Form 10-Q and 10-K ($16,000M at Q2 FY2027; $15,800M at Q4 FY2026).
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
Breakdown
What makes up 24-month subscription revenue backlog
Cite this data
StockData. (2026). Workday 24-month subscription revenue backlog ($M), quarterly Q3 FY19–Q2 FY27 [Data set]. Compiled from Workday SEC filings and investor materials. https://stockdatahq.com/stocks/wday/kpis/rpo-24m
See every metric in the Workday KPI table. Data updated Nov 2, 2026.