Workday, Inc.
Close on Nov 2, 2026Market cap $47.75BP/E 40.2Yield –
Workday 24-month subscription revenue backlog by Year
24-month subscription revenue backlog — RPO expected to be recognized within 24 months (period end) ($M)
Workday 24-month subscription revenue backlog: $15,800M in 2026, up 16.2% from a year earlier.
Where the 2026 figure comes from
“As of January 31, 2026, approximately $ 28.1 billion of revenues are expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenues on approximately $ 8.8 billion and $ 15.8 billion of these remaining performance obligations over the next 12 and 24 months”
Source: Workday Form 10-K, filed 2026-03-06 ↗
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; $15,800M at Q4 FY2026).
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | 24-month subscription revenue backlog — RPO expected to be recognized within 24 months (period end) ($M) | Year on year | Source |
|---|---|---|---|---|
| 2026 | Jan 31, 2026 | 15,800 | +16.2% | Workday Form 10-K, filed 2026-03-06 ↗ |
| 2025 | Jan 31, 2025 | 13,600 | +16.2% | Workday Form 10-K, filed 2025-03-11 ↗ |
| 2024 | Jan 31, 2024 | 11,700 | +20.9% | Workday Earnings release (Form 8-K, Item 2.02), filed 2024-02-26 ↗ |
| 2023 | Jan 31, 2023 | 9,680 | +21.3% | Workday Investor Relations (workday-fiscal-2023-fourth-quarter-investor-presentation.pdf) ↗ |
| 2022 | Jan 31, 2022 | 7,980 | +22.2% | Workday Earnings release (Form 8-K, Item 2.02), filed 2022-02-28 ↗ |
| 2021 | Jan 31, 2021 | 6,530 | +19.2% | Workday Earnings release (Form 8-K, Item 2.02), filed 2021-02-25 ↗ |
| 2020 | Jan 31, 2020 | 5,480 | – | Workday Form 10-K, filed 2020-03-03 ↗ |
Breakdown
What makes up 24-month subscription revenue backlog
Cite this data
StockData. (2026). Workday 24-month subscription revenue backlog ($M), annual 2020–2026 [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.