Oracle vs Workday
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The short version
- Oracle is the larger business, with $67.4B of revenue in fiscal 2026 against $9.6B for Workday, about 7.1 times as much.
- Oracle grew revenue faster (17.4%, against 13.1%).
- Oracle kept more of each dollar of sales as operating profit (30.6% operating margin, against 7.6%).
- Workday turned more of its sales into free cash flow (29.1% FCF margin, against −35.2%).
- Oracle earned a higher return on the capital invested in it (14.2%, against 10.6%).
- Investors pay more for each dollar of Workday’s earnings: a P/E of 42.5x against 19.8x for Oracle.
| Latest fiscal year | ORCL · FY26 | WDAY · FY26 |
|---|---|---|
| Size | ||
| Market cap | $378.5B | $51.7B |
| Revenue | $67.4B | $9.6B |
| Free cash flow | −$23.7B | $2.8B |
| Net income | $17.1B | $693M |
| Growth | ||
| Revenue growth | 17.4% | 13.1% |
| 5-year growth | 10.7% | 17.2% |
| Share count change | 1.7% | −0.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 30.6% | 7.6% |
| Net margin | 25.4% | 7.3% |
| FCF margin | −35.2% | 29.1% |
| Return on capital | 14.2% | 10.6% |
| Return on equity | 54.3% | 8.2% |
| Balance sheet | ||
| Net debt | $105.3B | −$2.5B |
| Net debt / EBITDA | 3.5x | −2.6x |
| Dividends and buybacks | $5.9B | $2.9B |
| Valuation & quality | ||
| P/E | 19.8x | 42.5x |
| Piotroski F-score | 5 | 7 |
FY17
ORCL $37.8B
WDAY $1.6B
FY18
ORCL $39.4B
WDAY $2.1B
FY19
ORCL $39.5B
WDAY $2.8B
FY20
ORCL $39.1B
WDAY $3.6B
FY21
ORCL $40.5B
WDAY $4.3B
FY22
ORCL $42.4B
WDAY $5.1B
FY23
ORCL $50.0B
WDAY $6.2B
FY24
ORCL $53.0B
WDAY $7.3B
FY25
ORCL $57.4B
WDAY $8.4B
FY26
ORCL $67.4B
WDAY $9.6B
ORCL
WDAY
FY17
ORCL 34.2%
WDAY −22.4%
FY18
ORCL 33.7%
WDAY −14.2%
FY19
ORCL 34.3%
WDAY −16.4%
FY20
ORCL 35.6%
WDAY −13.9%
FY21
ORCL 37.6%
WDAY −5.8%
FY22
ORCL 25.7%
WDAY −2.3%
FY23
ORCL 26.2%
WDAY −3.6%
FY24
ORCL 29.0%
WDAY 2.5%
FY25
ORCL 30.8%
WDAY 4.9%
FY26
ORCL 30.6%
WDAY 7.6%
ORCL
WDAY
FY17
ORCL $12.1B
WDAY $230M
FY18
ORCL $13.7B
WDAY $324M
FY19
ORCL $12.9B
WDAY $404M
FY20
ORCL $11.6B
WDAY $621M
FY21
ORCL $13.8B
WDAY $1.0B
FY22
ORCL $5.0B
WDAY $1.4B
FY23
ORCL $8.5B
WDAY $1.3B
FY24
ORCL $11.8B
WDAY $1.9B
FY25
ORCL −$394M
WDAY $2.2B
FY26
ORCL −$23.7B
WDAY $2.8B
ORCL
WDAY
FY17
ORCL 14.0%
WDAY —
FY18
ORCL 11.3%
WDAY —
FY19
ORCL 32.0%
WDAY −16.4%
FY20
ORCL 28.5%
WDAY −18.3%
FY21
ORCL 35.8%
WDAY −11.8%
FY22
ORCL —
WDAY −5.4%
FY23
ORCL 45.0%
WDAY −6.8%
FY24
ORCL 16.4%
WDAY 6.4%
FY25
ORCL 16.3%
WDAY 9.4%
FY26
ORCL 14.2%
WDAY 10.6%
ORCL
WDAY
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.