EarningsQ2 2026 Earnings Report
MX:WK Q2 2026 EPS Results
Actual EPS$13.98
Consensus EPS$11.53
Beat/MissBeat by +$2.45
One Year Ago EPS$3.45
MX:WK Q2 2026 Revenue Results
Actual Revenue$4.64B
Expected Revenue$4.56B
Beat/MissBeat by +$75.04M
YoY Revenue Growth+18.64%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:WK Upcoming Earnings
Workiva's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:WK Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operating and financial wins: 19% revenue growth, substantial margin expansion (16.8% Q2; full-year guide to 18%), robust retention (NRR 111%), expansion of large contract cohorts, and active product innovation with AI-enabled agents and an enterprise AI gateway. Challenges noted were largely manageable or structural: one-time services tailwinds, increased procurement/legal rigor that may lengthen some deals, FX sensitivity, and early-stage monetization of new AI capabilities. The balance of evidence points to durable demand, improving productivity and an accelerating enterprise footprint.Company Guidance
Strong Revenue Growth
Q2 total revenue $255M, up 19% year-over-year and beat the high end of guidance by $3M. Subscription revenue $236M, up 19% year-over-year.
Material Margin Improvement and Raised Target
Q2 non-GAAP operating margin 16.8%, a 180 basis point beat vs. the high end of guidance and a 1,300 basis point improvement vs. Q2 2025. Full-year 2026 non-GAAP operating margin guidance raised to ~18%, achieving the company’s 2027 operating margin target a year early.
Guidance and Cash Flow Outlook
Q3 revenue guidance $260M–$262M; full-year 2026 revenue guidance $1.040B–$1.044B. Company raised 2026 free cash flow margin outlook to ~21% (up 100 basis points).
Large Contract Cohorts Expanded
Contracts >$100k: 2,690 (up 20% YoY). Contracts >$300k: 656 (up 34% YoY). Contracts >$500k: 276 (up 33% YoY) — signaling stronger enterprise adoption and larger ARR cohorts.
Retention and Customer Base Expansion
6,750 customers (+283 YoY). Gross retention 97% (vs. 96% target). Net retention rate 111% (above 110% target), indicating healthy expansion within the installed base.
Growing Remaining Performance Obligations
Current remaining performance obligations $789M, up 18% YoY (expected revenue to be recognized in the next 12 months).
Product and AI Innovation
Launched purpose-built AI agents (tie-out, sustainability disclosure, benchmarking), Workiva MCP Gateway for governed AI connectivity, and persistent custom knowledge bases. AI capabilities placed in premium tiers with early traction and positioned to improve productivity and audit-readiness.
Notable New Logos and Expansions
Multiple mid- and multi-6-figure new logos and expansions across banking, financial services, defense, energy and healthcare; supported marquee capital-markets clients including SpaceX, Cerebras and Quantinuum.
Strong Cash Position Despite Buybacks
Cash, cash equivalents and marketable securities $815M as of June 30, 2026. Company repurchased 2,492,000 shares for $123M this quarter and has repurchased $244M under a $350M program (remaining authorization $106M).
Professional Services Contribution
Professional services revenue $19M, up 12% YoY, driven by outperformance in XBRL services.
MX:WK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed