Workiva (NYSE:WK) Issues Earnings Results, Beats Expectations By $0.13 EPS

Workiva (NYSE:WK) announced its quarterly earnings data on Tuesday. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.13, FiscalAI reports. The firm had revenue of $255.29 million during the quarter, compared to analysts’ expectations of $251.16 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The company’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. Workiva updated its FY 2026 guidance to 3.380-3.390 EPS and its Q3 2026 guidance to 0.790-0.820 EPS.

Here are the key takeaways from Workiva’s conference call:

• Q2 revenue and retention exceeded expectations: Total revenue rose 19% year over year to $255 million, while subscription revenue also grew 19% and beat the high end of guidance. Gross retention reached 97% and net retention was 111%, above the company’s 110% target.
• Profitability and cash-flow outlook improved significantly: Non-GAAP operating margin was 16.8%, a 1,300-basis-point year-over-year improvement, prompting Workiva to raise its full-year margin outlook to approximately 18% and free cash flow margin outlook to approximately 21%. The company expects to reach its previously stated 2027 margin target one year early.
• Enterprise expansion remained strong: Contracts above $300,000 and $500,000 annually grew 34% and 33%, respectively, while 76% of subscription revenue came from customers using multiple solutions. Management highlighted wins and expansions across financial reporting, financial services, GRC, sustainability, and capital markets.
• AI capabilities are being integrated into premium offerings: New agents for sustainability disclosures, financial tie-outs, and peer benchmarking, along with the MCP Gateway and custom knowledge bases, are designed to provide governed and auditable AI workflows. Management said premium-tier adoption has shown “excellent traction,” supporting potential upsell and monetization.
• Deal execution remains subject to increased customer scrutiny: Management said sales cycles have recently shortened, but deals face more approvers and greater legal rigor. Full-year guidance assumes largely stable foreign-exchange rates, while some Q2 services outperformance from annual 11-K filings is not expected to repeat in the second half.

Workiva Stock Performance

NYSE WK opened at $61.15 on Wednesday. The firm’s fifty day moving average price is $51.82 and its two-hundred day moving average price is $57.95. The stock has a market cap of $3.43 billion, a PE ratio of 265.87 and a beta of 0.46. Workiva has a fifty-two week low of $43.34 and a fifty-two week high of $97.10.

Key Headlines Impacting Workiva

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Workiva reported second-quarter EPS of $0.77, above the $0.64 analyst consensus and up substantially from $0.19 a year earlier. Revenue reached $255.3 million, exceeding the $251.2 million estimate and increasing 18.6% year over year. Workiva Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management issued third-quarter EPS guidance of $0.79-$0.82, well above the $0.57 consensus estimate. Revenue guidance of $260 million-$262 million is approximately in line with expectations, suggesting the earnings upside is being driven more by margins and operating performance than by higher sales forecasts. Workiva Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Full-year 2026 EPS guidance was set at $3.38-$3.39, far above the $2.51 analyst consensus, while revenue guidance is approximately $1 billion. On the earnings call, executives highlighted strong financial performance, 19% growth in subscription and total revenue, and continued demand for Workiva’s platform among finance leaders adopting AI. Workiva Q2 2026 Earnings Call Transcript

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WK. Stephens reaffirmed an “overweight” rating and issued a $68.00 price target on shares of Workiva in a research note on Tuesday, May 26th. BTIG Research reduced their price target on shares of Workiva from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings cut shares of Workiva from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 22nd. Raymond James Financial restated an “outperform” rating and set a $85.00 price objective on shares of Workiva in a research report on Wednesday, May 6th. Finally, Robert W. Baird set a $74.00 price target on Workiva in a research note on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.67.

Insider Buying and Selling at Workiva

In related news, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the sale, the director owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.77% of the stock is currently owned by company insiders.

Institutional Trading of Workiva

Several hedge funds and other institutional investors have recently made changes to their positions in WK. Invesco Ltd. raised its holdings in Workiva by 2.7% in the 4th quarter. Invesco Ltd. now owns 41,770 shares of the software maker’s stock valued at $3,603,000 after buying an additional 1,082 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Workiva by 86.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,584 shares of the software maker’s stock valued at $1,344,000 after purchasing an additional 7,228 shares during the period. Vident Advisory LLC bought a new position in Workiva during the 4th quarter worth $455,000. Fuller & Thaler Asset Management Inc. lifted its holdings in Workiva by 11.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 893,859 shares of the software maker’s stock worth $77,095,000 after buying an additional 91,808 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Workiva by 8.2% in the 4th quarter. Empowered Funds LLC now owns 6,775 shares of the software maker’s stock valued at $584,000 after buying an additional 512 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.