Lattice vs Workday: Revenue, Profit and Business Model
Lattice does not publish annual revenue. Workday reported $9.6B of revenue in FY2026 and $693M of net income.
Latest financial snapshot
Financial summary
Lattice
Lattice is privately held and does not publish revenue, profit, or ARR. Its disclosed funding history includes a $60 million Series E in March 2021 that made it a unicorn and a $175 million Series F in January 2022 from Thrive Capital, Elad Gil, Tiger Global and Dragoneer at a $3 billion valuation. No later priced round has been announced, so the $3 billion figure reflects 2022 private-market conditions rather than a current market value. Revenue comes from annual per-employee subscriptions, so growth depends on adding customers, selling more modules, and customers' own headcount.
Workday
Workday reported fiscal 2026 revenue of $9.552B, up 13.1%, with subscription revenue of $8.833B, up 14.5%. GAAP operating income was $721M after $303M of restructuring costs, and GAAP net income was $693M, or $2.59 per diluted share. In Q2 fiscal 2027 (quarter ended July 31, 2026), revenue rose 12.8% to $2.649B and subscription revenue rose 13.9% to $2.471B. GAAP operating margin was 11.8% and non-GAAP operating margin was 31.1%. Diluted EPS of $2.57 included a one-time $1.52 per share tax benefit from an internal IP transfer. The company bought back about $1.3B of stock in the quarter and the board added a $4.0B repurchase authorization.
Revenue and profit by year
Lattice
Lattice does not publish annual revenue. What is known about its finances is in the summary above.
Full Lattice financialsWorkday
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $9.6B | $693M | 7.3% | +13.1% | Source |
| FY2025 | $8.4B | $526M | 6.2% | +16.4% | Source |
| FY2024 | $7.3B | $1.4B | 19.0% | +16.8% | Source |
| FY2023 | $6.2B | -$367M | -5.9% | +21.0% | Source |
| FY2022 | $5.1B | $29M | 0.6% | +19.0% | Source |
| FY2021 | $4.3B | -$282.4M | -6.5% | +19.0% | Source |
| FY2020 | $3.6B | -$480.7M | -13.3% | +28.5% | Source |
| FY2019 | $2.8B | -$418.3M | -14.8% | +31.7% | Source |
| FY2018 | $2.1B | -$321.2M | -15.0% | — | Source |
Where the revenue comes from
Lattice
No segment breakdown is published.
Workday
- Subscription services
About 92% of fiscal 2026 revenue
Recurring fees for HCM, Financial Management, planning, payroll, learning, and AI products; $8.833B in fiscal 2026.
- Professional services
About 8% of fiscal 2026 revenue
Deployment, training, and advisory services that support customer implementations.
Business model and strategy
Lattice
How it makes money
Lattice operates a pure B2B SaaS (Software as a Service) subscription model. They charge companies a monthly fee per employee. The platform is a large, unified suite covering the entire 'People Success' lifecycle. 1. Performance Management: The large core (360-degree reviews, 1-on-1 meeting tracking). 2. Goals (OKRs): Aligning individual employee goals with large corporate objectives. 3.
Growth strategy
Having dominated the tech sector and mid-market, Lattice's large growth strategy is aggressive expansion into the 'Enterprise' and heavily integrating Artificial Intelligence. They are building highly complex, heavily compliant features to steal large Fortune 500 clients away from legacy HR leaders.
Competitive advantage
Lattice's absolute competitive advantage is its large superiority in User Experience (UX) and its deep, cultural alignment with modern management philosophy. Legacy HR software (like Workday) was built purely for the HR compliance department; employees hate using it. Lattice was explicitly designed for the *employee and the manager*.
Workday
How it makes money
Most of Workday's revenue comes from multi-year cloud subscriptions. In fiscal 2026, subscription revenue was $8.833B of $9.552B total, about 92%. The rest is professional services: deployment, training, and advisory work, much of which is handled alongside implementation partners. Customers usually start with HCM or Financial Management and later add planning, payroll, recruiting, learning, and AI agent products.
Growth strategy
Workday is pushing AI agents built on its HR and finance data, adding integration and learning capabilities through acquisitions (Paradox, Sana, Pipedream), selling Financial Management into its HCM base, and expanding industry-specific offerings. It is pairing that with cost cuts and large share buybacks.
Competitive advantage
Workday's main advantage is a single data model shared across HR, payroll, finance, and planning, which it has run as a multi-tenant cloud service from the start. That gives AI agents clean access to employee and financial records, and Workday argues its agents are safer because they act through the same business-process rules and permissions as human users.
Questions about Lattice vs Workday
Which company has higher revenue — Lattice or Workday, Inc.?
Workday, Inc. reported $9.6B (FY2026). A verified revenue figure for Lattice was not available at the time of this comparison.
What is the market cap of Lattice vs Workday, Inc.?
Lattice's market capitalisation stands at $3.0B, while Workday, Inc.'s is $51.0B. Workday, Inc. carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Lattice.
Which is more financially efficient — Lattice or Workday, Inc.?
Workday, Inc. generates $453k / employee in revenue per employee. A comparable figure for Lattice requires matching employee and revenue data from the same reporting period.
How do Lattice and Workday, Inc. make money?
Lattice and Workday, Inc. generate revenue in fundamentally different ways. Lattice: Lattice operates a pure B2B SaaS (Software as a Service) subscription model. Workday, Inc.: Most of Workday's revenue comes from multi-year cloud subscriptions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Lattice vs Workday overview