Sifting through countless of stocks in the Software industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Workday, Inc. or AppLovin Corporation because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Workday, Inc. and AppLovin Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Workday, Inc. and AppLovin Corporation

Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company offers a suite of financial management applications to maintain accounting information; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; perform financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. It also provides spend management solutions that help organizations to streamline supplier selection and contract management, build and execute sourcing events, such as requests for proposals, and manage indirect spend; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; Workday Extend for customers and their developers to build custom applications. The company serves the professional and business services, financial services, healthcare, manufacturing, media, education, government, technology, media, retail, and hospitality industries. It sells its solutions through its direct sales organization. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.

AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher’s advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.

Latest Software and Workday, Inc., AppLovin Corporation Stock News

As of September 1, 2026, Workday, Inc. had a $47.8 billion market capitalization, compared to the Software median of $1.1 million. Workday, Inc.’s stock is down 6.5% in 2026, up 5.3% in the previous five trading days and down 14.05% in the past year.

Currently, Workday, Inc.’s price-earnings ratio is 40.9. Workday, Inc.’s trailing 12-month revenue is $10.2 billion with a 12.3% net profit margin. Year-over-year quarterly sales growth most recently was 12.8%. Analysts expect adjusted earnings to reach $11.062 per share for the current fiscal year. Workday, Inc. does not currently pay a dividend.

As of September 1, 2026, AppLovin Corporation had a $104.3 billion market cap, putting it in the 97th percentile of all stocks. AppLovin Corporation’s stock is down 52.7% in 2026, up 3.6% in the previous five trading days and down 34.86% in the past year.

Currently, AppLovin Corporation’s price-earnings ratio is 24.0. AppLovin Corporation’s trailing 12-month revenue is $6.8 billion with a 64.6% net profit margin. Year-over-year quarterly sales growth most recently was 52.8%. Analysts expect adjusted earnings to reach $16.755 per share for the current fiscal year. AppLovin Corporation does not currently pay a dividend.

How We Compare Workday, Inc. and AppLovin Corporation Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Workday, Inc. and AppLovin Corporation’s stock grades to see how they measure up against one another.

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Workday, Inc. and AppLovin Corporation’s Quality Grades

Company	Ticker	Quality
Workday, Inc.	WDAY	A
AppLovin Corporation	APP	A

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Workday, Inc. has a Quality Score of 97, which is Very Strong. AppLovin Corporation has a Quality Score of 98, which is Very Strong.

The Quality Grade Winner: It’s a Tie!

Looking at the Quality Grade breakdown above, both Workday, Inc. and AppLovin Corporation have a grade of A. For investors who focus solely on a company’s overall quality, you will need to conduct further research into both companies to see if they are a good fit for your portfolio. As a good rule of thumb, you should always analyze multiple factors based on a wide range of metrics before choosing a company to invest in.

Workday, Inc. and AppLovin Corporation’s Momentum Grades

Company	Ticker	Momentum
Workday, Inc.	WDAY	B
AppLovin Corporation	APP	F

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Workday, Inc. has a Momentum Score of 63, which is Strong. AppLovin Corporation has a Momentum Score of 14, which is Very Weak.

The Momentum Grade Winner: Workday, Inc.

As you can clearly see from the Momentum Grade breakdown above, Workday, Inc. is considered to have stronger momentum compared to AppLovin Corporation. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, Workday, Inc. could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Workday, Inc. and AppLovin Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Workday, Inc.	WDAY	B
AppLovin Corporation	APP	C

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Workday, Inc. has a Earnings Estimate Score of 62, which is Positive. AppLovin Corporation has a Earnings Estimate Score of 55, which is Neutral.

The Earnings Estimate Revisions Grade Winner: Workday, Inc.

As you can clearly see from the Earnings Estimate Revisions Grade breakdown above, Workday, Inc. has a better Earnings Estimate Revisions Grade than AppLovin Corporation. For those who are specifically looking for companies with better short-term prospects when compared to other companies in the same industry, Workday, Inc. could be a good stock to invest in. However, it’s important to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Workday, Inc. and AppLovin Corporation Grades

In addition to Momentum, Estimate Revisions and Quality, A+ Investor also provides grades for Value and Growth.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Workday, Inc. and AppLovin Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Workday, Inc. or AppLovin Corporation Stock?

Overall, Workday, Inc. stock has a Momentum Score of 63, Estimate Revisions Score of 62 and Quality Score of 97.

AppLovin Corporation stock has a Momentum Score of 14, Estimate Revisions Score of 55 and Quality Score of 98.

Comparing Workday, Inc. and AppLovin Corporation’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.