WDAY
Updated: 24/09/2026, 02:37:23
Workday, Inc. delivers comprehensive, cloud-hosted enterprise software solutions to clients worldwide. These platforms empower organizations to strategize, operate, examine performance, integrate with existing systems, and oversee their overall business functions. A core offering includes a robust suite of financial management tools. These are designed to assist Chief Financial Officers (CFOs) in meticulously maintaining general ledger accounting data, streamlining financial workflows, gaining instant insights into financial and operational metrics, optimizing consolidation, accelerating month-end closes, bolstering internal controls and audit readiness, and ensuring uniformity throughout their financial activities. Workday also provides cloud-based spend management solutions. These facilitate smoother supplier engagement and contract administration, optimize the handling of indirect expenditures, and enable the effective execution of sourcing initiatives, including requests for proposals (RFPs). Its Human Capital Management (HCM) platform stands out, offering a comprehensive set of applications for overseeing the entire employee journey—from initial recruitment through to retirement. This empowers HR departments to efficiently handle hiring, onboarding, payroll, talent development, reskilling programs, and to cultivate exceptional employee experiences. Furthermore, the company offers dedicated applications for business planning, alongside powerful analytics and reporting capabilities. These advanced tools feature augmented analytics that translate complex data into easily digestible narratives for business users, leverage machine learning for enhanced operational efficiency and automation, and provide benchmarking features to compare performance against industry peers. Workday's diverse clientele spans numerous sectors, including professional and business services, financial institutions, healthcare providers, educational bodies, government agencies, technology firms, media organizations, retailers, and the hospitality industry. Originally incorporated in 2005 as North Tahoe Power Tools, Inc., the company adopted the name Workday, Inc. in July of the same year. Its corporate headquarters are located in Pleasanton, California.
No summaries found.
Reported and calculated KPIs plus operational exposure disclosed in the FY 2026 filing.
Revenue
$9.6B
FY 2026 · Reported
Net income
$0.7B
FY 2026 · Reported
Gross margin
N/A
FY — · Reported
Free cash flow
$2.8B
FY 2026 · Calculated
R&D intensity
28.0%
FY 2026 · Calculated
Share repurchases
$2.9B
FY 2026 · Reported
| Product / service | Sales | Share of sales | YoY growth | By reported area |
|---|---|---|---|---|
total_revenues_fy2026_usd_millionsSource evidence“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026” | 9,552 | N/A | N/A | Not disclosed by product and area |
subscription_services_revenues_fy2026_usd_millionsSource evidence“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026” | 8,833 | N/A | N/A | Not disclosed by product and area |
total_revenues_fy2025_usd_millionsSource evidence“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026” | 8,446 | N/A | N/A | Not disclosed by product and area |
subscription_share_pctSource evidence“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026” | 92 | N/A | N/A | Not disclosed by product and area |
subscription_growth_pctSource evidence“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026” | 14 | N/A | N/A | Not disclosed by product and area |
total_revenue_growth_pctSource evidence“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026” | 13 | N/A | N/A | Not disclosed by product and area |
Other offerings mentioned without separate sales
Area-level product sales are displayed only when the filing reports a product × geography breakdown. Regional totals are not allocated across products by estimation.
Map layer
Pins show disclosed operations. The heatmap colors the filing’s reported geographies; regional figures shade the region and are not estimates for each country.
Pleasanton headquarters
Pleasanton, United States · Headquarters
ITEM 2.
United States
Pleasanton headquarters
ITEM 2.
Only locations and quantities explicitly supported by the filing are displayed. A country-level manufacturing percentage or product allocation is shown only when the source discloses it; materiality scores are never presented as production shares.
Company overview
Enterprise AI platform for HR, finance, and agents; 11,500+ organizations; 75M+ users; >65% of Fortune 500
“Workday is the enterprise AI platform for managing people, money, and agents. Workday provides more than 11,500 organizations with cloud solutions powered by artificial intelligence”
Subscription contract structure
Subscription contracts typically three years or longer, generally noncancelable, invoiced annually in advance
“Our subscription contracts typically have a term of three years or longer and are generally noncancelable. We generally invoice our customers annually in advance”
Customer industries
Diverse customer base across financial services, government, higher education, healthcare, hospitality, manufacturing, professional and business services, retail, technology and media, and transportation
“Our diverse customer base includes emerging, medium-sized, and large global organizations within numerous industries, including financial services, government, higher education, healthcare, hospitality, manufacturing, professional and business services, retail, technology and media, and transportation.”
Sales channels
Worldwide sales via direct field sales, referrals/co-selling partners, resellers, and Workday Marketplace
“We sell our solutions worldwide through direct sales by our field sales teams; through referrals and our co-selling partners; by reselling through partners; and over Workday Marketplace.”
Core solution families
Cloud applications for HCM, Financial Management, Spend Management, and Planning, plus professional services; new fiscal 2026 offerings include Workday Sana, Workday Build, and Workday Data Cloud
“Workday’s applications and solutions, including HCM, Financial Management, Spend Management, and Planning, address industry-specific needs and serve customers ranging in size from emerging and medium-sized enterprises to Fortune 500 and global companies.”
Product delivery model
Weekly product updates; Workday Build and Workday Data Cloud expected available fiscal 2027
“Workday delivers weekly product updates in addition to major feature releases throughout the year.”
Talent acquisition AI solutions
AI-powered talent acquisition: HiredScore AI for Recruiting, Candidate Experience Agent, Paradox Conversational Applicant Tracking System
“Workday’s AI-powered talent acquisition solutions, including HiredScore AI for Recruiting, Candidate Experience Agent, and Paradox Conversational Applicant Tracking System”
AI agents and Flex Credits pricing model
Workday AI agents (fiscal 2026), monetized in part via Flex Credits subscription-based flexible pricing
“In fiscal 2026, we introduced new Workday AI agents to accelerate hiring, enhance frontline worker experiences, simplify financial processes, and improve employee information access.”
Country revenue concentration
Other than the U.S., no country individually accounted for more than 10% of total revenues during fiscal 2026, 2025, or 2024
“Other than the United States (“U.S.”), no country individually accounted for more than 10% of total revenues during fiscal 2026, 2025, or 2024.”
Revenue mix fiscal 2026
FY2026 total revenues $9,552M (+13%); subscription services revenues $8,833M (+14%), ~92% of total revenues
“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026”
Cloud infrastructure suppliers
Applications hosted in third-party data centers in the U.S., Europe, Canada, and Asia-Pacific, including Amazon Web Services and Google Cloud and co-location data centers
“we host our applications in data centers operated by third parties located in the U.S., Europe, Canada, and the Asia-Pacific region. These data centers include third-party hosted infrastructure, including Amazon Web Services and Google Cloud, and co-location data centers.”
Headcount and restructuring
Headcount 21,070 (FY2026); ~7.5% workforce reduction (Feb 2025 plan), ~2% planned (Feb 2026 plan); $303M restructuring costs in FY2026
“The plan resulted in the reduction of approximately 7.5% of our workforce and the exit of certain owned office space. In February 2026, we announced an additional restructuring plan”
Fiscal 2026 business combinations
FY2026 acquisitions: Paradox ($1.1B, Sep 2025), Sana ($1.1B, Nov 2025), FlowiseAI, Pipedream — all AI capability expansion
“In September 2025, we acquired Paradox, a candidate experience agent that uses conversational AI to simplify every step of the job application journey, for purchase consideration of $1.1 billion, and in November 2025, we acquired Sana”
Macroeconomic impact on demand
Macro uncertainty (tariffs, inflation, rates, geopolitical instability) driving deal scrutiny and longer sales cycles, especially in government, higher education, and healthcare tied to federal funding
“The extended sales cycles are particularly evident in the government, higher education, and healthcare industries which are tied to federal funding.”
Strategic growth investments
Growth strategy: AI solutions, international expansion, partner ecosystem, industry verticals and emerging/medium enterprise, strategic acquisitions
“investing in strategic growth areas including developing innovative AI solutions, expanding internationally, growing our partner ecosystem, deepening our presence in industry verticals and the emerging and medium enterprise market, and exploring strategic acquisitions”
Margin expansion outlook
Operating margin expansion expected via scale and efficiencies; opex ratios to decline over the longer term
“we expect our product development, sales and marketing, and general and administrative expenses as a percentage of total revenues will decrease over the longer term”
Key metrics FY2026 vs FY2025
FY2026: GAAP op income $721M; non-GAAP op income $2,824M (29.6% margin); op cash flow $2,939M; backlog $28,101M (+12%); 12-mo backlog $8,833M (+16%); cash & securities $5,443M
“Total subscription revenue backlog$28,101 $25,056 12 % 12-month subscription revenue backlog$8,833 $7,631 16 %”
Share repurchases fiscal 2026
Repurchased ~12.8 million Class A shares for $2.9 billion in fiscal 2026
“we repurchased approximately 12.8 million shares of our Class A common stock for $2.9 billion as part of our share repurchase programs”
Infrastructure and data center dependency risk
Reliance on third-party data centers (AWS, Google Cloud, co-location); past outages from high temperatures and power outages at U.S. co-location data centers
“we have experienced disruptions at certain of our co-location data centers in the U.S. due to high temperatures and power outages that resulted in a brief temporary outage of our services for a subset of our customers.”
AI regulatory and litigation risk
EU AI Act compliance requirements; lawsuit alleging AI-related products enable discrimination (majority of claims dismissed)
“the European Union’s (“EU”) AI Act (“EU AI Act”) puts new requirements on providers and deployers of AI technologies and we are currently working to ensure compliance with corresponding deadlines.”
Open source AI risks
Open source licensing (GPL, Apache) and open source AI model risks including copyleft, untested licenses, and data poisoning
“Open source AI models may be trained on data of unknown or uncertain provenance, which could include copyrighted or otherwise proprietary, confidential, or private information.”
Government contracts risk
Government contracts exposed to procurement regulations, budget cycles, spending cuts/shutdowns, and lengthy bidding processes
“Our contracts with federal, state, local, and foreign government entities are subject to various procurement regulations and other requirements”
New monetization models uncertainty
Agentic AI and Workday Data Cloud monetization uncertain; limited Flex Credits pricing experience
“The markets and monetization strategies for certain of our offerings, including our agentic AI solutions and Workday Data Cloud, remain relatively new and uncertain”
Subscription services generated $8,833M, approximately 92% of fiscal 2026 total revenues, with backlog of $28,101M.
“Subscription services revenues accounted for approximately 92% of our total revenues for the fiscal year ended January 31, 2026”
AI is central to Workday's product strategy, growth investments, acquisitions, and competitive position; company also competes against non-specialist AI-native solutions.
“investing in strategic growth areas including developing innovative AI solutions, expanding internationally, growing our partner ecosystem”
The U.S. is the only country individually accounting for more than 10% of total revenues; data centers also concentrated in the U.S. among other regions.
“Other than the United States (“U.S.”), no country individually accounted for more than 10% of total revenues during fiscal 2026, 2025, or 2024.”
Workday relies on AWS to host its cloud applications; disruption of these third parties would impair operations.
“we leverage software and services for development tools and to deliver applications from many third-party suppliers including AWS and Google Cloud.”
Workday serves a broad industry base; government, higher education, and healthcare customers showed extended sales cycles tied to federal funding.
“Our diverse customer base includes emerging, medium-sized, and large global organizations within numerous industries”
Google Cloud is a named third-party supplier for delivering Workday applications and hosted infrastructure.
“These data centers include third-party hosted infrastructure, including Amazon Web Services and Google Cloud, and co-location data centers.”
Generative and agentic AI capabilities create legal, ethical, reputational, and competitive risks and uncertainties, including reliance on third-party AI capabilities.
“We are increasingly building and integrating AI into the Workday product suite, including generative and agentic AI”
The EU AI Act imposes new requirements on providers and deployers of AI technologies, requiring Workday compliance efforts and potentially increasing costs.
“the European Union’s (“EU”) AI Act (“EU AI Act”) puts new requirements on providers and deployers of AI technologies and we are currently working to ensure compliance with corresponding deadlines.”
Extended sales cycles are particularly evident in government, higher education, and healthcare industries tied to federal funding; government contract risks include spending cuts and shutdowns.
“The extended sales cycles are particularly evident in the government, higher education, and healthcare industries which are tied to federal funding.”
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