olivLaw · US equity research
Workday, Inc. WDAY
Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)
Workday is a cloud platform powered by artificial intelligence for managing human resources, finances and AI agents, serving more than 11,500 customers. In fiscal 2026 total revenues reached 9.6 billion USD, up 13%, and in the first half of fiscal 2027 revenues grew by the same 13%. Non-GAAP operating margin stayed high, but GAAP profitability and growth could depend on how demand evolves in an uncertain economic environment.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Workday, Inc. (WDAY) stock was 201.84 USD (+1.97% on the day), with market capitalisation 44.4 bn USD, P/E 40.9 on diluted EPS of 4.93 USD over the last 12 months, beta 0.79, 52-week range 112.50–233.69 USD. Latest reported quarter (Q2 2027): revenue of 2.6 bn USD (+12.8% YoY), net income of 632.0 m USD (+177.2% YoY), diluted EPS 2.57 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 55.9
- strong (55–70)
- Bollinger (20, 2)
- 182.37 – 213.28
- in the upper half of the band · %B 0.63 · band width 15.6%
- SMA 50 / 200
- 194.15 / 155.79
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 2.74 / 3.24
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +6.8% | −1.1% | +7.9 pp | — |
| 3 months | +18.3% | −0.5% | +18.7 pp | — |
| 6 months | +64.6% | +4.4% | +60.2 pp | — |
| Year to date | −6.0% | +12.3% | −18.3 pp | — |
| 1 year | −13.5% | +13.5% | −27.1 pp | −21.1% |
| 3 years | −7.6% | +76.4% | −84.0 pp | −17.8% |
| 5 years | −30.4% | +63.7% | −94.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 31 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.2 bn | 2.2 bn | 2.2 bn | 2.3 bn | 2.4 bn | 2.5 bn | 2.5 bn | 2.6 bn |
| Research & development | 647.0 m | 674.0 m | 663.0 m | 660.0 m | 666.0 m | 691.0 m | 705.0 m | 747.0 m |
| Operating income | 165.0 m | 75.0 m | 39.0 m | 248.0 m | 259.0 m | 174.0 m | 338.0 m | 313.0 m |
| Interest expense | 29.0 m | 28.0 m | 29.0 m | 29.0 m | 29.0 m | 28.0 m | 26.0 m | 28.0 m |
| Pre-tax income | 227.0 m | 120.0 m | 103.0 m | 304.0 m | 338.0 m | 264.0 m | 355.0 m | 327.0 m |
| Income tax | 34.0 m | 26.0 m | 35.0 m | 76.0 m | 86.0 m | 119.0 m | 133.0 m | -305.0 m |
| Net income | 193.0 m | 94.0 m | 68.0 m | 228.0 m | 252.0 m | 145.0 m | 222.0 m | 632.0 m |
| Diluted EPS | 0.72 | 0.35 ≈ | 0.25 | 0.84 | 0.94 | 0.55 ≈ | 0.87 | 2.57 |
| Operating cash flow | 406.0 m | 1.1 bn | 457.0 m | 616.0 m ≈ | 588.0 m ≈ | 1.3 bn | 696.0 m | 519.0 m ≈ |
| Capex | 47.0 m | 86.0 m | 36.0 m | 28.0 m ≈ | 38.0 m ≈ | 60.0 m | 80.0 m | 59.0 m ≈ |
| Share repurchases | 158.0 m | 103.0 m | 290.0 m | 299.0 m ≈ | 802.0 m ≈ | 1.5 bn | 1.6 bn | 1.3 bn ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 29 percentile of its own 14-quarter history (min 32.5, median 84.5, max 3,136.6; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.8 bn | 3.6 bn | 4.3 bn | 5.1 bn | 6.2 bn | 7.3 bn | 8.4 bn | 9.6 bn |
| Revenue YoY | +31.7% | +28.5% | +19.0% | +19.0% | +21.0% | +16.8% | +16.4% | +13.1% |
| Net income | -418.3 m | -480.7 m | -282.4 m | 29.0 m | -367.0 m | 1.4 bn | 526.0 m | 693.0 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | −1,365.5% | unavailable | −61.9% | +31.7% |
| Diluted EPS | unavailable | -2.12 | -1.19 | 0.12 | -1.44 | 5.21 | 1.95 | 2.59 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | −1,300.0% | unavailable | −62.6% | +32.8% |
| net % | -14.8% | -13.3% | -6.5% | 0.6% | -5.9% | 19.0% | 6.2% | 7.3% |
| Free cash flow | 404.2 m | unavailable | unavailable | unavailable | 1.3 bn | 1.9 bn | 2.2 bn | 2.8 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 31 Jan 2026
- Cash
- 1.5 bn USD
- Financial debt
- 3.0 bn USD
- Net debt
- 1.5 bn USD
- Equity
- 7.8 bn USD
- Total assets
- 18.1 bn USD
- Debt / equity
- 0.38x
- Current ratio
- 1.32x
- ROE
- 8.2%
- ROA
- 3.8%
- FCF margin
- 29.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 4.3 bn | 5.1 bn | 6.2 bn | 7.3 bn | 8.4 bn | 9.6 bn | SEC (XBRL)· 06 Mar 2026verified |
| Research & development | 1.7 bn | 1.9 bn | 2.2 bn | 2.5 bn | 2.6 bn | 2.7 bn | SEC (XBRL)· 06 Mar 2026verified |
| Operating income | -248.6 m | -116.0 m | -222.0 m | 183.0 m | 415.0 m | 721.0 m | SEC (XBRL)· 06 Mar 2026verified |
| Interest expense | 68.8 m | 17.0 m | 102.0 m | 114.0 m | 114.0 m | 114.0 m | SEC (XBRL)· 06 Mar 2026verified |
| Pre-tax income | -275.1 m | 16.0 m | -260.0 m | 356.0 m | 638.0 m | 1.0 bn | SEC (XBRL)· 06 Mar 2026verified |
| Income tax | 7.3 m | -13.0 m | 107.0 m | -1.0 bn | 112.0 m | 316.0 m | SEC (XBRL)· 06 Mar 2026verified |
| Net income | -282.4 m | 29.0 m | -367.0 m | 1.4 bn | 526.0 m | 693.0 m | SEC (XBRL)· 06 Mar 2026verified |
| Diluted EPS | -1.19 | 0.12 | -1.44 | 5.21 | 1.95 | 2.59 | SEC (XBRL)· 06 Mar 2026verified |
| Weighted average diluted shares | 237.0 m | 254.0 m | 254.8 m | 265.3 m | 269.2 m | 268.1 m | SEC (XBRL)· 06 Mar 2026verified |
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.4 bn | 1.5 bn | 1.9 bn | 2.0 bn | 1.5 bn | 1.5 bn | SEC (XBRL)· 06 Mar 2026verified |
| Receivables | 1.0 bn | 1.2 bn | 1.6 bn | 1.6 bn | 2.0 bn | 2.3 bn | SEC (XBRL)· 06 Mar 2026verified |
| Current assets | 4.8 bn | 5.2 bn | 8.1 bn | 9.9 bn | 10.5 bn | 8.4 bn | SEC (XBRL)· 06 Mar 2026verified |
| Property, plant & equipment, net | 972.4 m | 1.1 bn | 1.2 bn | 1.2 bn | 1.2 bn | 1.1 bn | SEC (XBRL)· 06 Mar 2026verified |
| Goodwill | 1.8 bn | 2.8 bn | 2.8 bn | 2.8 bn | 3.5 bn | 5.2 bn | SEC (XBRL)· 06 Mar 2026verified |
| Intangibles (excl. goodwill) | — | — | — | 233.0 m | — | — | SEC (XBRL)· 05 Dec 2024verified |
| Total assets | 8.7 bn | 10.5 bn | 13.5 bn | 16.5 bn | 18.0 bn | 18.1 bn | SEC (XBRL)· 06 Mar 2026verified |
| Accounts payable | 75.6 m | 55.5 m | 154.0 m | 78.0 m | 108.0 m | 142.0 m | SEC (XBRL)· 06 Mar 2026verified |
| Short-term debt | 1.1 bn | 1.2 bn | 0 | — | — | 0 | SEC (XBRL)· 22 May 2026verified |
| Long-term debt | 691.9 m | 617.4 m | 3.0 bn | 3.0 bn | 3.0 bn | 3.0 bn | SEC (XBRL)· 06 Mar 2026verified |
| Current liabilities | 4.3 bn | 5.1 bn | 4.6 bn | 5.1 bn | 5.5 bn | 6.4 bn | SEC (XBRL)· 06 Mar 2026verified |
| Total liabilities | 5.4 bn | 6.0 bn | 7.9 bn | 8.4 bn | 8.9 bn | 10.3 bn | SEC (XBRL)· 06 Mar 2026verified |
| Equity | 3.3 bn † | 4.5 bn † | 5.6 bn † | 8.1 bn † | 9.0 bn † | 7.8 bn † | SEC (XBRL)· 06 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.3 bn | 1.7 bn | 1.7 bn | 2.1 bn | 2.5 bn | 2.9 bn | SEC (XBRL)· 06 Mar 2026verified |
| Capex | — | — | 364.0 m | 232.0 m | 269.0 m | 162.0 m | SEC (XBRL)· 06 Mar 2026verified |
| Free cash flow | — | — | 1.3 bn ≈ | 1.9 bn ≈ | 2.2 bn ≈ | 2.8 bn ≈ | SEC (XBRL)· 06 Mar 2026derived |
| Investing cash flow | -1.2 bn | -1.6 bn | -2.5 bn | -1.8 bn | -1.8 bn | 333.0 m | SEC (XBRL)· 06 Mar 2026verified |
| Financing cash flow | 625.0 m | 110.0 m | 1.2 bn | -268.0 m | -1.2 bn | -3.3 bn | SEC (XBRL)· 06 Mar 2026verified |
| Share repurchases | 0 | 0 | 75.0 m | 423.0 m | 700.0 m | 2.9 bn | SEC (XBRL)· 06 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 63 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 44.4 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet6
- Valuation58
- Quality85
- Growth62
- Returns100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 7.05 – 340.97 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)216.53 – 340.97 (Mid 264.66)WACC 9.1% · starting FCFF 3.0 bn USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 3.2%
- Peers: EV/Sales7.05 – 99.26 (Mid 34.35)11 companies used · median multiple 1.0x · quartiles 0.4x – 2.4xADP, CARS, CLVT, DXC, EVTC, GMHS, IBEX, PLTK, SOPH, SSTK, YEXT
- Peers: EV/EBITDAunavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 63/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | unavailable | unavailable | — |
| EBIT margin · Quality | 10.7% | 70 (vs peers) | 10% |
| FCF margin · Quality | 28.0% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 15.4% | 62 (on a fixed band) | 21% |
| Revenue growth (YoY) · Growth | 13.1% | 64 (vs peers) | 10% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.9x | 6 (on a fixed band) | 8% |
| EV/Sales · Valuation | 4.6x | 27 (vs peers) | 21% |
| FCF yield · Valuation | 6.4% | 100 (on a fixed band) | 15% |
| Shareholder yield (distributions) · Returns | 11.8% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial6/100 · 1/2 factors with a value
- Growth62/100 · 2/2 factors with a value
- Quality85/100 · 2/3 factors with a value
- Returns100/100 · 1/1 factors with a value
- Valuation58/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Workday, Inc. (WDAY). Latest full fiscal year: 2026; data up to 2026-07-31.
Figures computed from the financial statements: revenue 9.6 bn USD in 2026; YoY growth 13.1%; net margin 12.3%; ROE 16.0%.
The estimated value range is 111.79–220.11 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 149.50 USD, the price of 201.84 USD leaves a potential of -25.9% (value / price − 1) and a margin of safety of -35.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 63/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EBIT margin: 10.7%
- FCF margin: 28.0%
- FCF yield: 6.4%
- Shareholder yield (distributions): 11.8%
What contradicts it
- Current ratio: 0.9x
- EV/Sales: 4.6x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Gross margin, Net debt / EBITDA.
Versus the vertical median
Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 119.8 bn | 27.7 | 77.0% | 20.1% | +6.7% | +19% / +32% |
| WDAYWorkday, Inc. | 44.4 bn | 40.9 | 16.0% | 12.3% | +13.1% | −14% / −8% |
| VRSKVerisk Analytics, Inc. | 25.9 bn | 30.1 | — | 29.3% | +6.6% | −12% / −18% |
| ATHMAutohome Inc. | 10.4 bn | 53.5 | 6.3% | 443.2% | +11.1% | −5% / −18% |
| DXCDxc Technology Company | 2.3 bn | 21.9 | 3.7% | 0.9% | −1.8% | +13% / −36% |
| EVTCEVERTEC, Inc. | 2.1 bn | 22.9 | 14.4% | 9.0% | +10.2% | +20% / −6% |
| INFQInfleqtion, Inc. | 1.9 bn | — | -70.8% | — | unavailable | unavailable / unavailable |
| INODInnodata Inc | 1.5 bn | 32.8 | 37.7% | 14.7% | +47.6% | −25% / +541% |
| CLVTClarivate PLC | 1.4 bn | — | -8.2% | -15.1% | −4.0% | −44% / −73% |
| LZLegalZoom.com, Inc. | 1.1 bn | 56.0 | 12.1% | 2.6% | +10.9% | −26% / −40% |
| PLTKPlaytika Holding Corp. | 808.6 m | — | — | -9.9% | +8.1% | −48% / −76% |
| YEXTYext, Inc. | 775.0 m | 40.6 | 27.8% | 5.9% | +6.1% | −7% / +18% |
| NRDSNerdWallet, Inc. | 754.4 m | 13.3 | 18.2% | 7.6% | +21.7% | −21% / +1% |
| NXTTNext Technology Holding Inc. | 736.5 m | — | -59.4% | -2,356.0% | +545.3% | −99% / −100% |
| CARSCars.com Inc. | 682.5 m | 22.4 | 7.4% | 4.7% | +0.6% | +10% / −32% |
| IBEXIBEX Limited | 593.6 m | 14.3 | 30.4% | 7.2% | +15.4% | +27% / +152% |
| SOPHSOPHiA GENETICS SA | 477.3 m | — | -110.0% | -102.2% | +18.6% | +42% / +73% |
| GRVYGravity Co., Ltd. | 475.7 m | 0.0 | 16.5% | 17.0% | −31.0% | +19% / −6% |
| SOHUSohu.com Limited | 355.1 m | 1.0 | 35.8% | 67.4% | −2.4% | −12% / +70% |
| MOVECorvex, Inc. | 176.9 m | — | -9.6% | -623.5% | −57.3% | −17% / −93% |
| SSTKShutterstock, Inc. | 161.1 m | — | -43.4% | -22.9% | +5.8% | −79% / −90% |
| TRAKRepositrak, Inc. | 132.7 m | 18.7 | 14.9% | 32.5% | +3.0% | −46% / −29% |
| GMHSGamehaus Holdings Inc. | 51.4 m | 8.5 | 11.8% | 4.1% | −11.3% | −35% / −93% |
| DDIDoubleDown Interactive Co., Ltd. | 34.1 m | 0.3 | 11.4% | 28.5% | +5.5% | +48% / +72% |
| SJScienjoy Holding Corporation | 23.5 m | — | -66.6% | -47.3% | −4.9% | +28% / −68% |
1- and 3-year price returns: for WDAY from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 152.12 Total return -25% · Per year -25% | 267.70 Total return 33% · Per year 33% | 401.55 Total return 99% · Per year 99% |
| 3 years | 180.43 Total return -11% · Per year -4% | 354.04 Total return 75% · Per year 21% | 578.24 Total return 186% · Per year 42% |
| 5 years | 214.02 Total return 6% · Per year 1% | 468.21 Total return 132% · Per year 18% | 832.66 Total return 313% · Per year 33% |
- Exit P/E± 88.51
- Net margin± 61.96
- Annual revenue growth± 46.21
- Annual dilution± 5.21
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 27 Aug 2026; since then the company filed 8-K (29 Sept 2026 · results).
In brief
Workday is a cloud platform powered by artificial intelligence for managing human resources, finances and AI agents, serving more than 11,500 customers. In fiscal 2026 total revenues reached 9.6 billion USD, up 13% 1, and in the first half of fiscal 2027 revenues grew by the same 13% 2. Non-GAAP operating margin stayed high, but GAAP profitability and growth could depend on how demand evolves in an uncertain economic environment 12.
SWOT
Strengths
- A unified platform for human resources, finance and AI agents, with a large customer base and high retention of recurring revenue 1.
- A subscription model with recurring revenue and a growing backlog that gives visibility into future revenue 12.
- A broad partner ecosystem and a clear acquisition strategy that complements internal development 1.
Weaknesses
Opportunities
- Expanding AI agents and the Workday Build platform could create new revenue from existing customers 1.
- International markets and the medium-enterprise segment offer growth potential if pricing stays competitive 1.
- Partnerships with cloud providers and AI platforms could extend the value of the platform 1.
Risks
- Security of systems and datahigh
A cyberattack or exposure of customer data could seriously harm reputation and revenue 1.
- Infrastructure outageshigh
Services depend on third-party data centers, and disruptions could lead to customer losses and compensation claims 1.
- Intense competitionmedium
Larger rivals and non-specialist AI solutions could limit growth and pricing power 1.
- Longer sales cyclesmedium
Cautious customers may postpone contracts, making quarterly revenue harder to forecast 2.
- Integration of acquisitionslow
Integrating acquired companies may delay product launches or affect application performance 1.
Investment thesis
What would need to be true (bull case)
- If AI agents are widely adopted, the company could expand the value of existing subscriptions and attract new revenue from current customers 1.
- High customer retention and the subscription backlog provide a stable base for future growth 12.
- If efficiency measures reduce operating costs, GAAP margin could keep improving 12.
What to watch
- Trend in total subscription revenue backlog and subscription revenue growthQ3 2027
- Adoption of new AI agents and the credit-based pricing model2027
- Pace of sales cycles in government and higher educationQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 27 Aug 2026; since then the company filed 8-K (29 Sept 2026 · results).
The business
In fiscal 2026 the company acquired Flowise, Paradox, Sana and Pipedream to expand its AI capabilities, with Paradox and Sana each carrying a purchase consideration of 1.1 billion USD 1. It also launched Workday Build, Workday Data Cloud and Workday Sana, aimed at building and managing AI agents within the platform 1. Its partner ecosystem, including cloud and payroll providers, plays a central role in its growth strategy 1.
Segments
Market context
Public-sector spending and sectors tied to federal funding, such as government, higher education and healthcare, have longer sales cycles 2. The company reported total revenues of 2.6 billion USD for the quarter ended July 31 2026 2, which points to demand that remains active but under closer customer scrutiny 2.
Trends
- AI agents in workflowstailwind
Customers could automate HR and finance processes with AI agents, which could raise platform value and usage 1.
- Slower sales cyclesheadwind
Customer scrutiny and longer sales cycles could slow revenue growth, especially in sectors dependent on public funding 2.
- New AI pricing modelsmixed
Moving to credit-based pricing may attract new customers but could complicate short-term revenue predictability 2.
- Macroeconomic pressureheadwind
Tariffs, inflation, interest rates and geopolitical instability create uncertainty and may affect customer behaviour 2.
Competitive position
Main competitors are Oracle and SAP, established vendors with long-standing customer relationships, while in specific segments ADP, Dayforce, UKG, Anaplan, Coupa, ServiceNow and Microsoft also compete 1. The company says these rivals have greater resources for research and sales 1.
Non-specialist solutions built on large language models and general-purpose agents could become a serious competitive force 1. The company expects consolidation in its industry, which could intensify competition 1.
- Oracle CorporationORCL
Established provider of financial and HCM applications with long-standing relationships with large customers 1.
- SAP SE
Direct competitor in finance and human resources with an extensive installed base 1.
- ADPADP
Provider of payroll and HR services that competes in certain segments and is also a strategic partner 1.
- ServiceNow, Inc.NOW
Platform competing in workflow and AI-driven automation solutions 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Workday wants a slice of customers' labour budget that its AI agents could replaceThe Register · 15 Oct 2026 · EN
- Reporter's Notebook: How constant drone attacks became a normal workday in KyivKyiv Independent (UA, EN) · 29 Sept 2026 · EN
- How Is Workday’s Stock Performance Compared to Other Software StocksYahoo Finance — News · 22 Sept 2026 · EN
- Workday Or Autodesk: Is The Louder AI Story The Better Stock?Yahoo Finance — News · 18 Sept 2026 · EN
- Workday Stock Rallies Following Reports of Ongoing ‘Go Private’ Financing EffortsYahoo Finance — News · 18 Sept 2026 · EN
- Stocks making the biggest moves midday: Workday, Generac, Vital Farms, Vicor, Tower Semi & moreCNBC — Top News · 17 Sept 2026 · EN
- AI Stocks Fell, but Workday and Adobe Jumped. A Favorite AI Disruption Trade Just FlinchedYahoo Finance — News · 15 Sept 2026 · EN
- Workday (WDAY)’s AI Push is Easing Investor Fears, but its Own Guidance Tells a More Cautious StoryYahoo Finance — News · 06 Sept 2026 · EN
- 37% of Business Leaders Are Losing Nearly a Full Workday to This Hidden ‘Operational Tax’Yahoo Finance — News · 02 Sept 2026 · EN
- Workday Crushed Every Estimate. An Analyst Downgraded It Anyway.Yahoo Finance — News · 01 Sept 2026 · EN
- AI Is Coming for One of Legacy Software’s Most Defensible Businesses as a New Challenger Takes on Oracle, SAP and WorkdayYahoo Finance — News · 01 Sept 2026 · EN
- Workday (WDAY): Pioneering the Future of Enterprise Resource PlanningYahoo Finance — News · 01 Sept 2026 · EN
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story StrengthensYahoo Finance — News · 29 Aug 2026 · EN
- Workday (WDAY) Says AI Drove 25% of New Annual Contract Value. Why Did Total Subscription Backlog Grow Only 8%?Yahoo Finance — News · 29 Aug 2026 · EN
- Workday beats quarterly estimates as subscription revenue outlook broadly matches forecastsYahoo Finance — News · 28 Aug 2026 · EN
- Workday Reports Higher Profit, Revenue on AI Agent AdoptionYahoo Finance — News · 27 Aug 2026 · EN
- Workday Stock Falls As Earnings Beat, Guidance UnderwhelmsYahoo Finance — News · 27 Aug 2026 · EN
- Investors May Want To Own Workday Before August 27thYahoo Finance — News · 24 Aug 2026 · EN
- Workday skyrockets 18%, trading halted multiple times on report of Silver Lake takeoverCNBC World · 13 Aug 2026 · EN
- Workday Shares Surge After Report Silver Lake Is in Talks to Buy CompanyBloomberg Markets · 13 Aug 2026 · EN
The latest news item in our archive is from 15 Oct 2026; the newest SEC filing is from 23 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report23 Oct 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report13 Oct 2026Other events · Financial statements and exhibits
- Current report01 Oct 2026Material agreement · Termination of a material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report29 Sept 2026Results of operations · Exit or disposal costs
- Quarterly report27 Aug 2026
- Current report27 Aug 2026Results of operations · Other events · Financial statements and exhibits
- Current report22 Jun 2026Shareholder vote
- Quarterly report22 May 2026
- Current report21 May 2026Results of operations · Financial statements and exhibits
- Proxy statement05 May 2026
Sources
- [1] Form 10-K, fiscal year ended 2026-01-31 · SEC / Workday, Inc. · 06 Mar 2026
- [2] Form 10-Q, quarter ended 2026-07-31 · SEC / Workday, Inc. · 27 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.