Citable filing context
WDAY's research view summarizes recent SEC filing context, starting with debt_offering from Oct 1, 2026.
| Filed | Item | Context |
|---|---|---|
| Oct 1, 2026 | debt_offering | Workday entered into a $1.5 billion revolving credit facility, replacing its prior $1.0 billion facility. |
| Sep 29, 2026 | restructuring | Workday announced a 2.5% workforce reduction and office space reductions, expecting charges of $65 million to $80 million. |
| Aug 27, 2026 | earnings | Workday reported fiscal 2027 second quarter total revenues of $2.649 billion, up 12.8% year-over-year. |
| Sep 29, 2026 | Guidance: gaap_operating_margin_difference_from_non_gaap | 20.00 to 21.00 |
| Sep 29, 2026 | Guidance: gaap_operating_margin_difference_from_non_gaap | 19.00 to not reported |
| Sep 29, 2026 | Guidance: restructuring_charges | 10.00 to not reported |
| Aug 27, 2026 | mda_quarterly | Workday delivered total revenues of $2.65 billion for the three months ended July 31, 2026, up 13% year-over-year, driven by a 14% increase in subscription services revenues to $2.47 billion. For the six-month period, total revenues reached $5.19 billion. Growth was supported by a 97% gross revenue retention rate and a 12-month subscription backlog of $9.0 billion, up 14%. GAAP operating margin expanded to 11.8% for the quarter, while non-GAAP operating margin reached 31.1%, reflecting revenue growth outpacing headcount growth. However, macroeconomic headwinds have lengthened sales cycles and increased deal scrutiny, particularly in federal-funding-dependent verticals like government, higher education, and healthcare. In response, Workday is addressing shifting buying behaviors with new pricing models. Cash, cash equivalents, and marketable securities decreased 37% from January 31, 2026, to $3.4 billion, primarily due to $2.9 billion in share repurchases during the six-month period; an additional $4.0 billion repurchase program was authorized in August 2026. Six-month free cash flow rose 7% to $1.08 billion. Additionally, an internal intellectual property transfer generated a $374 million deferred tax asset, resulting in a net tax benefit for the period. |
| May 22, 2026 | mda_quarterly | Workday reported total revenue of $2.54 billion for the quarter ended April 30, 2026, a 13% year-over-year increase. Subscription services revenue, comprising 93% of total revenue, grew 14% to $2.35 billion, with 60% of that growth driven by expansion within the existing customer base. The total subscription revenue backlog reached $27.3 billion. GAAP operating income rose sharply to $338 million from $39 million in the prior year, primarily due to the absence of $166 million in restructuring expenses recorded in the comparable period. Non-GAAP operating margin improved to 31.8%. While the company is investing heavily in AI-powered HCM, finance, and spend management solutions, management identified macroeconomic risks—including inflation and interest rate volatility—that have lengthened sales cycles and moderated growth, specifically in the government, healthcare, and higher education verticals. Free cash flow increased 46% to $616 million, bolstered by higher cash collections. Liquidity remains strong with $4.4 billion in cash and marketable securities, and the company continues aggressive capital return through $1.6 billion in share repurchases during the quarter. |
Source: SEC EDGAR filing text and events; period Oct 1, 2026; filed Oct 1, 2026.
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