Form 10-Q · Quarterly report
Workday, Inc. 10-Q, filed Aug 27, 2026
- Filed
- CIK
- 0001327811
- Accession no.
- 0001327811-26-000044
Summary
Workday reported total revenues of $2.65 billion for its quarter ended July 31, 2026, up 13% from a year earlier, with subscription services revenue up 14% to $2.47 billion and non-GAAP operating income of $824 million. The company said macroeconomic conditions including increased tariffs, elevated inflation and energy prices, and longer sales cycles — particularly in government, higher education, and healthcare — had moderated revenue growth, and that it was responding with new pricing models and more flexible payment terms for some customers.
Key points
- Quarterly subscription services revenue rose 14% to $2.47 billion and total revenue rose 13% to $2.65 billion, with about 60% of the subscription increase from existing customers.
- Total subscription revenue backlog was $27.4 billion, up 8%, and 12-month backlog was $9.0 billion, up 14%.
- Operating cash flow was $1.22 billion and free cash flow was $1.08 billion; cash, cash equivalents and marketable securities fell 37% to $3.4 billion from $5.4 billion at January 31, 2026.
- Headcount reached 20,896, up 7% year over year.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Overview Workday is the enterprise AI platform that operates at the core of human resources, finance, and information technology. We deliver cloud-based, AI-powered applications for human capital management (“HCM”), financial management, spend management, and planning. Our diverse customer base includes emerging, medium-sized, and large global organizations within numerous industries, including financial services, government, healthcare, higher education, hospitality, manufacturing, professional and business services, retail, technology and media, and transportation. …
An excerpt of the text as filed with the SEC, cut for length.
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