Workday (WDAY)
Cloud subscriptions for human resources, finance, planning, and AI-enabled enterprise workflows.
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Sells cloud subscriptions for human resources, finance, spend management, planning, and AI-enabled workflows to midsize and large organizations worldwide. Recurring subscriptions produce nearly all revenue, with pricing tied largely to customers' worker counts and deployment supported by service partners.
Runs a cloud platform spanning Workday Human Capital Management, Financial Management, Spend Management, Adaptive Planning, and industry applications such as Workday Student. Workday Sana and the Agent System of Record extend the platform into enterprise search, automation, and AI-agent governance. Shared HR and finance data, frequent cloud updates, Workday Extend, and a partner marketplace let customers and partners add tailored applications and integrations.
Serves midsize organizations, global enterprises, public agencies, and universities, with most revenue coming from U.S. customers. Subscription access generates nearly all revenue; professional services and service partners handle deployment and training. Pricing depends largely on customer worker counts, while cloud delivery relies on third-party infrastructure including AWS, Google Cloud, and colocation data centers.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $151 | Target: $164 |
| Aug 28, 2026 | Jefferies | Target | Target: $225 | Target: $220 |
| Aug 28, 2026 | DA Davidson | Reiterate | Rating: —Target: $135 | Target: $190 |
| Aug 28, 2026 | BMO Capital | Reiterate | Rating: —Target: $182 | Target: $230 |
| Aug 28, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $160 | Target: $205 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 31, 2026Cash & short-term investments $3.40B · Total debt $3.77B · Total assets $15.86B · Shareholders' equity $6.46B
- Revenue
- $2.65B
- Operating income
- $317.0M
- Net income
- $632.0M
No dividends on record.
| Institutions | ≈ 90.10% | 217.13M shares | |
|---|---|---|---|
| 976 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 22.57% | 54.39M shares | |
| 20 holders · as of Sep 21, 2026 | |||
| Adds to | 112.67% | ||
241.00M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 112.67%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
David A. Duffield1Insider10 percent owner | 19.36% | 49.35M COMPANY | filed Sep 21, 2026 |
BlackRock, Inc.Institution | 8.77% | 21.13M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 5.49% | 13.22M A | as of Jun 30, 2026 |
Hotchkis & Wiley Capital Management LLCInstitution | 5.26% | 12.68M A | as of Jun 30, 2026 |
Eagle Capital Management LLCInstitution | 4.70% | 11.32M A | as of Jun 30, 2026 |
- David A. Duffield's transaction reports restate only vehicles that traded; the 2026 ownership statement (49.35M) less the 2.68M net shares sold since is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | David A. Duffield | 10 percent owner | −94,089 | $194.69 |
| Sep 15, 2026 | David A. Duffield | 10 percent owner | −96,545 | $192.28 |
| Sep 10, 2026 | David A. Duffield | 10 percent owner | −100,780 | $185.64 |
| Sep 4, 2026 | David A. Duffield | 10 percent owner | −90,615 | $198.14 |
| Sep 1, 2026 | David A. Duffield | 10 percent owner | −94,961 | $199.29 |
- Oracle
Full-suite cloud rival across HCM, ERP, EPM, and AI agents.
- SAP (ADR)
Primary HCM and ERP rival; dominant in manufacturing and global compliance.
- Microsoft
Competes via Dynamics 365 HR and Finance, and AI agent orchestration.
- ADP
Global payroll and HCM services leader; competes in payroll and mid-market HCM.
- ServiceNow
Emerging rival on AI agent orchestration and HR service delivery.
- Paycom Software
Mid-market single-database HCM/payroll platform; competes at enterprise boundary.
- Paylocity
Mid-market HCM/payroll platform; minimal direct overlap with Workday's enterprise tier.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Workday | $192.82 | +0.47% | $50.27B | 38.9 | 16.0 | 4.9 | +12.8% |
| Oracle | $152.60 | +2.72% | $427.95B | 23.3 | 17.9 | 6.0 | +29.6% |
| SAP (ADR) | $210.93 | +0.81% | $243.79B | 26.8 | 23.1 | 5.6 | +5.8% |
| Microsoft | $500.21 | −0.28% | $3.72T | 27.9 | 25.5 | 11.2 | +17.8% |
| ADP | $268.93 | −0.37% | $107.90B | 24.7 | 21.9 | 4.9 | +6.8% |
| ServiceNow | $138.01 | +0.24% | $142.34B | 86.0 | 30.4 | 9.7 | +24.0% |
| Paycom Software | $227.53 | +0.57% | $10.20B | 24.0 | 17.2 | 4.8 | +9.8% |
| Paylocity | $145.59 | +0.81% | $7.73B | 29.4 | 16.5 | 4.4 | +11.0% |
| Median | 26.8 | 21.9 | 5.6 | +11.0% |