WDAY — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-22

• Cash, cash equivalents, and marketable securities$4,353 $7,970 (45)%

• Recent macroeconomic events including increased tariffs, elevated inflation and energy prices, and fluctuating interest rates and foreign currency exchange rates, as well as geopolitical instability and conflicts, continue to impact the global economy and create uncertainty, volatility, and disrupti…

• We derive our revenues from subscription services and professional services. Subscription services revenues primarily consist of fees that provide customers access to our cloud applications, with standard and enhanced customer support. Professional services revenues include fees for deployment servi…

• Subscription services revenues accounted for approximately 93% of our total revenues for the three months ended April 30, 2026, and represented 97% of our total unearned revenue as of April 30, 2026. Subscription services revenues are driven primarily by the number of customers, the number of worker…

• We allocate shared costs, such as facilities, IT, benefits, and recruiting, primarily based on headcount. As such, overhead expenses are reflected in each of the costs and expenses categories.

Text removed vs the prior filing · source: 10-Q · 2025-11-26

• In February 2025, we announced a restructuring plan (“Fiscal 2026 Restructuring Plan”), which was intended to prioritize our investments and continue advancing our ongoing focus on durable growth. The plan resulted in the reduction of approximately 7.5% of our workforce. In connection with this plan…

• Recent macroeconomic events including increased tariffs, elevated inflation, and fluctuating interest rates and foreign currency exchange rates, as well as geopolitical instability, continue to impact the global economy and create uncertainty, volatility, and disruption of financial markets. We rema…

• We have experienced, and may continue to experience, a moderation of revenue growth rates due to deal scrutiny and the lengthening of certain sales cycles, particularly within net new opportunities, and reduced growth in headcount level commitments upon renewals of existing customers. Further, we ha…

• Three Months Ended October 31, Nine Months Ended October 31,

• Cash, cash equivalents, and marketable securities$6,843 $7,157 (4)%

Text added vs the prior filing · source: 10-Q · 2026-05-22

• •our ability to compete effectively in the intensely competitive markets in which we participate, including against non-specialist AI-native solutions;

• •our ability to realize a return on our current development efforts or offer new features, such as those involving AI, enhancements, and modifications to our products and services, and our ability to realize a return on the investments we have made toward entering new markets and new lines of busine…

• •exposure to risks inherent to international expansion and sales to customers outside the U.S. or with international operations;

• •our ability to realize the expected business or financial benefits of company, employee, or technology acquisitions;

• •the technical, legal, and regulatory environment in connection with our use of new and evolving technologies in our offerings, such as AI;

Text removed vs the prior filing · source: 10-Q · 2025-11-26

• •the impact of continuing global economic and geopolitical volatility;

• •our ability to compete effectively in the intensely competitive markets in which we participate;

• •exposure to risks inherent to sales to customers outside the United States or with international operations;

• •our ability to realize a return on our current development efforts or offer new features, enhancements, and modifications to our products and services, and our ability to realize a return on the investments we have made toward entering new markets and new lines of business;

• •our use of new and evolving technologies in our offerings, such as AI;

Text added vs the prior filing · source: 10-Q · 2026-05-22

• There were no insider trading arrangements adopted or terminated during the quarter.

Text removed vs the prior filing · source: 10-Q · 2025-11-26

• During the three months ended October 31, 2025, the following directors and/or officers of Workday adopted or terminated a “Rule 10b5-1 trading arrangement,” as defined in item 408(a) of Regulation S-K intending to satisfy the affirmative defense conditions of Rule 10b5-1(c):

• (1)Adopted by the Eschenbach Family Trust dtd 4/15/2014, Carl Eschenbach Jr and Ana Eschenbach TTEE. The reporting person and his spouse are both trustees and beneficiaries of the trust.

• (2)Adopted by the Still Family Trust U/A DTD 03/12/96. The reporting person is a trustee of the trust.

• (3)Includes shares to be withheld by Workday in mandatory transactions to cover withholding taxes in connection with the settlement of equity awards.