WDAY earnings analysis
What we found in WDAY's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
The supplied filing extract is limited primarily to market-risk disclosures, risk factors, equity repurchases, and controls; it does not provide the current-quarter income statement, cash flow statement, balance-sheet detail beyond investments, segment results, or MD&A outlook. Liquidity declined from $5.4 billion to $3.4 billion between January 31 and July 31, 2026, while the company completed its $4.0 billion repurchase authorization. Workday also carries $3.0 billion of Senior Notes and faces heightened competition, cybersecurity, privacy, AI-regulatory, and international operating risks.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Liquidity declined by $2.0 billion
- Cash, cash equivalents, and marketable securities totaled $3.4 billion at July 31, 2026, versus $5.4 billion at January 31, 2026, a $2.0 billion decrease.
- Completed $4.0 billion repurchase program
- Workday repurchased 9.783 million Class A shares during the quarter, including 3.708 million shares in July at an average price of $141.56.
- No revolver borrowings outstanding
- The company had no outstanding revolving loans under its $1.0 billion 2022 Credit Agreement as of July 31, 2026.
- Controls remained effective
- Management concluded that disclosure controls were effective at a reasonable assurance level and reported no material change in internal control over financial reporting during the quarter.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Interest-rate sensitivity increased
- The investment portfolio had approximately $3.4 billion of cash, cash equivalents, and marketable securities at July 31, 2026; a hypothetical 100-basis-point rate increase would have reduced its market value by approximately $43 million.
- Debt maturities remain material
- Workday has $3.0 billion of Senior Notes outstanding, consisting of $1.0 billion due April 1, 2027, $750 million due April 1, 2029, and $1.25 billion due April 1, 2032.
- Privacy and AI regulation risk
- The filing identifies EU GDPR penalties of up to 4% of worldwide revenue for noncompliance, while the EU-U.S. Data Privacy Framework remains subject to legal challenges.
- Repurchases reduced financial flexibility
- The $4.0 billion repurchase authorization was fully completed as of July 31, 2026, leaving $0 of authorization remaining and reducing cash available for working capital, debt repayment, capital expenditures, and acquisitions.
What they said about what is next.
The supplied 10-Q text does not include MD&A, financial statements, segment results, or quantitative outlook. Numeric guidance is therefore not available in the provided filing extract.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 22, 2026
- Workday, Inc. reported strong Q1 fiscal 2027 results with total revenues of $2.542 billion, up 13% year-over-year and surpassing estimates. Gross margin improved to 76%, while diluted EPS increased to $2.66, reflecting…
- 10-K · March 6, 2026
- Workday positions itself as an enterprise AI platform unifying HR, finance, planning and AI agents, emphasizing scale (more than 11,500 customers, >75 million users) and extensive AI product investment (Workday AI…
- 10-Q · November 26, 2025
- Workday reported strong Q3 results with revenue of $2,432 million (up $272 million, +12.6% YoY) and diluted EPS of $0.94 (vs $0.72 prior year). Gross margin held at ~75.7% and operating margin expanded to 10.7% from…
- 10-Q · August 22, 2025
- Workday reported revenue of $2,348.0 million for the three months ended July 31, 2025, up $263.0 million year-over-year (from $2,085.0 million), with operating income rising to $248.0 million (10.6% operating margin)…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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