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WDAY10-Q filing

WDAY 10-Q for Q1 FY2026 filed 2026-05-22 | Key takeaways

WDAY filed its 10-Q; the most relevant disclosure change is added subsequent events: Fiscal 2027 Restructuring Plan announced February 2026 resulted in approximately 2% workforce reduction and impairment of certain long-lived assets.

Published May 22, 2026 at 4:21 PM EDTWorkday, Inc.SEC filing
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Guidance comparison

Subscription revenue (Q1 FY2026)Q1 FY2026
$2.354 billionGuide $2.050 billion | beat | +$304 million above midpoint | +14.8%

Key takeaways

  • Q1 FY2026 total revenues of $2.542 billion grew 13.5% year-over-year; subscription revenue of $2.354 billion beat prior guided midpoint by $304 million (+14.8%)

  • Net income surged to $222 million from $68 million in year-ago quarter, and operating income jumped to $338 million from $39 million

  • Workday's Fiscal 2027 Restructuring Plan (announced February 2026) reduced workforce by approximately 2% and impaired certain long-lived assets

  • Current debt rose to $998 million from zero at fiscal year-end, representing a new current debt obligation not present at January 31, 2026

  • Share repurchases drove treasury stock to $5.834 billion from $4.220 billion

  • International revenues of $649 million grew 16.1% year-over-year, outpacing U.S. revenue growth of 12.6%

  • Two new accounting pronouncements discussed: ASU 2024-03 (expense disaggregation, effective FY2028) and ASU 2025-06 (internal-use software costs, effective FY2029)

Key metrics

Total revenuesQ1 FY2026
$2.542 billion+13.5% from $2.240 billion
Subscription revenuesQ1 FY2026
$2.354 billion+14.3% from $2.059 billion
Professional services revenuesQ1 FY2026
$188 million+3.9% from $181 million
Net incomeQ1 FY2026
$222 million+226.5% from $68 million
Diluted net income per shareQ1 FY2026
$0.87+248% from $0.25
Operating incomeQ1 FY2026
$338 million+766.7% from $39 million
U.S. revenuesQ1 FY2026
$1.893 billion+12.6% from $1.681 billion
International revenuesQ1 FY2026
$649 million+16.1% from $559 million

Disclosure changes

  • subsequent_events

    Fiscal 2027 Restructuring Plan announced February 2026 resulted in approximately 2% workforce reduction and impairment of certain long-lived assets

    Workforce reduction and asset impairments may indicate strategic shifts or cost optimization efforts; disclosed for first time in Q1 FY2026 filing
  • liquidity_debt

    Current portion of debt increased to $998 million from $0 at January 31, 2026

    Significant increase in current debt obligations may affect near-term liquidity requirements
  • other

    Two new accounting pronouncements discussed: ASU 2024-03 (expense disaggregation disclosures, effective FY2028) and ASU 2025-06 (internal-use software costs, effective FY2029)

    Future reporting changes expected; no near-term impact

Primary source

TickerStar generated this brief from an official company, investor-relations, earnings-call, or regulatory source. Review the primary material before making an investment decision.

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