Workday Inc
workday.comWorkday Inc (NASDAQ: WDAY) is an enterprise software company that provides cloud-based applications for human capital management (HCM), financial management, spend management, and planning. The company makes money primarily through subscription contracts, with professional services consulting billed on time-and-materials or fixed-price bases as a secondary revenue stream. Founded in 2005 and headquartered in the United States, Workday serves more than 11,500 customers globally as of the 10-K filed March 6, 2026, ranging from emerging and medium-sized enterprises to Fortune 500 and global organizations across financial services, government, higher education, healthcare, manufacturing, retail, and technology sectors. The platform unifies HR and finance on a single cloud architecture with AI capabilities including purpose-built AI agents. Switching costs are embedded through deep integration into customers' core finance and HR processes. Workday executed a restructuring in February 2025 that reduced approximately 7.5% of its workforce, followed by a second restructuring in February 2026 targeting an additional 2% workforce reduction.
Products & Services
HCM (Human Capital Management) applications; Financial Management applications covering payables, receivables, financial consolidation, and close processes; Spend Management solutions covering source-to-contract and procurement; Planning applications; Workday platform with purpose-built AI agents and support for customer- and partner-built agents; open and extensible platform allowing custom application development.
Revenue Model
Subscription contracts for cloud-based enterprise software applications represent the primary revenue stream. Professional services consulting engagements, billed on time-and-materials or fixed-price bases, form the secondary revenue stream. Subscription revenue backlog tracks contracted but unrecognized subscription revenue.
Customers & Markets
More than 11,500 customers globally as of the 10-K filed March 6, 2026. Customer base spans emerging enterprises, medium-sized businesses, and large global organizations. Key industries served include financial services, government, higher education, healthcare, hospitality, manufacturing, professional and business services, retail, technology and media, and transportation.
Geographic Exposure
Global customer base with operations served from third-party data centers. International expansion cited as a strategic growth priority in the FY2026 10-K. Specific revenue breakdown by geography not extracted from available excerpts.
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