Workday, Inc. · WDAY · FY2025 Q4 · Calendar Q1 2025

Workday: AI Expansion Broadens, Execution Remains the Test

The supplied analysis is constructive but conditional: expanding AI products, full-suite adoption and partner activity support the growth case, while renewal attachment, monetization timing and execution risks still need evidence.

Reported After market closeNASDAQTechnology $48.88B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $1.75
EPS surprise — Reported versus consensus
Reported revenue — Consensus $2.18B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move +6.2% Event window
SPY move +0.1% Same window
Abnormal move +6.2% Stock minus SPY
Volume 2.7× Versus trailing sessions
Subsequent drift -7.5% Up to 20 sessions
WDAYSPY benchmark

Ask FN2 about WDAY FY2025 Q4

Transcript, numbers and history already loaded
What drove WDAY's +6.2% move after FY2025 Q4 earnings?What changed in WDAY's guidance and outlook in FY2025 Q4?Give me the bull and bear case for WDAY after FY2025 Q4 earnings.

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Transcript intelligence

What changed

The current analysis highlights the launch of the Agent System of Record, additional role-based agents, continued AI investment and broader partner and international initiatives. Compared with the prior-quarter analysis, the emphasis shifts from initial AI-platform and acquisition catalysts toward operating execution, adoption and centralized agent management.

Guidance delta

The supplied analysis characterizes guidance sentiment as maintained, with no new guidance increase identified versus the prior-quarter analysis.

Key takeaways

  • Management's narrative emphasized accelerating AI adoption, role-based agents and full-suite expansion.
  • The Agent System of Record adds a central management layer for Workday and third-party agents.
  • Partner activity and international expansion remain important parts of the growth framework.
  • The key open question is converting product adoption and productivity gains into durable expansion and monetization.

Management priorities

  • Expand role-based agents and the Agent System of Record.
  • Deepen AI investment through Extend Pro and the broader platform.
  • Grow partner programs and ecosystem contributions.
  • Increase international product and go-to-market capacity.
  • Extend Workday Student and related offerings into additional markets.

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Earnings History

Estimate Beat Miss Match
WDAY REVENUE earnings history estimate and actual scatter chart 9 reported fiscal quarters and 2 future estimate-only quarters. Q3 '24 actual $2B, None Q4 '24 estimate $2B Q4 '24 actual $2B, miss Q1 '25 estimate $2B Q1 '25 actual $2B, beat Q2 '25 estimate $2B Q2 '25 actual $2B, beat Q2 '26 estimate $2B Q2 '26 actual $2B, beat Q3 '26 estimate $2B Q3 '26 actual $2B, beat Q4 '26 estimate $3B Q4 '26 actual $3B, beat Q1 '27 estimate $3B Q1 '27 actual $3B, beat Q2 '27 estimate $3B Q2 '27 actual $3B, beat Q3 '27 estimate $3B Q4 '27 estimate $3B
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Analyst Consensus ?

ConsensusHold78 ratings
Bullish3950.0%
Neutral3646.2%
Bearish33.8%

1 unmapped firm rating excluded from the percentages.

Analyst 52W Price Targets

$186.59Current
$125Low
$223.22Average
$320High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Jefferies Hold HoldMaintainOct 8, 2026
Needham Buy BuyMaintainOct 5, 2026
Goldman Sachs Neutral NeutralMaintainAug 31, 2026
Wells Fargo Overweight OverweightMaintainAug 28, 2026
TD Cowen Hold HoldMaintainAug 28, 2026
Show 74 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $186.59. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
JefferiesBrent Thill$210$184.26 +12.5%Oct 8, 2026
UBSAnalyst unavailable$210$184.26 +12.5%Oct 7, 2026
Goldman SachsAnalyst unavailable$164$198.08 -12.1%Aug 31, 2026
JefferiesBrent Thill$220$194.31 +17.9%Aug 28, 2026
D.A. DavidsonAnalyst unavailable$190$194.37 +1.8%Aug 28, 2026
See 169 more

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Company context

Snapshot as of publication

Workday, Inc. delivers comprehensive, cloud-hosted enterprise software solutions to clients worldwide. These platforms empower organizations to strategize, operate, examine performance, integrate with existing systems, and oversee their overall business functions. A core offering includes a robust suite of financial management tools. These are designed to assist Chief Financial Officers (CFOs) in meticulously maintaining general ledger accounting data, streamlining financial workflows, gaining instant insights into financial and operational metrics, optimizing consolidation, accelerating month-end closes, bolstering internal controls and audit readiness, and ensuring uniformity throughout their financial activities. Workday also provides cloud-based spend management solutions. These facilitate smoother supplier engagement and contract administration, optimize the handling of indirect expenditures, and enable the effective execution of sourcing initiatives, including requests for proposals (RFPs).…

Historical context

All WDAY earnings
+5.8%FY2027 Q2 · Calendar Q3 2026+5.2%FY2027 Q1 · Calendar Q2 2026+2.2%FY2026 Q4 · Calendar Q1 2026

Technology peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
ACN Accenture plc FY2026 Q4 · Calendar Q4 2026 +3.5% +15.8% Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks
JBL Jabil Inc. FY2026 Q4 · Calendar Q3 2026 +8.1% -10.0% Jabil enters FY2027 with AI-led growth and capacity risks
MU Micron Technology, Inc. FY2026 Q4 · Calendar Q3 2026 +5.4% +0.0% Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead
SNX TD Synnex Corp FY2026 Q3 · Calendar Q3 2026 +20.9% -9.9% TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter
ADBE Adobe Inc. FY2026 Q3 · Calendar Q3 2026 +0.8% +1.4% Adobe raises FY26 outlook as AI strategy broadens
ORCL Oracle Corporation FY2027 Q1 · Calendar Q3 2026 +10.3% -1.7% Oracle raises FY27 outlook as AI demand accelerates cloud growth

Latest beats and misses

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Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-02-25T16:04:15.282296+00:00
  3. Polygon adjusted daily market bars · 2026-10-12T01:40:43.918842+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T01:40:43.916096+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.