Workday, Inc. Files 2024 10-K Report

TL;DR

<b>Workday, Inc. has submitted its comprehensive 2024 10-K annual report detailing financial performance and business operations for the fiscal year ending January 31, 2024.</b>

AI Summary

Workday, Inc. (WDAY) filed a Annual Report (10-K) with the SEC on March 8, 2024. Workday, Inc. filed its annual 10-K report for the fiscal year ending January 31, 2024. The filing covers the period from February 1, 2023, to January 31, 2024. Key financial data and business operations are detailed within the report. The company is incorporated in Delaware and headquartered in Pleasanton, CA. The report includes information on common stock classes A and B.

Why It Matters

For investors and stakeholders tracking Workday, Inc., this filing contains several important signals. This 10-K filing provides investors with a detailed overview of Workday's financial health, operational performance, and strategic direction for the past fiscal year. The report is crucial for understanding the company's financial position, including revenue streams, expenses, and equity, which can influence investment decisions.

Risk Assessment

Risk Level: medium — Workday, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine disclosure for public companies, but the sheer volume of data and the complexity of financial reporting introduce inherent risks in interpretation and potential for missed details.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to assess Workday's performance and future outlook.

Revenue Breakdown

Key Numbers

• 2024-01-31 — Fiscal Year End (The end date of the reporting period)
• 2024-03-08 — Filing Date (The date the 10-K was filed with the SEC)

Key Players & Entities

• Workday, Inc. (company) — Filer of the 10-K report
• 2024-01-31 (date) — Fiscal year end
• 2024-03-08 (date) — Filing date
• Pleasanton, CA (location) — Business address city and state
• DE (location) — State of incorporation

FAQ

Industry Context

Workday operates in the enterprise cloud applications sector, providing human capital management, financial management, and planning software.

Regulatory Implications

As a public company, Workday is subject to SEC regulations and reporting requirements, including the filing of annual 10-K reports.

What Investors Should Do

1. Analyze Workday's revenue growth in Subscription Services and Professional Services for FY2024.
2. Examine the company's expense structure, including R&D, Sales & Marketing, and G&A.
3. Review any disclosed risk factors related to market competition or operational challenges.

Key Dates

• 2024-01-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-08: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This filing is the 2024 10-K, providing the latest annual financial and operational data for Workday, Inc.

Key Financial Figures

• $0.001 — stered Class A Common Stock, par value $0.001 WDAY The Nasdaq Stock Market LLC (Na
• $237.13 — y 31, 2023 (based on a closing price of $237.13 per share) held by non-affiliates was a

Filing Documents

• wday-20240131.htm (10-K) — 2130KB
• wday-01312024xex105.htm (EX-10.5) — 950KB
• wday-01312024xex107.htm (EX-10.7) — 244KB
• wday-01312024xex211.htm (EX-21.1) — 30KB
• wday-01312024xex231.htm (EX-23.1) — 4KB
• wday-1312024xex311.htm (EX-31.1) — 11KB
• wday-1312024xex312.htm (EX-31.2) — 12KB
• wday-1312024xex321.htm (EX-32.1) — 5KB
• wday-1312024xex322.htm (EX-32.2) — 5KB
• wday-01312024xex97.htm (EX-97) — 49KB
• image_0.jpg (GRAPHIC) — 27KB
• wday-20240131_g1.jpg (GRAPHIC) — 151KB
• 0001327811-24-000044.txt (&nbsp;) — 14264KB
• wday-20240131.xsd (EX-101.SCH) — 73KB
• wday-20240131_cal.xml (EX-101.CAL) — 150KB
• wday-20240131_def.xml (EX-101.DEF) — 513KB
• wday-20240131_lab.xml (EX-101.LAB) — 1004KB
• wday-20240131_pre.xml (EX-101.PRE) — 778KB
• wday-20240131_htm.xml (XML) — 1907KB

Business

Item 1. Business 1

Risk Factors

Item 1A. Risk Factors 8

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 28

Cybersecurity

Item 1C. Cybersecurity 28

Properties

Item 2. Properties 30

Legal Proceedings

Item 3. Legal Proceedings 30

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 30 PART II

Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 31

[Reserved]

Item 6. [Reserved] 33

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 34

Quantitative and Qualitative Disclosures about Market Risk

Item 7A. Quantitative and Qualitative Disclosures about Market Risk 47

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 48

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 86

Controls and Procedures

Item 9A. Controls and Procedures 86

Other Information

Item 9B. Other Information 87

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 87 PART III

Directors, Executive Officers, and Corporate Governance

Item 10. Directors, Executive Officers, and Corporate Governance 88

Executive Compensation

Item 11. Executive Compensation 88

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 88

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 88

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 88 PART IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 89

Form 10-K Summary

Item 16. Form 10-K Summary 92

Signatures

Signatures 93 Table of Contents PART I As used in this report, the terms " Workday, " " registrant, " " we, " " us, " and " our " mean Workday, Inc. and its subsidiaries unless the context indicates otherwise. Our fiscal year ends on January 31. References to fiscal 2024, for example, refer to the year ended January 31, 2024 . SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This report contains forward-looking statements, which are subject to safe harbor protection under the Private Securities Litigation Reform Act of 1995. All statements contained in this report other than statements of historical fact, including statements regarding our future financial condition and operating results, business strategy and plans, and objectives for future operations, are forward-looking statements. The words " believe, " " may, " " will, " " estimate, " " continue, " " anticipate, " " intend, " " expect, " " seek, " " plan, " and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations, beliefs, and projections about future events, conditions, and trends that we believe may affect our financial condition, operating results, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control, such as those arising from the impact of recent macroeconomic events, including inflation, increased interest rates, and geopolitical factors, as well as those described in the " Risk Factors " section, which we encourage you to read carefully. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors

BUSINESS

ITEM 1. BUSINESS Overview Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money. Workday provides more than 10,000 organizations with AI-powered cloud solutions to help solve some of today's most complex business challenges, including supporting and empowering their workforce, managing their finances and spend in an ever-changing environment, and planning for the unexpected. Our purpose is to inspire a brighter work day for all. We strive to make the world of work and business better, and hope to empower customers to do the same through an innovative suite of solutions licensed by more than 65 million users around the world and across industries – from medium-sized businesses to more than 50% of the Fortune 500. Central to our purpose is a set of core values – with our employees as number one – along with customer service, innovation, integrity, fun, and profitability. We believe that having happy employees leads to happy customers, and we are committed to helping our customers adapt and thrive in this increasingly dynamic business environment. As organizations face changing conditions, we believe the need for an intuitive, scalable, and secure platform that ties finance, people, suppliers, and plans together in one version of truth is more important than ever. Workday's Artificial Intelligence ("Workday AI") is built into our platform, allowing us to rapidly deliver and sustain models that can solve countless business problems. As a result, Workday AI helps deliver better employee experiences, increase productivity, improve operational efficiencies, and provide insights for faster, data-driven decision-making. Workday provides organizations with a unified system that can help them plan, execute, analyze, and extend to other applications and environments, thereby helping them continuously adapt how they manage their business and operations. To support this, Workday delivers weekly product u