Workday achieved fiscal 2026 total revenues of $9.552 billion, up 13.1% year-over-year, with subscription revenues of $8.833 billion, up 14.5% year-over-year. The company achieved over $100 million in new ACV from emerging AI products in Q4, growing over 100% year-over-year. CEO Aneel Bhusri is bullish on the direction of agentic solutions built on core HR and financial applications, with rapid growth from acquired solutions and deeply embedded organic solutions coming to market.
Cyborg Score Rationale
Workday demonstrated strong operational momentum with 13.1% total revenue growth, 14.5% subscription revenue growth, and 19.4% operating cash flow growth in fiscal 2026. The company delivered 1.7 billion AI actions across its platform in fiscal 2026 and is executing a clear AI-first strategy. However, FY27 subscription growth guidance of 12-13% is seen as conservative, and the company faces challenges in accelerating net new large enterprise deals.
Top Insights
Workday delivered 1.7 billion AI actions across its platform in fiscal 2026 with annualized AI product revenue exceeding $400 million.
Total subscription revenue backlog reached $28.101 billion, increasing 12.2% year-over-year.
The company maintains a high gross revenue retention rate of 97%, reflecting strong customer satisfaction and trust.
Strategic AI initiatives include Paradox Conversational ATS for hiring, Pipedream integration platform with 3,000+ pre-built connectors, and expanded ecosystem partnerships.
Named Competitors
SuccessFactors — Cloud HR and talent management solutions
Oracle HCM Cloud — Enterprise human capital management platform