Workday (NASDAQ: WDAY) authorizes extra $4.0B stock buybacks

Rhea-AI Filing Summary

Workday, Inc. reported that its Board of Directors authorized the repurchase of up to an additional $4.0 billion of its outstanding Class A common stock under a share repurchase program with no expiration date. As of July 31, 2025, approximately $1.2 billion of Class A shares remained available for repurchase under existing authorizations, and Workday now intends to repurchase about $5.0 billion of Class A stock through fiscal 2027. Repurchases may occur over time via open market purchases, Rule 10b5-1 trading plans, privately negotiated transactions, or other methods, with actual activity depending on business, economic, market, regulatory, and pricing conditions.

Positive

• Large additional buyback authorization: Board approved up to an extra $4.0 billion in Class A share repurchases, with total intended repurchases of about $5.0 billion through fiscal 2027.

Negative

• None.

Insights

Equity Capital Allocation Analyst

Workday adds a sizable new $4.0B buyback authorization, targeting $5.0B repurchases through fiscal 2027.

Workday’s Board approved repurchases of up to an additional $4.0 billion in Class A common stock, on top of existing authorizations. Combined with the approximately $1.2 billion that was still available as of July 31, 2025, the company now intends to repurchase about $5.0 billion of stock through fiscal 2027. This indicates a significant commitment to returning capital via share repurchases, although the program has no expiration and can be suspended or discontinued.

The company can execute repurchases through open market transactions, Rule 10b5-1 trading plans, privately negotiated deals, or other methods, providing flexibility to respond to market conditions and regulatory constraints. The filing emphasizes that the timing and total amount of repurchases will depend on factors such as business performance, economic and market conditions, prevailing stock prices, and corporate requirements, and that all forward-looking statements are subject to risks described in its Form 10-Q and Form 10-K.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 16, 2025

WORKDAY, INC.

(Exact name of registrant as specified in its charter)

Delaware			001-35680			20-2480422
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

6110 Stoneridge Mall Road

Pleasanton, California 94588

(Address of principal executive offices)

Registrant’s telephone number, including area code: (925) 951-9000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Class A Common Stock, par value $0.001			WDAY			The Nasdaq Stock Market LLC
						(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Section 8 – Other Events

Item 8.01 – Other Events

On September 16, 2025, Workday announced that its Board of Directors authorized the repurchase of up to an additional $4.0 billion of Workday’s outstanding shares of Class A common stock (the “Share Repurchase Program”). The Share Repurchase Program has no expiration date, may be suspended or discontinued at any time, and does not obligate Workday to acquire any amount of Class A common stock. As of July 31, 2025, approximately $1.2 billion of Workday’s outstanding shares of Class A common stock remain available and authorized for repurchase under Workday’s existing share repurchase authorizations. Workday intends to repurchase approximately $5.0 billion of its Class A common stock through fiscal 2027.

Workday may repurchase shares of Class A common stock from time to time through open market purchases, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in privately negotiated transactions, or by other means, in accordance with applicable securities laws and other restrictions. The timing and total amount of share repurchases will depend upon business, economic, and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations.

Forward-Looking Statements

This report contains forward-looking statements related to Workday’s intended share repurchases and the amount and timing of the share repurchases. These forward-looking statements are based only on currently available information and Workday’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this report, except as required by law.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 17, 2025

Workday, Inc.

/s/ Richard H. Sauer

Richard H. Sauer
Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary

FAQ

What did Workday (WDAY) announce regarding share repurchases?

Workday announced that its Board authorized the repurchase of up to an additional $4.0 billion of its outstanding Class A common stock under its share repurchase program.

How much remains under Workday’s existing share repurchase authorizations?

As of July 31, 2025, approximately $1.2 billion of Workday’s outstanding Class A common stock remained available and authorized for repurchase under existing authorizations.

What is Workday’s total planned share repurchase amount through fiscal 2027?

Workday stated that it intends to repurchase approximately $5.0 billion of its Class A common stock through fiscal 2027.

How can Workday (WDAY) execute its share repurchase program?

Workday may repurchase Class A shares through open market purchases, including Rule 10b5-1 trading plans, in privately negotiated transactions, or by other means in line with applicable securities laws.

Is Workday obligated to repurchase a specific amount of stock?

No. The share repurchase program has no expiration date, may be suspended or discontinued at any time, and does not obligate Workday to acquire any specific amount of Class A common stock.

What factors will influence the timing and amount of Workday’s buybacks?

Workday said the timing and total amount of share repurchases will depend on business, economic, and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations.