Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 31, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For transition period from to Commission File Number: 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) Delaware 20-2480422 (State or other ...

Financial Data and Key Metrics Changes - Subscription revenue for Q2 was $1.11 billion, up 20% year-over-year, driven by strong new business sales and high customer renewals with gross retention over 95% [32] - Total revenue reached $1.26 billion, with professional services revenue at $147 million [32] - The 24-month backlog at the end of Q2 was $6.88 billion, a growth of 19%, while total subscription revenue backlog was $10.58 billion, up 23% [33] - Non-GAAP operating income for Q2 was $292 million, resulting in a non-GAAP operating margin of 23% [34] - Operating cash flow in Q2 was $198 million, reflecting a growth of 26% [34] Business Line Data and Key Metrics Changes - The Workday Adaptive Planning business saw nearly 50% ACV growth, indicating strong demand for financial management applications [15] - New core financial customers in Q2 included Cinemark U.S.A., University of Wisconsin System, and Wise Markets, showcasing growth in core financial deployments [16] - Peakon's first full quarter resulted in the largest quarter in its history, indicating strong traction in employee engagement solutions [14] Market Data and Key Metrics Changes - Revenue outside the U.S. was $318 million, up 24% year-over-year, representing 25% of total revenue [33] - EMEA showed healthy acceleration in new ACV bookings, particularly in France and Spain, indicating strong international market performance [27] Company Strategy and Development Direction - The company is focused on broadening its platform and extending product capabilities, including the introduction of Workday Payroll for Australia and Germany [17] - Workday achieved ready status for the Federal Risk and Authorization Management program (FedRAMP), enhancing its position to assist federal agencies in digital transformation [18] - The company plans to invest heavily in its workforce and culture, with a new cash bonus plan to motivate employees [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong digital transformation demand across HR and finance sectors [20] - The company anticipates continued growth momentum in the second half of the year, driven by a robust pipeline and customer demand [20] - Management noted that the pandemic has accelerated the need for companies to modernize their systems, leading to increased demand for Workday's solutions [58] Other Important Information - The company plans to ramp up hiring, targeting 2,500 new employees by the end of the fiscal year [36] - Non-GAAP operating margins are expected to be 21% in Q3 and 16% in Q4, with a full-year expectation of 21% [40] Q&A Session Summary Question: Can you discuss the acceleration in ACV growth and what factors contributed to it? - Management noted that CEOs are optimistic about digital transformation, leading to increased actions and pipeline activity [46][48] Question: How is the backlog growth impacted by the expiry base? - Management confirmed that the expiry base is affecting the 24-month backlog but does not impact new ACV bookings or subscription revenue [50] Question: What is the strategy for surrounding accounts with peripheral systems? - Management highlighted the importance of having a combination of HCM and financial modules, noting strong demand for core financial systems [55] Question: How is the hiring environment progressing? - Management indicated that hiring is back-end loaded, with a strong recruiting engine in place to meet targets [76] Question: What is the contribution of new customers versus existing customers to the backlog? - Management stated that while the backlog is shifting towards renewals, there is a notable contribution from new customers this year [84] Question: How do you see the sales opportunity in the federal segment post-FedRAMP? - Management expects to see a build-up in the pipeline for federal agencies, with HR and financial solutions being a good fit [111] Question: What is the outlook for payroll functionality expansion? - Management plans to continue investing in payroll integration globally, focusing on country-by-country development [113]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For transition period from to Commission File Number: 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) Delaware 20-2480422 (State or other jur ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 30, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For transition period from to Commission File Number: 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) Delaware 20-2480422 (State or other ju ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) Delaware 20-2480422 (State or other jurisdict ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 OR For the quarterly period ended October 31, 2020 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For transition period from to Commission File Number: 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) Delaware 20-2480422 (State or other ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 2020 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For transition period from to Commission File Number: 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended April 30, 2020 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For transition period from to Commission File Number: 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorp ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K For the fiscal year ended January 31, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ☐ ACT OF 1934 For transition period from to Commission File Number 001-35680 WORKDAY, INC. (Exact name of registrant as specified in its charter) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended October 31, 2019 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 001-35680 Workday, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant is a shell company ( ...