Wday Stock Draws Fresh Backing as Workday Posts Double-Digit Revenue Gains
Workday’s fiscal 2026 results and a fresh position by a large-cap investor have pushed wday stock back into the spotlight. The company reported fiscal fourth-quarter total revenues of $2. 532 billion and on Feb. 23, 2026 the shares closed at $129. 21, marking a turbulent stretch that investors are now revisiting.
Wday Stock: Madison Initiates Position amid leadership shift
In its fourth-quarter 2025 investor letter, Madison Large Cap Fund said it initiated a position in Workday and highlighted the company’s transition to a new leadership team as a driver of prospective returns. Madison pointed to Workday’s plan to sustain double-digit revenue growth by expanding its product suite into public institutions, international corporations and medium-sized enterprises, and by commercializing AI agents that the firm believes should be additive to revenue. The letter also cited share repurchases, an "excellent balance sheet, " strong cash flow and "best-in-class customer retention rates. " The fund’s fourth-quarter performance was an appreciation of 3. 43% versus the S&P 500’s 2. 65% for the same period, and Madison noted that hedge fund ownership of Workday rose to 69 portfolios at the end of the fourth quarter from 64 the prior quarter.
Workday posts fiscal 2026 gains and issues fiscal 2027 guidance
Workday reported fiscal fourth-quarter subscription revenues of $2. 360 billion, up 15. 7% year over year, contributing to fiscal 2026 total revenues of $9. 552 billion, up 13. 1% from the prior year. Subscription revenues for the full fiscal year totaled $8. 833 billion, up 14. 5%, and operating cash flows rose to $2. 939 billion, an increase of 19. 4% year over year. The company provided guidance for fiscal 2027 subscription revenues in a range of approximately $9. 925 billion to $9. 950 billion, which it said represents 12% to 13% growth, and it set an expected non-GAAP operating margin of approximately 30. 0% for the year. A conference call to review the results and outlook was scheduled for Feb. 24, 2026 at 1: 30 p. m. PT/4: 30 p. m. ET, with a live webcast and a replay available for approximately 90 days.
Investor reaction, stock performance and what comes next
Despite the upbeat revenue and cash-flow figures, wday stock has endured a difficult recent stretch: the shares were down 32. 30% over one month and had lost 50. 65% over the trailing 52 weeks, with a market capitalization listed at $34. 499 billion. Company leaders framed the results as validation of their AI strategy: Aneel Bhusri, co-founder, CEO and chair, said AI gives Workday an opportunity to bring innovation back to HR and finance workflows, while CFO Zane Rowe highlighted the deep trust customers place in the platform and reiterated the company’s fiscal 2027 targets. With those targets in place, the immediate next public milestone is the company’s webcasted call on Feb. 24, 2026 at 4: 30 p. m. ET and the forthcoming quarterly guidance for the fiscal 2027 first quarter ending April 30, 2026.
Workday’s near-term outlook will be shaped by whether subscription revenue growth tracks the 12%–13% range the company set for fiscal 2027 and by execution on its agentic AI roadmap, both points the upcoming call and the filed guidance are expected to clarify.
