01—Abstract
Summary
Summary of the 8-K filed September 17, 2025. Cited figures are marked; the original filing is the authoritative source.
Workday, Inc. (WDAY) announced a significant new share repurchase program, authorizing up to an additional $4.0 billiona of its Class A common stock.
This program, coupled with the remaining $1.2 billionb under existing authorizations as of July 31, 2025, signals Workday's intent to repurchase approximately $5.0 billion of its stock through fiscal 2027. This substantial capital return initiative indicates management's confidence in the company's financial health and future prospects, and suggests a belief that the company's stock may be undervalued. Investors should note that the repurchase program has no expiration date and can be modified or terminated at the company's discretion.
The repurchases will be executed through various methods, including open market purchases and Rule 10b5-1 trading plans, with the timing and total amount subject to market conditions and business considerations. While this program can be accretive to earnings per share by reducing the number of outstanding shares, it also means less capital will be available for other strategic investments or debt reduction.
02—Key points
Key Highlights
- Workday authorized an additional $4.0 billion share repurchase program for its Class A common stock.
- The company intends to repurchase approximately $5.0 billion of its Class A common stock through fiscal 2027.
- As of July 31, 2025, approximately $1.2 billion remained available under existing share repurchase authorizations.
- The new repurchase program has no expiration date and can be suspended or discontinued at any time.
- Repurchases may be conducted via open market purchases, 10b5-1 trading plans, or privately negotiated transactions.
- The timing and total amount of repurchases are subject to business, economic, and market conditions.
03—Questions
Frequently Asked Questions
What is the total value of the new share repurchase authorization?
Workday's Board of Directors authorized an additional $4.0 billion for share repurchases of its Class A common stock.
When does Workday plan to complete these repurchases?
Workday intends to repurchase approximately $5.0 billion of its Class A common stock through fiscal 2027, which includes the new authorization and any remaining amounts from existing programs.
How will Workday execute these share repurchases?
The company may repurchase shares through open market purchases, including Rule 10b5-1 trading plans, privately negotiated transactions, or other permissible means, depending on market conditions and other factors.
Does the repurchase program have an end date?
No, the share repurchase program has no expiration date. It may be suspended or discontinued at any time at Workday's discretion.
04—Continue