Workday Trading Volume Surges to $1.45 Billion Ranks 37th as AI Expansion Drives 12.6% Revenue Growth

On August 21, 2025, Workday (WDAY) closed with a 0.04% gain, while its trading volume surged 59.68% to $1.45 billion, ranking 37th in the market. The company reported fiscal Q2 2026 results, with total revenue reaching $2.348 billion, up 12.6% year-over-year, driven by a 14.0% increase in subscription revenue to $2.169 billion. Non-GAAP operating income hit $680 million, or 29.0% of revenue, compared to $518 million in the prior year. CEO Carl Eschenbach highlighted AI innovation and international growth as key drivers, while CFO Zane Rowe raised full-year subscription revenue guidance to $8.815 billion, reflecting 14.2% growth.

Recent business developments included the acquisition of Paradox, a conversational AI recruitment platform, and Flowise, a low-code AI development tool. The company expanded its customer base with clients like Banamex and Carrefour and strengthened ties with Google and Qantas Airways. Workday also launched Workday Government, a U.S. government-focused subsidiary, and expanded its India operations. These moves underscore its focus on AI integration and market diversification.

Financially, the firm reported $8.19 billion in cash and equivalents, with $299 million spent on share repurchases. Free cash flow for the quarter was $588 million, up from $516 million in the prior year. The company faces challenges in its public sector segment, with Eschenbach noting funding uncertainties in state and higher education markets, particularly amid shifting political dynamics in the U.S.

A backtested strategy of purchasing the top 500 stocks by daily trading volume from 2022 to 2025 yielded a 31.52% total return over 365 days, with a 0.98% average daily return. The approach saw peak performance in June 2023 (7.02%) but faced a -4.20% loss in September 2022, reflecting volatility tied to market conditions.