canar.ai
Rankings/WDAY/Q1 2024 Analysis

Workday, Inc.

WDAY
Q1 2024(WDAY Q4 FY2024)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$401.4M
AI Revenue (Q)
$64.8M
Total Revenue (Q)
$2.2B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.gov

Analysis

Full fiscal year 2024 revenue: subscription services $6,786M + professional services $680M = $7,466M (from 10-K). Workday rebranded its AI as 'Workday AI' built into the platform. Announced AI Marketplace and generative AI capabilities. However, the 10-K explicitly states subscriptions consist of 'fees that provide customers access to one or more of our cloud applications for financial management, spend management, human capital management, planning, and analytics.' AI is not a separate product line. No AI revenue figure or percentage disclosed by management. 3.0% estimate reflects growing AI integration but still fundamentally bundled into subscriptions.
Analyzed by claude-opus-4-6

Quoted Figures

Workday s Artificial Intelligence (Workday AI) is built into our platform, allowing us to rapidly deliver and sustain models that can solve countless business problems.
10-K for FY2024, Item 1 Business
We operate in one operating segment, cloud applications.
10-K for FY2024, Segment Information Note

AI Products Identified (Ring 1)

Workday AI (platform-wide AI)Workday AI MarketplaceML-powered skills intelligenceGenerative AI capabilitiesAnomaly detection in financial transactions

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Subscription services (HCM, financial management, planning, analytics)Professional services

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix