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Workday slips as tepid Q3 subscription revenue disappoints investors

ReutersNov 26, 2025 9:38 AM

Workday WDAY.O shares dip 6.2% at $219.1 premarket

Human resources software provider reported Q3 subscription revenue of $2.24 billion, in line with analyst estimates, per data compiled by LSEG

"Solid execution was partially offset by weakness among institutions relying on federal funding (primarily higher ed)," said analysts at Piper Sandler

The company forecast Q4 subscription revenue of about $2.36 billion, compared with analysts' average estimate of $2.35 billion

At least four brokerages cut their price targets post the results

Stock rated "buy" on avg; median PT is $280 -data compiled by LSEG

As of last close, WDAY down 9.4% YTD

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