Workday Reports Additional $4.0 Billion Share Repurchase Authorization
Summary
Workday's Board of Directors authorized an additional $4.0 billion for its share repurchase program on September 16, 2025. This new authorization supplements approximately $1.2 billion remaining from existing programs as of July 31, 2025. The company intends to repurchase approximately $5.0 billion of its Class A common stock through fiscal 2027. The Share Repurchase Program has no expiration date and repurchases may occur via open market purchases or Rule 10b5-1 plans.
Why It Matters
The authorization of an additional $4.0 billion for share repurchases, alongside an intent to repurchase $5.0 billion through fiscal 2027, signals a significant capital allocation strategy. This move can reduce outstanding shares, potentially boosting earnings per share and reflecting management's confidence in the company's value.
Key Quote
“On September 16, 2025, Workday announced that its Board of Directors authorized the repurchase of up to an additional $4.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001327811
- Filing Date
- Wednesday, September 17, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral