Added10-Q 2026-08-27 vs 10-K 2026-03-06
• the impact of continuing global economic and geopolitical volatility and conflicts;
WDAYWorkday, Inc.
Workday is the enterprise AI platform for managing people, money, and agents. 10-K, Item 1
- Headquarters
- Pleasanton, CA
- CEO
- Aneel Bhusri
- Next results
- around Nov 24, 2026
10 paragraphs in Risk Factors of the 10-K filed Mar 6, 2026 with nothing like them in the 10-K filed Mar 11, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 74 Technology companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
•the technical, legal, and regulatory environment in connection with our use of new and evolving technologies in our offerings, such as AI;
Read in the 10-K ↗
•increased travel, real estate, infrastructure, and legal and regulatory compliance costs associated with international operations;
Read in the 10-K ↗
•laws, contracting approaches, customs, and business practices favoring local vendors over U.S.-based companies, which may be increased by geopolitical tensions;
Read in the 10-K ↗
•the impact on stockholder dilution and our operating results from the additional stock-based compensation issued in connection with the acquisition;
Read in the 10-K ↗
Regulatory developments in the U.S. present additional risks. For example, the California Consumer Privacy Act (“CCPA”) took effect on January 1, 2020, and the California Privacy Rights Act (“CPRA”), which expands upon the CCPA, came into effect on January 1, 2023. The CCPA and CPRA give California consumers, including employees, certain rights similar to those provided by the GDPR, and also provide for statutory damages or fines on a per violation basis that could be very large depending on the severity of the violation. In addition, numerous states have enacted, or are considering, comprehensive privacy laws and other laws that touch on the processing of personal data in specific contexts, including in connection with artificial intelligence and automated systems, further contributing to a fragmented and evolving regulatory landscape that has and may continue to create compliance challenges.
Additionally, a final rule issued by the U.S. Department of Justice establishing a “Data Security Program” came into effect on April 8, 2025. The rule prohibits or restricts certain transactions that could result in access to bulk U.S. sensitive personal data or U.S. government-related data by countries of concern, including China (which includes Hong Kong and Macau). The rule imposes certain diligence, security, audit and record-keeping requirements, and may adversely impact certain of our global business operations, including by restricting or conditioning certain data access or transfers involving subsidiaries, affiliates, and vendors.
Read in the 10-K ↗
In addition, as AI technologies are increasingly used across the industry, including in connection with data analytics, automation, customer service, and decision-support features, the speed, scale, and complexity of data processing may increase, which may heighten data privacy risks. AI-enabled or agentic AI features may be targeted, misused, or produce outputs or inferences that implicate personal data in ways that are difficult to anticipate or control, potentially resulting in regulatory scrutiny, litigation, or reputational harm, even in the absence of a data breach.
Read in the 10-K ↗
Beyond licensing compliance, our use of and investment in open source AI models and platforms create distinct and significant risks. Open source AI models may be trained on data of unknown or uncertain provenance, which could include copyrighted or otherwise proprietary, confidential, or private information. If our applications or the agents our customers build using our platforms incorporate such models, we could face claims for copyright infringement and other violations. Open source AI components may also be subject to “data poisoning” and other security vulnerabilities. Many of the risks associated with usage of open source software, particularly in the rapidly evolving field of AI, cannot be eliminated and could negatively affect our business.
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Our contracts with federal, state, local, and foreign government entities are subject to various procurement regulations and other requirements relating to their formation, award, administration, and performance, which present certain risks and challenges not present in private commercial agreements. These risks and challenges include varying governmental budgeting processes and appropriations, contracting policies and requirements, changes in governmental administrations and policies, fluctuations due to government spending cuts and shutdowns, pressure to reduce deficits through spending reductions, highly competitive and lengthy bidding processes, and adherence to complex regulatory requirements and executive orders, and may impact government spending or result in termination of government contracts or delays in contract awards, which could adversely affect our business and operating results. Further, we have experienced and may in the future experience challenges by third parties to contracts awarded with government entities, and our contracting with certain government entities may result in negative publicity or reputational harm.
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1 more
•actions instituted by activist shareholders or others, and our response to such actions;
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New in the latest 10-Q
3 paragraphs in the 10-Q filed Aug 27, 2026 with nothing like them in the 10-Q filed May 22, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Due within 1 year $ 698 Due 1 year through 5 years 2,010 Due 5 years through 10 years 19 Due after 10 years 15 Total debt securities $ 2,742
Read in the 10-Q ↗
The income tax benefit for the three and six months ended July 31, 2026, was primarily attributable to an intra-entity transfer of certain intellectual property rights as part of an internal legal entity restructuring. In connection with the transaction, we recognized $374 million of deferred tax assets related to deductible temporary differences associated with certain tax attributes transferred at carryover basis. This benefit was partially offset by income tax expense primarily attributable to earnings in the U.S. and profitable foreign jurisdictions.
Read in the 10-Q ↗
Other information
During the three months ended July 31, 2026, the following directors and/or officers of Workday adopted or terminated a “Rule 10b5-1 trading arrangement,” as defined in item 408(a) of Regulation S-K intending to satisfy the affirmative defense conditions of Rule 10b5-1(c):
Read in the 10-Q ↗
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Aug 27, 2026 against Item 1A of the 10-K filed Mar 6, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
Added10-Q 2026-08-27 vs 10-K 2026-03-06
• limit our flexibility in planning for and reacting to changes in our business;
Added10-Q 2026-08-27 vs 10-K 2026-03-06
• changes in investor and analyst valuation models for our Class A common stock;
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
Examples of key cybersecurity risks include viruses, worms, ransomware, and other malicious software programs, along with social engineering attacks, fraud, credential theft or abuse, exploitation of software bugs or other defects, targeted attacks against cloud services and other hosted software, and exploitation of unmanaged software or systems, any of which can result in a compromise of our applications or systems and the data we store or process, and can result in disclosure of Workday confidential information and intellectual property, production downtimes, reputational harm, and an increase in costs to the business. systems.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
Cybersecurity threats and attacks are often targeted at companies such as ours and may take a variety of forms ranging from individuals or groups of security researchers, including those who appear to offer a solution to a vulnerability in exchange for some compensation, and insiders, to sophisticated hacker organizations, including state-sponsored actors who may launch coordinated attacks, or attacks and financially motivated by the type of data that is processed by our customers, including our public sector customers, on our platform. actors.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
As a result, a compromise of our applications or systems, or unauthorized access to, acquisition, use, tampering, release, alteration, theft, loss, or destruction of sensitive data, or unavailability of data or our applications, has and could disrupt our operations or impact the availability or performance of our applications; expose us and our customers to regulatory obligations and enforcement actions, litigation, investigations, remediation and indemnity obligations, or supplemental disclosure obligations; damage our reputation and brand; or result in loss of customer, consumer, and partner confidence in the security of our applications, applications; result in an increase in our insurance premiums, suspension or loss of authorization under the Federal Risk and Authorization Management Program (“FedRAMP”) or other authorizations, impairment to authorizations; impair our business, competitive position; and result in other potential liabilities or related fees, expenses, or loss of revenues. revenues, any of which could adversely affect our business and operating results.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
In fiscal 2023, we issued $3.0 billion aggregate principal amount of senior notes, notes (“Senior Notes”), consisting of $1.0 billion aggregate principal amount of 3.500% notes due April 1, 2027 (“2027 Notes”), 2027, $750 million aggregate principal amount of 3.700% notes due April 1, 2029 (“2029 Notes”), 2029, and $1.25 billion aggregate principal amount of 3.800% notes due April 1, 2032 (“2032 Notes,” and together with the 2027 Notes and the 2029 Notes, “Senior Notes”). 2032.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
The compensation and incentives we have available provide to attract, retain, and motivate employees may not meet the expectations of current and prospective employees as the competition for talent intensifies. intensifies, and if our stock price decreases or increases at a slower rate than our talent competitors, our equity awards become less effective.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
In addition, numerous states have enacted, or are considering, comprehensive privacy laws and other laws that touch on the processing of personal data in specific contexts, including in connection with artificial intelligence AI and automated systems, further contributing to a fragmented and evolving regulatory landscape that has and may continue to create compliance challenges. systems.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
Similarly, the rate at which our customers purchase new or enhanced services services, including certain of our AI and platform capabilities that we offer through a subscription-based flexible pricing model, depends on a number of factors, including general economic conditions and customer receptiveness to any price changes related to these additional features and services.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
Federal Trade Commission continues Commission, have brought and continue to bring enforcement actions for unfair or deceptive related to data protection practices and may undertake its own privacy-related rulemaking.
Reworded10-Q 2026-08-27 vs 10-K 2026-03-06
You should carefully consider the risks and uncertainties described below, together with all of the other information in this report, including the condensed consolidated financial statements and the related notes included elsewhere in this Annual Report on Form 10-K, report, before making an investment decision.
The first 15 of 20 are shown (at most 12 of each type).
Work on WDAY in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/WDAY/export.csv") into a cell.