Workday Sets $11 Billion Subscription Goal as Agentic AI ARR Reaches $600 Million

Workday put agentic AI annual recurring revenue (ARR) at about $600 million at its Tuesday, Oct. 13, Financial Analyst Day and set a fiscal 2028 subscription revenue target of about $11 billion, making AI a central part of its growth framework. The company’s fiscal 2028 framework calls for subscription revenue growth of roughly 11% and a non-GAAP operating margin of at least 33%. Workday’s fiscal 2027 estimates are about $9.9 billion in subscription revenue, 13% growth and a 31% margin. The fiscal 2028 figures are targets, not reported results. Workday said agentic AI ARR had more than tripled from its year-earlier level. It projected AI would account for more than 50% of incremental ARR from existing customers this year and about 70% in fiscal 2028.

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