Workday Stock Fall As Q3 Earnings Beat Estimates: Details

Benzinga

Workday beat Q3 earnings and revenue expectations, with subscription revenue up nearly 15% and total backlog rising 17% to $25.96 billion, boosted by the Paradox acquisition. CEO Carl Eschenbach said AI momentum and the company’s unified platform are driving adoption. Shares slipped in extended trading.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Workday beat Wall Street expectations on earnings and revenue in the third quarter,

00:06reporting adjusted earnings of $2.32 per share on $2.43 billion in revenue,

00:13according to Benzinga Pro. Subscription revenue rose 14.6% to $2.24 billion.

00:20The 12-month subscription revenue backlog reached $8.21 billion, up 17.6%,

00:26and the total backlog climbed 17% to $25.96 billion.

00:32The subscription revenue backlogs reflect the added impact of the Paradox acquisition,

00:36completed in the third quarter of fiscal 2026.

00:40CEO Carl Eschenbach said Workday's AI momentum and unified platform for people,

00:45money, and AI agents are driving customer adoption.

00:48Shares fell 3.7% to $226.21 in Tuesday's extended trading.

00:55For all things money, visit Benzinga.com.

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