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Pay vs Performance Disclosure
pure in Thousands
12 Months Ended
Jan. 31, 2024
USD ($)
Jan. 31, 2023
USD ($)
Jan. 31, 2022
USD ($)
Jan. 31, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following disclosure regarding executive compensation for our principal executive officers (“PEOs”) and our other NEOs (“Non-PEO NEOs”) and our performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown. For further information concerning our pay-for-performance philosophy and how we structure our executive compensation to drive and reward performance, refer to “Executive Compensation  — Compensation Discussion and Analysis.” The amounts shown for “Compensation Actually Paid” have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by our NEOs; these amounts reflect the Summary Compensation Table total with certain adjustments as described in the following table and footnotes.
Year
Summary
Compensation
Table Total
for PEO ($)
(Bhusri)
(1)
Compensation
Actually
Paid to

PEO ($)
(Bhusri)(4)(5)
Summary
Compensation
Table
Total for

PEO ($)
(Eschenbach)(2)
Compensation
Actually
Paid to

PEO ($)
(Eschenbach)(4)(6)
Average
Summary
Compensation
Table
Total for
Non-PEO
NEOs ($)
(3)
Average
Compensation
Actually
Paid to
Non-PEO
NEOs ($)
(4)(7)
Value of Initial Fixed
$100 Investment Based On:
(8)
Net
Income
($ millions)
(9)
Adjusted
Subscription
Revenue
($ millions)
(10)
Total
Shareholder
Return ($)
Peer
Group
Total
Shareholder
Return ($)
(a)
(b)(1)
(c)(1)
(b)(2)
(c)(2)
(d)
(e)
(f)
(g)
(h)
(i)
FY24 31,181,565 55,478,130 2,521,664 83,532,656 17,598,668 26,543,948 158 179 1,381 6.61
FY23 17,297,412 9,397,020 102,685,309 109,947,072 10,404,679 3,826,484 98 119 (367) 5.58
FY22 18,431,406 19,634,025 9,768,972 11,928,801 137 146 29 4.55
FY21 2,693,925 5,713,506 10,037,001 17,263,222 123 132 (282) 3.79
(1)
Aneel Bhusri served as our Co-Chief Executive Officer from August 2020 through January 2024, the end of our fiscal 2024, and currently serves as our Executive Chair.
(2)
Carl Eschenbach served as our Co-Chief Executive Officer from December 20, 2022 through January 2024 and currently serves as our sole Chief Executive Officer.
(3)
The individuals comprising the Non-PEO NEOs for each year are listed below:
FY24
FY23
FY22
FY21
James J. Bozzini
James J. Bozzini
James J. Bozzini
James J. Bozzini
Sayan Chakraborty
Barbara A. Larson
Douglas A. Robinson
Richard H. Sauer
Barbara A. Larson
Douglas A. Robinson
Richard H. Sauer
Robynne D. Sisco
Douglas A. Robinson
Richard H. Sauer
Robynne D. Sisco
Zane Rowe
(4)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs and the Non-PEO NEOs as required by Item 402(v) of Regulation S-K, as set forth in the tables below. The fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns has been estimated pursuant to the guidance in ASC Topic 718. The fair values of RSU awards that are subject to solely service-based vesting criteria are calculated using the closing price of our Class A common stock on applicable year-end dates, or, in the case of vesting dates, the closing price on the date prior to the applicable vesting dates.
(5)
Compensation Actually Paid to Mr. Bhusri for fiscal 2024 reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:
FY24
Total Reported in Summary Compensation Table (SCT)($)
31,181,565
Less, value of Stock Awards reported in SCT
28,122,189
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding
44,758,998
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding
5,968,473
Plus, FMV of Awards Granted this Year and that Vested this Year
Plus, Change in Fair Value (from prior year-end) of Prior Year Awards that Vested this year
1,691,283
Less Prior Year Fair Value of Prior Year Awards that Failed to vest this year
Total Adjustments 52,418,754
Compensation Actually Paid
55,478,130
(6)
Compensation Actually Paid to Mr. Eschenbach for fiscal 2024 reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:
FY24
Total Reported in Summary Compensation Table (SCT)($)
2,521,664
Less, value of Stock Awards reported in SCT(i)
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding(i)
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding(ii)
69,264,018
Plus, FMV of Awards Granted this Year and that Vested this Year
Plus, Change in Fair Value (from prior year-end) of Prior Year Awards that Vested this year(iii)
11,746,974
Less Prior Year Fair Value of Prior Year Awards that Failed to vest this year
Total Adjustments 81,010,992
Compensation Actually Paid
83,532,656
(i)
Mr. Eschenbach was not eligible for equity awards in fiscal 2024.
(ii)
Reflects Mr. Eschenbach’s unvested time-based RSUs, unearned portions of the PVU award that remain eligible for achievement and earned portion of the PSU award that remain subject to on-going time based vesting. The change in fair value for the unearned portion of the PVU award is computed in accordance with ASC Topic 718 using the Monte Carlo simulation model, including updated input variables for such model, as of January 31, 2024. The amount does not reflect the actual economic value that may ultimately be realized by Mr. Eschenbach.
(iii)
Reflects Mr. Eschenbach’s time-based RSUs that vested during fiscal 2024 and earned portions of the PVU award that also became time-vested during fiscal 2024. The amount does not reflect the actual economic value that may ultimately be realized by Mr. Eschenbach.
(7)
The average Compensation Actually Paid to the Non-PEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:
FY24
Total Reported in Summary Compensation Table (SCT)($)
17,598,668
Less, value of Stock Awards reported in SCT
16,752,967
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding
19,750,497
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding
3,600,227
Plus, FMV of Awards Granted this Year and that Vested this Year
983,488
Plus, Change in Fair Value (from prior year-end) of Prior Year Awards that Vested this year
1,364,035
Less Prior Year Fair Value of Prior Year Awards that Failed to vest this year
Total Adjustments 25,698,247
Compensation Actually Paid
26,543,948
(8)
The Peer Group TSR set forth in this table utilizes the S&P 1500 Application Software Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024. The comparison assumes $100 was invested for the period starting January 31, 2020, through the end of the listed year in Workday Class A common stock and in the S&P 1500 Application Software Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(9)
The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable fiscal year.
(10)
We determined adjusted subscription revenue to be the most important financial performance measure (that is not otherwise required to be disclosed in the table) used to link company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal 2024. Subscription revenue primarily consist of fees that give our customers access to our cloud applications, which include related customer support. Subscription revenue are recognized over time as services are delivered and consumed concurrently over the contractual term, beginning on the date our service is made available to the customer. adjusted subscription revenue is subscription revenue adjusted for the impact of foreign currency rate fluctuations and certain acquisitions. See Appendix B for a reconciliation of GAAP subscription revenue to adjusted subscription revenue.
     
Company Selected Measure Name Adjusted Subscription Revenue      
Named Executive Officers, Footnote
(1)
Aneel Bhusri served as our Co-Chief Executive Officer from August 2020 through January 2024, the end of our fiscal 2024, and currently serves as our Executive Chair.
(2)
Carl Eschenbach served as our Co-Chief Executive Officer from December 20, 2022 through January 2024 and currently serves as our sole Chief Executive Officer.
(3)
The individuals comprising the Non-PEO NEOs for each year are listed below:
FY24
FY23
FY22
FY21
James J. Bozzini
James J. Bozzini
James J. Bozzini
James J. Bozzini
Sayan Chakraborty
Barbara A. Larson
Douglas A. Robinson
Richard H. Sauer
Barbara A. Larson
Douglas A. Robinson
Richard H. Sauer
Robynne D. Sisco
Douglas A. Robinson
Richard H. Sauer
Robynne D. Sisco
Zane Rowe
     
Peer Group Issuers, Footnote
(8)
The Peer Group TSR set forth in this table utilizes the S&P 1500 Application Software Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the fiscal year ended January 31, 2024. The comparison assumes $100 was invested for the period starting January 31, 2020, through the end of the listed year in Workday Class A common stock and in the S&P 1500 Application Software Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
     
Adjustment To PEO Compensation, Footnote
(5)
Compensation Actually Paid to Mr. Bhusri for fiscal 2024 reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:
FY24
Total Reported in Summary Compensation Table (SCT)($)
31,181,565
Less, value of Stock Awards reported in SCT
28,122,189
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding
44,758,998
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding
5,968,473
Plus, FMV of Awards Granted this Year and that Vested this Year
Plus, Change in Fair Value (from prior year-end) of Prior Year Awards that Vested this year
1,691,283
Less Prior Year Fair Value of Prior Year Awards that Failed to vest this year
Total Adjustments 52,418,754
Compensation Actually Paid
55,478,130
(6)
Compensation Actually Paid to Mr. Eschenbach for fiscal 2024 reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:
FY24
Total Reported in Summary Compensation Table (SCT)($)
2,521,664
Less, value of Stock Awards reported in SCT(i)
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding(i)
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding(ii)
69,264,018
Plus, FMV of Awards Granted this Year and that Vested this Year
Plus, Change in Fair Value (from prior year-end) of Prior Year Awards that Vested this year(iii)
11,746,974
Less Prior Year Fair Value of Prior Year Awards that Failed to vest this year
Total Adjustments 81,010,992
Compensation Actually Paid
83,532,656
(i)
Mr. Eschenbach was not eligible for equity awards in fiscal 2024.
(ii)
Reflects Mr. Eschenbach’s unvested time-based RSUs, unearned portions of the PVU award that remain eligible for achievement and earned portion of the PSU award that remain subject to on-going time based vesting. The change in fair value for the unearned portion of the PVU award is computed in accordance with ASC Topic 718 using the Monte Carlo simulation model, including updated input variables for such model, as of January 31, 2024. The amount does not reflect the actual economic value that may ultimately be realized by Mr. Eschenbach.
(iii)
Reflects Mr. Eschenbach’s time-based RSUs that vested during fiscal 2024 and earned portions of the PVU award that also became time-vested during fiscal 2024.
     
Non-PEO NEO Average Total Compensation Amount $ 17,598,668 $ 10,404,679 $ 9,768,972 $ 10,037,001
Non-PEO NEO Average Compensation Actually Paid Amount $ 26,543,948 3,826,484 11,928,801 17,263,222
Adjustment to Non-PEO NEO Compensation Footnote
(7)
The average Compensation Actually Paid to the Non-PEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:
FY24
Total Reported in Summary Compensation Table (SCT)($)
17,598,668
Less, value of Stock Awards reported in SCT
16,752,967
Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding
19,750,497
Plus, Change in Fair Value of Prior Year Awards that are Unvested and Outstanding
3,600,227
Plus, FMV of Awards Granted this Year and that Vested this Year
983,488
Plus, Change in Fair Value (from prior year-end) of Prior Year Awards that Vested this year
1,364,035
Less Prior Year Fair Value of Prior Year Awards that Failed to vest this year
Total Adjustments 25,698,247
Compensation Actually Paid
26,543,948
     
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid versus Total Shareholder Return
[MISSING IMAGE: bc_totalsharret-pn.jpg]
     
Compensation Actually Paid vs. Net Income
Compensation Actually Paid versus Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid versus Adjusted Subscription Revenue
[MISSING IMAGE: bc_subscriprevenue-pn.jpg]
     
Total Shareholder Return Vs Peer Group
Compensation Actually Paid versus Total Shareholder Return
[MISSING IMAGE: bc_totalsharret-pn.jpg]
     
Tabular List, Table
Tabular List of Most Important Financial and Non-Financial Performance Measures
The following table is an unranked list of the financial and non-financial performance measures that we consider to have been the most important in linking Compensation Actually Paid to our PEO and non-PEO NEOs for fiscal 2024 to company performance, as further described in “Executive Compensation — Compensation Discussion and Analysis”. Time-vesting equity compensation makes up a material portion of the total compensation for our executives, thus, the price of our Class A common stock directly ties to Compensation Actually Paid.
Adjusted Subscription Revenue
Annual Customer Satisfaction Score
Workday Class A Common Stock Price
     
Total Shareholder Return Amount $ 158 98 137 123
Peer Group Total Shareholder Return Amount 179 119 146 132
Net Income (Loss) $ 1,381,000,000 $ (367,000,000) $ 29,000,000 $ (282,000,000)
Company Selected Measure Amount 6,610 5,580 4,550 3,790
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted Subscription Revenue      
Non-GAAP Measure Description
(10)
We determined adjusted subscription revenue to be the most important financial performance measure (that is not otherwise required to be disclosed in the table) used to link company performance to Compensation Actually Paid to our PEO and Non-PEO NEOs in fiscal 2024. Subscription revenue primarily consist of fees that give our customers access to our cloud applications, which include related customer support. Subscription revenue are recognized over time as services are delivered and consumed concurrently over the contractual term, beginning on the date our service is made available to the customer. adjusted subscription revenue is subscription revenue adjusted for the impact of foreign currency rate fluctuations and certain acquisitions. See Appendix B for a reconciliation of GAAP subscription revenue to adjusted subscription revenue.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Annual Customer Satisfaction Score      
Measure:: 3        
Pay vs Performance Disclosure        
Name Workday Class A Common Stock Price      
Aneel Bhusri [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 31,181,565 $ 17,297,412 $ 18,431,406 $ 2,693,925
PEO Actually Paid Compensation Amount $ 55,478,130 9,397,020 19,634,025 5,713,506
PEO Name Aneel Bhusri      
Carl Eschenbach [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 2,521,664 102,685,309
PEO Actually Paid Compensation Amount $ 83,532,656 $ 109,947,072
PEO Name Carl Eschenbach      
PEO | Aneel Bhusri [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (28,122,189)      
PEO | Aneel Bhusri [Member] | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 52,418,754      
PEO | Aneel Bhusri [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 44,758,998      
PEO | Aneel Bhusri [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,968,473      
PEO | Aneel Bhusri [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Aneel Bhusri [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,691,283      
PEO | Aneel Bhusri [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Carl Eschenbach [Member] | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Carl Eschenbach [Member] | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 81,010,992      
PEO | Carl Eschenbach [Member] | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Carl Eschenbach [Member] | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 69,264,018      
PEO | Carl Eschenbach [Member] | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
PEO | Carl Eschenbach [Member] | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 11,746,974      
PEO | Carl Eschenbach [Member] | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount      
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value)        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (16,752,967)      
Non-PEO NEO | Total Equity Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 25,698,247      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 19,750,497      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,600,227      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 983,488      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,364,035      
Non-PEO NEO | Adjustments For Equity Awards Failed To Meet Performance Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount