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 (1) Compensation PEO ($) (Bhusri) (4)(5) Summary PEO ($) (Eschenbach) (2) Compensation PEO ($) (Eschenbach) (4)(6) Average (3) Average (4)(7) Value of Initial Fixed (8) Net (9) Adjusted Subscription (10) Total Peer (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) | | | |
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 | | | |
Compensation Actually Paid vs. Net Income | Compensation Actually Paid versus Net Income | | | |
Compensation Actually Paid vs. Company Selected Measure | Compensation Actually Paid versus Adjusted Subscription Revenue | | | |
Total Shareholder Return Vs Peer Group | Compensation Actually Paid versus Total Shareholder Return | | | |
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 | | | |
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 | | | | |