S&P Global assigns BBB+ to Workday stock notes

Published on 10/27/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

S&P Global rated Workday notes BBB+ on October 21, 2026. Workday stock costs EUR 184.53 at Lang & Schwarz during trading on October 27, 2026.

Credit rating and operating growth

S&P Global assigned a BBB+ rating to Workday's proposed notes on October 21, 2026.
Workday reported USD 2.649 billion in fiscal second-quarter 2027 revenue, up 12.8 percent year over year.
Workday stock was trading at EUR 184.53 at 2:02 p.m. CET at Lang & Schwarz on October 27, 2026.

WDAY, US98138H1014, Illustration mit AI erstellt.

Workday (US98138H1014) was trading at EUR 184.53 at Lang & Schwarz on October 27, 2026, while debt markets assessed a new financing step. S&P Global Ratings assigned a BBB+ issue-level rating to Workday's proposed senior unsecured notes on October 21, 2026.

Debt capacity comes into view

The proposed notes are intended for general corporate purposes and to refinance unsecured notes maturing in April 2027. S&P Global Ratings said Workday had USD 3.4 billion of cash and marketable securities as of July 31, 2026, alongside full availability under a USD 1.5 billion revolving credit facility due October 2031.

The rating agency expects revenue growth of 10 percent to 12 percent in fiscal years 2027 and 2028. It also said Workday's agentic AI products had reached nearly USD 600 million in annual recurring revenue and represented more than 25 percent of new annual contract value in fiscal second-quarter 2027.

What does BBB+ mean for debt?

The rating gives investors a concrete measure of Workday's credit profile as the company funds acquisitions, repurchases and AI development. S&P Global Ratings expects adjusted leverage to rise to 0.2 times to 0.4 times by the end of fiscal 2027, compared with Workday's historical net-cash position.

Three dated steps for Workday

Workday entered a USD 1.5 billion revolving credit facility on October 1, 2026. It agreed to acquire C1.ai on October 12, 2026, with the transaction expected to close in the fourth quarter of fiscal 2027. S&P Global Ratings assigned the BBB+ rating to the proposed notes on October 21, 2026. The sequence shows how financing, acquisitions and AI expansion are converging in the company's capital allocation.

Next results date

Yahoo Finance reported that Workday's next earnings report is expected on November 24, 2026. The report will give investors the first quarterly update after the company's September workforce reorganization.

Revenue growth meets a wider AI test

Workday's fiscal second-quarter 2027 revenue reached USD 2.649 billion for the period ended July 31, 2026, up 12.8 percent from a year earlier, while subscription revenue rose 13.9 percent to USD 2.471 billion, according to Workday. TokenPost reported that total subscription backlog grew 8.0 percent to USD 27.403 billion, slower than subscription revenue growth.

That comparison matters because Workday's fiscal 2027 subscription revenue guidance stands at USD 9.940 billion to USD 9.950 billion, or 13 percent growth. The company also guides to a 31.0 percent non-GAAP operating margin, keeping execution and AI monetization central to the next results cycle.

Stock trades during the German session

Workday stock was trading at EUR 184.53 at Lang & Schwarz on October 27, 2026 at 2:02 p.m. CET. The price reflects the German trading perspective while the company's operating figures remain reported in USD.

The further course of trading is shown by the continuously updated real-time quote of Workday stock.