What move does the options market price into Workday's report?

Implied ±6.5%, either direction.

How often does Workday move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

WDAYNasdaqServices-Computer Processing & Data Preparation

Workday, Inc. (WDAY) earnings date, market-implied expected move, and options open interest by expiry

198.49

pre 202.86 +2.49%

Pre-market09:19 ETdelayed

Open200.01Volume1.8MMkt cap$47.7BP/E40.98EPS4.95

Day198.15 – 203.0097%52-wk110.36 – 241.0471%

WDAY

Workday, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±6.5%implied · report alone

8Q avg ±5.4%·×1.20·rich

185.14210.74

straddle ±10.5%

spot 197.94exp Nov 27ATM strike 200ATM straddle 24.50IV 60%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 24

after close · in 20 days

confirmedQ3 FY27

Calendar

Next report

Last report

+0.68%

vs ±3.5% implied · ×0.20

shaded = implied · ▲▼ = realized

Sep 29 '26 · confirmed

Implied vs realized

Linked news

5dNSP · customerInsperity posts net income of $36 million, diluted EPS $0.95 for nine months
8dSSD · customerSimpson Manufacturing posts Q3 net sales $638.1 million, income from operations $141.0 million
8dPSMT · customerPriceSmart posts Q4 net income $37.6 million, $1.21 diluted; net merchandise sales $1.48 billion

News

Largest filed tie

13F top-10 QoQ

+12.17%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

924 managers

Top fund weight

0.23%

WDAY weight · RSP

N-PORTJul 31 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Workday (WDAY) reports on Nov 24 after close (confirmed date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±6.9%
avg realized: ±5.4%

Feb 25 '25Feb 25 '25confirmed±7.9%▲+6.22%×0.79

May 22 '25May 22 '25confirmed±5.9%▼−12.52%×2.13

Aug 21 '25Aug 21 '25confirmed±7.1%▼−2.77%×0.39

Q3 FY25Nov 25 '25confirmed±6.4%▼−7.85%×1.23

Feb 24 '26Feb 24 '26confirmed±8.4%▲+2.24%×0.27

Q1 FY27May 21 '26confirmed±9.3%▲+5.16%×0.56

Q2 FY27Aug 27 '26confirmed±7.1%▲+5.76%×0.81

Sep 29 '26Sep 29 '26confirmed±3.5%▲+0.68%×0.20

quarterimplied−15%0+15%realized×

Sep '26±3.5%▲+0.68%×0.20

Q2 FY27±7.1%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Oct 27 close

2.66OI · 9 expiries · Oct 27 closeP/C open interest · Nov 27 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

216+38%Nov 62d0.74292+28%0.74

400+2%Nov 139d1.32302+17%1.32

2,407+3%Nov 2016d0.902,662+3%0.90

report · Nov 24 · after close · confirmed

189—Nov 2723d71—

2—Dec 430d0.297—0.29

9,727+3%Dec 1844d0.4621,0750%0.46

3 later expiries

28,992+1%Jan 1572d0.8932,514+1%0.89

0—Feb 19107d—

ExpiryPutsCallsP/C

Nov 62d216+38%292+28%0.74

Nov 139d400+2%302+17%1.32

Nov 2016d2,407+3%2,662+3%0.90

report · Nov 24 · after close · confirmed

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.5%

Funds 4

RSP±0.0%

XLK±0.0%

QQQ±0.0%

VUG±0.0%

Customers 1

NSP±4.7%×0.45

Dashed = straddle · × = co-movement · max 500dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

23.86%as filednet margin · revenue +4.21% QoQ · +12.82% YoY

Revenue

$2.6B+4.21% QoQ

Gross profit

$2.0B+3.04% QoQ

75.39% margin

Operating income

$313M−7.40% QoQ

11.82% margin

Pre-tax income

$327M−7.89% QoQ

Net income

$632M+184.68% QoQ

23.86% margin

Cost of revenue

$652M+7.95% QoQ

Operating expenses

$1.7B+5.25% QoQ

R&D $747M

Marketing $706M

SG&A $231M

Other income

$14M−17.65% QoQ

Tax benefit

$305M

Revenue$2.6B+4.21%

Gross profit

$2.0B+3.04%

75.39% margin

Operating income

$313M−7.40%

11.82% margin

Pre-tax income

$327M−7.89%

Net income

$632M+184.68%

23.86% margin

Cost of revenue

$652M+7.95%

Operating expenses

$1.7B+5.25%

R&D $747M

Marketing $706M

SG&A $231M

Other income$14M−17.65%

Tax benefit$305M

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 09:15 ET

Intraday

Event sensitivity

PPI ×2.16· ±3.8% vs ±1.7% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.8%3 of 10×2.16

NFPjobs report±3.0%4 of 10×1.72

CPROFcorporate profits±2.1%6 of 12×1.22

CPIconsumer prices±2.0%3 of 10×1.17

PCEpersonal income & outlays±1.9%11 of 19×1.11

GDPgross domestic product±1.9%7 of 19×1.08

FOMCrate decision±1.7%13 of 24×0.99

Bar = avg |move| to ±4% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 2.57 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Aug 27 '26 · confirmed	2.57	—
Q1 FY27	May 21 '26 · confirmed	0.87	—
Q3 FY25	Nov 25 '25 · confirmed	0.94	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod