Workday Q2 FY27 Revenue Rises 12.8% as Agentic AI Monetization Grows
In the second quarter of fiscal 2027, Workday’s revenues rose 12.8% year over year to $2.65 billion. Agentic AI annual recurring revenues neared $600 million, up more than 200% year over year, with backlog growth supporting visibility. Subscription backlog climbed to $27.4 billion as margins improved from revenue outpacing headcount and moderated expenses, though competitive pressure, longer sales cycles, and implementation complexity remain key checks.