Workday, Inc.

Item 1.01 – Entry into a Material Definitive Agreement Credit Agreement On October 1, 2026 (the “Closing Date”), Workday, Inc. (“Workday”) entered into a Credit Agreement (the “Credit Agreement”) by and among Workday, the subsidiaries of Workday party thereto from time to time, the several lenders from time to time party thereto (the “Lenders”), Wells Fargo Bank, National Association, as the administrative agent, the swing line lender, and an L/C issuer (in such capacities, the “Administrative Agent”), the other L/C issuers party thereto, Bank of America, N.A., Barclays Bank PLC, and Morgan Stanley Senior Funding, Inc., as syndication agents, and Wells Fargo Securities, LLC, BofA Securities, Inc., Barclays Bank PLC, and Morgan Stanley Senior Funding, Inc., as joint lead arrangers and joint bookrunners. The Credit Agreement replaces Workday’s prior Credit Agreement, dated as of April 6, 2022, by and among Workday, the several lenders party thereto, Bank of America, N.A., as the administrative agent, the swing line lender, and an L/C issuer, and the other L/C issuers party thereto, pursuant to which Workday had a revolving credit facility in an aggregate principal amount of $1,000,000,000, and provides for a revolving credit facility in an aggregate principal amount of $1,500,000,000. Revolving loans may be borrowed, repaid and reborrowed until October 1, 2031 (the “Maturity Date”), at which time all amounts borrowed must be repaid. Workday may request, no more than two times during the term of the Credit Agreement, that each revolving Lender extend the Maturity Date for the revolving loans for one year. Revolving loans may be prepaid and revolving loan commitments may be permanently reduced by Workday in whole or in part, without penalty or premium. As of October 1, 2026, Workday had no outstanding revolving loans under the Credit Agreement. Revolving loans under the Credit Agreement will bear interest, at Workday’s option, at a rate equal to (a) either (i) a floating rate per annum equal to the base rate plus a margin of from 0.000% to 0.500% depending on Workday’s Consolidated Leverage Ratio (as defined in the Credit Agreement) or (ii) the applicable secured overnight financing rate (“SOFR”), plus a margin of from 0.875% to 1.500%, depending on Workday’s Consolidated Leverage Ratio, or (b) if so elected by Workday, either (i) a floating rate per annum equal to the base rate plus a margin of from 0.000% to 0.250% depending on Workday’s senior unsecured long-term debt rating as determined by Moody’s Investors Service, Inc. or Standard & Poor’s Financial Services, LLC (the “Debt Rating”) or (ii) the applicable SOFR, plus a margin of from 0.750% to 1.250%, depending on Workday’s Debt Rating, in each case as set forth in the Credit Agreement. Swing line loans under the Credit Agreement will bear interest at a floating rate per annum equal to the base rate plus a margin of from (i) 0.000% to 0.500% depending on Workday’s Consolidated Leverage Ratio or (ii) if Workday has elected to use the Debt Ratings-based rates, 0.000% to 0.250% depending on Workday’s Debt Rating. The fee applied to letters of credit shall be from (i) 0.875% to 1.500% depending on Workday’s Consolidated Leverage Ratio or (ii) if Workday has elected to use the Debt Ratings-based rates, 0.750% to 1.250% depending on Workday’s Debt Rating. During a payment event of default under the Credit Agreement, the applicable interest rates are increased by 2.0% per annum. In the Credit Agreement, base rate is defined as the greatest of (but not less than zero) (i) the Administrative Agent’s prime rate, (ii) the federal funds rate plus 0.50%, or (iii) the applicable SOFR, plus 1.00%. Loans based on the base rate shall be made only to domestic borrowers and denominated in U.S. Dollars. Loans may be denominated in U.S. Dollars or in Euros, Sterling, and Canadian Dollars, together with any other currency that is approved by the Administrative Agent (the “Alternative Currencies”). Loans denominated in Alternative Currencies may not exceed an aggregate of $525,000,000. Under the Credit Agreement, Workday will pay to the Administrative Agent for the account of each revolving lender a commitment fee on a quarterly basis based on amounts committed but unused under the revolving facility of from (i) 0.080% to 0.200% per annum, depending on Workday’s Consolidated Leverage Ratio or (ii) if Workday has elected to use the Debt Ratings-based rates, 0.070% to 0.150% per annum, depending on Workday’s Debt Rating. Workday is also obligated under the Credit Agreement to pay the Administrative Agent fees customary for credit facilities of these sizes and types. The Credit Agreement contains customary representations, warranties, and affirmative and negative covenants, including a financial covenant, events of default, and indemnification provisions in favor of the lenders. The negative covenants include restrictions on the incurrence of liens and indebtedness, certain merger transactions and other matters, all subject to certain exceptions. The financial covenant, based on a quarterly financial test, requires Workday not to exceed a maximum leverage ratio of 3.50 to 1.00, subject to a step-up to 4.50 to 1.00 at the election of Workday for a certain period following a Qualified Acquisition (as defined in the Credit Agreement), as more fully described in the Credit Agreement. The Credit Agreement includes customary events of default that include, among other things, non-payment of principal, interest or fees, inaccuracy of representations and warranties, violation of certain covenants, cross default to certain other indebtedness, bankruptcy and insolvency events, material judgments, change of control, and certain material ERISA events. The occurrence of an event of default could result in the acceleration of the obligations under the Credit Agreement. The Administrative Agent and the Lenders, and certain of their respective affiliates, have provided, and in the future may provide, financial, banking, and related services to Workday. These parties have received, and in the future may receive, compensation from Workday for these services. The foregoing summary and description of the provisions of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which is filed as Exhibit 10.1 with this Current Report on Form 8-K and is incorporated herein by reference.

Item 1.02 – Termination of a Material Definitive Agreement The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 1.02.

Item 2.03  - Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03. Item 9.01 - Financial Statements and Exhibits (d) Exhibits Exhibit Number Description ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── 10.1 Credit Agreement, dated as of October 1, 2026, among Workday, certain subsidiaries of Workday, Wells Fargo Bank, National Association, Bank of America, N.A., Barclays Bank PLC, Morgan Stanley Senior Funding, Inc., and the other L/C Issuers and Lenders party thereto 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)