# 워크데이 (WDAY)
> 워크데이는 인사관리(HCM)·재무관리·플래닝을 하나의 클라우드 플랫폼으로 묶어 구독 방식으로 파는 SaaS 기업이다. FY2026(2026년 1월 31일 마감) 매출 95억 5,200만 달러 중 92.5%가 구독 서비스에서 나왔다. 비용 측면에서는 AWS·구글클라우드 등 퍼블릭 클라우드 인프라에 애플리케이션을 올려 운영하고, Sana·Paradox 같은 AI 스타트업을 잇달아 인수해 에이전트형 AI 기능을 자체 플랫폼(Workday Illuminate)에 결합하고 있다.
Canonical: https://valuechain.wiki/workday · Updated: 2026-09-24T04:43:24.144732+00:00 · Source: ValueChain.wiki (refined facts, cited)
**사업 분류**: 기업 SaaS (클라우드·기업 소프트웨어 · 대표) · 업무 생산성 소프트웨어 (클라우드·기업 소프트웨어)

**인용용 요약**: 밸류체인 그래프 기준 워크데이의 직접 연결 기업은 6곳(관계 기준 공급 2·매출 4)이고, 사슬을 2차까지 넓히면 58곳에 닿는다. 링크의 근거 출처는 14건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-24 기준).

## Financials & segments
- 총매출: 95억 5,200만 달러 (FY2026, 10-K)
- 사업부문: 구독 서비스(Subscription Services), 전문 서비스(Professional Services)

## Annual stock return (as of 2026-09-04)
- 2021: +14%
- 2022: -38.7%
- 2023: +65%
- 2024: -6.5%
- 2025: -16.8%
- 2026 YTD: -8.8%

## Value-chain annual returns (top→bottom: demand → node → supply; YTD as of 2026-09-04)
| Company | Chain | 2021 | 2022 | 2023 | 2024 | 2025 | YTD |
| --- | --- | --- | --- | --- | --- | --- | --- |
| CrowdStrike | lead3 | -3.3% | -48.6% | +142.5% | +34% | +37% | +134.7% |
| 팔로알토 네트웍스 | lead3 | +56.7% | -24.8% | +111.3% | +23.4% | +1.2% | +127.4% |
| Datadog | lead3 | +80.9% | -58.7% | +65.1% | +17.7% | -4.8% | +115.6% |
| Snowflake | lead3 | +20.4% | -57.6% | +38.6% | -22.4% | +42.1% | +68.2% |
| Illumina | lead3 | +2.8% | -46.9% | -31.1% | -1.3% | -1.8% | +66.4% |
| Schrödinger | lead3 | -56% | -46.3% | +91.5% | -46.1% | -7.3% | +52.6% |
| 슐럼버거 | lead3 | +39.6% | +81.2% | -0.8% | -24.5% | +3.3% | +52.3% |
| 셰브론 | lead3 | +46.2% | +58.5% | -13.6% | +1.3% | +10.1% | +40.7% |
| 엑슨모빌 | lead3 | +57.6% | +87.4% | -6.3% | +11.3% | +16% | +35.2% |
| Airbnb Inc | lead3 | · | -48.6% | +59.2% | -3.5% | +3.3% | +34.1% |
| 이베이 | lead3 | +33.8% | -36.5% | +7.7% | +44.8% | +42.7% | +30% |
| Starbucks Corp | lead3 | +11.1% | -13.2% | -1.2% | -2.5% | -5.3% | +26.3% |
| 랩코프 | lead3 | +54.4% | -24.4% | +13.8% | +2.2% | +10.6% | +25.3% |
| 비바 시스템스 | lead3 | -6.2% | -36.8% | +19.3% | +9.2% | +6.2% | +23.2% |
| 벡톤 디킨슨 | lead3 | +1.9% | +5.1% | -2.7% | -5.4% | -12.6% | +22.8% |
| 라이브 네이션 엔터테인먼트 | lead3 | +62.9% | -41.7% | +34.2% | +38.4% | +10% | +21.8% |
| 존슨 컨트롤스 | lead3 | +77.4% | -19.3% | -7.6% | +39.8% | +53% | +21.7% |
| 콜게이트파몰리브 | lead3 | +2.1% | -5.4% | +3.8% | +16.6% | -11% | +14.4% |
| 캐리어 글로벌 | lead3 | +45.3% | -22.7% | +41.5% | +20.3% | -21.8% | +14.3% |
| 워터스 | lead3 | +50.6% | -8.1% | -3.9% | +12.7% | +2.4% | +14.2% |
| 엔터지 | lead3 | +17.1% | +3.6% | -6.1% | +56% | +25.3% | +13.2% |
| 켄뷰 | lead3 | · | · | · | +3.1% | -15.9% | +12.4% |
| 로크웰 오토메이션 | lead3 | +41.2% | -24.8% | +22.6% | -6.2% | +38.4% | +12.3% |
| 애질런트 테크놀로지스 | lead3 | +35.5% | -5.5% | -6.4% | -2.7% | +1.9% | +11.5% |
| 일리노이 툴 웍스 | lead3 | +23.6% | -8.5% | +21.6% | -1% | -0.4% | +11% |
| Costco Wholesale | lead3 | +51.8% | -19% | +49% | +39.6% | -5.4% | +10.3% |
| 파커하니핀 | lead3 | +18.3% | -6.9% | +60.8% | +39.6% | +39.5% | +10.2% |
| 오토매틱 데이터 프로세싱 | lead3 | +42.6% | -1.3% | -0.2% | +28.4% | -10.2% | +9.6% |
| 힐튼 월드와이드 | lead3 | +40.2% | -18.7% | +44.7% | +36.1% | +16.5% | +8.5% |
| 신타스 | lead3 | +26.5% | +3% | +34.8% | +22.2% | +3.8% | +7.4% |
| 3M | lead3 | +4.9% | -29.6% | -3.3% | +46.1% | +26.4% | +6.8% |
| Recursion Pharmaceuticals | lead3 | · | -55% | +27.9% | -31.4% | -39.5% | +6.6% |
| 크래프트 하인즈 | lead3 | +8% | +18.2% | -5% | -13% | -16.3% | +6.1% |
| 익스피디아 그룹 | lead3 | +36.5% | -51.5% | +73.3% | +22.8% | +53.3% | +5.8% |
| 허벨 | lead3 | +35.6% | +15.1% | +42.4% | +28.9% | +7.4% | +4.7% |
| 옴니콤 그룹 | lead3 | +21.9% | +15.7% | +9.6% | +2.5% | -2.6% | +4.4% |
| 엑셀 에너지 | lead3 | +4.4% | +6.4% | -8.7% | +12.3% | +13.9% | +4.1% |
| 하니웰 테크놀로지스 | lead3 | -0.3% | +4.9% | +0% | +10% | -6.4% | +3.8% |
| 퍼스트에너지 | lead3 | +41.8% | +4.8% | -8.9% | +13.2% | +17.3% | +3.5% |
| WEC 에너지 그룹 | lead3 | +8.7% | -0.5% | -7% | +16.1% | +16% | +3.1% |
| 에버소스 에너지 | lead3 | +8.2% | -5.1% | -23.4% | -2.5% | +22.9% | +1% |
| Walmart Inc | lead3 | +2% | -0.5% | +12.9% | +74% | +24.5% | +0.6% |
| 랄프 로렌 | lead3 | +16.7% | -8.4% | +39.8% | +62.9% | +55% | -0.2% |
| 도버 | lead3 | +45.7% | -24.3% | +15.2% | +23.3% | +5.2% | -0.5% |
| 잉거솔 랜드 | lead3 | +35.8% | -15.4% | +48.2% | +17.1% | -12.3% | -0.5% |
| MercadoLibre | lead3 | -19.5% | -37.2% | +85.7% | +8.2% | +18.5% | -1.8% |
| HCA 헬스케어 | lead3 | +57.6% | -5.6% | +13.8% | +11.8% | +56.7% | -2.9% |
| 베랄토 | lead3 | · | · | · | +24.3% | -1.6% | -3.2% |
| 레스메드 | lead3 | +23.4% | -19.5% | -16.5% | +34.2% | +6.3% | -4.4% |
| 메타 플랫폼스 | lead3 | +23.1% | -64.2% | +194.1% | +66% | +13.1% | -6.4% |
| 도어대시 | lead3 | · | -67.2% | +102.6% | +69.6% | +35% | -6.5% |
| Disney | lead3 | -14.5% | -43.9% | +4.3% | +24.4% | +3.3% | -6.7% |
| Uber | lead3 | -17.8% | -41% | +149% | -2% | +35.5% | -7.3% |
| 로퍼 테크놀로지스 | lead3 | +14.7% | -11.6% | +26.9% | -4.1% | -13.8% | -7.9% |
| ServiceNow | lead3 | +17.9% | -40.2% | +82% | +50.1% | -27.7% | -8% |
| 플래닛랩스 | lead3 | · | -29.3% | -43.2% | +63.6% | +388.1% | -8.1% |
| 태피스트리 | lead3 | +32.3% | -3.3% | +0.2% | +82.8% | +98.7% | -8.2% |
| 액손 엔터프라이즈 | lead3 | +28.1% | +5.7% | +55.7% | +130.1% | -4.4% | -9.2% |
| 컨스텔레이션 브랜즈 | lead3 | +16.1% | -6.4% | +5.8% | -7.1% | -36% | -9.2% |
| 부킹 홀딩스 | lead3 | +7.7% | -16% | +76% | +41.3% | +8.6% | -9.3% |
| 익스팬드 에너지 | lead3 | · | +62.3% | -14.8% | +33.2% | +14.4% | -9.7% |
| Shopify | lead3 | +21.7% | -74.8% | +124.4% | +36.5% | +51.4% | -9.9% |
| 오토존 | lead3 | +76.8% | +17.6% | +4.8% | +23.8% | +5.9% | -12% |
| 세일즈포스 | lead3 | +14.2% | -47.8% | +98.5% | +27.8% | -20.2% | -12.9% |
| GE 헬스케어 | lead3 | · | · | · | +1.3% | +5.1% | -15.9% |
| 베리스크 애널리틱스 | lead3 | +10.9% | -22.3% | +36.2% | +16% | -18.2% | -16.5% |
| 테이크투 인터랙티브 | lead3 | -14.5% | -41.4% | +54.6% | +14.4% | +39.1% | -16.6% |
| 애보트 | lead3 | +30.5% | -20.7% | +2.3% | +4.8% | +12.9% | -19% |
| 스트라이커 | lead3 | +10.2% | -7.4% | +23.8% | +21.3% | -1.5% | -20.4% |
| 액센츄어 | lead3 | +60.7% | -34.8% | +33.6% | +1.9% | -22.6% | -20.5% |
| 아이덱스 래버러토리스 | lead3 | +31.7% | -38% | +36.1% | -25.5% | +63.6% | -20.9% |
| 파이서브 | lead3 | -8.8% | -2.6% | +31.4% | +54.6% | -67.3% | -21.1% |
| McDonald's | lead3 | +27.8% | +0.5% | +15.1% | +0.1% | +7.9% | -21.5% |
| 컴캐스트 | lead3 | -2.2% | -28.7% | +29.1% | -11.8% | -17.3% | -22.3% |
| 오티스 월드와이드 | lead3 | +30.4% | -8.8% | +16% | +5.2% | -4% | -23.2% |
| 코그니전트 | lead3 | +9.6% | -34.5% | +34.4% | +3.5% | +9.7% | -23.6% |
| 어도비 | lead3 | +13.4% | -40.7% | +77.3% | -25.5% | -21.3% | -23.9% |
| 오토데스크 | lead3 | -7.9% | -33.5% | +30.3% | +21.4% | +0.1% | -26.4% |
| LVMH | lead3 | +46.6% | +12.7% | -1.8% | -7.3% | -20.4% | -29.4% |
| Coupang | lead3 | · | -49.9% | +10.1% | +35.8% | +7.3% | -35.2% |
| 페어 아이작 | lead3 | -15.1% | +38% | +94.5% | +71% | -15.1% | -44.9% |
| 인튜이트 | lead3 | +70.3% | -39.1% | +61.8% | +1.2% | +6.1% | -53.7% |
| 보스턴 사이언티픽 | lead3 | +18.2% | +8.9% | +24.9% | +54.5% | +6.8% | -55.2% |
| 앱러빈 | lead3 | · | -88.8% | +278.4% | +712.6% | +108.1% | -58.9% |
| 코르테바 | lead3 | +23.6% | +25.6% | -17.5% | +20.2% | +18.9% | -80.1% |
| EOG 리소스 | lead2 | +88.6% | +56.9% | -2% | +4.3% | -11.4% | +44.6% |
| 베이커 휴즈 | lead2 | +19% | +26% | +18.6% | +23.1% | +13.4% | +25.9% |
| 아마존 | lead2 | +2.4% | -49.6% | +80.9% | +44.4% | +5.2% | +12% |
| 알파벳 (구글) | lead2 | +65.3% | -39.1% | +58.3% | +36% | +66% | +8.3% |
| NextEra Energy | lead2 | +23.4% | -8.5% | -25.3% | +21.5% | +15.5% | +6.2% |
| 듀크 에너지 | lead2 | +19.1% | +2% | -1.6% | +15.6% | +12.7% | +5.3% |
| 아메렌 | lead2 | +17.1% | +2.5% | -16.1% | +27.5% | +15.3% | +4.5% |
| 마이크로소프트 | lead2 | +52.5% | -28% | +58.2% | +12.9% | +15.6% | +4% |
| PPL 코퍼레이션 | lead2 | +12.9% | +0.4% | -3.8% | +24% | +11.4% | +1.8% |
| NRG 에너지 | lead2 | +18.5% | -23.5% | +69.4% | +78.6% | +78.9% | -31.5% |
| GE Vernova | lead1 | · | · | · | · | +99% | +54% |
| Bank of America | lead1 | +49.6% | -23.8% | +4.8% | +33.9% | +28% | +0.3% |
| Netflix | lead1 | +11.4% | -51.1% | +65.1% | +83.1% | +5.2% | -16.5% |
| 워크데이 | node | +14% | -38.7% | +65% | -6.5% | -16.8% | -8.8% |
| 아마존 | benef1 | +2.4% | -49.6% | +80.9% | +44.4% | +5.2% | +12% |
| 샌디스크 | benef2 | · | · | · | · | · | +633% |
| Seagate | benef2 | +87.5% | -51.4% | +69.1% | +4.1% | +225.3% | +209.1% |
| Marvell | benef2 | +84.6% | -57.5% | +63.7% | +83.8% | -22.8% | +163.4% |
| Astera Labs | benef2 | · | · | · | · | +25.6% | +105.7% |
| Wiwynn | benef2 | +24.7% | -22.3% | +206.4% | +3.5% | +64.4% | +92.3% |
| Corning | benef2 | +5.9% | -11.6% | -1.2% | +60.6% | +87.8% | +77.2% |
| GE Vernova | benef2 | · | · | · | · | +99% | +54% |
| 옥시덴탈 페트롤리엄 | benef2 | +67.7% | +119.1% | -4.1% | -15.9% | -14.9% | +48.2% |
| Arista Networks | benef2 | +97.9% | -15.6% | +94.1% | +87.7% | +18.5% | +47.9% |
| Caterpillar | benef2 | +16% | +18.6% | +25.9% | +24.7% | +60.3% | +40.6% |
| 알칩 | benef2 | +14.3% | -8.7% | +365.1% | -18.9% | +0.8% | +40.1% |
| 페덱스 | benef2 | +0.7% | -31.6% | +49.1% | +13.5% | +5.1% | +39.6% |
| Ciena | benef2 | +45.6% | -33.8% | -11.7% | +88.4% | +175.8% | +37.3% |
| 글로벌스타 | benef2 | +241.2% | +14.7% | +45.9% | +6.7% | +96.6% | +37.3% |
| 자빌 | benef2 | +66.4% | -2.5% | +87.4% | +13.3% | +58.7% | +36.3% |
| Eaton | benef2 | +46.7% | -7.2% | +56.2% | +39.5% | -2.8% | +36% |
| Digital Realty | benef2 | +30.7% | -41% | +39.9% | +35.9% | -10.1% | +23.4% |
| Celestica | benef2 | +37.9% | +1.3% | +159.8% | +215.2% | +220.3% | +22.5% |
| Quanta | benef2 | +22.2% | -12.8% | +254.5% | +12.7% | +8.9% | +21.2% |
| 크레도 | benef2 | · | · | +46.3% | +245.2% | +114.1% | +18.5% |
| ABB | benef2 | +23.9% | +7.3% | +18.9% | +39% | +36.1% | +18.4% |
| 처치 앤 드와이트 | benef2 | +18.9% | -20.4% | +18.7% | +12% | -18.9% | +18.1% |
| Foxconn | benef2 | -5.1% | +2.8% | +7.8% | +80.1% | +26.9% | +16.3% |
| 노퍽 서던 | benef2 | +27.3% | -15.6% | -1.6% | +1.6% | +25.6% | +15.6% |
| 콜게이트파몰리브 | benef2 | +2.1% | -5.4% | +3.8% | +16.6% | -11% | +14.4% |
| 엔터지 | benef2 | +17.1% | +3.6% | -6.1% | +56% | +25.3% | +13.2% |
| Schneider Electric | benef2 | +25.9% | +1.6% | +25.8% | +36.1% | +0.5% | +11.7% |
| Cummins | benef2 | -1.7% | +14.1% | +1.7% | +48.9% | +49.4% | +11% |
| 유나이티드 파셀 서비스 | benef2 | +30% | -16.2% | -6% | -15.9% | -15.9% | +8% |
| Procter & Gamble | benef2 | +20.5% | -5% | -0.9% | +17.3% | -12.3% | +4.5% |
| 아메렌 | benef2 | +17.1% | +2.5% | -16.1% | +27.5% | +15.3% | +4.5% |
| 옴니콤 그룹 | benef2 | +21.9% | +15.7% | +9.6% | +2.5% | -2.6% | +4.4% |
| Talen Energy | benef2 | · | · | · | +214.8% | +86.1% | +1% |
| 에스티 로더 | benef2 | +40% | -32.3% | -40.1% | -47.6% | +42.1% | +0.2% |
| 아모레퍼시픽 | benef2 | -30.1% | -5.7% | -18.4% | +9.9% | +8.2% | -1.2% |
| 엑셀론 | benef2 | +41.5% | +8.3% | -14% | +9.2% | +20% | -1.5% |
| Vistra | benef2 | +19.6% | +5.1% | +70.7% | +261.5% | +17.7% | -7.2% |
| Fabrinet | benef2 | +52.7% | +8.2% | +48.4% | +15.5% | +107.1% | -10.5% |
| IonQ | benef2 | · | -79.3% | +259.1% | +237.1% | +7.4% | -11.9% |
| 애보트 | benef2 | +30.5% | -20.7% | +2.3% | +4.8% | +12.9% | -19% |
| Quantum Computing Inc | benef2 | -75.8% | -55.7% | -39.5% | +1712.7% | -38% | -27.5% |
| Nike | benef2 | +18.7% | -29% | -6% | -29.1% | -13.8% | -44.1% |
| D-Wave Quantum | benef2 | · | -85.3% | -38.9% | +854.5% | +211.3% | -44.3% |
| 삼성전기 | benef3 | -11.8% | -18.5% | -1.4% | -2.5% | +110% | +402.2% |
| Arm Holdings | benef3 | · | · | · | +64.2% | -11.4% | +143.6% |
| Murata | benef3 | -14% | -11.7% | +24.7% | -16.5% | +29.9% | +131.5% |
| 램리서치 | benef3 | +53.7% | -40.7% | +88.6% | -6.8% | +139.2% | +86.8% |
| SK하이닉스 | benef3 | -0.4% | -25.6% | +53.9% | +48.6% | +361.1% | +85.3% |
| Illumina | benef3 | +2.8% | -46.9% | -31.1% | -1.3% | -1.8% | +66.4% |
| 삼성전자 | benef3 | -9% | -14.2% | +20.9% | -26.4% | +212.9% | +63.8% |
| Delta Electronics | benef3 | -3.4% | +10.4% | -0.3% | +59.2% | +183.8% | +61.9% |
| ASML | benef3 | +64.1% | -30.5% | +39.9% | -7.7% | +55.8% | +61.1% |
| 도쿄일렉트론 | benef3 | +40.4% | -14.5% | +89.8% | -4.4% | +61.6% | +57.4% |
| 뉴코 | benef3 | +118.4% | +17.4% | +33.8% | -32% | +42% | +54.7% |
| MDA 스페이스 | benef3 | · | -32.6% | +80% | +156.3% | -9.8% | +50.8% |
| TSMC | benef3 | +12.1% | -36.7% | +42.3% | +92.6% | +55.9% | +50.3% |
| Sumitomo Electric | benef3 | +11.4% | +6.3% | +30.8% | +52.9% | +139% | +43.2% |
| 웹텍 | benef3 | +26.5% | +9.1% | +28% | +50.1% | +13.2% | +34.2% |
| 유나이티드 렌탈스 | benef3 | +43.3% | +7% | +63.6% | +24% | +15.9% | +31.3% |
| Amphenol | benef3 | +34.9% | -12% | +31.5% | +41.3% | +96.1% | +29.8% |
| 인터내셔널 플레이버스 앤 프래그런스 | benef3 | +41.5% | -28.3% | -19.5% | +6.3% | -18.4% | +27.5% |
| 다우 | benef3 | +6.8% | -6.6% | +14.7% | -22.8% | -37.4% | +25.7% |
| Williams | benef3 | +38.4% | +32.8% | +11.9% | +62.3% | +14.9% | +25.2% |
| NVIDIA | benef3 | +125.5% | -50.3% | +239% | +171.2% | +38.9% | +23.2% |
| 유니언 퍼시픽 | benef3 | +23.3% | -15.9% | +21.6% | -5.1% | +3.9% | +22.1% |
| SK텔레콤 | benef3 | +7.9% | -12% | +15.8% | +15.5% | +37.5% | +18% |
| CoreWeave | benef3 | · | · | · | · | · | +14.6% |
| Cadence Design Systems | benef3 | +36.6% | -13.8% | +69.6% | +10.3% | +4% | +12.9% |
| Synopsys | benef3 | +42.1% | -13.4% | +61.3% | -5.7% | -3.2% | +8.6% |
| 알파벳 (구글) | benef3 | +65.3% | -39.1% | +58.3% | +36% | +66% | +8.3% |
| NextEra Energy | benef3 | +23.4% | -8.5% | -25.3% | +21.5% | +15.5% | +6.2% |
| Broadcom | benef3 | +56.5% | -13.3% | +104.2% | +110.5% | +50.6% | +5% |
| 에어버스 | benef3 | +34.8% | +3.9% | +30.5% | +15% | +18.3% | +4.8% |
| BlackRock | benef3 | +29.4% | -20.4% | +17.9% | +29.3% | +6.6% | +2.8% |
| 센터포인트 에너지 | benef3 | +32.4% | +10% | -2.1% | +14.3% | +23.7% | +2.4% |
| Siemens Energy | benef3 | -35.4% | -2.7% | -27% | +314.2% | +149.9% | +1.8% |
| 스페이스X | benef3 | · | · | · | · | · | +0.7% |
| 보잉 | benef3 | -6% | -5.4% | +36.8% | -32.1% | +22.7% | -2.2% |
| 호야 | benef3 | +10.8% | -3% | +34.4% | +11.3% | +24.9% | -2.5% |
| TE Connectivity | benef3 | +35.1% | -27.7% | +24.6% | +3.5% | +61.1% | -3% |
| Cameco | benef3 | +63.2% | +4.3% | +90.5% | +19.5% | +78.4% | -3.7% |
| FANUC | benef3 | -16.5% | +4.4% | -8.1% | +15.6% | +37.7% | -4.5% |
| 메타 플랫폼스 | benef3 | +23.1% | -64.2% | +194.1% | +66% | +13.1% | -6.4% |
| 텍스트론 | benef3 | +59.9% | -8.2% | +13.7% | -4.8% | +14.1% | -9.3% |
| Shopify | benef3 | +21.7% | -74.8% | +124.4% | +36.5% | +51.4% | -9.9% |
| Phison | benef3 | +26.8% | -10.7% | +45.1% | -6.7% | +418.3% | -12.8% |
| 아비오 | benef3 | -9.9% | -4.7% | -17.1% | +98.4% | +117% | -18.3% |
| HD Hyundai Electric | benef3 | +4.2% | +132.5% | +159.4% | +300.5% | +120.2% | -31.3% |
| Rigetti Computing | benef3 | · | -92.9% | +35.1% | +1449.2% | +45.2% | -31.4% |
| UBTech | benef3 | · | · | · | -21.6% | +95.4% | -38.8% |

세일즈포스와 거의 같은 궤적을 그린다. 2023년 +65.0% 이후 2024 -6.5%·2025 -16.8%·2026 -8.8%로 3년 연속 마이너스다. 두 노드가 같은 방향으로 움직인다는 사실이 이 구간의 성격을 말해준다. 엔터프라이즈 SaaS는 AI 사슬의 수요 끝단이지만 2024년 이후 상승이 도달하지 않았고, 오히려 AI가 애플리케이션 계층을 대체할 수 있다는 우려가 배수를 눌렀다. 이 노드의 비용 구조가 그 우려의 실체를 보여준다. 10-K는 제3자 호스팅 인프라 구매확약으로 FY2027~2029 합계 10억 5,600만 달러(2027년 2.98억·2028년 4.14억·2029년 3.44억 달러)를 공시하지만 아마존과 알파벳 중 어디에 얼마인지는 밝히지 않는다. FY2026 매출 96억 달러 대비 이 확약은 작지 않은 고정비이고, AI 기능을 붙일수록 커지는 방향이다. 매출측은 Netflix·Bank of America·GE Vernova 같은 대형 고객으로 그래프에 붙는데, 이들의 2026년 수익률이 -16.5%·+15.2%·+44.4%로 제각각인 점이 중요하다. 고객 산업이 분산돼 있어 특정 사이클에 연동되지 않는다는 뜻이며, 방어적이지만 동시에 AI 사이클의 상승도 타지 못하는 구조다. (analysis as of 2026-09-04)

## Money in · revenue from (4)
### Bank of America (mid)  → /bank-of-america.md
- note: 2016년 글로브뉴스와이어 보도자료가 뱅크오브아메리카의 워크데이 HCM 도입을 확인했고, 워크데이 뉴스룸의 최신 고객 목록에도 여전히 이름이 올라 있다. 두 출처 모두 계약 금액은 공개하지 않는다.
- [confirms] Workday (EN, ir, published 2026-09-05) https://newsroom.workday.com/company-overview-customer-facts: "Workday Human Capital Management customers include: Bank of America, Bayer AG, Carrefour ... (게시일 표기 없음, 접속일 기준)"
- [confirms] GlobeNewswire (Workday press release) (EN, news, published 2016-02-29) https://www.globenewswire.com/news-release/2016/02/29/1270923/0/en/Industry-Leaders-Continue-to-Select-and-Deploy-Workday.html: "Bank of America, one of the largest banks in the U.S. and globally, recently went live on Workday HCM."

### 코그니전트 (mid)  → /cognizant.md
- note: 워크데이는 코그니전트의 전 세계 사무소에 HCM과 재무관리 제품을 제공하고 코그니전트를 구현 파트너로도 두고 있으며 이용 지출액은 공개되지 않았다.
- [confirms] HFS 리서치 (EN, research, published 2025-08-13) https://assets.kpmg.com/content/dam/kpmgsites/xx/pdf/2026/01/hfs-hz-2025-workday-services.pdf: "HFS는 코그니전트가 Workday의 고객이자 구현 파트너, 공동 혁신자라고 평가했다."

### Netflix (low)  → /netflix.md
- note: 워크데이 자체 고객사례 페이지와 뉴스룸 고객 목록에 넷플릭스가 재무관리(Financial Management) 고객으로 명시돼 있다. 구독 계약 금액은 공개되지 않았고, 독립된 제3자 매체의 확인은 찾지 못해 미확인으로 표기한다.
- [confirms] Workday (EN, ir, published 2026-09-05) https://newsroom.workday.com/company-overview-customer-facts: "Workday Financial Management customers include: ... Netflix ... (FY26 실적 데이터 포함된 상시 갱신 페이지, 게시일 표기 없음)"
- [confirms] Workday (EN, ir, published 2026-09-05) https://www.workday.com/en-us/customer-stories/i-p/netflix-builds-new-apps-simplifying-it-infrastructure.html: "Using Workday Extend to enhance our external PO process has helped us automate a critical path to close the books and perform our financial close more quickly. (페이지에 게시일 표기 없음, 접속일 기준)"

### GE Vernova (low)  → /ge-vernova.md
- note: 워크데이 뉴스룸 고객 목록과 기업소프트웨어 도입 데이터베이스(appsruntheworld)가 모두 GE 버노바를 워크데이 HCM(Core HR) 고객으로 기록한다. 계약 금액은 공개되지 않았고 appsruntheworld는 독립 제3자 집계 자료로 정확도가 검증되지 않아 미확인으로 표기한다.
- [confirms] Workday (EN, ir, published 2026-09-05) https://newsroom.workday.com/company-overview-customer-facts: "Workday Human Capital Management customers include: ... GE Vernova ... (게시일 표기 없음, 접속일 기준)"
- [mentions] 테크42 (KO, news, published 2026-03-05) https://www.tech42.co.kr/%EC%9B%8C%ED%81%AC%EB%8D%B0%EC%9D%B4-2026-%ED%9A%8C%EA%B3%84%EC%97%B0%EB%8F%84-%EB%A7%A4%EC%B6%9C-95%EC%96%B5-%EB%8B%AC%EB%9F%AC-%EB%8F%8C%ED%8C%8Cai-%ED%88%AC%EC%9E%90-%EA%B8%B0%EC%A1%B0/: "연간 총매출은 95억5200만 달러(13조9636억원)로 전년 대비 13.1% 증가했다. 구독 매출은 88억3300만 달러로 14.5% 늘었다."
- [mentions] Gartner (announced via PR Newswire) (EN, research, published 2025-09-11) https://www.prnewswire.com/news-releases/workday-named-a-leader-in-2025-gartner-magic-quadrant-for-cloud-hcm-suites-for-1-000-employee-enterprises-for-tenth-consecutive-year-302554161.html: "Workday, Inc. has been named a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises for the tenth consecutive year, and was also positioned highest for Ability to Execute."
- [mentions] Apps Run The World (EN, analysis, published 2021-01-01) https://www.appsruntheworld.com/customers-database/purchases/view/ge-vernova-united-states-selects-workday-hcm-for-core-hr: "GE Vernova, a United States-based Utilities organization, selected Workday HCM for Core HR while displacing legacy systems."

## Money out · pays to (2)
### 아마존 (mid)  → /amazon.md
- note: 10-K는 AWS를 자사가 이용하는 퍼블릭 클라우드 제공사로 명시한다. 워크데이 애플리케이션은 2016년 다년 파트너십 이후 AWS 인프라에서 운영되고 있으며, 2024년에는 생성형 AI 기능 개발에 Amazon Bedrock·SageMaker를 활용하는 방향으로 파트너십을 확장했다. 다만 10-K는 벤더별 지출액을 공개하지 않는다. 10-K는 별도로 '제3자 호스팅 인프라 플랫폼'에 FY2027~2029 합계 10억 5,600만 달러의 구매확약을 공시했으나 벤더명을 특정하지 않아, 이 금액이 AWS분인지는 미확인이다(open_questions 참조).
- [confirms] SEC EDGAR (EN, filing, published 2026-03-06) https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm: "Strategic partnerships with public cloud providers, including Amazon Web Services, Inc. ("AWS") and Google Cloud, allow our customers to innovate with modern cloud infrastructure services while reducing their committed spend on cloud."
- [confirms] Amazon (AWS) (EN, ir, published 2024-07-11) https://press.aboutamazon.com/2024/7/aws-and-workday-expand-partnership-to-help-organizations-drive-productivity-improve-decision-making-and-develop-generative-ai-solutions: "Workday is leveraging AWS services like Amazon Bedrock and SageMaker to help customers create job descriptions in minutes versus hours, analyze and correct contracts for more accurate revenue reporting. Running Workday on AWS will give Workday customers near-zero downtime maintenance windows."
- [confirms] itbrief.com.au (EN, news, published 2018-11-14) https://itbrief.com.au/story/workday-customers-start-deployments-to-aws-infrastructure: "Workday announced that all of their applications would run on Amazon Web Services (AWS), as part of a multi-year partnership, back in late 2016."

### 알파벳 (구글) (mid)  → /alphabet.md
- note: 10-K는 구글클라우드를 자사가 이용하는 또 다른 퍼블릭 클라우드 제공사로 명시한다. 2021년 발표된 다년 파트너십에 따라 워크데이 재무관리·HCM·Adaptive Planning이 구글클라우드 인프라 위에 배포될 수 있으며, 2026년 5월에는 워크데이 에이전트와 구글클라우드 에이전트 플랫폼(제미나이 엔터프라이즈)을 연동하는 방향으로 파트너십이 확장됐다. 벤더별 지출액은 비공개다.
- [confirms] Workday Newsroom (EN, ir, published 2026-05-28) https://newsroom.workday.com/2026-05-28-Workday-and-Google-Cloud-Expand-Strategic-Partnership-to-Bring-AI-Agents-for-HR-and-Finance-Into-Employees-Daily-Workflows: "Combining the Workday Agent System of Record (ASOR) and agent roadmap with Google Cloud's enterprise-ready agent platform and leading models, creating a single, trusted foundation where agents from both companies and third parties work together on real HR and finance workflows."
- [confirms] SEC EDGAR (EN, filing, published 2026-03-06) https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm: "Strategic partnerships with public cloud providers, including Amazon Web Services, Inc. ("AWS") and Google Cloud, allow our customers to innovate with modern cloud infrastructure services while reducing their committed spend on cloud."
- [confirms] PR Newswire (EN, news, published 2021-08-10) https://www.prnewswire.com/news-releases/google-cloud-and-workday-announce-multi-year-strategic-partnership-to-digitally-transform-enterprises-around-the-world-301351721.html: "Customers will be able to deploy Workday Financial Management, Workday Human Capital Management (HCM), and Workday Adaptive Planning all on Google Cloud's scalable and reliable infrastructure."

## Investments (2)
### Paradox (high)
- metric: 금액 $1.1B · 2025-10-01 종결 · Paradox 인수 총 대가(기존 보유 지분 포함), FY2026 10-K 사업결합 노트
- note: 2025년 10월 1일 종결된 인수로, 기존 보유 지분을 포함한 총 인수 대가가 10억 6,300만 달러였다. Paradox는 대화형 AI 기반 채용 후보 경험(candidate experience) 기업으로, HiredScore(2024년 인수)와 결합해 워크데이 채용 제품군을 AI 기반 종단간 스위트로 확장한다. Paradox 역시 밸류체인 위키의 기존 노드가 아니라 비상장 인수 대상이다.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-06) https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm: "Total purchase consideration, inclusive of previously held equity interest: $1,063 million (Paradox, as of September 30, 2025)."
- [confirms] Workday Newsroom (EN, ir, published 2025-10-01) https://newsroom.workday.com/2025-10-01-Workday-Completes-Acquisition-of-Paradox: "Workday completed its acquisition of Paradox, a candidate experience agent that uses conversational AI to simplify every step of the job application journey."

### Sana (high)
- metric: 금액 $1.1B · 2025-11-04 종결 · Sana 인수 총 대가(기존 보유 지분 포함), FY2026 10-K 사업결합 노트
- note: 2025년 11월 4일 종결된 인수로, 기존 보유 지분을 포함한 총 인수 대가가 10억 5,500만 달러였다. 사나(Sana)는 학습관리·AI 검색·에이전트 기술을 보유한 스웨덴계 AI 기업으로, 워크데이 학습 제품(Workday Learning)과 결합해 AI 네이티브 학습 플랫폼을 구성한다. Sana는 밸류체인 위키의 기존 노드가 아니라 비상장 인수 대상이다.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-06) https://www.sec.gov/Archives/edgar/data/1327811/000132781126000014/wday-20260131.htm: "Total purchase consideration, inclusive of previously held equity interest: $1,055 million (Sana, as of November 30, 2025)."
- [confirms] Workday Newsroom (EN, ir, published 2025-11-04) https://newsroom.workday.com/2025-11-04-Workday-Completes-Acquisition-of-Sana: "Workday announced today that it has completed its acquisition of Sana, a leading AI company building the next generation of enterprise knowledge tools."

## 질문별 엔드포인트
- 누가 워크데이의 고객인가? 워크데이의 매출은 어디서 오는가? → https://valuechain.wiki/workday/customers.md
- 워크데이의 주요 공급사는 어디인가? 워크데이의 비용은 누구에게 가는가? → https://valuechain.wiki/workday/suppliers.md
- 워크데이 주가가 움직이면 누가 수혜를 보는가? 워크데이의 가치사슬 파급은 어디까지인가? → https://valuechain.wiki/workday/ripple.md
- 증권가가 보는 워크데이: 목표주가와 투자의견은? → https://valuechain.wiki/workday/consensus.md

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_Generated for LLM/agent consumption. Each edge lists stance (confirms/mentions/contradicts), source publisher, language, date, and excerpt for verification._