{
  "docId": "019dd923-5eff-723e-9be5-dbd624673ff3",
  "docSlug": "7ca49811e9fb02c4",
  "documentTitle": "2025 FAD v2",
  "authorId": "Workday",
  "authorName": "Workday",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 22,
  "pageCount": 95,
  "prevPage": 21,
  "nextPage": 23,
  "slideType": "kpi_dashboard",
  "function": "summarize",
  "density": "balanced",
  "nDataPoints": 14,
  "notes": "The slide uses a 'Rule of' metric, which is a common SaaS financial framework (Rule of 40).",
  "elementsJson": [
    "headline_text",
    "kpi_table",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5eff-723e-9be5-dbd624673ff3/22",
  "deckHref": "/decks/019dd923-5eff-723e-9be5-dbd624673ff3",
  "deckJsonHref": "/decks/019dd923-5eff-723e-9be5-dbd624673ff3.json",
  "deckAnchorHref": "/decks/019dd923-5eff-723e-9be5-dbd624673ff3#slide-22",
  "components": [
    {
      "bbox": {
        "h": 0.1,
        "w": 0.6,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "All Targets are FY28 unless otherwise noted; 3-year CAGR calculated for FY26-FY28. Refer to Appendix – About Non-GAAP Measures for further details. 1Defined as FY28 subscription revenue growth plus FY28 Non-GAAP operating margin. 2Defined as FY28 subscription revenue growth plus FY28 Non-GAAP operating margin minus FY28 SBC % of revenue. 3Share repurchases are inclusive of FY26 and FY27. 4Excludes any non-recurring items.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d674a908-e12f-4b5c-bfb0-df102d6d7e06",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Subscription Revenue CAGR: 13%-14%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-880e-7499-a3ce-9525c036f432",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.7,
        "w": 0.9,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "table",
      "text": "Subscription Revenue CAGR Through FY28: 12%, 13%-14%, 15%; Non-GAAP Operating Margin in FY28: 36%, ~35%, 33%; Non-GAAP Rule of: 48%; SBC % Revenue in FY28: 13%-14% and managing lower; Non-GAAP Rule of Including SBC: ~35%; Share Repurchases: $5B through FY27; FCF/Share CAGR Through FY28: >20%; FCF/Share in FY28: ~$15",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bee9154d-2834-42f8-af7c-43a20a17a5a1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.4,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "Target Financial Framework",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b500fd0c-bb07-4bb1-99f0-f91ec72f9c0c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "Rule of 40",
      "slug": null,
      "matchId": "4f0dcfa2-0b60-49d8-9a6e-42aff9187ea7",
      "evidence": "Mentions 'Non-GAAP Rule of' as a key financial metric.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}