NASDAQ$PCTY

Paylocity Holding Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported a strong start to fiscal year 2021 with revenue growth and continued momentum in the sales team.

Paylocity announced financial results for the first quarter of fiscal year 2021, which ended September 30, 2020. The company reported an 11% increase in recurring and other revenue and a 7% increase in total revenue.

  • Q1 2021 Recurring & Other Revenue increased by 11% year-over-year.
  • Q1 2021 Total Revenue increased by 7% year-over-year.
  • Sales team performed well and gained momentum during the Fall selling season.
  • Premium Video was added, increasing PEPY from $400 to $420.

Headline financials

Total Revenue

$136M

Previous: $127M+7.2%
EPS (adj)

$0.38

Previous: $0.36+5.6%
Adjusted EBITDA

$33.5M

No prior period
Capital Expenditures

-$2.05M

Previous: -$8.03M+74.5%
Free Cash Flow

$10.4M

Previous: $5.87M+77.3%
Net Income

$12.5M

Previous: $13.9M-10.4%
Operating Income

$3.45M

Previous: $6M-42.5%
Gross Profit

$86.4M

Previous: $84.1M+2.8%
Cash & Equivalents

$222M

Previous: $101M+120.3%
Total Assets

$2B

Previous: $1.6B+25.4%
Stock-Based Comp

$14.3M

Previous: $12.1M+18.4%

Revenue & EPS history

Paylocity · Revenue · Quarterly

$136M

Q1 2021+7.2%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Paylocity · $135M total across 1 segment · Q1 2021

  • Recurring & Other Revenue
    $135M+11.0%

Forward guidance

Paylocity is issuing guidance for the second quarter of fiscal year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.5%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+2.0%

Avg return

30 days after

49%

26 / 53 earnings

Positive

+20.2%

Q3 2015

Best reaction

-13.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+4.0%-4.4%+4.1%
Q2 2026-7.2%-15.2%-5.5%
Q1 2026+4.4%+2.1%+5.2%
Q3 2025-3.7%-5.4%-1.7%
Q2 2025-2.9%+1.0%-8.0%
Q1 2025+4.9%+8.7%+17.9%
Q4 2024+5.3%+1.3%+7.5%
Q3 2024+12.3%+13.3%-4.7%
Q2 2024-1.3%-1.3%-2.7%
Q1 2024-11.5%-9.2%-2.6%
Q4 2023-3.1%-5.8%-4.3%
Q3 2023-7.4%-9.4%-3.1%
Q2 2023-0.2%+6.1%-13.0%
Q1 2023-4.1%-3.8%+4.3%
Q4 2022+13.3%+15.9%+4.6%
Q3 2022-13.3%-16.6%-13.0%
Q2 2022+7.6%+3.5%-4.0%
Q1 2022-6.4%-7.1%-18.5%
Q4 2021+12.8%+15.2%+26.9%
Q3 2021-2.3%-5.8%-3.5%
Q2 2021-0.7%+4.4%-14.4%
Q1 2021-6.3%-2.9%-3.1%
Q4 2020-3.9%-5.1%-0.6%
Q3 2020+2.5%+0.7%+20.9%
Q2 2020-5.1%-2.7%-8.2%
Q1 2020-0.3%-1.2%+18.9%
Q4 2019+15.0%+8.6%+11.6%
Q3 2019+3.9%+1.2%+5.4%
Q2 2019+4.1%+6.9%+5.2%
Q1 2019-4.8%-6.1%+2.0%
Q4 2018+5.9%+4.9%+26.2%
Q3 2018+10.2%+8.1%+14.4%
Q2 2018-8.6%-10.9%+9.4%
Q1 2018-4.1%-8.3%-13.1%
Q4 2017+0.7%+3.4%+5.3%
Q3 2017+8.0%+7.8%+19.0%
Q2 2017+15.4%+11.8%+20.8%
Q1 2017-11.9%-7.3%-22.3%
Q4 2016-3.6%-3.7%-5.7%
Q3 2016-11.6%
Q2 2016-2.6%
Q1 2016+19.8%
Q4 2015-1.4%
Q3 2015+20.2%
Q2 2014+9.7%
Q2 2015+11.4%
Q1 2014+5.4%
Q1 2015+6.2%
Q4 2012-0.9%
Q4 2014+7.7%
Q3 2013+0.8%
Q4 2013+0.8%
Q3 2014-1.6%
Q2 2013
Q1 2013

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