NASDAQ$PCTY
Paylocity Holding Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported strong revenue growth driven by differentiated value proposition.
Paylocity announced strong financial results for the first quarter of fiscal year 2023, with total revenue increasing by 39% year-over-year to $253.3 million and recurring and other revenue growing by 36% year-over-year to $245.4 million. GAAP net income was $30.4 million, or $0.54 per share. Adjusted EBITDA was $66.6 million.
- Total revenue increased by 39% year-over-year to $253.3 million.
- Recurring and other revenue increased by 36% year-over-year to $245.4 million.
- GAAP net income was $30.4 million, or $0.54 per share.
- Adjusted EBITDA was $66.6 million.
Headline financials
Revenue & EPS history
Paylocity · Revenue · Quarterly
$253M
Revenue by segment
Paylocity · $245M total across 1 segment · Q1 2023
- Recurring & Other Revenue$245M+35.7%100.0%
Forward guidance
Paylocity is issuing guidance for the second quarter and full fiscal year 2023. Second quarter total revenue is expected to be in the range of $257.0 million to $261.0 million, representing approximately 32% growth. Second quarter Adjusted EBITDA is expected to be in the range of $63.5 million to $66.5 million. Full fiscal year 2023 total revenue is expected to be in the range of $1.122 billion to $1.127 billion, representing approximately 32% growth. Full fiscal year 2023 Adjusted EBITDA is expected to be in the range of $336.0 million to $340.0 million.
Tailwinds
- Total revenue is expected to be in the range of $257.0 million to $261.0 million, which represents approximately 32% growth over fiscal 2022 second quarter total revenue.
- Adjusted EBITDA is expected to be in the range of $63.5 million to $66.5 million.
- Total revenue is expected to be in the range of $1.122 billion to $1.127 billion, which represents approximately 32% growth over fiscal year 2022 total revenue.
- Adjusted EBITDA is expected to be in the range of $336.0 million to $340.0 million.
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 2023
+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
| Quarter | Report date | Reaction (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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