NASDAQ$PCTY
Paylocity Holding Corporation · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Paylocity's Q1 2025 financial results were announced, demonstrating strong growth and increased profitability.
Paylocity reported a strong start to fiscal year 2025, with a 14% increase in both recurring & other revenue and total revenue. The company's profitability also significantly increased year-over-year. Paylocity completed the acquisition of Airbase, expanding its total addressable market.
- Recurring & Other Revenue and Total Revenue grew by 14% year-over-year.
- GAAP operating income increased to $64.1 million, and non-GAAP operating income reached $104.9 million.
- GAAP net income was $49.6 million, or $0.88 per share.
- The acquisition of Airbase was completed on October 1, 2024, expanding Paylocity's offerings into finance and spend management.
Headline financials
Revenue & EPS history
Paylocity · Revenue · Quarterly
$363M
Revenue by segment
Paylocity · $292M total across 1 segment · Q1 2024
- Recurring & Other Revenue$292M+18.9%100.0%
Forward guidance
Paylocity provided guidance for the second quarter and full fiscal year 2025.
Tailwinds
- Recurring and other revenue is expected to be in the range of $337.5 million to $342.5 million for Q2 2025, representing approximately 14% growth.
- Total revenue is expected to be in the range of $364.0 million to $369.0 million for Q2 2025, representing approximately 12% growth.
- Adjusted EBITDA is expected to be in the range of $116.0 million to $120.0 million for Q2 2025.
- Adjusted EBITDA excluding interest income on funds held for clients is expected to be in the range of $89.5 million to $93.5 million for Q2 2025.
- Recurring and other revenue is expected to be in the range of $1.427 billion to $1.442 billion for fiscal year 2025, representing approximately 12% growth.
Headwinds
- Total revenue is expected to be in the range of $1.535 billion to $1.550 billion for fiscal year 2025, representing approximately 10% growth.
- Adjusted EBITDA is expected to be in the range of $530.0 million to $540.0 million for fiscal year 2025.
- Adjusted EBITDA excluding interest income on funds held for clients is expected to be in the range of $422.0 million to $432.0 million for fiscal year 2025.
- The company is unable to reconcile the forward-looking non-GAAP measures to their directly comparable GAAP financial measures because the information needed to complete a reconciliation is unavailable at this time without unreasonable effort.
- Forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed.
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 2025
+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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