NASDAQ$PCTY
Paylocity Holding Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Paylocity's financial performance for Q2 2024 reflected growth in total revenue and recurring revenue, driven by positive client feedback and product innovation.
Paylocity announced its Q2 2024 financial results, showcasing a 20% increase in total revenue to $326.4 million and a 16% increase in recurring revenue to $298.4 million compared to the previous year. The company's GAAP net income was $38.1 million, or $0.67 per share, and adjusted EBITDA reached $112.6 million. Paylocity is issuing guidance for Q3 and full fiscal year 2024.
- Total revenue increased by 20% year-over-year, reaching $326.4 million.
- Recurring and other revenue grew by 16% year-over-year, amounting to $298.4 million.
- GAAP operating income was $49.7 million, while non-GAAP operating income was $92.8 million.
- Adjusted EBITDA reached $112.6 million.
Headline financials
Revenue & EPS history
Paylocity · Revenue · Quarterly
$326M
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 Q3 2024 and the full fiscal year 2024.
Tailwinds
- Total revenue for Q3 2024 is expected to be in the range of $395.0 million to $399.0 million, representing approximately 17% growth over fiscal year 2023 third quarter total revenue.
- Adjusted EBITDA for Q3 2024 is expected to be in the range of $153.5 million to $156.5 million.
- Total revenue for fiscal year 2024 is expected to be in the range of $1.384 billion to $1.389 billion, representing approximately 18% growth over fiscal year 2023 total revenue.
- Adjusted EBITDA for fiscal year 2024 is expected to be in the range of $474.0 million to $478.0 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 Q2 2024
+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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