NASDAQ$PCTY

Paylocity Holding Corporation · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong third quarter results with revenue growth and continued product development.

Paylocity announced strong Q3 2020 results, with recurring and other revenue up 25% year-over-year. The company responded to the COVID-19 crisis by adding functionality to its systems and proactively working with clients.

  • Recurring and other revenue increased by 25% year-over-year.
  • Total revenue increased by 23% year-over-year.
  • The company mobilized teams to address new legislation like the CARES Act and FFCRA.
  • Paylocity earned multiple spots on G2's Best Software Companies of 2020 Report.

Headline financials

Total Revenue

$172M

Previous: $140M+23.0%
EPS (adj)

$0.83

Previous: $0.60+38.3%
Capital Expenditures

-$14.6M

Previous: -$9.62M-51.5%
Free Cash Flow

$25.6M

Previous: $18.4M+38.8%
Net Income

$40.1M

Previous: $28M+43.2%
Operating Income

$47.7M

Previous: $36.2M+31.8%
Gross Profit

$124M

Previous: $99.8M+23.8%
Cash & Equivalents

$114M

Previous: $90.9M+25.8%
Total Assets

$2.26B

Previous: $2.09B+7.7%
Stock-Based Comp

$9.52M

Previous: $9.31M+2.2%

Revenue & EPS history

Paylocity · Revenue · Quarterly

$172M

Q3 2020+23%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Paylocity · $167M total across 1 segment · Q3 2020

  • Recurring & Other Revenue
    $167M+25.0%

Forward guidance

Paylocity provided guidance for the fourth quarter and full fiscal year 2020, incorporating known and estimated impacts related to COVID-19.

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 Q3 2020

Historical avgQ3 2020

+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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