NASDAQ$PCTY

Paylocity Holding Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Paylocity reported solid Q4 and FY2021 results with strong momentum across the business.

Paylocity announced its Q4 and full fiscal year 2021 financial results, demonstrating solid performance amidst the COVID-19 pandemic. The company highlighted a 16% growth in recurring and other revenue and strong momentum heading into fiscal year 2022.

  • Paylocity had a solid fiscal year 2021 amidst the COVID-19 pandemic.
  • Recurring and other revenue grew by 16% in fiscal year 2021.
  • Products focused on the Modern Workforce saw significant increases in utilization.
  • Sales team execution is driving Q1 and full fiscal year 2022 revenue guidance to higher growth levels.

Headline financials

Total Revenue

$167M

Previous: $131M+28.2%
EPS (adj)

$0.46

Previous: $0.32+43.8%
Capital Expenditures

$1.31M

Previous: $2M-34.7%
Free Cash Flow

$37.8M

Previous: $23.9M+58.4%
Net Income

$11.9M

Previous: $7.6M+56.4%
Operating Income

$9.1M

Previous: $11.4M-20.3%
Gross Profit

$108M

Previous: $84.7M+28.0%
Cash & Equivalents

$202M

Previous: $251M-19.4%
Total Assets

$2.41B

Previous: $1.99B+21.6%
Stock-Based Comp

$16.1M

Previous: $13.1M+22.5%

Revenue & EPS history

Paylocity · Revenue · Quarterly

$167M

Q4 2021+28.2%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Paylocity · $292M total across 1 segment · Q1 2024

  • Recurring & Other Revenue
    $292M+18.9%

Forward guidance

Paylocity is issuing guidance for the first quarter and full fiscal year 2022.

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 Q4 2021

Historical avgQ4 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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