NASDAQ$PCTY
Paylocity Holding Corporation · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Paylocity's Q4 2024 financial results were announced, demonstrating growth in revenue and profitability.
Paylocity announced strong Q4 and full fiscal year 2024 financial results, driven by its position as a modern HCM provider. Total revenue increased by 16% year-over-year, with recurring and other revenue up by 15%. The company also returned capital to shareholders by repurchasing $150 million of its stock.
- Total revenue increased by 16% year-over-year.
- Recurring & other revenue increased by 15% year-over-year.
- GAAP net income was $48.8 million or $0.86 per share.
- Adjusted EBITDA was $120.2 million.
Headline financials
Revenue & EPS history
Paylocity · Revenue · Quarterly
$357M
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 first quarter and full fiscal year 2025.
Tailwinds
- Recurring and other revenue is expected to be in the range of $325.5 million to $330.5 million for Q1 2025, representing approximately 12.5% growth.
- Total revenue is expected to be in the range of $353.5 million to $358.5 million for Q1 2025, representing approximately 12.1% growth.
- Adjusted EBITDA is expected to be in the range of $116.5 million to $120.5 million for Q1 2025.
- Adjusted EBITDA excluding interest income on funds held for clients is expected to be in the range of $88.5 million to $92.5 million for Q1 2025.
- Recurring and other revenue is expected to be in the range of $1.405 billion to $1.420 billion for FY 2025, representing approximately 10.2% growth.
Headwinds
- Total revenue is expected to be in the range of $1.512 billion to $1.527 billion for FY 2025, representing approximately 8.3% growth.
- Adjusted EBITDA is expected to be in the range of $533.0 million to $543.0 million for FY 2025.
- Adjusted EBITDA excluding interest income on funds held for clients is expected to be in the range of $426.0 million to $436.0 million for FY 2025.
- Unable to reconcile forward-looking non-GAAP financial measures included in guidance to their directly comparable GAAP financial measures.
- Guidance based on information available as of August 1, 2024.
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 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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