NYSE$DAY
Dayforce Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Delivered strong financial and operating performance with revenue and profitability metrics exceeding guidance. Dayforce recurring revenue grew 30%, or 32% at constant currency.
Ceridian's Q3 2022 results exceeded guidance on all revenue and profitability metrics. Dayforce recurring revenue grew 30% (32% at constant currency), and operating cash flows more than doubled year-on-year. The company now has 5,848 customers live on the Dayforce platform.
- Total revenue was $315.6 million, up 22.7% year-over-year (25.3% on a constant currency basis).
- Dayforce recurring revenue was $207.8 million, up 29.6% year-over-year (31.6% on a constant currency basis).
- Cloud revenue was $276.9 million, up 26.1% year-over-year (28.4% on a constant currency basis).
- Adjusted EBITDA was $63.5 million, compared to $39.4 million.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$316M
Revenue by segment
Dayforce · $316M total across 4 segments · Q3 2022
- Dayforce recurring$208M+29.6%65.8%
- Professional services$51.8M+22.7%16.4%
- Other recurring$33.4M-1.8%10.6%
- Powerpay recurring$22.6M+9.2%7.2%
Forward guidance
Ceridian issued guidance for the full year and fourth quarter of 2022. Ceridian expects a return to more normalized employment levels.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports · overlaid with Q3 2022
-1.1%
Avg return
Earnings day
-0.3%
Avg return
5 days after
+0.4%
Avg return
30 days after
42%
14 / 33 earnings
Positive
+17.4%
Q2 2022
Best reaction
-15.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | +0.0% | +0.2% | +1.1% | |
| Q2 2025 | +0.5% | -6.0% | +29.9% | |
| Q1 2025 | -5.9% | +2.7% | +4.1% | |
| Q4 2024 | -8.0% | -8.4% | -22.8% | |
| Q3 2024 | +8.9% | +15.6% | +22.4% | |
| Q2 2024 | +5.4% | -1.4% | +6.4% | |
| Q1 2024 | -5.9% | -5.3% | -19.4% | |
| Q4 2023 | -1.8% | +2.1% | -6.2% | |
| Q3 2023 | +4.8% | +2.0% | +7.7% | |
| Q2 2023 | +1.5% | +4.0% | +3.7% | |
| Q1 2023 | -9.9% | -7.6% | +2.3% | |
| Q4 2022 | +3.6% | +3.4% | -9.5% | |
| Q3 2022 | -3.1% | -12.3% | +6.4% | |
| Q2 2022 | +17.4% | +19.3% | +5.0% | |
| Q1 2022 | -1.2% | -4.0% | -3.6% | |
| Q4 2021 | -0.6% | -9.5% | -20.6% | |
| Q3 2021 | -6.7% | — | — | |
| Q2 2021 | +1.2% | — | — | |
| Q1 2021 | -1.1% | — | — | |
| Q4 2020 | -10.8% | — | — | |
| Q3 2020 | +2.3% | — | — | |
| Q2 2020 | -9.6% | — | — | |
| Q1 2020 | +7.4% | — | — | |
| Q4 2019 | -15.4% | — | — | |
| Q3 2019 | +9.6% | — | — | |
| Q2 2019 | +2.3% | — | — | |
| Q1 2019 | -6.9% | — | — | |
| Q4 2018 | -0.3% | — | — | |
| Q3 2018 | +0.2% | — | — | |
| Q3 2017 | +0.2% | — | — | |
| Q2 2018 | -10.0% | — | — | |
| Q4 2017 | -1.1% | — | — | |
| Q1 2018 | -3.4% | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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