NYSE$DAY
Dayforce Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Dayforce reported strong Q4 2024 results with significant revenue growth and increased profitability.
Dayforce reported a strong fourth quarter in 2024, marked by a 16% increase in total revenue to $465.2 million and a 19% increase in Dayforce recurring revenue to $347.9 million. The company's adjusted EBITDA rose to $129.2 million, representing a 27.8% margin. The company also issued guidance for Q1 and full year 2025.
- Total revenue increased by 16% year-over-year to $465.2 million.
- Dayforce recurring revenue grew by 19% year-over-year to $347.9 million.
- Cloud recurring gross margin improved to 80.0%.
- Adjusted EBITDA increased to $129.2 million, with a margin of 27.8%.
Headline financials
Revenue & EPS history
Dayforce · Revenue · Quarterly
$465M
Revenue by segment
Dayforce · $378M total across 4 segments · Q3 2023
- Dayforce recurring$280M+34.6%74.1%
- Professional services$52.1M+0.6%13.8%
- Powerpay recurring$24M+6.2%6.4%
- Other recurring$21.8M-34.7%5.8%
Forward guidance
Dayforce provided guidance for the first quarter and full year 2025, including revenue and adjusted EBITDA margin targets.
Tailwinds
- Q1 2025 total revenue, excluding float, is expected to be $421 million to $427 million, an increase of approximately 13.5% to 15% on a GAAP basis.
- Q1 2025 Adjusted EBITDA margin is expected to be 31% to 32%.
- Full year 2025 total revenue, excluding float, is projected to be $1,745 million to $1,760 million, an increase of approximately 11.9% to 12.8% on a GAAP basis.
- Full year 2025 Dayforce recurring revenue, excluding float, is expected to be $1,315 million to $1,340 million, an increase of approximately 13.4% to 15.5% on a GAAP basis.
- Full year 2025 Adjusted EBITDA margin is expected to be 32%.
Headwinds
- Guidance assumes stable economic conditions.
- Guidance assumes stable competitive environment in the HCM market.
- Guidance assumes stable demand for HCM solutions.
- Guidance assumes stable implementation capabilities and cycle times.
- Guidance assumes stable foreign exchange rates.
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 Q4 2024
-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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