PCTY
Paylocity Holding Corporation149.71
+1.21+0.82%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
8.26BP/E (TTM)
37.43Basic EPS (TTM)
4.00Dividend Yield
0%Recent Filings
8-K
8-K
10-K
FY2025 results
Paylocity Holding Corporation delivered solid FY2025 results, with total revenues climbing 14% year-over-year to $1,595.2 million, fueled by recurring revenue growth of 15% to $1,471.8 million and client count expansion to 41,650, up 7% from FY2024. While quarterly breakdowns aren't detailed, the full-year momentum reflects steady sales performance and revenue retention above 92%, though interest income on client funds dipped 2% to $123.4 million amid lower rates. Operating income rose to $304.0 million, with Adjusted EBITDA hitting $583.0 million, underscoring margin stability at 69%. Liquidity remains robust at $398.1 million in cash, bolstered by $418.2 million in operating cash flow, while the company repurchased $149.6 million in shares under its program. Yet quarterly fluctuations from seasonal client additions and economic pressures could temper momentum. A key risk: evolving data privacy regulations like GDPR and CCPA may hike compliance costs and disrupt operations.
8-K
Paylocity's FY25 revenue surges 14%
Paylocity reported fiscal 2025 results with total revenue of $1.595 billion, up 14% year-over-year, driven by 15% growth in recurring revenue to $1.472 billion and a 7% client base expansion. The company repurchased 800,000 shares for $150 million while boosting its share repurchase authorization by $500 million, signaling confidence amid strong profitability. Paylocity for Finance launched, unifying HR and finance workflows. Guidance projects 8-9% revenue growth for fiscal 2026. Yet, economic conditions pose risks to client retention.
10-Q
Q3 FY2025 results
Paylocity's Q3 FY2025 revenue climbed 13% year-over-year to $454.5M, fueled by recurring fees up 15% to $421.1M from strong sales execution, while interest income dipped 3% to $33.5M on lower rates. Gross margin held steady at 71%, but operating income rose 19% to $127.0M as sales and marketing eased to 20% of revenue; diluted EPS grew 7% to $1.61 on 56.8M shares. The Airbase acquisition closed October 1, 2024, for $320.2M cash (funded by $325.0M borrowings), adding $233.9M goodwill and $75.2M proprietary technology (6.6-year life). Cash hit $477.8M with $306.3M revolver availability, offset by $243.8M debt at SOFR plus 0.875%-1.500%; free cash flow not disclosed in the 10-Q. Ongoing Illinois Biometric Information Privacy Act litigation poses a regulatory risk.
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