Paylocity reports Q1 non-GAAP EPS $1.75, consensus $1.57

Reports Q1 revenue $408.2M, consensus $399.53M. “FY26 is off to a strong start, with recurring and other revenue growth of 14% in the first quarter, combined with a significant increase in profitability, as our differentiated value proposition of providing the most modern software in the industry continues to resonate in the marketplace. Additionally, our AI strategy has continued to progress – delivering predictive and actionable insights, generative AI functionality and a growing number of autonomous agents across the platform to drive productivity through task and workflow automation that goes beyond the basic search capabilities that are considered table stakes in today’s evolving AI landscape. We are also very pleased with the early positive response to our Paylocity (PCTY) for Finance solution, as the value proposition of managing all spend and key business workflows is resonating with both clients and prospects,” said CEO Toby Williams.