Paylocity sees Q1 revenue $397.5M-$402.5M, consensus $393.09M

First Quarter 2026: Recurring and other revenue is expected to be in the range of $370.0 million to $375.0 million, which represents approximately 12% growth over fiscal year 2025 first quarter recurring and other revenue. Total revenue is expected to be in the range of $397.5 million to $402.5 million, which represents approximately 10% growth over fiscal year 2025 first quarter total revenue. Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $131.0 million to $135.0 million. Adjusted EBITDA excluding interest income on funds held for clients, a non-GAAP measure, is expected to be in the range of $103.5 million to $107.5 million.