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Paylocity (PCTY)
NASDAQ:PCTY
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
2.13Last Year’s EPS
2.21Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -2.64%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive outlook with strong revenue growth, product innovation, and increased fiscal guidance, despite some concerns related to debt from the Airbase acquisition and conservative future guidance.Company Guidance
During the Paylocity Second Quarter 2025 Earnings Call, notable metrics highlighted a robust performance with key figures including a 17% growth in recurring and other revenue and a 16% increase in total revenue compared to Q2 of the previous year. The company's strategic investment in R&D contributed to a significant expansion of their product suite, raising their average revenue per client from $550 to $600. The introduction of AI capabilities, like the AI assistant chatbot, resulted in a 30% increase in utilization and a 20% reduction in time required for users to find reports. Financially, Paylocity reported an adjusted gross profit margin of 73.8%, a 110 basis point improvement from the prior year, and an adjusted EBITDA of $126.2 million, representing a 33.5% margin. The company also increased its fiscal 2025 guidance, expecting recurring and other revenue to be between $1.445 billion to $1.455 billion, total revenue between $1.558 billion to $1.568 billion, and adjusted EBITDA between $542 million to $550 million.Strong Revenue Growth
The company reported recurring and other revenue growth of 17% and total revenue growth of 16% over the previous year.
Product Innovation and Differentiation
Launch of new products including benefit decision support and integrated headcount planning, along with increased average revenue per client from $550 to $600.
AI Assistant Adoption
The new AI assistant chatbot showed a 30% increase in utilization and a 20% reduction in time required for users to find reports.
Awards and Recognition
Paylocity was awarded the TrustRadius Buyer's Choice Award and named overall leader in ten HCM product categories in G2's Winter 2025 Grid Reports.
Strong Financial Performance
Adjusted EBITDA for the second quarter was $126.2 million, or a 33.5% margin, exceeding the midpoint of guidance by $8.2 million.
Increased Fiscal Year Guidance
The company raised fiscal 2025 revenue guidance by $20.5 million at the midpoint due to strong sales performance.
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PCTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PCTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $212.01 | $205.84 | -2.91% |
| Oct 30, 2024 | $178.16 | $184.57 | +3.60% |
| Aug 01, 2024 | $148.23 | $158.09 | +6.65% |
| May 02, 2024 | $149.60 | $167.63 | +12.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paylocity (PCTY) report earnings?
Paylocity (PCTY) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Paylocity (PCTY) earnings time?
Paylocity (PCTY) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCTY EPS forecast?
PCTY EPS forecast for the fiscal quarter 2025 (Q3) is 2.13.
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