Paylocity Holding Corp

PCTY

Equity

ISIN US70438V1061 / Valor 23606709

NASDAQ (2024-09-16)

USD 157.03-1.57%

Paylocity Holding Corp
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About company

Paylocity Holding Corp is a cloud-based provider of payroll and human capital management software solutions for businesses of all sizes.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Paylocity Holding Corp reported a total revenue of $357.3 million for the fourth quarter of fiscal year 2024, marking a 16% increase from the same quarter in the previous year. Recurring and other revenue also saw a 15% rise, reaching $324.7 million.

Operating Income

In Q4 2024, Paylocity Holding Corp achieved a GAAP operating income of $62.9 million and a non-GAAP operating income of $96.3 million. This compares to a GAAP operating income of $49.4 million and a non-GAAP operating income of $84.0 million in Q4 2023.

Net Income

Paylocity Holding Corp's GAAP net income for the fourth quarter of fiscal year 2024 was $48.8 million, or $0.86 per share, based on 56.9 million diluted weighted average common shares outstanding. This is an improvement from the $37.3 million, or $0.66 per share, reported in Q4 2023.

Adjusted EBITDA

For Q4 2024, Paylocity Holding Corp reported an Adjusted EBITDA of $120.2 million, up from $100.6 million in the same quarter of the previous year. Adjusted EBITDA excluding interest income on funds held for clients was $87.6 million, compared to $74.1 million in Q4 2023.

Cash Flow and Balance Sheet

At the end of fiscal year 2024, Paylocity Holding Corp had cash and cash equivalents totaling $401.8 million. Net cash provided by operating activities for the fiscal year was $384.7 million, a 36% increase from $282.7 million in fiscal year 2023. Free cash flow also rose by 42% to $305.9 million.

Summarized from source with an LLMView Source

Key figures

-18.6%1Y

-43.5%3Y

65.3%5Y

Performance

38.9%1Y

44.3%3Y

46.5%5Y

Volatility