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Paylocity Announces First Quarter Fiscal 2027 Financial Results

PCTY
  • Paylocity reported Q1 Fiscal 2027 recurring & other revenue of $424.5 million, a 12.0% year-over-year increase, & total revenue of $451.7 million, a 10.7% year-over-year increase.
  • The company completed its acquisition of Aidora Inc. in July 2026 to expand AI-powered leave management capabilities.
  • Paylocity repurchased $152.5 million (1.1 million shares) in Q1 Fiscal 2027, bringing total repurchases since May 2024 to $850.2 million (5.7 million shares).
  • GAAP operating income for the quarter was $82.2 million, while non-GAAP operating income was $133.9 million.
  • GAAP net income reached $57.6 million ($1.07 per share), compared to $48.0 million ($0.86 per share) in the prior year quarter.
  • Adjusted EBITDA was $159.5 million for the quarter, excluding interest income on client funds, which was $132.3 million.
  • Cash & cash equivalents totaled $194.5 million as of September 30, 2026, with long-term debt at $131.3 million.
  • Free cash flow for the trailing twelve months ended September 30, 2026, was $416.7 million, representing 23.0% of total revenue.
  • The company raised its full fiscal 2027 guidance, expecting recurring & other revenue to reach $1.792 billion to $1.807 billion.
  • Full fiscal 2027 total revenue guidance is set between $1.910 billion & $1.925 billion, representing approximately 8% growth.
  • Paylocity announced the launch of its Recruiting Optimizer & noted strong momentum for Elevate Solutions & Paylocity for Retirement.
  • The company will host a conference call at 4:00 p.m. Central Time on November 5, 2026, to discuss these results.
Company
Paylocity Corporation
Keywords
Nasdaq:PCTY, Paylocity Corporation, #PCTYEarnings