Earnings ·
Paylocity reports Q1 fiscal 2027 total revenue of $451.7 million, up 10.7% year-over-year
PCTYPaylocity Holding Corp
Paylocity Holding Corporation reported first quarter fiscal 2027 financial results for the period ended September 30, 2026. Recurring and other revenue reached $424.5 million, a 12.0% increase from the prior year, while total revenue grew 10.7% to $451.7 million. GAAP net income rose to $57.6 million, or $1.07 per diluted share, compared to $48.0 million, or $0.86 per share, in the previous year. Adjusted EBITDA increased to $159.5 million from $146.4 million. The company also announced an increase to its fiscal 2027 guidance for both revenue and profitability based on strong execution and AI-driven product innovation. Paylocity is a leading provider of cloud-based human capital management, finance, and IT software solutions.