Paylocity: Fiscal Second Quarter Earnings Overview

Paylocity Surpasses Earnings Expectations in Second Quarter

Paylocity Holding Corp., headquartered in Schaumburg, Illinois, announced a net income of $50.2 million for its fiscal second quarter.

The company reported earnings of 92 cents per share, while adjusted earnings—which exclude stock option expenses and amortization—reached $1.85 per share.

These results outperformed analysts’ predictions. According to a survey by Zacks Investment Research involving seven analysts, the consensus estimate was $1.57 per share.

During the quarter, Paylocity generated $416.1 million in revenue, exceeding the $408.9 million forecasted by analysts polled by Zacks.

Looking ahead to the quarter ending in March, Paylocity anticipates revenue between $487 million and $492 million.

For the full fiscal year, the company projects total revenue to fall within the range of $1.73 billion to $1.74 billion.