Paylocity Q1 revenue up 14% to $363.0 million; net income rises to $49.6 million
Paylocity reported fiscal first-quarter 2025 results for the three months ended September 30, 2024, with total revenue up 14% and GAAP net income up to $49.6 million, or $0.88 per diluted share, from $34.5 million, or $0.61, a year earlier. The company also issued fiscal 2025 guidance, expecting total revenue of $1.535 billion to $1.550 billion, and said it completed its Airbase acquisition on October 1, 2024, funded in part by $325.0 million borrowed under its credit facility.
Key points
- Total revenue was $363.0 million, up 14% from the prior-year quarter; recurring and other revenue was $333.1 million, also up 14%.
- GAAP operating income rose to $64.1 million from $41.2 million; non-GAAP operating income was $104.9 million.
- Fiscal 2025 guidance: total revenue of $1.535 billion to $1.550 billion, about 10% growth; Adjusted EBITDA of $530.0 million to $540.0 million.
- Long-term debt was $325.0 million at quarter end, borrowed to fund the Airbase acquisition.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.