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Paylocity delivered a strong Q1 FY26 with 12% total revenue growth and an increase in non-GAAP operating income and adjusted EBITDA, despite a slight decline in net income.
Total revenue rose to $408.2 million, up 12% from Q1 FY25.
Adjusted EBITDA grew to $146.4 million, reflecting operational efficiency.
Net income slightly declined to $48.0 million from $49.6 million year-over-year.
The company repurchased $200 million worth of shares in the quarter.
Paylocity expects moderate revenue and EBITDA growth in Q2 FY26 and FY26, building on the momentum from Q1.
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