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Jun 30, 2022
Paylocity Q4 2022 Earnings Report
Paylocity's Q4 2022 performance saw revenue growth and strategic advancements.
Key Takeaways
Paylocity announced its Q4 and full fiscal year 2022 financial results, with total revenue reaching $228.9 million for the quarter, a 37% increase year-over-year. Recurring and other revenue also grew by 36% to $226.9 million. The company's FY22 revenue reached $852.7 million, representing a 34% increase year-over-year.
Total revenue for Q4 2022 reached $228.9 million, up 37% year-over-year.
Recurring and other revenue for Q4 2022 was $226.9 million, a 36% increase year-over-year.
GAAP net income for Q4 2022 was $15.1 million, or $0.27 per share.
Adjusted EBITDA for Q4 2022 was $59.3 million.
Paylocity
Paylocity
Paylocity Revenue by Segment
Revenue by Segment
Recurring & Other Revenue
CapyFin.com Forward Guidance
Paylocity provided guidance for Q1 2023 and full fiscal year 2023. Total revenue for Q1 2023 is expected to be in the range of $237.3 million to $241.3 million, representing approximately 32% growth over fiscal year 2022 first quarter total revenue. Adjusted EBITDA for Q1 2023 is expected to be in the range of $55.0 million to $58.0 million. Total revenue for fiscal year 2023 is expected to be in the range of $1.087 billion to $1.092 billion, representing approximately 28% growth over fiscal year 2022 total revenue. Adjusted EBITDA for fiscal year 2023 is expected to be in the range of $314.5 million to $318.5 million.
Positive Outlook
- Total revenue for Q1 2023 is expected to grow by approximately 32% over fiscal year 2022 first quarter total revenue.
- Adjusted EBITDA for Q1 2023 is expected to be in the range of $55.0 million to $58.0 million.
- Total revenue for fiscal year 2023 is expected to grow by approximately 28% over fiscal year 2022 total revenue.
- Adjusted EBITDA for fiscal year 2023 is expected to be in the range of $314.5 million to $318.5 million.