Paylocity reports Q2 EPS $1.52, consensus $1.43

Reports Q2 revenue $376.98M, consensus $366.87M. “The momentum we saw in Q1 continued into the second quarter of fiscal 25, resulting in very strong results, solid selling season performance, and increased revenue and profitability guidance for fiscal 25. Second quarter recurring & other revenue growth was 17%, primarily driven by strong sales and operational execution, continued product differentiation, and a stable macroeconomic environment. Our sustained investment in R&D continues to drive differentiation and expanded average revenue per client, with the recent launch of Benefits Decision Support and Headcount Planning increasing our max PEPY to $600, achieving the target we set in August 2023. I would also like to thank all of our Paylocity (PCTY) teams as they support our clients through our busiest time of year,” said Toby Williams, president and CEO of Paylocity.