Paylocity sees FY25 total revenue $1.512B-$1.527B, consensus $1.55B

Recurring and other revenue is expected to be in the range of $1.405 billion to $1.420 billion, which represents approximately 10.2% growth over fiscal year 2024 recurring and other revenue. Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $533.0 million to $543.0 million. Adjusted EBITDA excluding interest income on funds held for clients, a non-GAAP measure, is expected to be in the range of $426.0 million to $436.0 million.