Paylocity Q1 revenue up 14% to $363M, GAAP EPS $0.88, closes Airbase acquisition

Paylocity Holding Corp

2025-Q1 EPS reported $0.88 revenue$362,956,000

Total revenue $363.0M (+14% YoY); recurring & other revenue $333.1M (+14% YoY).
GAAP net income $49.6M ($0.88 diluted EPS) vs $34.5M ($0.61) a year ago.
Adjusted EBITDA $129.0M vs $104.9M YoY; operating cash flow $91.5M vs $62.1M.
Completed acquisition of Airbase (spend management) on Oct 1, 2024, funded with $325M credit facility.
Cash and equivalents $778.5M including $325M debt for Airbase; long-term debt $325M.

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