Paylocity Announces First Quarter Fiscal 2027 Financial Results
Key Highlights
- ➤Q1 recurring and other revenue $424.5 million, up 12.0% year-over-year
- ➤Q1 total revenue $451.7 million, up 10.7% year-over-year
- ➤Full fiscal 2027 recurring revenue guidance raised to $1.792-$1.807 billion
- ➤Full fiscal 2027 total revenue guidance set at $1.910-$1.925 billion
- ➤Paylocity repurchased $152.5 million of shares during Q1 fiscal 2027
Expert Statements
Toby Williams, President and Chief Executive Officer of Paylocity
“Fiscal 27 is off to a strong start, with first quarter recurring & other revenue growth of 12.0% as we continue to see strong execution by our go-to-market teams, industry leading revenue retention, and product innovation that is bringing to market meaningful new AI-driven experiences and solutions that create differentiation and drive ARPU.”
Toby Williams, President and Chief Executive Officer of Paylocity
“Our strong first quarter results and the momentum we are seeing as we head into the heart of selling season are helping to drive a strong increase to our fiscal 27 guidance across both revenue and profitability.”
Toby Williams, President and Chief Executive Officer of Paylocity
“Our growth continues to be led by Ignite AI, as we focus on driving innovation and providing the most modern AI-driven platform, including our recently announced Recruiting Optimizer.”
Toby Williams, President and Chief Executive Officer of Paylocity
“We also continue to be very pleased with the early positive response to our Elevate Solutions and Paylocity for Retirement, with strong momentum across each of these offerings.”
* Q1 Fiscal 2027 Recurring & Other Revenue of $424.5 million, up 12.0% year-over-year * Q1 Fiscal 2027 Total Revenue of $451.7 million, up 10.7% year-over-year * Completed acquisition of Aidora Inc. in July 2026 to expand AI-powered leave management capabilities * Repurchased $152.5 million or 1.1 million shares in Q1 Fiscal 2027; $850.2 million or 5.7 million shares repurchased since May 2024 SCHAUMBURG, Ill., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HCM, Finance, and IT solutions, today announced financial results for the first quarter of fiscal 2027, which ended September 30, 2026.
“Fiscal 27 is off to a strong start, with first quarter recurring & other revenue growth of 12.0% as we continue to see strong execution by our go-to-market teams, industry leading revenue retention, and product innovation that is bringing to market meaningful new AI-driven experiences and solutions that create differentiation and drive ARPU. Our strong first quarter results and the momentum we are seeing as we head into the heart of selling season are helping to drive a strong increase to our fiscal 27 guidance across both revenue and profitability. Our growth continues to be led by Ignite AI, as we focus on driving innovation and providing the most modern AI-driven platform, including our recently announced Recruiting Optimizer. We also continue to be very pleased with the early positive response to our Elevate Solutions and Paylocity for Retirement, with strong momentum across each of these offerings,” said Toby Williams, President and Chief Executive Officer of Paylocity.
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