Paylocity Q4 adjusted EBITDA beats estimates, forecasts 2027 revenue growth
PCTY•Fiscal 2027 outlook
Paylocity sees Q1 2027 total revenue between $439.5 million and $444.5 million.
For fiscal 2027, the company expects total revenue of $1.88 billion to $1.895 billion and adjusted EBITDA of $690 million to $700 million.
Q4 results beat estimates
Paylocity reported fiscal Q4 revenue that rose 11% year over year. Adjusted EBITDA and adjusted operating income for the quarter both beat analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q4 Net Income | $60.30 mln | ||
| Q4 Adjusted EBITDA | Beat | $145.50 mln | $131.60 mln (20 Analysts) |
| Q4 Adjusted operating income | Beat | $120.20 mln | $109.38 mln (19 Analysts) |
| Q4 Operating income | $84.40 mln |
Analyst view and valuation
The current average analyst rating on the shares is "buy," with 18 "strong buy" or "buy" ratings, 3 "hold" ratings and no "sell" or "strong sell" ratings.
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Paylocity Holding Corp is $143.00, about 2.3% above its August 3 closing price of $139.77. The stock recently traded at 16 times the next 12-month earnings versus a P/E of 13 three months ago.
Growth drivers and capital return
The company said growth was driven by a roughly 7% increase in its client base and higher average revenue per client.
