Paylocity Holding Corporation (PCTY) Presents at Barclays 23rd Annual Global Technology Conference Transcript

SA Transcripts157.29K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Paylocity Holding Corporation (PCTY) Barclays 23rd Annual Global Technology Conference December 10, 2025 2:35 PM EST Company Participants Ryan Glenn - Chief Financial Officer Conference Call Participants Sheldon McMeans - Barclays Bank PLC, Research Division Presentation Sheldon McMeansBarclays Bank PLC, Research Division All right. I see the time has started. I -- can everyone hear me Okay? Great. Yes. Good morning, and thank you for joining us here today. For those of you who don't know me, my name is Sheldon McMeans, and I help support Raimo with our software equity research effort here at Barclays. I'm pleased to be joined with Ryan Glenn, CFO of Paylocity, on stage with us today. Ryan, thank you for being here. Ryan GlennChief Financial Officer Absolutely. Yes. Thanks for having me today. Question-and-Answer Session Sheldon McMeansBarclays Bank PLC, Research Division Yes. Great. So to get started, I think investors are largely familiar with the Paylocity story, if not, reach out to us, and we can get you up to speed. But to get right into it, you recently just announced your Q1 fiscal year '26 results. Could you share some of the highlights in the quarter and how it played out for you? Ryan GlennChief Financial Officer Sure. Yes. We were really pleased with our first quarter fiscal year results. We had strong recurring revenue growth of about 14%, total revenue growth of 12%. We raised our guidance by more than our beat across revenue and profitability. We continue to both drive durable revenue growth as well as increase profitability. We continue to be active with share repurchases. So we were both active in Q1 as well as planning to do so over the balance of the year. So really good start to the first quarter. I think top of mind for investors is always a macro and demand Recommended For You