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Side-by-side financial comparison of Dayforce (DAY) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Dayforce is the larger business by last-quarter revenue ($481.6M vs $387.0M, roughly 1.2× Paylocity Holding Corp). Paylocity Holding Corp runs the higher net margin — 13.0% vs -40.9%, a 53.8% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 9.5%). Over the past eight quarters, Dayforce's revenue compounded faster (9.8% CAGR vs 2.7%).
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
DAY vs PCTY — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $481.6M | $387.0M |
| Net Profit | $-196.8M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | 6.3% | 18.2% |
| Net Margin | -40.9% | 13.0% |
| Revenue YoY | 9.5% | 11.3% |
| Net Profit YoY | -9940.0% | 34.0% |
| EPS (diluted) | $-1.23 | $0.92 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $387.0M | ||
| Q3 25 | $481.6M | $378.9M | ||
| Q2 25 | $464.7M | $369.9M | ||
| Q1 25 | $481.8M | $421.1M | ||
| Q4 24 | $465.2M | $347.7M | ||
| Q3 24 | $440.0M | $333.1M | ||
| Q2 24 | $423.3M | $324.7M | ||
| Q1 24 | $431.5M | $366.8M |
| Q4 25 | — | $50.2M | ||
| Q3 25 | $-196.8M | $48.0M | ||
| Q2 25 | $21.3M | $48.6M | ||
| Q1 25 | $14.9M | $91.5M | ||
| Q4 24 | $10.8M | $37.5M | ||
| Q3 24 | $2.0M | $49.6M | ||
| Q2 24 | $-1.8M | $48.8M | ||
| Q1 24 | $7.1M | $85.3M |
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | 47.0% | 72.6% | ||
| Q3 24 | 45.8% | 74.4% | ||
| Q2 24 | 44.1% | 74.0% | ||
| Q1 24 | 47.6% | 77.8% |
| Q4 25 | — | 18.2% | ||
| Q3 25 | 6.3% | 19.6% | ||
| Q2 25 | 9.1% | 17.9% | ||
| Q1 25 | 6.4% | 30.2% | ||
| Q4 24 | 6.1% | 13.4% | ||
| Q3 24 | 4.7% | 19.3% | ||
| Q2 24 | 3.3% | 19.4% | ||
| Q1 24 | 9.4% | 29.0% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | -40.9% | 12.7% | ||
| Q2 25 | 4.6% | 13.1% | ||
| Q1 25 | 3.1% | 21.7% | ||
| Q4 24 | 2.3% | 10.8% | ||
| Q3 24 | 0.5% | 14.9% | ||
| Q2 24 | -0.4% | 15.0% | ||
| Q1 24 | 1.6% | 23.3% |
| Q4 25 | — | $0.92 | ||
| Q3 25 | $-1.23 | $0.86 | ||
| Q2 25 | $0.13 | $0.87 | ||
| Q1 25 | $0.09 | $1.61 | ||
| Q4 24 | $0.07 | $0.66 | ||
| Q3 24 | $0.01 | $0.88 | ||
| Q2 24 | $-0.01 | $0.85 | ||
| Q1 24 | $0.04 | $1.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $627.6M | $162.5M |
| Total DebtLower is stronger | $631.1M | $81.3M |
| Stockholders' EquityBook value | $2.7B | $1.1B |
| Total Assets | $8.7B | $7.0B |
| Debt / EquityLower = less leverage | 0.23× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $162.5M | ||
| Q3 25 | $627.6M | $165.2M | ||
| Q2 25 | $625.2M | $398.1M | ||
| Q1 25 | $557.3M | $477.8M | ||
| Q4 24 | $579.7M | $482.4M | ||
| Q3 24 | $494.1M | $778.5M | ||
| Q2 24 | $465.4M | $401.8M | ||
| Q1 24 | $392.5M | $492.7M |
| Q4 25 | — | $81.3M | ||
| Q3 25 | $631.1M | $81.3M | ||
| Q2 25 | $631.8M | $162.5M | ||
| Q1 25 | $632.4M | $243.8M | ||
| Q4 24 | $1.2B | $325.0M | ||
| Q3 24 | $1.2B | $325.0M | ||
| Q2 24 | $1.2B | $0 | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $2.7B | $1.1B | ||
| Q2 25 | $2.7B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.5B | $1.0B | ||
| Q1 24 | $2.4B | $1.1B |
| Q4 25 | — | $7.0B | ||
| Q3 25 | $8.7B | $4.2B | ||
| Q2 25 | $8.5B | $4.4B | ||
| Q1 25 | $9.5B | $5.2B | ||
| Q4 24 | $9.1B | $5.3B | ||
| Q3 24 | $8.1B | $4.0B | ||
| Q2 24 | $9.0B | $4.2B | ||
| Q1 24 | $10.8B | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | 0.23× | 0.07× | ||
| Q2 25 | 0.23× | 0.13× | ||
| Q1 25 | 0.24× | 0.20× | ||
| Q4 24 | 0.47× | 0.28× | ||
| Q3 24 | 0.47× | 0.29× | ||
| Q2 24 | 0.49× | 0.00× | ||
| Q1 24 | 0.50× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $31.2M | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $117.0M | ||
| Q3 25 | $31.2M | $86.5M | ||
| Q2 25 | $112.7M | $86.6M | ||
| Q1 25 | $49.6M | $186.0M | ||
| Q4 24 | $81.0M | $54.2M | ||
| Q3 24 | $91.8M | $91.5M | ||
| Q2 24 | $99.2M | $79.9M | ||
| Q1 24 | $9.1M | $167.5M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 5.29× | 1.78× | ||
| Q1 25 | 3.33× | 2.03× | ||
| Q4 24 | 7.50× | 1.45× | ||
| Q3 24 | 45.90× | 1.84× | ||
| Q2 24 | — | 1.64× | ||
| Q1 24 | 1.28× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
