Dayforce, Inc. announced its first quarter 2025 financial results on May 7, 2025, reporting total revenue of $481.8 million, an increase of 11.7% year-over-year, or 13.6% on a constant currency basis. Revenue excluding float increased 15.0% GAAP and 17.1% constant currency, surpassing analyst estimates of $477.6 million.
The company reported net income of $14.9 million, or $0.09 per share, with adjusted earnings per share reaching $0.58, exceeding the average estimate of $0.56. Adjusted EBITDA margin expanded significantly to 32.5%, a 240 basis point improvement year-over-year, and net cash provided by operating activities increased to $49.6 million from $9.1 million in the prior year.
Dayforce reiterated its full-year 2025 guidance for total revenue excluding float growth of 14% to 15% constant currency, Adjusted EBITDA margin of 32%, and free cash flow margin of 12%. For the second quarter of 2025, the company expects total revenue between $454 million and $460 million, with total revenue excluding float growing 10% to 11% on a constant currency basis.
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