Dayforce, Inc. announced its financial results for the fourth quarter and full fiscal year ended December 31, 2024, on February 5, 2025. For Q4 2024, total revenue reached $465.2 million, an increase of 16% year-over-year, exceeding analyst estimates of $455.2 million. Dayforce recurring revenue grew 19% to $347.9 million.
Adjusted earnings per share for Q4 2024 were $0.60, surpassing analyst expectations of $0.46. For the full year 2024, total revenue was $1.76 billion, up 16% year-over-year, and net cash provided by operating activities increased 28% to $281.1 million. The company also reported an annual Dayforce gross revenue retention rate of 98%.
Dayforce provided Q1 2025 revenue guidance between $452 million and $457 million, which was below some analyst estimates. However, the company raised its full-year 2025 Adjusted EBITDA margin guidance by 100 basis points to 32%, and reiterated its full-year revenue excluding float growth of 14% to 15% on a constant currency basis, and free cash flow margin of 12%.
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