)

Paycor HCM (PYCR) investor relations material
Paycor HCM Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Entered into a definitive agreement to be acquired by Paychex for $22.50 per share in cash, valuing the deal at $4.1 billion and representing a 19% premium over the 30-day VWAP as of January 3, 2025.
Q2 FY2025 total revenues were $180.4M, up 13% year-over-year, driven by higher effective PEPM and customer employee growth.
Net loss for the quarter was $2.0M, a significant improvement from a $26.2M net loss in the prior year period.
Adjusted operating income rose to $31.8M (17.6%-18% margin), up from $23.3M (14.6%-15% margin) year-over-year.
Net cash from operating activities improved to $37.1M, and adjusted free cash flow more than doubled to $28.5M.
Financial highlights
Recurring and other revenue was $167.4M, up 14% year-over-year; interest income on client funds was $13.1M, up 6%.
Gross profit increased 13% to $118.3M, with gross margin stable at 65.5%.
Operating profit was $1.2M, reversing a $26.2M loss in Q2 FY24.
Adjusted net income for the quarter was $25.0M, up from $18.7M year-over-year.
Adjusted free cash flow: $28.5M vs. $14.8M year-over-year.
Outlook and guidance
Merger with Paychex expected to close in the first half of 2025, after which Paycor will become a privately held subsidiary and delist from Nasdaq.
Management expects continued revenue growth from customer and product expansion, with recurring revenue as the primary driver.
Financial guidance for FY25 and Q3 FY25 suspended due to pending acquisition.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage