Paycor Reports Fourth Quarter and Fiscal Year 2024 Financial Results

• K4 Total income of $164.8 million, an increase by 18%
  year-on-year, while operating margins were expanded
• K4 Recurring income of $150.5 million, an increase of 17% year-on-year
• FY’24 Total Revenues of $654.9 million, an increase of 19% year-on-year, while operating margins were expanded
• FY’25 revenue guidance is $722.0 – $729.0 million, up 11% year-over-year at the high end of the range

CINCINNATI, Aug. 14, 2024 (GLOBE NEWSWIRE) — Paycor HCM, Inc. (Nasdaq: PYCR) (“Paycor”), a leading provider of human capital management (“HCM”) software, today announced financial results for the fourth quarter and full fiscal year 2024, ended June 30, 2024.

“Paycor achieved revenue growth of 18% for the quarter and 19% for the year, driven by strong execution of our strategic growth initiatives to add employees and expand PEPM,” said Raul Villar, Jr., Chief Executive Officer of Paycor. “We continued to gain market share by delivering substantial value through our robust, modern HCM solution that supports people and performance.”