Dayforce, Inc. reported a significant increase in financial performance for the second quarter of 2025, with total revenue reaching $464.7 million, a 9.8% increase from $423.3 million in the same period last year. The company's recurring services revenue, which includes its flagship Dayforce platform, rose to $393.1 million, up from $365.0 million, while professional services revenue also saw a notable increase, climbing to $71.6 million from $58.3 million. This growth translated into an operating profit of $42.3 million, a substantial rise from $14.1 million in Q2 2024, and a net income of $21.3 million compared to a net loss of $1.8 million in the prior year.
In terms of operational metrics, Dayforce's customer base expanded, with the number of live customers increasing by 4.9% to 6,984 as of June 30, 2025. The average recurring revenue per customer also improved, reaching $171,075, up from $154,998 in the previous year. However, the company experienced a decline in float revenue, which decreased by 3.1% due to lower average yields, despite a 7.2% increase in the average float balance of customer funds, which rose to $5.08 billion.
Strategically, Dayforce has been implementing an efficiency plan that included a workforce reduction of approximately 5%, which was largely completed by the end of March 2025. This restructuring resulted in non-recurring charges of $31.9 million for the first half of 2025. The company also continued to invest in product development, with expenditures totaling $57.5 million in Q2 2025, reflecting its commitment to enhancing its software offerings.
Looking ahead, Dayforce maintains a positive outlook, with approximately $1.43 billion in remaining performance obligations expected to be recognized as revenue in the coming years. The company believes that its cash flow from operations, combined with existing cash reserves of $625.2 million and access to its revolving credit facility, will be sufficient to meet its liquidity needs for the foreseeable future. However, management acknowledges potential risks related to market conditions, including fluctuations in interest rates and foreign currency exchange rates, which could impact future performance.
About Dayforce, Inc.
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