[Q2 2025 Performance and Outlook](index=1&type=section&id=Q2%202025%20Performance%20and%20Outlook) This section provides an overview of Dayforce's Q2 2025 financial and operational performance, management's strategic commentary, and future business outlook and guidance [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlighted strong bookings growth, emphasizing system simplification and AI advantages, and reinforced confidence in achieving the $1 billion free cash flow target by 2031 - Year-to-date bookings have grown **over 40% year-over-year**, indicating strong sales momentum[4](index=4&type=chunk) - The company believes it is well-positioned for AI due to its single-database HCM platform and strong data privacy foundation, which provides a structural advantage[4](index=4&type=chunk) - Management has increased confidence in its ability to achieve its long-term target of **$1 billion in free cash flow by 2031**[4](index=4&type=chunk) [Financial Highlights for the Second Quarter 2025](index=1&type=section&id=Financial%20Highlights%20for%20the%20Second%20Quarter%202025) Dayforce reported strong Q2 2025 growth with total revenue up 9.8% and recurring revenue up 13.6%, alongside significant profitability improvements and expanded Adjusted EBITDA margin Q2 2025 Key Financial Metrics (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Total Revenue | $464.7M | $423.3M | +9.8% | | Total Revenue (ex-float) | $417.3M | $374.4M | +11.5% | | Dayforce Recurring Revenue (ex-float) | $315.5M | $277.7M | +13.6% | | Operating Profit | $42.3M | $14.1M | +199.3% | | Adjusted Operating Profit | $124.9M | $94.9M | +31.6% | | Net Income (Loss) | $21.3M | ($1.8M) | N/A | | Adjusted Net Income | $98.2M | $76.2M | +28.9% | | Diluted EPS | $0.13 | ($0.01) | N/A | | Adjusted Diluted EPS | $0.61 | $0.48 | +27.1% | | Adjusted EBITDA | $147.2M | $116.3M | +26.6% | | Adjusted EBITDA Margin | 31.7% | 27.5% | +420 bps | - The number of customers live on the Dayforce platform grew to **6,984** as of June 30, 2025, a **4.9% increase year-over-year**[7](index=7&type=chunk) - For the six months ended June 30, 2025, net cash provided by operating activities was **$162.3 million**, a **significant increase from $108.3 million** in the same period of 2024. Free cash flow **nearly doubled to $106.6 million**[7](index=7&type=chunk) [Recent Business Highlights](index=2&type=section&id=Recent%20Business%20Highlights) The company secured major new customer relationships, including the Government of Canada, and delivered key product enhancements with AI-powered features and compliance updates - The Government of Canada is moving forward with Dayforce for a significant HR and Pay transformation project[15](index=15&type=chunk) - Key customer wins include a global apparel leader (**37,000 employees**) adopting the full suite and a U.S. infrastructure provider (**10,000 employees**) selecting Managed Payroll and other solutions[15](index=15&type=chunk) - Product development continued with enhancements such as AI-powered skills-based learning, mobile-first features for frontline workers, and **over 230 compliance updates**[15](index=15&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) Dayforce issued Q3 and full-year 2025 guidance projecting double-digit revenue growth and raised its free cash flow margin outlook due to favorable legislative changes [Third Quarter 2025 Guidance](index=2&type=section&id=Third%20Quarter%202025%20Guidance) The company provides specific financial guidance for the third quarter of 2025, including projections for total revenue, recurring revenue, and Adjusted EBITDA margin Q3 2025 Guidance | Metric | Guidance Range | Implied Growth (GAAP) | | :--- | :--- | :--- | | Total Revenue | $476M - $486M | N/A | | Total Revenue, ex-float | $434M - $444M | 10.1% - 12.6% | | Dayforce Recurring Revenue, ex-float | $329M - $339M | 12.7% - 16.1% | | Float Revenue | $42M | N/A | | Adjusted EBITDA Margin | 30.0% - 30.5% | N/A | [Full Year 2025 Guidance](index=2&type=section&id=Full%20Year%202025%20Guidance) The company outlines its financial guidance for the full fiscal year 2025, including total revenue, recurring revenue, Adjusted EBITDA margin, and an updated free cash flow margin Full Year 2025 Guidance | Metric | Guidance Range | Implied Growth (GAAP) | | :--- | :--- | :--- | | Total Revenue | $1,935M - $1,955M | N/A | | Total Revenue, ex-float | $1,749M - $1,769M | 12.1% - 13.4% | | Dayforce Recurring Revenue, ex-float | $1,324M - $1,344M | 14.2% - 15.9% | | Float Revenue | $186M | N/A | | Adjusted EBITDA Margin | 32% | N/A | | Free Cash Flow Margin | 13.5% - 14.0% | N/A | - Free cash flow margin guidance was increased from **12.0% to a range of 13.5% to 14.0%**, reflecting the positive impact of the 'One Big Beautiful Bill Act' on future cash tax remittances[21](index=21&type=chunk) [Foreign Exchange Assumptions](index=3&type=section&id=Foreign%20Exchange%20Assumptions) The company's Q3 and FY 2025 guidance incorporates specific foreign exchange rate assumptions for the Canadian dollar, Australian dollar, and Great British pound Key Foreign Exchange Rate Assumptions for 2025 Guidance | Currency Pair | Q3 2025 Guidance Rate | FY 2025 Guidance Rate | FY 2024 Actual Rate | | :--- | :--- | :--- | :--- | | U.S. dollar to Canadian dollar | 1.38 | 1.40 | 1.37 | | U.S. dollar to Australian dollar | 1.56 | 1.56 | 1.52 | | U.S. dollar to Great British pound | 0.76 | 0.77 | 0.78 | [Financial Statements (Unaudited)](index=6&type=section&id=Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements, including balance sheets, statements of operations, and cash flows, for the reported periods [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, Dayforce's balance sheet showed total assets of $8.50 billion, a decrease from year-end 2024, while total stockholders' equity increased Balance Sheet Summary (in millions) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and equivalents | $625.2 | $579.7 | | Total current assets | $5,314.3 | $5,983.5 | | Total assets | $8,500.8 | $9,117.0 | | Total current liabilities | $5,117.8 | $5,314.8 | | Total liabilities | $5,798.5 | $6,570.7 | | Total stockholders' equity | $2,702.3 | $2,546.3 | [Condensed Consolidated Statements of Operations](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For Q2 2025, total revenue grew 9.8%, operating profit significantly improved, and net income turned positive at $21.3 million Statement of Operations Summary - Three Months Ended June 30 (in millions) | Account | 2025 | 2024 | | :--- | :--- | :--- | | Total revenue | $464.7 | $423.3 | | Total costs and expenses | $422.4 | $409.2 | | Operating profit | $42.3 | $14.1 | | Net income (loss) | $21.3 | $(1.8) | | Diluted net income (loss) per share | $0.13 | $(0.01) | Statement of Operations Summary - Six Months Ended June 30 (in millions) | Account | 2025 | 2024 | | :--- | :--- | :--- | | Total revenue | $946.5 | $854.8 | | Operating profit | $73.3 | $54.8 | | Net income | $36.2 | $5.3 | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, operating cash flow increased to $162.3 million, with significant cash usage in financing activities Cash Flow Summary - Six Months Ended June 30 (in millions) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $162.3 | $108.3 | | Net cash used in investing activities | $(180.3) | $(383.5) | | Net cash (used in) provided by financing activities | $(919.5) | $7.7 | [Supplemental Data and Non-GAAP Measures](index=9&type=section&id=Supplemental%20Data%20and%20Non-GAAP%20Measures) This section provides supplemental financial data, including detailed revenue breakdowns, share-based compensation, and reconciliations of GAAP to non-GAAP financial measures with their explanations [Revenue Financial Measures](index=9&type=section&id=Revenue%20Financial%20Measures) Q2 2025 revenue breakdown shows Dayforce recurring revenue grew 13.6% and total revenue excluding float increased by 11.5%, while float revenue decreased Q2 2025 Revenue Breakdown (in millions) | Revenue Source | Q2 2025 | Q2 2024 | % Change (GAAP) | % Change (Constant Currency) | | :--- | :--- | :--- | :--- | :--- | | Dayforce recurring | $315.5 | $277.7 | 13.6% | 13.5% | | Float | $47.4 | $48.9 | (3.1)% | (2.9)% | | Professional services | $71.6 | $58.3 | 22.8% | 23.0% | | **Total revenue** | **$464.7** | **$423.3** | **9.8%** | **9.8%** | | **Total revenue, ex-float** | **$417.3** | **$374.4** | **11.5%** | **11.5%** | [Share-Based Compensation Expense](index=10&type=section&id=Share-Based%20Compensation%20Expense) Total share-based compensation expense increased to $48.4 million in Q2 2025 and $94.4 million for the first six months of the year Share-Based Compensation Expense (in millions) | Period | 2025 | 2024 | | :--- | :--- | :--- | | Three Months Ended June 30 | $48.4 | $40.8 | | Six Months Ended June 30 | $94.4 | $78.8 | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=11&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) The company provides detailed reconciliations, adjusting GAAP operating profit of $42.3 million to an adjusted $124.9 million and GAAP net income to $98.2 million Q2 2025 GAAP to Non-GAAP Reconciliation (in millions) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | Operating Profit | $42.3 | +$82.6 | $124.9 | | Net Income | $21.3 | +$76.9 | $98.2 | | EBITDA | $98.6 | +$48.6 | $147.2 (Adjusted EBITDA) | [Reconciliation of Free Cash Flow](index=13&type=section&id=Reconciliation%20of%20Free%20Cash%20Flow) Free cash flow for the six months ended June 30, 2025, was $106.6 million, representing an 11.3% margin, a significant increase from the prior year Free Cash Flow - Six Months Ended June 30 (in millions) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $162.3 | $108.3 | | Capital expenditures | $(55.7) | $(54.4) | | **Free cash flow** | **$106.6** | **$53.9** | | **Free cash flow margin** | **11.3%** | **6.3%** | [Explanation of Non-GAAP Financial Measures](index=14&type=section&id=Explanation%20of%20Non-GAAP%20Financial%20Measures) Dayforce explains its non-GAAP measures, such as Adjusted EBITDA and Free Cash Flow, as useful for evaluating operating performance and internal budgeting - Management uses non-GAAP measures to assess operating performance by excluding results of decisions outside normal business operations and for internal budgeting and forecasting[45](index=45&type=chunk) - Key non-GAAP adjustments include share-based compensation expense, amortization of acquisition-related intangible assets, and certain other items like restructuring expenses[47](index=47&type=chunk) [Forward-Looking Statements and Risk Factors](index=4&type=section&id=Forward-Looking%20Statements%20and%20Risk%20Factors) This section outlines forward-looking statements and key risk factors, including competition, security breaches, and evolving AI regulations, that could impact future results - The press release contains forward-looking statements, including financial guidance for Q3 and FY 2025, which are not guarantees of future performance[22](index=22&type=chunk) - Key identified risk factors include competition, ability to manage growth, information security breaches, reliance on strategic relationships, and failure to comply with laws and regulations, including those related to AI[22](index=22&type=chunk)[26](index=26&type=chunk)

Core Insights - Dayforce (DAY) is set to report its second-quarter 2025 results on August 4, with expected revenues between $454 million and $460 million, reflecting a year-over-year growth of 8.3% [1][9] - The Zacks Consensus Estimate for second-quarter revenues is $458.2 million, indicating an 8.3% year-over-year increase, with earnings estimated at 52 cents per share, also showing 8.3% growth [2] - Dayforce has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average surprise of 17.04% [2] Revenue and Customer Growth - The anticipated revenue for the upcoming quarter, excluding float revenues of $46 million, is projected to be between $408 million and $414 million [1] - As of March 31, 2025, Dayforce had 6,929 customers, marking a 5.4% year-over-year increase, and recurring revenue per customer reached $167,600, up 11.5% from the previous year [4] Technological Advancements - Dayforce is enhancing its AI capabilities with tools like Dayforce AI Assistant, which is now available on mobile platforms, and improvements in various workflows, expected to drive platform adoption and revenue growth [5] - The company is also expanding compliance features for global statutory requirements, which is anticipated to attract new clients [6] Market Performance - Since the release of first-quarter 2025 results on May 7, DAY shares have increased by 6.1%, underperforming the broader Zacks Computer and Technology sector, which appreciated by 14.2%, and the Zacks Internet Software industry, which returned 17.2% [3]

Core Insights - Dayforce, Inc. is hosting its flagship conference, Dayforce Discover, from October 6-9 at Wynn Las Vegas, focusing on enhancing work life through human capital management [1][2] - The conference will feature keynotes, learning opportunities, and a community-driven experience centered around the theme of meaningful work in the age of AI [2][3] Event Highlights - The conference will include an Innovation Keynote by Dayforce CEO David Ossip and Chief Strategy Officer Joe Korngiebel, discussing new ways for customers to work and learn using AI innovations [7] - Guest speaker Salman Khan will address the future of personalized learning and AI in the workplace [7] - Closing Keynote by Tracee Ellis Ross will focus on the importance of joy in the workplace and how to cultivate a joyful culture [7] - Attendees can participate in hands-on labs, breakout sessions, and earn certifications from recognized organizations [7] Community and Networking - Dayforce Discover aims to create an authentic community experience, allowing attendees to connect with like-minded peers and industry leaders [3][5] - The event will feature a Customer Support Zone for personalized assistance and a Dayforce Exploration Expo for hands-on interaction with the platform [7] Company Overview - Dayforce is a global leader in human capital management technology, providing an AI-powered platform that supports HR, payroll, time, talent, and analytics for organizations of all sizes [8]

Core Insights - Dayforce, Inc. has announced the rebranding of its payroll and HR management solution for SMEs to Powerpay by Dayforce, emphasizing a strategic shift to meet the evolving needs of over 46,000 clients across Canada [1][2][3] Company Overview - Dayforce is a global leader in human capital management technology, aiming to improve workplace life and assist thousands of clients and millions of employees worldwide [8] Industry Context - SMEs are a crucial driver of the Canadian economy, contributing billions to the GDP annually and representing nearly the entire business landscape [2] - Managing an SME has become increasingly complex due to hundreds of legislative changes each year, necessitating simple and reliable tools for compliance and payroll accuracy [2] Product Features - Powerpay is designed to simplify compliance, save time for business owners, and allow them to focus on their core operations [3] - The solution offers an intuitive user experience with enhanced features for time tracking and payroll, including a New Hire Assistant and mass self-service enrollment [4] Leadership Changes - Behrad Bayanpour has been appointed as the General Manager of Powerpay, overseeing sales, products, engineering, and services to drive the mission of providing reliable and compliant solutions for Canadian business owners [6] Client Testimonials - Clients like Apollo Property Management have praised Powerpay for transforming payroll management, highlighting its intuitive and scalable nature, which ensures accurate and timely payroll processing [5]

Core Insights - Hubexo has selected Dayforce to consolidate its HR systems and provide a unified platform for its global workforce [1][2] - The implementation of Dayforce is part of Hubexo's broader digital transformation strategy, which includes restructuring under a unified brand [2][3] - Dayforce will support over 2,400 employees across 25 countries, enhancing decision-making and operational efficiency [3][4] Company Overview - Dayforce is a global leader in human capital management (HCM) technology, focused on improving work life for employees and organizations [5] - The platform offers a comprehensive suite of tools including Time and Attendance, Reporting and Analytics, Compensation Management, and Performance Management [2][5] - Dayforce aims to provide operational resiliency and simplicity at scale for organizations facing complex workforce challenges [4]

Group 1 - Stock markets are optimistic about new trade deals and have largely recovered from losses incurred after the announcement of tariffs on "Liberation Day" [1] - Current stock valuations appear high as the macroeconomic environment shows signs of improvement [1] - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and advises startups [1]

Core Insights - Dayforce (DAY) reported revenue of $481.8 million for the quarter ended March 2025, marking an 11.7% year-over-year increase and exceeding the Zacks Consensus Estimate by 0.87% [1] - The earnings per share (EPS) for the same period was $0.58, up from $0.43 a year ago, representing a surprise of 3.57% over the consensus estimate of $0.56 [1] Revenue Breakdown - Recurring revenue was reported at $410.50 million, which is below the four-analyst average estimate of $421.40 million, reflecting a year-over-year increase of 7.3% [4] - Revenue from professional services and other was $71.30 million, surpassing the average estimate of $55.49 million, with a significant year-over-year change of 46.1% [4] - Other recurring revenue was reported at $13.10 million, which is below the two-analyst average estimate of $15.12 million, showing a year-over-year decline of 32.8% [4] Stock Performance - Dayforce shares have returned 18% over the past month, outperforming the Zacks S&P 500 composite's return of 10.6% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Company Performance - Dayforce reported quarterly earnings of $0.58 per share, exceeding the Zacks Consensus Estimate of $0.56 per share, and up from $0.43 per share a year ago, representing an earnings surprise of 3.57% [1] - The company posted revenues of $481.8 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.87%, and an increase from $431.5 million year-over-year [2] - Dayforce has surpassed consensus EPS estimates for the last four quarters and has also topped consensus revenue estimates four times during the same period [2] Stock Outlook - Dayforce shares have declined approximately 19.9% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.52 on revenues of $465.14 million, and for the current fiscal year, it is $2.30 on revenues of $1.93 billion [7] Industry Context - The Internet - Software industry, to which Dayforce belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Dayforce's stock performance [5]

Revenue and Customer Growth - Total revenue increased by $50.3 million, or 11.7%, to $481.8 million for Q1 2025 compared to $431.5 million for Q1 2024[124] - The number of live Dayforce customers increased by 5.4% to 6,929 at March 31, 2025, from 6,575 at March 31, 2024[124] - Dayforce recurring revenue per customer grew to $167,600 for the trailing twelve months ended March 31, 2025, compared to $150,362 for the same period in 2024[124] - Total revenue, excluding float, increased by 15.0% to $426.5 million for Q1 2025 compared to $370.8 million for Q1 2024[124] Profit and Income - Operating profit decreased by $9.7 million, or 23.8%, to $31.0 million for Q1 2025 compared to $40.7 million for Q1 2024[122] - Net income for Q1 2025 was $14.9 million, a 109.9% increase compared to $7.1 million for Q1 2024[122] - For the three months ended March 31, 2025, operating profit was $31.0 million, a decrease from $40.7 million for the same period in 2024[133] - Net income for the three months ended March 31, 2025, was $14.9 million, compared to $7.1 million for the same period in 2024, driven by increased revenue and lower interest expenses[138] - The net income for the same period was $14.9 million, resulting in a net income margin of 3.1%[157] - Adjusted net income for Q1 2025 was $46.0 million, with an adjusted net profit margin of 19.5%[157] Expenses and Costs - Costs of recurring services increased by $10.0 million, or 11.3%, for Q1 2025 compared to Q1 2024, primarily due to a $6.3 million increase in labor and employee benefit expenses[126] - Costs of professional services rose by $15.2 million, or 23.0%, for Q1 2025 compared to Q1 2024, mainly due to a $15.0 million increase in labor and benefit expenses[127] - General and administrative expenses increased by $15.1 million, or 27.0%, for the three months ended March 31, 2025, compared to the same period in 2024[131] - Selling and marketing expenses rose by $8.4 million, or 10.7%, for the three months ended March 31, 2025, compared to the same period in 2024[130] Cash Flow and Investments - Cash provided by operating activities was $49.6 million for the three months ended March 31, 2025, significantly up from $9.1 million in the same period of 2024[145] - Total cash, restricted cash, and equivalents at the end of the period was $3,473.0 million, down from $4,899.2 million at the end of March 31, 2024[144] - Investment in software development for the three months ended March 31, 2025, was $55.8 million, compared to $50.4 million in the same period of 2024[129] - Net cash used in investing activities was $120.1 million for the three months ended March 31, 2025, down from $290.7 million in the same period of 2024[146] - Net cash provided by financing activities was $288.6 million for the three months ended March 31, 2025, compared to $1,772.9 million in the same period of 2024[148] Margins and Ratios - For the three months ended March 31, 2025, the operating profit was $31.0 million with an operating profit margin of 6.4%[157] - Adjusted EBITDA for Q1 2025 was $80.9 million, with an adjusted EBITDA margin of 32.5%[157] - Free cash flow for Q1 2025 was $19.5 million, representing a free cash flow margin of 4.0%[160] - The company reported a diluted net income per share of $0.09 for Q1 2025, compared to $0.04 in Q1 2024[159] Future Expectations and Risks - The company expects to finalize the wind down of its pension plan in 2025, transferring associated liabilities to an insurance company[172] - A hypothetical 10% change in foreign currency exchange rates is not expected to materially affect the company's operational needs[164] - A 100 basis point decrease in market investment rates could result in approximately $27 million decrease in float revenue over the next twelve months[167] Performance Obligations - As of March 31, 2025, remaining performance obligations were approximately $1.28 billion, representing contracted revenue not yet recognized[150]

Revenue Performance - Dayforce's recurring revenue, excluding float, reached $323 million, an increase of 14%, or 16% on a constant currency basis[2] - Total revenue was $482 million, up 12%, and excluding float, it increased by 15%, or 17% on a constant currency basis[2] - Total revenue for Q1 2025 was $481.8 million, representing an 11.7% increase compared to $431.5 million in Q1 2024[27] - Recurring services revenue increased to $410.5 million, up 7.3% from $382.7 million in the same period last year[30] - The company plans to achieve total revenue of $1,929 million to $1,944 million for the full year 2025, representing an increase of approximately 12.1% to 13.1% on a GAAP basis[11] Customer Metrics - The number of customers live on the Dayforce platform increased by 5.4% year-over-year to 6,929[7] - Dayforce recurring revenue per customer was $167,600 for the trailing twelve months, an increase of 11.5%[7] Profitability and Cash Flow - Net income for Q1 2025 was $14.9 million, compared to $7.1 million in Q1 2024, reflecting a significant increase[27] - Operating profit decreased to $31.0 million from $40.7 million year-over-year, indicating a decline in operational efficiency[27] - Cash flows from operating activities improved to $49.6 million, up from $9.1 million in Q1 2024[29] - Free cash flow for Q1 2025 was $19.5 million, with a free cash flow margin of 4.0%, while in Q1 2024, free cash flow was negative at $(18.8) million, reflecting a margin of (4.4)%[38] - The guidance for free cash flow for the twelve months ending December 31, 2025, is projected to be between $229 million and $234 million, with free cash flow margins expected to be between 11.9% and 12.1%[38] Balance Sheet Highlights - Total assets increased to $9,499.5 million as of March 31, 2025, compared to $9,117.0 million at the end of 2024[25] - Total liabilities rose to $6,907.4 million, up from $6,570.7 million at the end of 2024[25] - Customer funds obligations increased to $5,361.8 million, compared to $5,024.2 million at the end of 2024[25] - Total stockholders' equity rose to $2,592.1 million, up from $2,546.3 million at the end of 2024[25] Operational Efficiency - For the three months ended March 31, 2025, Dayforce reported an operating profit of $31.0 million, representing a margin of 6.4%, compared to an operating profit of $40.7 million and a margin of 9.4% for the same period in 2024[36] - Dayforce's adjusted operating profit for Q1 2025 was $132.3 million, with an adjusted operating profit margin of 27.5%, compared to $109.1 million and 25.3% in Q1 2024[36] - Dayforce's EBITDA for Q1 2025 was $80.9 million, with an EBITDA margin of 32.5%, compared to $80.5 million and a margin of 30.1% in Q1 2024[36] Strategic Initiatives - Dayforce announced an expanded partnership with Microsoft, making the Dayforce platform available in the Microsoft Azure Marketplace[13] - The company introduced several new features, including Dayforce AI Assistant and enhanced mobile capabilities for talent management[13] Restructuring and Expenses - The company incurred $26.6 million in restructuring expenses in Q1 2025, impacting adjusted operating profit and net income[36]