Dayforce Financials
This page shows Dayforce (DAY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Dayforce is expanding gross profit and cash generation, but more of each new revenue dollar is being absorbed below the gross line.
Over the last two valid years, operating cash flow climbed from$132.6M to$281.1M . At the same time, net income fell to$18.1M from$54.8M as depreciation and amortization grew much faster, which means reported profit is being held down more by non-cash charges than by a similar deterioration in cash earnings.
The business is keeping a larger share of revenue after direct service costs, with gross margin rising from
Liquidity looks workable rather than roomy: the current ratio stayed near 1.1x for two straight years, so routine operations depend on steady operating inflows more than on a large short-term cushion. With long-term debt around
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dayforce's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Dayforce has an operating margin of 5.9%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 8.8% the prior year.
Dayforce's revenue surged 16.3% year-over-year to $1.8B, reflecting rapid business expansion. This strong growth earns a score of 81/100.
Dayforce has a moderate D/E ratio of 0.47. This balance of debt and equity financing earns a leverage score of 30/100.
Dayforce's current ratio of 1.13 is below the typical benchmark, resulting in a score of 25/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Dayforce's ROE of 0.7% shows moderate profitability relative to equity, earning a score of 35/100. This is down from 2.3% the prior year.
Dayforce scores 1.29, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11.2B) relative to total liabilities ($6.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Dayforce passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Dayforce generates $15.53 in operating cash flow ($281.1M OCF vs $18.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Dayforce earns $2.6 in operating income for every $1 of interest expense ($104.1M vs $40.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Dayforce generated $1.8B in revenue in fiscal year 2024. This represents an increase of 16.3% from the prior year.
Dayforce's EBITDA was $313.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 18.2% from the prior year.
Dayforce reported $18.1M in net income in fiscal year 2024. This represents a decrease of 67.0% from the prior year.
Dayforce earned $0.11 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 68.6% from the prior year.
Cash & Balance Sheet
Dayforce held $579.7M in cash against $1.2B in long-term debt as of fiscal year 2024.
Dayforce had 159M shares outstanding in fiscal year 2024. This represents an increase of 1.7% from the prior year.
Margins & Returns
Dayforce's gross margin was 46.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.4 percentage points from the prior year.
Dayforce's operating margin was 5.9% in fiscal year 2024, reflecting core business profitability. This is down 2.9 percentage points from the prior year.
Dayforce's net profit margin was 1.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.
Dayforce's ROE was 0.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.
Capital Allocation
Dayforce invested $123.0M in research and development in fiscal year 2024. This represents an increase of 9.8% from the prior year.
Dayforce spent $36.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
DAY Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $481.6M+3.6% | $464.7M-3.5% | $481.8M+3.6% | $465.2M+5.7% | $440.0M+3.9% | $423.3M-1.9% | $431.5M+8.0% | $399.7M |
| Cost of Revenue | N/A | N/A | N/A | $889.3M+4175.5% | $20.8M+7.8% | $19.3M+4.3% | $18.5M-92.0% | $229.9M |
| Gross Profit | N/A | N/A | N/A | -$424.1M-310.7% | $201.3M+7.8% | $186.8M-9.1% | $205.4M+21.0% | $169.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $81.2M+37.9% | $58.9M-17.2% | $71.1M-62.1% | $187.6M+195.9% | $63.4M+7.5% | $59.0M+5.4% | $56.0M+147.0% | -$119.2M |
| Operating Income | $30.5M-27.9% | $42.3M+36.5% | $31.0M+8.8% | $28.5M+37.0% | $20.8M+47.5% | $14.1M-65.4% | $40.7M+4.9% | $38.8M |
| Interest Expense | $6.7M-5.6% | $7.1M-10.1% | $7.9M+6.8% | $7.4M-15.9% | $8.8M-20.7% | $11.1M-16.5% | $13.3M+49.4% | $8.9M |
| Income Tax | $43.9M+158.2% | $17.0M+304.8% | $4.2M+142.4% | -$9.9M-160.7% | $16.3M+805.6% | $1.8M-84.1% | $11.3M+211.9% | -$10.1M |
| Net Income | -$196.8M-1023.9% | $21.3M+43.0% | $14.9M+38.0% | $10.8M+440.0% | $2.0M+211.1% | -$1.8M-125.4% | $7.1M-84.4% | $45.6M |
| EPS (Diluted) | $-1.23-1046.2% | $0.13+44.4% | $0.09 | N/A | $0.01+200.0% | $-0.01-125.0% | $0.04 | N/A |
DAY Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.7B+2.1% | $8.5B-10.5% | $9.5B+4.2% | $9.1B+12.3% | $8.1B-10.3% | $9.0B-16.0% | $10.8B+19.6% | $9.0B |
| Current Assets | $5.5B+4.1% | $5.3B-16.4% | $6.4B+6.3% | $6.0B+22.0% | $4.9B-16.0% | $5.8B-22.7% | $7.6B+26.9% | $6.0B |
| Cash & Equivalents | $627.6M+0.4% | $625.2M+12.2% | $557.3M-3.9% | $579.7M+17.3% | $494.1M+6.2% | $465.4M+18.6% | $392.5M-31.2% | $570.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $2.4B+0.1% | $2.4B+1.7% | $2.3B+0.3% | $2.3B-2.4% | $2.4B+0.5% | $2.4B-0.1% | $2.4B+4.0% | $2.3B |
| Total Liabilities | $6.0B+3.2% | $5.8B-16.1% | $6.9B+5.1% | $6.6B+18.2% | $5.6B-15.4% | $6.6B-21.2% | $8.3B+26.2% | $6.6B |
| Current Liabilities | $5.3B+3.6% | $5.1B-17.8% | $6.2B+17.2% | $5.3B+24.2% | $4.3B-19.0% | $5.3B-25.1% | $7.0B+32.1% | $5.3B |
| Long-Term Debt | $631.1M-0.1% | $631.8M-0.1% | $632.4M-47.7% | $1.2B-0.1% | $1.2B-0.1% | $1.2B-0.1% | $1.2B+0.1% | $1.2B |
| Total Equity | $2.7B-0.3% | $2.7B+4.3% | $2.6B+1.8% | $2.5B-0.4% | $2.6B+3.2% | $2.5B+1.8% | $2.4B+1.4% | $2.4B |
| Retained Earnings | -$556.3M-58.6% | -$350.8M+0.1% | -$351.3M-4.6% | -$335.8M+1.4% | -$340.5M-9.0% | -$312.5M-0.6% | -$310.7M+2.2% | -$317.8M |
DAY Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $31.2M-72.3% | $112.7M+127.2% | $49.6M-38.8% | $81.0M-11.8% | $91.8M-7.5% | $99.2M+990.1% | $9.1M-89.9% | $89.9M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$112.3M-86.5% | -$60.2M+49.9% | -$120.1M-770.3% | -$13.8M+81.5% | -$74.6M+19.6% | -$92.8M+68.1% | -$290.7M-54.7% | -$187.9M |
| Financing Cash Flow | $196.8M+116.3% | -$1.2B-518.6% | $288.6M-74.4% | $1.1B+204.8% | -$1.1B+39.1% | -$1.8B-199.6% | $1.8B+1816.3% | -$103.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $9.0M-56.7% | $20.8M-30.9% | $30.1M+312.3% | $7.3M | N/A | N/A | N/A | N/A |
DAY Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | -91.2%-136.9pp | 45.8%+1.6pp | 44.1%-3.5pp | 47.6%+5.1pp | 42.5% |
| Operating Margin | 6.3%-2.8pp | 9.1%+2.7pp | 6.4%+0.3pp | 6.1%+1.4pp | 4.7%+1.4pp | 3.3%-6.1pp | 9.4%-0.3pp | 9.7% |
| Net Margin | -40.9%-45.4pp | 4.6%+1.5pp | 3.1%+0.8pp | 2.3%+1.9pp | 0.4%+0.9pp | -0.4%-2.1pp | 1.7%-9.8pp | 11.4% |
| Return on Equity | -7.3%-8.1pp | 0.8%+0.2pp | 0.6%+0.2pp | 0.4%+0.3pp | 0.1%+0.1pp | -0.1%-0.4pp | 0.3%-1.6pp | 1.9% |
| Return on Assets | -2.3%-2.5pp | 0.3%+0.1pp | 0.2%+0.0pp | 0.1%+0.1pp | 0.0%+0.0pp | -0.0%-0.1pp | 0.1%-0.4pp | 0.5% |
| Current Ratio | 1.040.0 | 1.04+0.0 | 1.02-0.1 | 1.13-0.0 | 1.15+0.0 | 1.11+0.0 | 1.07-0.0 | 1.12 |
| Debt-to-Equity | 0.230.0 | 0.23-0.0 | 0.24-0.2 | 0.470.0 | 0.47-0.0 | 0.490.0 | 0.500.0 | 0.50 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Dayforce's annual revenue?
Dayforce (DAY) reported $1.8B in total revenue for fiscal year 2024. This represents a 16.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dayforce's revenue growing?
Dayforce (DAY) revenue grew by 16.3% year-over-year, from $1.5B to $1.8B in fiscal year 2024.
Is Dayforce profitable?
Yes, Dayforce (DAY) reported a net income of $18.1M in fiscal year 2024, with a net profit margin of 1.0%.
What is Dayforce's EBITDA?
Dayforce (DAY) had EBITDA of $313.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dayforce have?
As of fiscal year 2024, Dayforce (DAY) had $579.7M in cash and equivalents against $1.2B in long-term debt.
What is Dayforce's gross margin?
Dayforce (DAY) had a gross margin of 46.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dayforce's operating margin?
Dayforce (DAY) had an operating margin of 5.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Dayforce's net profit margin?
Dayforce (DAY) had a net profit margin of 1.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Dayforce's return on equity (ROE)?
Dayforce (DAY) has a return on equity of 0.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Dayforce's operating cash flow?
Dayforce (DAY) generated $281.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Dayforce's total assets?
Dayforce (DAY) had $9.1B in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Dayforce spend on research and development?
Dayforce (DAY) invested $123.0M in research and development during fiscal year 2024.
What is Dayforce's current ratio?
Dayforce (DAY) had a current ratio of 1.13 as of fiscal year 2024, which is considered adequate.
What is Dayforce's debt-to-equity ratio?
Dayforce (DAY) had a debt-to-equity ratio of 0.47 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dayforce's return on assets (ROA)?
Dayforce (DAY) had a return on assets of 0.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Dayforce's Altman Z-Score?
Dayforce (DAY) has an Altman Z-Score of 1.29, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dayforce's Piotroski F-Score?
Dayforce (DAY) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dayforce's earnings high quality?
Dayforce (DAY) has an earnings quality ratio of 15.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Dayforce cover its interest payments?
Dayforce (DAY) has an interest coverage ratio of 2.6x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Dayforce?
Dayforce (DAY) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.