v3.25.2
Revenue and Revenue-Related Activity (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue

Disaggregation of Revenue

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(In millions)

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Recurring services:

 

 

 

 

 

 

 

 

 

 

 

 

Dayforce recurring

 

$

315.5

 

 

$

277.7

 

 

$

638.6

 

 

$

560.1

 

Powerpay recurring

 

 

19.9

 

 

 

19.9

 

 

 

38.9

 

 

 

40.4

 

Other recurring

 

 

10.3

 

 

 

18.5

 

 

 

23.4

 

 

 

37.6

 

Float

 

 

47.4

 

 

 

48.9

 

 

 

102.7

 

 

 

109.6

 

Total recurring services

 

 

393.1

 

 

 

365.0

 

 

 

803.6

 

 

 

747.7

 

Professional services

 

 

71.6

 

 

 

58.3

 

 

 

142.9

 

 

 

107.1

 

Total revenue

 

$

464.7

 

 

$

423.3

 

 

$

946.5

 

 

$

854.8

 

Schedule of Changes in Contract Assets

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

 

(In millions)

 

Contract assets, beginning of period

 

$

100.2

 

 

$

89.0

 

Additions

 

 

55.6

 

 

 

46.0

 

Reductions

 

 

(49.4

)

 

 

(41.4

)

Foreign currency translation

 

 

2.1

 

 

 

(0.6

)

Contract assets, end of period

 

$

108.5

 

 

$

93.0

 

 

Schedule of Changes in Deferred Revenue

Deferred revenue primarily consists of payments received in advance of revenue recognition.

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

 

(In millions)

 

Deferred revenue, beginning of period

 

$

42.3

 

 

$

40.2

 

New billings

 

 

654.8

 

 

 

493.9

 

Acquired billings

 

 

 

 

 

8.6

 

Revenue recognized

 

 

(651.1

)

 

 

(495.6

)

Effect of exchange rate

 

 

0.9

 

 

 

(0.6

)

Deferred revenue, end of period

 

$

46.9

 

 

$

46.5