Company / Gross Margin
Dayforce Gross Margin History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
46.1%
FY2024
5-year range
37.3% / 46.1%
FY2020-FY2024
Trend
+8.0%
vs FY2023
Sector context
#28 of 179
Industrials
What the data says
Dayforce's gross margin of 46.1% is higher than 84% of companies in the Industrials sector (FY2024). Gross Margin has increased for 3 consecutive years, from 37.3% in FY2021 to 46.1% in FY2024.
Based on SEC 10-K filings.
46.1% in FY2024 with a 5-year CAGR of +1.5%. Top quartile in the Industrials sector.
Improved from 38.0% to 46.1% over the past 2 years.
Industrials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +8.8pp
- 5-Year Change
- +1.5pp
- 10-Year Change
- -
Sector benchmark
Top 16% in IndustrialsTop 16% of 179This company 46.1% Sector average 27.8%
▼
+65.8% above sector average
Key checks
Key Insights
- Dayforce's gross margin has grown for 3 consecutive years.
- In FY2024, gross margin increased 8.0% year-over-year.
- Currently 18.3pp above the Industrials sector average.
- Lowest gross margin in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.44 (distress zone, below 1.8 threshold)
- Negative profit margin: -7.9%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | 46.1% | +8.0% |
| FY2023 | 42.7% | +12.5% |
| FY2022 | 38.0% | +1.7% |
| FY2021 | 37.3% | -7.9% |
| FY2020 | 40.5% | -9.3% |
| FY2019 | 44.7% | +5.1% |
| FY2018 | 42.5% | +6.7% |
| FY2017 | 39.9% | +9.5% |
| FY2016 | 36.4% | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026