Dayforce

Software breadth and consolidation value (12‑to‑1 system simplification) provide room for module cross‑sell and measured price increases, aided by compliance value and AI add‑ons. Cloud recurring gross margins near 79 to 80 percent indicate healthy software economics.

That said, intense competition and visible take‑rates for modules temper outsized pricing power. Importantly, a non‑trivial slice of revenue and cash flow is float income determined by short‑term rates, which is not price‑driven. Net: moderate pricing leverage with room for mix‑led margin expansion rather than aggressive price hikes.