Paylocity Holding Corp PCTY

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

We are a leading cloud-based provider of human capital management ("HCM"), finance and IT software solutions. Our unified, easy-to-use platform helps businesses streamline HR, finance, and IT operations, manage spend and talent, and build culture and connection with artificial intelligence ("AI") embedded directly into everyday workflows to save time, reduce manual effort, and support better decision-making. Excluding clients acquired through acquisitions, as of June 30, 2026, we provided our software-as-a-service ("SaaS") solutions to approximately 44,400 clients across the U.S., which on average had over 150 employees.

Effective management of human capital, finance and IT operations is a core function in all organizations and requires a significant commitment of resources. Organizations are faced with an ever-changing employment landscape, the complexity of increasingly geographically dispersed employees, and managing hybrid workplaces. At the same time, employees' expectations are rising, and organizations need to prioritize communication, connection, and collaboration among their employees to differentiate how they attract and retain talent and build a culture of loyalty. Many companies also operate without the infrastructure, expertise or personnel to implement or support large and complex systems in today's dynamic environment. Existing solutions offered by third-party service providers can have limited capabilities and configurability while other enterprise-focused software vendors can be prohibitively expensive and time-consuming to implement and manage. We believe that modern organizations are better served by SaaS solutions designed to meet their unique needs, delivering fast time-to-value, and providing their employees with the most engaging experience available.

Last close 177.19 2026-10-23
Market cap $9.40B 2026-06-30 share count
52-week range 92.99 - 178.24

Valuation FY2026 figures against the last close

P/S5.7x
P/E36.0x
P/FCF18.9x
EV/EBITDA18.5x
Dividend yield—
Diluted EPS4.92

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $1.65B$1.47B$1.28B$1.10B$847.7M$631.7M$546.2M$447.8M$368.4M$300.0M
Cost of revenue $545.8M$498.2M$441.7M$367.0M$287.0M$219.3M$182.0M$153.9M$149.2M$124.0M
Gross profit $1.23B$1.10B$960.8M$807.6M$565.6M$416.3M$379.3M$313.8M$228.3M$176.0M
R&D $221.4M$205.9M$178.3M$164.0M$102.9M$76.7M$62.8M$50.3M$37.6M$29.1M
SG&A $224.2M$212.9M$187.4M$191.8M$163.7M$119.8M$105.2M$94.6M$79.3M$62.1M
Total operating expenses $839.5M$793.0M$700.7M$652.5M$481.1M$358.3M$313.1M$257.6M$212.4M$168.7M
Operating income $386.0M$304.0M$260.1M$155.0M$84.6M$58.0M$66.2M$56.2M$15.9M$7.3M
Pre-tax income $387.3M$309.1M$277.0M$158.6M$83.6M$57.1M$67.1M$58.0M$16.8M$7.4M
Income tax $117.6M$81.9M$70.2M$17.8M$7.2M$13.7M$2.7M$4.2M$21.8M$651.0K
Net income $269.7M$227.1M$206.8M$140.8M$90.8M$70.8M$64.5M$53.8M$38.6M$6.7M
EPS, basic 4.994.083.682.531.651.301.201.020.740.13
EPS, diluted 4.924.023.632.491.611.261.150.970.700.12
Shares, diluted (wtd. avg.) 54.8M56.5M57.0M56.6M56.4M56.3M55.8M55.4M54.9M54.1M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $271.9M$398.1M$401.8M$2.42B$3.79B$1.95B$1.49B$1.43B$1.24B$1.05B
Short-term investments ————$0$4.5M$34.6M$29.3M$732.0K—
Receivables $50.1M$41.6M$33.0M$25.1M$15.8M$6.3M$4.9M$4.4M$3.5M$2.0M
Total current assets $3.72B$3.31B$3.52B$3.05B$4.23B$2.03B$1.66B$1.60B$1.38B$1.06B
Property, plant and equipment $71.4M$54.2M$60.6M$64.1M$62.8M$59.8M$66.7M$70.1M$62.0M$40.8M
Goodwill $379.0M$343.1M$108.9M$102.1M$101.9M$33.6M$21.7M$9.6M$9.6M$6.0M
Other intangibles $86.1M$92.7M$28.3M$34.5M$45.5M$13.0M$13.4M$10.8M$13.0M$8.9M
Total assets $4.88B$4.39B$4.25B$3.70B$4.81B$2.41B$1.99B$1.80B$1.51B$1.14B
Accounts payable $10.9M$17.3M$8.6M$6.2M$8.4M$4.2M$1.8M$4.0M$3.0M$2.0M
Total current liabilities $3.42B$2.91B$3.12B$2.77B$4.12B$1.87B$1.41B$1.46B$1.27B$974.8M
Long-term debt $81.2M$162.5M$0———$100.0M———
Total liabilities $3.66B$3.16B$3.21B$2.85B$4.20B$1.94B$1.59B$1.50B$1.29B$989.8M
Retained earnings $1.17B$900.6M$673.5M$466.7M$325.9M$235.1M$164.3M$99.8M$46.0M-$45.3M
Total equity $1.22B$1.23B$1.03B$842.9M$613.5M$476.9M$392.9M$308.0M$212.8M$147.6M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $533.3M$418.2M$384.7M$282.7M$155.1M$124.8M$112.7M$115.0M$97.9M$62.0M
Depreciation and amortisation $111.8M$99.6M$76.4M$60.9M$50.2M$43.0M$37.9M$34.6M$30.2M$21.0M
Stock-based compensation $138.7M$142.8M$146.0M$147.3M$96.2M$63.1M$47.5M$38.8M$30.4M$26.7M
Capital expenditure $36.2M$13.1M$18.0M$21.9M$18.1M$9.5M$16.6M$11.3M$21.7M$21.3M
Investing cash flow -$154.8M-$455.5M-$101.9M-$220.2M-$479.8M$48.4M-$48.8M-$43.3M-$179.3M-$37.8M
Financing cash flow $9.0M-$325.8M$141.6M-$1.43B$2.17B$280.5M$2.1M$114.7M$275.2M-$304.3M
Buybacks $398.1M$149.6M$150.0M$0$0——$35.0M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001591698-26-000069.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B 2B Revenue, FY2017: 300M Gross profit, FY2017: 176M Net income, FY2017: 6.7M Revenue, FY2018: 368.4M Gross profit, FY2018: 228.3M Net income, FY2018: 38.6M Revenue, FY2019: 447.8M Gross profit, FY2019: 313.8M Net income, FY2019: 53.8M Revenue, FY2020: 546.2M Gross profit, FY2020: 379.3M Net income, FY2020: 64.5M Revenue, FY2021: 631.7M Gross profit, FY2021: 416.3M Net income, FY2021: 70.8M Revenue, FY2022: 847.7M Gross profit, FY2022: 565.6M Net income, FY2022: 90.8M Revenue, FY2023: 1.1B Gross profit, FY2023: 807.6M Net income, FY2023: 140.8M Revenue, FY2024: 1.3B Gross profit, FY2024: 960.8M Net income, FY2024: 206.8M Revenue, FY2025: 1.5B Gross profit, FY2025: 1.1B Net income, FY2025: 227.1M Revenue, FY2026: 1.7B Gross profit, FY2026: 1.2B Net income, FY2026: 269.7M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $300.0M $368.4M $447.8M $546.2M $631.7M $847.7M $1.10B $1.28B $1.47B $1.65B
Gross profit $176.0M $228.3M $313.8M $379.3M $416.3M $565.6M $807.6M $960.8M $1.10B $1.23B
Net income $6.7M $38.6M $53.8M $64.5M $70.8M $90.8M $140.8M $206.8M $227.1M $269.7M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed Form 10-K
  • Results announced Item 2.02
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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