Paylocity Holding Corporation, founded in 1997, provides cloud-based payroll and human capital management solutions primarily to mid-market companies in the United States. Its flagship Paylocity Workforce platform and mobile app deliver integrated payroll, HR management, and analytics services. Under CEO Steve Singletary’s leadership since 2014, the company has secured a strong market position with high customer retention. Future initiatives include expanding its product offerings and enhancing AI-driven features to meet evolving HR demands.
Financial Statements
In thousands, USD
FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
1,771,326
1,595,221
1,402,515
1,174,598
852,651
Cost of Sales
545,824
498,223
441,729
367,039
287,002
Gross Profit
1,225,502
1,096,998
960,786
807,559
565,649
Selling, General & Administrative Expenses
618,120
587,123
522,360
488,539
378,147
Research & Development Expenses
221,389
205,851
178,333
163,994
102,908
Operating Profit
385,993
304,024
260,093
155,026
84,594
Non-Operating Income
1,310
5,039
16,922
3,588
(997)
Total Non-Operating Income
1,310
5,039
16,922
3,588
(997)
Income Before Provision for Income Taxes
387,303
309,063
277,015
158,614
83,597
Provision for Income Taxes
117,562
81,936
70,249
17,792
(7,180)
Consolidated Net Income
269,741
227,127
206,766
140,822
90,777
Net Income Attributable to Common Shareholders
269,741
227,127
206,766
140,822
90,777
Basic EPS
4.99
4.08
3.68
2.53
1.65
Diluted EPS
4.92
4.02
3.63
2.49
1.61
Basic Weighted Average Shares Outstanding
54,082
55,649
56,214
55,706
55,036
Diluted Weighted Average Shares Outstanding
54,770
56,550
56,976
56,596
56,445
Shares Outstanding
53,271
55,366
55,514
55,912
55,190
FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
271,917
398,070
401,811
288,767
139,756
Total Cash and Cash Equivalents
271,917
398,070
401,811
288,767
139,756
Accounts Receivable
50,093
41,642
32,997
25,085
15,754
Total Trade Receivables
50,093
41,642
32,997
25,085
15,754
Other Current Assets
3,401,046
2,872,257
3,089,684
2,734,585
4,076,173
Total Current Assets
3,723,056
3,311,969
3,524,492
3,048,437
4,231,683
Net Property, Plant & Equipment
104,540
90,207
94,432
108,136
112,049
Net Intangible Assets
229,734
224,988
144,703
120,654
107,460
Goodwill
378,964
343,100
108,937
102,054
101,949
Other Long-Term Assets
448,064
419,164
372,896
316,399
255,873
Total Assets
4,884,358
4,389,428
4,245,460
3,695,680
4,809,014
Accounts Payable
10,944
17,347
8,638
6,153
8,374
Accrued Expenses
200,279
193,081
158,311
143,287
124,384
Other Current Liabilities
3,209,015
2,694,842
2,950,411
2,625,355
3,987,776
Total Current Liabilities
3,420,238
2,905,270
3,117,360
2,774,795
4,120,534
Long-Term Debt
81,250
162,500
—
—
—
Leases
42,200
46,772
46,814
62,471
69,119
Other Long-Term Liabilities
119,253
41,139
48,222
15,551
5,898
Total Long-Term Liabilities
242,703
250,411
95,036
78,022
75,017
Total Liabilities
3,662,941
3,155,681
3,212,396
2,852,817
4,195,551
Common Stock
53
55
56
56
55
Additional Paid-in Capital
52,271
327,518
360,488
380,632
289,843
Accumulated Other Comprehensive Income
(1,231)
5,591
(936)
(4,515)
(2,303)
Retained Earnings
1,170,324
900,583
673,456
466,690
325,868
Total Common Shareholders' Equity
1,221,417
1,233,747
1,033,064
842,863
613,463
Total Shareholders' Equity
1,221,417
1,233,747
1,033,064
842,863
613,463
Total Liabilities and Shareholders' Equity
4,884,358
4,389,428
4,245,460
3,695,680
4,809,014
FY 2026
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
269,741
227,127
206,766
140,822
90,777
Depreciation & Amortization
111,797
99,636
76,426
60,866
50,218
Share-Based Compensation Expense
138,657
142,820
146,032
147,300
96,202
Other Adjustments
84,704
(2,806)
24,060
11,055
(5,985)
Changes in Trade Receivables
(7,929)
(3,557)
(8,186)
(9,407)
(7,605)
Changes in Accounts Payable
(6,472)
7,287
2,423
(1,554)
2,553
Changes in Accrued Expenses
1,892
18,460
13,315
18,416
16,923
Changes in Other Operating Activities
(59,138)
(70,741)
(76,166)
(84,775)
(88,030)
Cash from Operating Activities
533,252
418,226
384,670
282,723
155,053
Capital Expenditure
(36,152)
(13,073)
(18,028)
(21,910)
(18,069)
Purchases of Intangible Assets
(69,302)
(62,402)
(60,726)
(45,004)
(34,515)
Purchases of Investments
(271,378)
(260,997)
(304,465)
(598,895)
(433,962)
Proceeds from Sale of Investments
272,115
160,067
294,438
446,751
116,848
Payments for Business Acquisitions
(49,183)
(277,851)
(12,031)
—
(107,576)
Other Investing Activities
(893)
(1,292)
(1,079)
(1,104)
(2,500)
Cash from Investing Activities
(154,793)
(455,548)
(101,891)
(220,162)
(479,774)
Issuance of Long-Term Debt
—
325,000
—
—
50,000
Repayments of Long-Term Debt
(81,250)
(162,500)
—
—
(50,000)
Net Issuance / (Repayments) of Long-Term Debt
(81,250)
162,500
—
—
0
Issuance of Common Shares
18,222
19,682
19,143
16,916
14,103
Repurchases of Common Shares
(441,799)
(209,672)
(202,549)
(88,312)
(69,761)
Net Issuance / (Repurchases) of Common Shares
(423,577)
(189,990)
(183,406)
(71,396)
(55,658)
Other Financing Activities
470,122
(358,365)
272,435
(1,451,618)
2,158,190
Cash from Financing Activities
8,981
(325,821)
141,578
(1,434,702)
2,172,293
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash