Financials

Paylocity Holding Corporation financials

PCTY Software

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.

Snapshot

Paylocity Holding Corporation reported $1.60B in revenue in fiscal 2025, up 13.7% year over year, with an operating margin of 19.1%.

Revenue (FY2025): $1.60B
YoY growth: +13.7%
Operating margin: 19.1%
Direction: Expanding

Financial statements

In thousands, USD · annual

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	1,595,220	1,402,520	1,174,600	852,651
Cost of Sales	498,223	441,729	367,039	287,002
Gross Profit	1,097,000	960,786	807,559	565,649
Selling, General & Administrative Expenses	587,123	522,360	488,539	378,147
Research & Development Expenses	205,851	178,333	163,994	102,908
Operating Profit	304,024	260,093	155,026	84,594
Non-Operating Income	5,039	16,922	3,588	(997)
Total Non-Operating Income	5,039	16,922	3,588	(997)
Income Before Provision for Income Taxes	309,063	277,015	158,614	83,597
Provision for Income Taxes	81,936	70,249	17,792	(7,180)
Consolidated Net Income	227,127	206,766	140,822	90,777
Net Income Attributable to Common Shareholders	227,127	206,766	140,822	90,777
Basic EPS	4.08	3.68	2.53	1.65
Diluted EPS	4.02	3.63	2.49	1.61
Basic Weighted Average Shares Outstanding	55,649	56,214	55,706	55,036
Diluted Weighted Average Shares Outstanding	56,550	56,976	56,596	56,445
Shares Outstanding	55,366	55,514	55,912	55,190

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	398,070	401,811	288,767	139,756
Total Cash and Cash Equivalents	398,070	401,811	288,767	139,756
Accounts Receivable	41,642	32,997	25,085	15,754
Total Trade Receivables	41,642	32,997	25,085	15,754
Other Current Assets	2,872,260	3,089,680	2,734,590	4,076,170
Total Current Assets	3,311,970	3,524,490	3,048,440	4,231,680
Net Property, Plant & Equipment	90,207	94,432	108,136	112,049
Net Intangible Assets	224,988	144,703	120,654	107,460
Goodwill	343,100	108,937	102,054	101,949
Other Long-Term Assets	419,164	372,896	316,399	255,873
Total Assets	4,389,430	4,245,460	3,695,680	4,809,010
Accounts Payable	17,347	8,638	6,153	8,374
Accrued Expenses	193,081	158,311	143,287	124,384
Other Current Liabilities	2,694,840	2,950,410	2,625,360	3,987,780
Total Current Liabilities	2,905,270	3,117,360	2,774,800	4,120,530
Long-Term Debt	162,500	—	—	—
Leases	46,772	46,814	62,471	69,119
Other Long-Term Liabilities	41,139	48,222	15,551	5,898
Total Long-Term Liabilities	250,411	95,036	78,022	75,017
Total Liabilities	3,155,680	3,212,400	2,852,820	4,195,550
Common Stock	55	56	56	55
Additional Paid-in Capital	327,518	360,488	380,632	289,843
Accumulated Other Comprehensive Income	5,591	(936)	(4,515)	(2,303)
Retained Earnings	900,583	673,456	466,690	325,868
Total Common Shareholders' Equity	1,233,750	1,033,060	842,863	613,463
Total Shareholders' Equity	1,233,750	1,033,060	842,863	613,463
Total Liabilities and Shareholders' Equity	4,389,430	4,245,460	3,695,680	4,809,010

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	227,127	206,766	140,822	90,777
Depreciation & Amortization	99,636	76,426	60,866	50,218
Share-Based Compensation Expense	142,820	146,032	147,300	96,202
Other Adjustments	(2,806)	24,060	11,055	(5,985)
Changes in Trade Receivables	(3,557)	(8,186)	(9,407)	(7,605)
Changes in Accounts Payable	7,287	2,423	(1,554)	2,553
Changes in Accrued Expenses	18,460	13,315	18,416	16,923
Changes in Other Operating Activities	(70,741)	(76,166)	(84,775)	(88,030)
Cash from Operating Activities	418,226	384,670	282,723	155,053
Capital Expenditure	(13,073)	(18,028)	(21,910)	(18,069)
Purchases of Intangible Assets	(62,402)	(60,726)	(45,004)	(34,515)
Purchases of Investments	(260,997)	(304,465)	(598,895)	(433,962)
Proceeds from Sale of Investments	160,067	294,438	446,751	116,848
Payments for Business Acquisitions	(277,851)	(12,031)	—	(107,576)
Other Investing Activities	(1,292)	(1,079)	(1,104)	(2,500)
Cash from Investing Activities	(455,548)	(101,891)	(220,162)	(479,774)
Issuance of Long-Term Debt	325,000	—	—	50,000
Repayments of Long-Term Debt	(162,500)	—	—	(50,000)
Net Issuance / (Repayments) of Long-Term Debt	162,500	—	—	0
Issuance of Common Shares	19,682	19,143	16,916	14,103
Repurchases of Common Shares	(209,672)	(202,549)	(88,312)	(69,761)
Net Issuance / (Repurchases) of Common Shares	(189,990)	(183,406)	(71,396)	(55,658)
Other Financing Activities	(358,365)	272,435	(1,451,620)	2,158,190
Cash from Financing Activities	(325,821)	141,578	(1,434,700)	2,172,290
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	(363,143)	424,357	(1,372,140)	1,847,570

Quarterly trend

last 8 quarters

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q3 2026	$502M	+10.5%	31.3%	$157M
Q2 2026	$416M	+10.4%	16.9%	$70M
Q1 2026	$408M	+12.5%	18.2%	$74M
Q4 2025	$401M	+12.2%	16.5%	$66M
Q3 2025	$455M	—	27.9%	$127M
Q2 2025	$377M	—	12.4%	$47M
Q1 2025	$363M	—	17.7%	$64M
Q4 2024	$357M	—	17.6%	$63M

Revenue by quarter$M

$357M

Q4 '24

$363M

Q1 '25

$377M

Q2 '25

$455M

Q3 '25

$401M

Q4 '25

$408M

Q1 '26

$416M

Q2 '26

$502M

Q3 '26

68.8%

Gross margin

19.1%

Operating margin

14.2%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-12

Snapshot

Financial statements

Quarterly trend

More on Paylocity Holding Corporation

See how VectorShift works for your firm