PCTY
Paylocity Holding Corporation149.71
+1.21+0.82%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Key Stats
Market Cap
8.26BP/E (TTM)
37.43Basic EPS (TTM)
4.00Dividend Yield
0%Recent Filings
8-K
Stockholders approve equity plan boost
Paylocity stockholders approved the Amended and Restated 2023 Equity Incentive Plan at the December 4, 2025 annual meeting, adding 444,000 shares while removing liberal recycling for options and SARs. All nine directors were elected; KPMG ratified as auditors; exec comp approved. Bolsters talent retention amid dilution watch.
8-K
Q1 revenue up 12%
Paylocity kicked off fiscal 2026 with Q1 total revenue of $408.2 million, up 12% year-over-year, and recurring revenue of $378.9 million, up 14%. Adjusted EBITDA hit $146.4 million while repurchasing $200 million in shares. They raised long-term targets to $3B revenue and 40-45% Adjusted EBITDA margins. Strong profitability persists.
10-K
FY2025 results
Paylocity Holding Corporation delivered solid FY2025 results, with total revenues climbing 14% year-over-year to $1,595.2 million, fueled by recurring revenue growth of 15% to $1,471.8 million and client count expansion to 41,650, up 7% from FY2024. While quarterly breakdowns aren't detailed, the full-year momentum reflects steady sales performance and revenue retention above 92%, though interest income on client funds dipped 2% to $123.4 million amid lower rates. Operating income rose to $304.0 million, with Adjusted EBITDA hitting $583.0 million, underscoring margin stability at 69%. Liquidity remains robust at $398.1 million in cash, bolstered by $418.2 million in operating cash flow, while the company repurchased $149.6 million in shares under its program. Yet quarterly fluctuations from seasonal client additions and economic pressures could temper momentum. A key risk: evolving data privacy regulations like GDPR and CCPA may hike compliance costs and disrupt operations.
8-K
Paylocity's FY25 revenue surges 14%
Paylocity reported fiscal 2025 results with total revenue of $1.595 billion, up 14% year-over-year, driven by 15% growth in recurring revenue to $1.472 billion and a 7% client base expansion. The company repurchased 800,000 shares for $150 million while boosting its share repurchase authorization by $500 million, signaling confidence amid strong profitability. Paylocity for Finance launched, unifying HR and finance workflows. Guidance projects 8-9% revenue growth for fiscal 2026. Yet, economic conditions pose risks to client retention.
10-Q
Q3 FY2025 results
Paylocity's Q3 FY2025 revenue climbed 13% year-over-year to $454.5M, fueled by recurring fees up 15% to $421.1M from strong sales execution, while interest income dipped 3% to $33.5M on lower rates. Gross margin held steady at 71%, but operating income rose 19% to $127.0M as sales and marketing eased to 20% of revenue; diluted EPS grew 7% to $1.61 on 56.8M shares. The Airbase acquisition closed October 1, 2024, for $320.2M cash (funded by $325.0M borrowings), adding $233.9M goodwill and $75.2M proprietary technology (6.6-year life). Cash hit $477.8M with $306.3M revolver availability, offset by $243.8M debt at SOFR plus 0.875%-1.500%; free cash flow not disclosed in the 10-Q. Ongoing Illinois Biometric Information Privacy Act litigation poses a regulatory risk.
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