Paylocity Holding Corporation

141.43-7.87 (-5.27%)

Oct 29, 4:00:00 PM EDT · NasdaqGS · PCTY · USD

Upcoming Earnings

Report date

Nov 4, 2025 (in 5 days)

Key Stats

Market Cap

7.69B

P/E (TTM)

35.18

Basic EPS (TTM)

4.02

Dividend Yield

Recent Filings

10-K

FY2025 results

8/6/25Aug 6, 2025

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%

8/5/25Aug 5, 2025

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

5/2/25May 2, 2025

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.

8-K

Paylocity Q3 revenue surges 13%

5/1/25May 1, 2025

Paylocity reported Q3 fiscal 2025 results on May 1, with recurring revenue hitting $421.1 million, up 15% year-over-year, and total revenue at $454.5 million, up 13%. GAAP operating income rose to $127.0 million from $106.3 million last year, fueled by strong channel referrals exceeding 25% of new business. The company raised full-year guidance to $1.580-$1.585 billion in total revenue, signaling sustained momentum. Yet debt lingers at $243.8 million from the October 2024 Airbase acquisition.

10-Q

Q2 FY2025 results

2/7/25Feb 7, 2025

Paylocity's Q2 FY2025 revenues climbed 16% y/y to $377.0M, with recurring fees up 17% y/y to $331.9M, while gross margin held steady at 67%. Operating income dipped 6% y/y to $46.6M amid higher sales and R&D investments, yet net income edged down 2% y/y to $37.5M, or $0.66 diluted EPS—reconciling cleanly with 56,740 weighted shares. The Airbase acquisition closed October 1, 2024, for $320.4M cash (funded by $325.0M revolver draw), adding $234.1M goodwill and $75.2M proprietary technology (6.6-year life). Cash swelled to $482.4M, with $225.0M revolver availability; operating cash flow rose 6% y/y to $145.7M (FCF not disclosed). Acquisitions fuel growth. Competition from larger HCM players lingers.

About

Paylocity Holding Corporation provides cloud-based human capital management, payroll software, and spend management solutions for the workforce in the United States. The company offers payroll solutions comprising payroll and tax services, global payroll, on-demand payment, and garnishments; human resources (HR) solutions consisting of human resources, employee self-service, workflows and documents, HR compliance dashboard, and HR edge; time and attendance, scheduling, and time collection; time and labor solutions, including time and attendance, scheduling, and time collection; and talent solutions, such as recruiting, onboarding, market pay, learning, performance, and compensation. It also provides benefits solutions comprising benefit enrollment and updates, and third-party administrative solutions; employee experiences consisting of community, video, employee voice, recognition and rewards, modern workforce index, data insights, and reporting; and Paylocity for finance solutions, such as headcount planning, expense management, accounts payable automation, corporate cards, and guided procurement. In addition, the company offers implementation and training, client services, and tax and regulatory services. It serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. The company also sells its products through sales representatives. Paylocity Holding Corporation was founded in 1997 and is headquartered in Schaumburg, Illinois.

CEO

Mr. Steven R. Beauchamp

IPO

3/19/2014

Website

https://www.paylocity.com

Employees

6,700

Sector

Technology

Industry

Software - Application