
Paylocity Holding Corporation
NASDAQ•PCTY
CEO: Mr. Steven R. Beauchamp
Sector: Technology
Industry: Software - Application
Listing Date: 2014-03-19
Paylocity Holding Corporation engages in the provision of cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers payroll software solution for global payroll, expense management, tax services, on demand payment, and garnishment managed services; and time and labor management software for time and attendance, scheduling, and time collection. It also provides human resources (HR) software solutions for employee self-service, compliance, HR edge, data analytics, and workflows and documents, as well as human resource management system; talent management system for recruiting, onboarding, performance, compensation, and learning; and benefits administration software. In addition, the company offers employee experience platform for community, employee voice, recognition and rewards, video, and modern workforce index; HR reporting software; and mobile HR solutions. Further, it provides implementation and training, client, and tax and regulatory services. The company serves for-profit and non-profit organizations across industries, including business services, financial services, healthcare, manufacturing, restaurants, retail, technology, and others. It sells its products through sales representatives. The company was founded in 1997 and is headquartered in Schaumburg, Illinois.
Contact Information
Market Cap
$8.29B
P/E (TTM)
36.4
75.2
Dividend Yield
--
52W High
$223.80
52W Low
$135.46
52W Range
Rank16Top 3.7%
6.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$408.17M+28.52%
4-Quarter Trend
EPS
$0.87-2.25%
4-Quarter Trend
FCF
$82.66M-7.26%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Total Revenue Growth Strong Total revenues reached $408.2M, marking a strong 14% increase versus prior period, driven by sales team performance.
Operating Income Increased Operating income grew 15.7% to $74.2M, showing improved operational leverage compared to the prior year period.
Gross Margin Expansion Noted Gross margin improved to 69%, up 1 point from 68%, reflecting better cost management relative to revenue growth.
Share Repurchase Activity Repurchased 1.2M shares for approximately $200.0M during the quarter under the active repurchase program.
Risk Factors
Net Income Declined Slightly Net income decreased 3.2% to $48.0M, despite revenue growth, due to overall higher operating expenses incurred.
Effective Tax Rate Increased Effective tax rate rose sharply to 35.9% from 28.0%, primarily due to stock-based compensation shortfalls realized.
Ongoing Litigation Exposure Company continues vigorous defense against Illinois Biometric Information Privacy Act class action appeal filed in May 2025.
Capital Expenditure Dependency Future capital needs depend on sales growth; management may curtail projects to mitigate cash use impact if expectations miss.
Outlook
Liquidity Position Secured Cash position $165.2M; revolving credit facility provides $550.0M capacity to fund ongoing requirements for 12 months.
Strategic Investment Focus Plan continued investment in R&D and sales expansion to broaden product offerings and extend technological leadership.
New Tax Law Impacts New tax law impacts deferred assets starting fiscal 2026; valuation allowance established for state tax attributes as of September 30, 2025.
Future Share Repurchase Plan Approximately $500.4M remains authorized for common stock repurchases under the Board approved Repurchase Program.
Peer Comparison
Revenue (TTM)
LYFT$6.27B
MTCH$3.47B
NICE$2.88B
Gross Margin (Latest Quarter)
IDCC82.0%
MTCH73.0%
PEGA72.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PEGA | $9.98B | 35.8 | 46.0% | 5.9% |
| PCTY | $8.29B | 36.4 | 19.1% | 3.0% |
| IDCC | $8.03B | 16.2 | 49.9% | 22.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.7%
Moderate Growth
4Q Net Income CAGR
8.6%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 5, 2026
EPS:$1.57
|Revenue:-
Reports
All Years
Form 10-Q - Q1 2026
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $408.17M+28.5%|EPS: $0.87-2.2%MissForm 10-K - FY 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $1.60B+13.7%|EPS: $4.08+10.9%BeatForm 10-Q - Q3 2025
Period End: Mar 31, 2025|Filed: May 2, 2025|Revenue: $454.55M+13.3%|EPS: $1.64+8.6%MissForm 10-Q - Q2 2025
Period End: Dec 31, 2024|Filed: Feb 7, 2025|Revenue: $376.98M+15.5%|EPS: $0.67-1.5%MissForm 10-Q - Q1 2025
Period End: Sep 30, 2024|Filed: Oct 31, 2024|Revenue: $317.59M-12.5%|EPS: $0.89+43.5%MissForm 10-K - FY 2024
Period End: Jun 30, 2024|Filed: Aug 2, 2024|Revenue: $1.40B+19.4%|EPS: $3.68+45.5%BeatForm 10-Q - Q3 2024
Period End: Mar 31, 2024|Filed: May 3, 2024|Revenue: $401.28M+18.1%|EPS: $1.51+46.6%MissForm 10-Q - Q2 2024
Period End: Dec 31, 2023|Filed: Feb 9, 2024|Revenue: $326.36M+19.5%|EPS: $0.68+142.9%Miss