NASDAQ : PCTY
Paylocity Holding Corporation — Financial statements
Technology · Software - Application · United States
Last price 168.4 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 8.93B
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Financial statements
Paylocity Holding Corporation (PCTY) reported revenue of 1.77B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.65B | 1.65B | 1.47B | 1.28B | 1.10B | 847.69M |
| Other Revenue | 119.96M | 119.96M | 123.42M | 120.83M | 76.56M | 4.96M |
| Revenue | 1.77B | 1.77B | 1.60B | 1.40B | 1.17B | 852.65M |
| Cost of Revenue | 544.12M | 544.12M | 495.49M | 439.84M | 365.68M | 285.89M |
| Gross Profit | 1.23B | 1.23B | 1.10B | 962.68M | 808.92M | 566.76M |
| Selling, General & Admin | 618.12M | 618.12M | 587.12M | 522.36M | 488.54M | 378.15M |
| Research & Development | 221.39M | 221.39M | 205.85M | 178.33M | 163.99M | 102.91M |
| Other Operating Expenses | 1.01M | 1.01M | 1.37M | 1.42M | 1.34M | 988.00K |
| Operating Expenses | 840.52M | 840.52M | 794.34M | 702.12M | 653.88M | 482.04M |
| Operating Income | 386.69M | 386.69M | 305.39M | 260.56M | 155.04M | 84.72M |
| Interest Expense | -5.83M | -5.83M | -13.05M | -758.00K | -752.00K | -498.00K |
| Other Non Operating Income (Expenses) | 7.14M | 7.14M | 18.09M | 17.68M | 4.34M | -499.00K |
| EBT Excluding Unusual Items | 388.00M | 388.00M | 310.43M | 277.48M | 158.63M | 83.72M |
| Merger & Restructuring Charges | -121.00K | |||||
| Other Unusual Items | -696.00K | -696.00K | -1.36M | -469.00K | -19.00K | |
| Pretax Income | 387.30M | 387.30M | 309.06M | 277.01M | 158.61M | 83.60M |
| Income Tax Expense | 117.56M | 117.56M | 81.94M | 70.25M | 17.79M | -7.18M |
| Net Income | 269.74M | 269.74M | 227.13M | 206.77M | 140.82M | 90.78M |
| Net Income to Common | 269.74M | 269.74M | 227.13M | 206.77M | 140.82M | 90.78M |
| Shares Outstanding (Basic) | 54.08M | 54.08M | 55.65M | 56.21M | 55.71M | 55.04M |
| Shares Outstanding (Diluted) | 54.77M | 54.77M | 56.55M | 56.98M | 56.60M | 56.45M |
| EPS (Basic) | 4.99 | 4.99 | 4.08 | 3.68 | 2.53 | 1.65 |
| EPS (Diluted) | 4.92 | 4.92 | 4.02 | 3.63 | 2.49 | 1.61 |
| Free Cash Flow | 497.10M | 497.10M | 405.15M | 366.64M | 260.81M | 136.98M |
| Free Cash Flow Per Share | 9.08 | 9.08 | 7.17 | 6.43 | 4.61 | 2.43 |
| Gross Margin | 69.28% | 69.28% | 68.94% | 68.64% | 68.87% | 66.47% |
| Operating Margin | 21.83% | 21.83% | 19.14% | 18.58% | 13.20% | 9.93% |
| Profit Margin | 15.23% | 15.23% | 14.24% | 14.74% | 11.99% | 10.65% |
| Free Cash Flow Margin | 28.06% | 28.06% | 25.40% | 26.14% | 22.20% | 16.07% |
| EBITDA | 427.99M | 427.99M | 345.08M | 291.74M | 184.47M | 109.67M |
| EBITDA Margin | 24.16% | 24.16% | 21.63% | 20.80% | 15.71% | 12.86% |
| D&A For EBITDA | 41.30M | 41.30M | 39.69M | 31.18M | 29.43M | 24.95M |
| EBIT | 386.69M | 386.69M | 305.39M | 260.56M | 155.04M | 84.72M |
| EBIT Margin | 21.83% | 21.83% | 19.14% | 18.58% | 13.20% | 9.93% |
| Effective Tax Rate | 30.35% | 30.35% | 26.51% | 25.36% | 11.22% | |
| Revenue as Reported | 1.77B | 1.77B | 1.60B | 1.40B | 1.17B | 852.65M |
| Advertising Expenses | 21.31M | 21.31M | 19.80M | 22.41M | 15.70M | 8.34M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 271.92M | 271.92M | 398.07M | 401.81M | 288.77M | 139.76M |
| Cash & Short-Term Investments | 271.92M | 271.92M | 398.07M | 401.81M | 288.77M | 139.76M |
| Accounts Receivable | 31.84M | 31.84M | 22.62M | 33.00M | 25.09M | 15.75M |
| Other Receivables | 18.25M | 18.25M | 19.02M | |||
| Receivables | 50.09M | 50.09M | 41.64M | 33.00M | 25.09M | 15.75M |
| Prepaid Expenses | 57.58M | 57.58M | 50.94M | 39.77M | 35.06M | 28.90M |
| Other Current Assets | 3.34B | 3.34B | 2.82B | 3.05B | 2.70B | 4.05B |
| Total Current Assets | 3.72B | 3.72B | 3.31B | 3.52B | 3.05B | 4.23B |
| Property, Plant & Equipment | 104.54M | 104.54M | 90.21M | 94.43M | 108.14M | 112.05M |
| Goodwill | 378.96M | 378.96M | 343.10M | 108.94M | 102.05M | 101.95M |
| Other Intangible Assets | 229.73M | 229.73M | 224.99M | 144.70M | 120.65M | 107.46M |
| Long-Term Deferred Tax Assets | 11.47M | 11.47M | 17.75M | 17.82M | 15.85M | 19.06M |
| Long-Term Deferred Charges | 426.23M | 426.23M | 393.67M | 348.00M | 294.22M | 229.07M |
| Other Long-Term Assets | 10.36M | 10.36M | 7.74M | 7.08M | 6.33M | 7.75M |
| Total Assets | 4.88B | 4.88B | 4.39B | 4.25B | 3.70B | 4.81B |
| Accounts Payable | 10.94M | 10.94M | 17.35M | 8.64M | 6.15M | 8.37M |
| Accrued Expenses | 148.18M | 148.18M | 148.74M | 124.73M | 110.95M | 102.44M |
| Current Portion of Leases | 9.52M | 9.52M | 8.62M | 7.63M | 7.80M | 8.40M |
| Current Unearned Revenue | 42.58M | 42.58M | 35.72M | 25.95M | 24.54M | 13.55M |
| Other Current Liabilities | 3.21B | 3.21B | 2.69B | 2.95B | 2.63B | 3.99B |
| Total Current Liabilities | 3.42B | 3.42B | 2.91B | 3.12B | 2.77B | 4.12B |
| Long-Term Debt | 81.25M | 81.25M | 162.50M | |||
| Long-Term Leases | 42.20M | 42.20M | 46.77M | 46.81M | 62.47M | 69.12M |
| Long-Term Deferred Tax Liabilities | 106.32M | 106.32M | 32.56M | 41.82M | 11.82M | 2.22M |
| Other Long-Term Liabilities | 12.93M | 12.93M | 8.58M | 6.40M | 3.73M | 3.68M |
| Total Liabilities | 3.66B | 3.66B | 3.16B | 3.21B | 2.85B | 4.20B |
| Common Stock | 53.00K | 53.00K | 55.00K | 56.00K | 56.00K | 55.00K |
| Additional Paid-In Capital | 52.27M | 52.27M | 327.52M | 360.49M | 380.63M | 289.84M |
| Retained Earnings | 1.17B | 1.17B | 900.58M | 673.46M | 466.69M | 325.87M |
| Comprehensive Income & Other | -1.23M | -1.23M | 5.59M | -936.00K | -4.51M | -2.30M |
| Shareholders' Equity | 1.22B | 1.22B | 1.23B | 1.03B | 842.86M | 613.46M |
| Total Liabilities & Equity | 4.88B | 4.88B | 4.39B | 4.25B | 3.70B | 4.81B |
| Total Debt | 132.97M | 132.97M | 217.89M | 54.45M | 70.27M | 77.52M |
| Net Cash (Debt) | 138.94M | 138.94M | 180.18M | 347.36M | 218.50M | 62.24M |
| Net Cash Per Share | 2.54 | 2.54 | 3.19 | 6.10 | 3.86 | 1.10 |
| Filing Date Shares Outstanding | 53.06M | 53.06M | 55.16M | 55.57M | 55.92M | 55.28M |
| Total Common Shares Outstanding | 53.27M | 53.27M | 55.37M | 55.51M | 55.91M | 55.19M |
| Working Capital | 302.82M | 302.82M | 406.70M | 407.13M | 273.64M | 111.15M |
| Book Value Per Share | 22.93 | 22.93 | 22.28 | 18.61 | 15.07 | 11.12 |
| Tangible Book Value | 612.72M | 612.72M | 665.66M | 779.42M | 620.15M | 404.05M |
| Tangible Book Value Per Share | 11.50 | 11.50 | 12.02 | 14.04 | 11.09 | 7.32 |
| Machinery | 100.82M | 100.82M | 83.47M | 78.99M | 74.14M | 72.65M |
| Leasehold Improvements | 60.98M | 60.98M | 50.75M | 49.39M | 48.16M | 47.52M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 269.74M | 269.74M | 227.13M | 206.77M | 140.82M | 90.78M |
| Depreciation & Amortization | 41.30M | 41.30M | 39.69M | 31.18M | 29.43M | 24.95M |
| Other Amortization | 70.50M | 70.50M | 59.95M | 45.25M | 31.44M | 25.27M |
| Loss (Gain) From Sale of Investments | -1.50M | -1.50M | -2.02M | -4.38M | -5.41M | 381.00K |
| Stock-Based Compensation | 138.66M | 138.66M | 142.82M | 146.03M | 147.30M | 96.20M |
| Provision & Write-off of Bad Debts | 1.91M | 1.91M | 1.38M | 1.56M | 1.25M | 311.00K |
| Other Operating Activities | 84.30M | 84.30M | -2.16M | 26.87M | 15.22M | -6.68M |
| Change in Accounts Receivable | -7.93M | -7.93M | -3.56M | -8.19M | -9.41M | -7.61M |
| Change in Accounts Payable | -6.47M | -6.47M | 7.29M | 2.42M | -1.55M | 2.55M |
| Change in Other Net Operating Assets | -57.25M | -57.25M | -52.28M | -62.85M | -66.36M | -71.11M |
| Operating Cash Flow | 533.25M | 533.25M | 418.23M | 384.67M | 282.72M | 155.05M |
| Capital Expenditures | -36.15M | -36.15M | -13.07M | -18.03M | -21.91M | -18.07M |
| Cash Acquisitions | -49.18M | -49.18M | -277.85M | -12.03M | -107.58M | |
| Sale (Purchase) of Intangibles | -69.30M | -69.30M | -62.40M | -60.73M | -45.00M | -34.52M |
| Investment in Securities | 737.00K | 737.00K | -100.93M | -10.03M | -152.14M | -317.11M |
| Other Investing Activities | -893.00K | -893.00K | -1.29M | -1.08M | -1.10M | -2.50M |
| Investing Cash Flow | -154.79M | -154.79M | -455.55M | -101.89M | -220.16M | -479.77M |
| Short-Term Debt Issued | 50.00M | |||||
| Long-Term Debt Issued | 325.00M | |||||
| Total Debt Issued | 325.00M | 50.00M | ||||
| Short-Term Debt Repaid | -50.00M | |||||
| Long-Term Debt Repaid | -81.25M | -81.25M | -162.50M | |||
| Total Debt Repaid | -81.25M | -81.25M | -162.50M | -50.00M | ||
| Net Debt Issued (Repaid) | -81.25M | -81.25M | 162.50M | |||
| Issuance of Common Stock | 18.22M | 18.22M | 19.68M | 19.14M | 16.92M | 14.10M |
| Repurchase of Common Stock | -441.80M | -441.80M | -209.67M | -202.55M | -88.31M | -69.76M |
| Other Financing Activities | 513.81M | 513.81M | -298.33M | 324.98M | -1.36B | 2.23B |
| Financing Cash Flow | 8.98M | 8.98M | -325.82M | 141.58M | -1.43B | 2.17B |
| Net Cash Flow | 387.44M | 387.44M | -363.14M | 424.36M | -1.37B | 1.85B |
| Free Cash Flow | 497.10M | 497.10M | 405.15M | 366.64M | 260.81M | 136.98M |
| Free Cash Flow Margin | 28.06% | 28.06% | 25.40% | 26.14% | 22.20% | 16.07% |
| Free Cash Flow Per Share | 9.08 | 9.08 | 7.17 | 6.43 | 4.61 | 2.43 |
| Levered Free Cash Flow | 359.87M | 359.87M | 345.40M | 285.80M | 224.80M | 133.35M |
| Unlevered Free Cash Flow | 363.51M | 363.51M | 353.55M | 286.28M | 225.27M | 133.66M |
| Cash Interest Paid | 5.57M | 5.57M | 12.76M | 494.00K | 404.00K | 311.00K |
| Cash Income Tax Paid | 86.10M | 47.62M | 1.36M | 11.00K | ||
| Change in Working Capital | -71.65M | -71.65M | -48.55M | -68.61M | -77.32M | -76.16M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.07B | 5.60B | 10.01B | 7.44B | 10.30B | 9.61B |
| Enterprise Value | 8.93B | 5.43B | 9.83B | 7.00B | 10.14B | 9.60B |
| Last Close Price | 170.91 | 104.53 | 181.19 | 131.85 | 184.53 | 174.42 |
| PE Ratio | 34.74 | 20.75 | 44.06 | 35.98 | 73.14 | 105.92 |
| Forward PE | 19.59 | 12.43 | 26.29 | 20.27 | 34.75 | 58.58 |
| PS Ratio | 5.12 | 3.16 | 6.27 | 5.30 | 8.77 | 11.28 |
| PB Ratio | 7.45 | 4.58 | 8.11 | 7.20 | 12.22 | 15.67 |
| P/TBV Ratio | 14.80 | 9.13 | 15.03 | 9.55 | 16.61 | 23.80 |
| P/FCF Ratio | 18.24 | 11.26 | 24.70 | 20.29 | 39.49 | 70.19 |
| P/OCF Ratio | 17.01 | 10.50 | 23.93 | 19.34 | 36.43 | 62.01 |
| PEG Ratio | 1.61 | 1.99 | 2.60 | 1.46 | 6.31 | 6.31 |
| EV/Sales Ratio | 5.04 | 3.07 | 6.16 | 4.99 | 8.63 | 11.26 |
| EV/EBITDA Ratio | 20.86 | 12.69 | 28.49 | 24.01 | 54.95 | 87.52 |
| EV/EBIT Ratio | 23.09 | 14.05 | 32.19 | 26.88 | 65.38 | 113.30 |
| EV/FCF Ratio | 17.96 | 10.93 | 24.26 | 19.11 | 38.87 | 70.06 |
| Debt / Equity Ratio | 0.11 | 0.11 | 0.18 | 0.05 | 0.08 | 0.13 |
| Debt / EBITDA Ratio | 0.30 | 0.30 | 0.61 | 0.18 | 0.35 | 0.63 |
| Debt / FCF Ratio | 0.27 | 0.27 | 0.54 | 0.15 | 0.27 | 0.57 |
| Net Debt / Equity Ratio | -0.11 | -0.11 | -0.15 | -0.34 | -0.26 | -0.10 |
| Net Debt / EBITDA Ratio | -0.33 | -0.33 | -0.52 | -1.19 | -1.18 | -0.57 |
| Net Debt / FCF Ratio | -0.28 | -0.28 | -0.45 | -0.95 | -0.84 | -0.45 |
| Asset Turnover | 0.38 | 0.38 | 0.37 | 0.35 | 0.28 | 0.24 |
| Quick Ratio | 0.09 | 0.09 | 0.15 | 0.14 | 0.11 | 0.04 |
| Current Ratio | 1.09 | 1.09 | 1.14 | 1.13 | 1.10 | 1.03 |
| Return on Equity (ROE) | 21.97% | 21.97% | 20.04% | 22.04% | 19.34% | 16.65% |
| Return on Assets (ROA) | 5.21% | 5.21% | 4.42% | 4.10% | 2.28% | 1.47% |
| Return on Invested Capital (ROIC) | 25.67% | 25.22% | 25.81% | 29.69% | 23.42% | 18.91% |
| Return on Capital Employed (ROCE) | 26.40% | 26.40% | 20.60% | 23.10% | 16.80% | 12.30% |
| Earnings Yield | 2.88% | 4.82% | 2.27% | 2.78% | 1.37% | 0.94% |
| FCF Yield | 5.48% | 8.88% | 4.05% | 4.93% | 2.53% | 1.43% |
| Buyback Yield / Dilution | 3.15% | 3.15% | 0.75% | -0.67% | -0.27% | -0.25% |