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Paylocity Holdin Financials

PCTY
Source SEC Filings (10-K/10-Q) Updated Feb 6, 2026 Currency USD FYE June

This page shows Paylocity Holdin (PCTY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 77 / 100
Financial Profile 77/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
95

Paylocity Holdin has an operating margin of 19.1%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 95/100, reflecting efficient cost management and pricing power. This is up from 18.5% the prior year.

Growth
68

Paylocity Holdin's revenue grew 13.7% year-over-year to $1.6B, a solid pace of expansion. This earns a growth score of 68/100.

Leverage
100

Paylocity Holdin carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
26

Paylocity Holdin's current ratio of 1.14 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 26/100, which could limit financial flexibility.

Cash Flow
100

Paylocity Holdin converts 25.4% of revenue into free cash flow ($405.2M). This strong cash generation earns a score of 100/100.

Returns
74

Paylocity Holdin earns a strong 18.4% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is down from 20.0% the prior year.

Altman Z-Score Grey Zone
2.10

Paylocity Holdin scores 2.10, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($5.8B) relative to total liabilities ($3.2B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
8/9

Paylocity Holdin passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.84x

For every $1 of reported earnings, Paylocity Holdin generates $1.84 in operating cash flow ($418.2M OCF vs $227.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue
$1.6B
YoY+13.7%
5Y CAGR+23.2%
10Y CAGR+26.4%

Paylocity Holdin generated $1.6B in revenue in fiscal year 2025. This represents an increase of 13.7% from the prior year.

EBITDA
$403.7M
YoY+20.0%
5Y CAGR+31.1%

Paylocity Holdin's EBITDA was $403.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.0% from the prior year.

Free Cash Flow
$405.2M
YoY+10.5%
5Y CAGR+33.4%
10Y CAGR+69.4%

Paylocity Holdin generated $405.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 10.5% from the prior year.

Net Income
$227.1M
YoY+9.8%
5Y CAGR+28.6%

Paylocity Holdin reported $227.1M in net income in fiscal year 2025. This represents an increase of 9.8% from the prior year.

EPS (Diluted)
$4.02
YoY+10.7%
5Y CAGR+28.4%

Paylocity Holdin earned $4.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.7% from the prior year.

Cash & Debt
$398.1M
YoY-0.9%
5Y CAGR+9.7%
10Y CAGR+17.2%

Paylocity Holdin held $398.1M in cash against $162.5M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
55M
YoY-0.7%
5Y CAGR+0.5%
10Y CAGR+0.8%

Paylocity Holdin had 55M shares outstanding in fiscal year 2025. This represents a decrease of 0.7% from the prior year.

Gross Margin
68.8%
YoY+0.3pp
5Y CAGR+1.2pp
10Y CAGR+15.2pp

Paylocity Holdin's gross margin was 68.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin
19.1%
YoY+0.5pp
5Y CAGR+7.3pp
10Y CAGR+28.2pp

Paylocity Holdin's operating margin was 19.1% in fiscal year 2025, reflecting core business profitability. This is up 0.5 percentage points from the prior year.

Net Margin
14.2%
YoY-0.5pp
5Y CAGR+2.8pp
10Y CAGR+23.4pp

Paylocity Holdin's net profit margin was 14.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.5 percentage points from the prior year.

Return on Equity
18.4%
YoY-1.6pp
5Y CAGR+2.0pp

Paylocity Holdin's ROE was 18.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the prior year.

R&D Spending
$205.9M
YoY+15.4%
5Y CAGR+26.8%
10Y CAGR+26.3%

Paylocity Holdin invested $205.9M in research and development in fiscal year 2025. This represents an increase of 15.4% from the prior year.

Share Buybacks
$149.6M
YoY-0.2%

Paylocity Holdin spent $149.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 0.2% from the prior year.

Capital Expenditures
$13.1M
YoY-27.5%
5Y CAGR-4.6%
10Y CAGR+3.8%

Paylocity Holdin invested $13.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 27.5% from the prior year.

PCTY Income Statement

Metric Q2'26 Q2'25 Q1'25 Q3'25 Q2'24 Q1'24 Q3'24 Q2'23
Revenue $377K-99.9% $416.1M+2.0% $408.2M-10.2% $454.5M+20.6% $377.0M+3.9% $363.0M-9.6% $401.3M+23.0% $326.4M
Cost of Revenue $125K-99.9% $134.0M+4.4% $128.4M-1.1% $129.9M+4.3% $124.5M+8.3% $115.0M-0.9% $116.0M+8.0% $107.4M
Gross Profit $252K-99.9% $282.1M+0.8% $279.8M-13.8% $324.7M+28.6% $252.4M+1.8% $248.0M-13.1% $285.3M+30.3% $219.0M
R&D Expenses $56K-99.9% $57.7M+3.8% $55.6M+8.2% $51.4M-8.5% $56.2M+18.8% $47.3M+8.9% $43.4M-6.0% $46.1M
SG&A Expenses $57K-99.9% $55.9M+4.4% $53.6M-1.6% $54.5M-3.6% $56.5M+17.4% $48.2M-1.4% $48.9M+12.7% $43.3M
Operating Income $47K-99.9% $70.4M-5.2% $74.2M-41.6% $127.0M+172.5% $46.6M-27.3% $64.1M-39.7% $106.3M+113.8% $49.7M
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $9K-100.0% $20.0M-25.8% $26.9M-23.3% $35.1M+275.1% $9.4M-51.6% $19.3M-23.7% $25.3M+64.4% $15.4M
Net Income $37K-99.9% $50.2M+4.6% $48.0M-47.5% $91.5M+144.2% $37.5M-24.4% $49.6M-41.9% $85.3M+123.8% $38.1M
EPS (Diluted) $0.66-28.3% $0.92+7.0% $0.86-46.6% $1.61+143.9% $0.66-25.0% $0.88-41.3% $1.50+123.9% $0.67

PCTY Balance Sheet

Metric Q2'26 Q2'25 Q1'25 Q3'25 Q2'24 Q1'24 Q3'24 Q2'23
Total Assets $4.4M-99.9% $7.0B+64.6% $4.2B-18.0% $5.2B-2.4% $5.3B+31.5% $4.0B-18.7% $5.0B+10.2% $4.5B
Current Assets $3.3M-99.9% $5.9B+86.3% $3.2B-22.9% $4.1B-3.2% $4.2B+28.5% $3.3B-22.4% $4.2B+11.6% $3.8B
Cash & Equivalents $398K-99.8% $162.5M-1.6% $165.2M-65.4% $477.8M-0.9% $482.4M-38.0% $778.5M+58.0% $492.7M+34.3% $366.9M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $42K-99.9% $44.0M+5.5% $41.7M-4.4% $43.6M+0.4% $43.5M+26.7% $34.3M+1.8% $33.7M+3.8% $32.5M
Goodwill $343K-99.9% $343.2M0.0% $343.2M+0.1% $342.8M0.0% $342.9M+215.0% $108.9M+0.3% $108.5M-0.9% $109.6M
Total Liabilities $3.2M-99.9% $5.9B+87.5% $3.1B-20.9% $4.0B-3.9% $4.1B+41.2% $2.9B-24.3% $3.9B+9.9% $3.5B
Current Liabilities $2.9M-99.9% $5.7B+92.8% $2.9B-18.7% $3.6B-2.2% $3.7B+48.2% $2.5B-33.6% $3.8B+10.0% $3.4B
Long-Term Debt $163K-99.8% $81.3M0.0% $81.3M-66.7% $243.8M-25.0% $325.0M0.0% $325.0M N/A N/A
Total Equity $1.2M-99.9% $1.1B-0.5% $1.1B-8.7% $1.2B+3.1% $1.2B+6.0% $1.1B+0.6% $1.1B+11.4% $986.8M
Retained Earnings $901K-99.9% $998.8M+5.3% $948.6M+11.3% $852.0M+12.0% $760.5M+5.2% $723.0M+15.8% $624.6M+15.8% $539.3M

PCTY Cash Flow Statement

Metric Q2'26 Q2'25 Q1'25 Q3'25 Q2'24 Q1'24 Q3'24 Q2'23
Operating Cash Flow $146K-99.9% $117.0M+35.3% $86.5M-53.5% $186.0M+243.2% $54.2M-40.7% $91.5M-45.4% $167.5M+123.2% $75.1M
Capital Expenditures $5K-99.8% $3.4M-11.4% $3.8M+64.3% $2.3M-22.6% $3.0M+28.2% $2.3M-58.1% $5.6M+106.8% $2.7M
Free Cash Flow $140K-99.9% $113.6M+37.5% $82.7M-55.0% $183.7M+258.7% $51.2M-42.5% $89.1M-45.0% $162.0M+123.8% $72.4M
Investing Cash Flow $301K+103.1% -$9.8M+44.6% -$17.7M+35.8% -$27.6M+90.4% -$287.6M-2058.1% -$13.3M+6.3% -$14.2M+73.1% -$52.8M
Financing Cash Flow $836K-100.0% $2.6B+1246.5% -$229.7M+21.3% -$292.0M-125.3% $1.2B+462.5% -$318.3M-207.0% $297.6M-60.4% $752.3M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $8K-100.0% $100.0M-50.0% $200.0M+141.9% $82.7M+884.9% $8.4M $0 $0 N/A

PCTY Financial Ratios

Metric Q2'26 Q2'25 Q1'25 Q3'25 Q2'24 Q1'24 Q3'24 Q2'23
Gross Margin 67.0%-0.8pp 67.8%-0.7pp 68.5%-2.9pp 71.4%+4.5pp 67.0%-1.4pp 68.3%-2.8pp 71.1%+4.0pp 67.1%
Operating Margin 12.4%-4.5pp 16.9%-1.3pp 18.2%-9.8pp 28.0%+15.6pp 12.4%-5.3pp 17.7%-8.8pp 26.5%+11.3pp 15.2%
Net Margin 9.9%-2.1pp 12.1%+0.3pp 11.8%-8.4pp 20.1%+10.2pp 9.9%-3.7pp 13.7%-7.6pp 21.3%+9.6pp 11.7%
Return on Equity 3.0%-1.5pp 4.6%+0.2pp 4.3%-3.2pp 7.6%+4.4pp 3.2%-1.3pp 4.5%-3.3pp 7.8%+3.9pp 3.9%
Return on Assets 0.9%+0.1pp 0.7%-0.4pp 1.1%-0.6pp 1.8%+1.1pp 0.7%-0.5pp 1.2%-0.5pp 1.7%+0.9pp 0.9%
Current Ratio 1.14+0.1 1.04-0.0 1.07-0.1 1.13-0.0 1.14-0.2 1.32+0.2 1.13+0.0 1.11
Debt-to-Equity 0.13+0.1 0.070.0 0.07-0.1 0.20-0.1 0.28-0.0 0.29-3.2 3.51-0.0 3.55
FCF Margin 37.2%+9.9pp 27.3%+7.1pp 20.3%-20.2pp 40.4%+26.8pp 13.6%-11.0pp 24.6%-15.8pp 40.4%+18.2pp 22.2%

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Frequently Asked Questions

What is Paylocity Holdin's annual revenue?

Paylocity Holdin (PCTY) reported $1.6B in total revenue for fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Paylocity Holdin's revenue growing?

Paylocity Holdin (PCTY) revenue grew by 13.7% year-over-year, from $1.4B to $1.6B in fiscal year 2025.

Is Paylocity Holdin profitable?

Yes, Paylocity Holdin (PCTY) reported a net income of $227.1M in fiscal year 2025, with a net profit margin of 14.2%.

What is Paylocity Holdin's earnings per share (EPS)?

Paylocity Holdin (PCTY) reported diluted earnings per share of $4.02 for fiscal year 2025. This represents a 10.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Paylocity Holdin's EBITDA?

Paylocity Holdin (PCTY) had EBITDA of $403.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Paylocity Holdin have?

As of fiscal year 2025, Paylocity Holdin (PCTY) had $398.1M in cash and equivalents against $162.5M in long-term debt.

What is Paylocity Holdin's gross margin?

Paylocity Holdin (PCTY) had a gross margin of 68.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Paylocity Holdin's operating margin?

Paylocity Holdin (PCTY) had an operating margin of 19.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Paylocity Holdin's net profit margin?

Paylocity Holdin (PCTY) had a net profit margin of 14.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Paylocity Holdin's return on equity (ROE)?

Paylocity Holdin (PCTY) has a return on equity of 18.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Paylocity Holdin's free cash flow?

Paylocity Holdin (PCTY) generated $405.2M in free cash flow during fiscal year 2025. This represents a 10.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Paylocity Holdin's operating cash flow?

Paylocity Holdin (PCTY) generated $418.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Paylocity Holdin's total assets?

Paylocity Holdin (PCTY) had $4.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Paylocity Holdin's capital expenditures?

Paylocity Holdin (PCTY) invested $13.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Paylocity Holdin spend on research and development?

Paylocity Holdin (PCTY) invested $205.9M in research and development during fiscal year 2025.

Does Paylocity Holdin buy back shares?

Yes, Paylocity Holdin (PCTY) spent $149.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Paylocity Holdin have outstanding?

Paylocity Holdin (PCTY) had 55M shares outstanding as of fiscal year 2025.

What is Paylocity Holdin's current ratio?

Paylocity Holdin (PCTY) had a current ratio of 1.14 as of fiscal year 2025, which is considered adequate.

What is Paylocity Holdin's debt-to-equity ratio?

Paylocity Holdin (PCTY) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Paylocity Holdin's return on assets (ROA)?

Paylocity Holdin (PCTY) had a return on assets of 5.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Paylocity Holdin's Altman Z-Score?

Paylocity Holdin (PCTY) has an Altman Z-Score of 2.10, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Paylocity Holdin's Piotroski F-Score?

Paylocity Holdin (PCTY) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Paylocity Holdin's earnings high quality?

Paylocity Holdin (PCTY) has an earnings quality ratio of 1.84x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Paylocity Holdin?

Paylocity Holdin (PCTY) scores 77 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.