Paylocity Holding Corporation (PCTY) 10-Year Financial Performance & Capital Metrics

PCTY • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

AboutPaylocity Holding Corporation provides cloud-based human capital management and payroll software solutions for workforce in the United States. The company offers Payroll and Tax Services solution to simplifies payroll, automates processes, and manages compliance requirements within one system; and expense management, on demand payment, and garnishment solutions. It also provides human capital management and employee self-service solutions, document library, compliance dashboard, and HR edge; time and attendance solution; schedule tracking services; and time collection devices, including kiosks, time clocks, and mobile and web applications. In addition, the company offers talent management solutions comprising recruiting and onboarding, as well as learning, performance, and compensation management; employee benefits management and third-party administrative solutions; employee experiences solutions, including community, premium video, survey, and peer recognition; and insights and recommendations solutions, such as modern workforce index, data insights, and reporting. 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.Show more

Revenue $1.6B +13.7%
EBITDA $404M +20.0%
Net Income $227M +9.8%
EPS (Diluted) 4.02 +10.7%
Gross Margin 68.77% +0.4%
EBITDA Margin 25.3% +5.5%
Operating Margin 19.06% +2.8%
Net Margin 14.24% -3.4%
ROE 20.04% -9.1%
ROIC 26.22% -12.0%
Debt/Equity 0.18 +235.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.5%
✓Strong 5Y profit CAGR of 28.6%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 21.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.2%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y26.44%

5Y23.23%

3Y23.22%

TTM16.96%

Profit (Net Income) CAGR

10Y-

5Y28.65%

3Y35.76%

TTM9.08%

EPS CAGR

10Y-

5Y28.22%

3Y35.66%

TTM2.05%

ROCE

10Y Avg13.55%

5Y Avg18.39%

3Y Avg22.64%

Latest23.28%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	230.7M	300.01M	377.53M	467.63M	561.33M	635.63M	852.65M	1.17B	1.4B	1.6B
Revenue Growth %	0.51%	0.3%	0.26%	0.24%	0.2%	0.13%	0.34%	0.38%	0.19%	0.14%
Cost of Goods Sold+	98.08M	123.99M	149.2M	153.85M	182.01M	219.3M	287M	367.04M	441.73M	498.22M
COGS % of Revenue	0.43%	0.41%	0.4%	0.33%	0.32%	0.35%	0.34%	0.31%	0.31%	0.31%
Gross Profit+	132.62M	176.02M	228.33M	313.78M	379.32M	416.33M	565.65M	807.56M	960.79M	1.1B
Gross Margin %	0.57%	0.59%	0.6%	0.67%	0.68%	0.65%	0.66%	0.69%	0.69%	0.69%
Gross Profit Growth %	0.62%	0.33%	0.3%	0.37%	0.21%	0.1%	0.36%	0.43%	0.19%	0.14%
Operating Expenses+	136.17M	168.73M	212.38M	257.56M	313.15M	358.29M	481.06M	652.53M	700.69M	792.97M
OpEx % of Revenue	0.59%	0.56%	0.56%	0.55%	0.56%	0.56%	0.56%	0.56%	0.5%	0.5%
Selling, General & Admin	109.43M	139.63M	174.74M	207.23M	250.38M	281.58M	378.15M	488.54M	522.36M	587.12M
SG&A % of Revenue	0.47%	0.47%	0.46%	0.44%	0.45%	0.44%	0.44%	0.42%	0.37%	0.37%
Research & Development	26.74M	29.1M	37.65M	50.33M	62.77M	76.71M	102.91M	163.99M	178.33M	205.85M
R&D % of Revenue	0.12%	0.1%	0.1%	0.11%	0.11%	0.12%	0.12%	0.14%	0.13%	0.13%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-3.55M	7.3M	15.95M	56.22M	66.17M	58.04M	84.59M	155.03M	260.09M	304.02M
Operating Margin %	-0.02%	0.02%	0.04%	0.12%	0.12%	0.09%	0.1%	0.13%	0.19%	0.19%
Operating Income Growth %	0.74%	3.06%	1.19%	2.53%	0.18%	-0.12%	0.46%	0.83%	0.68%	0.17%
EBITDA+	10.32M	28.32M	46.15M	90.79M	104.08M	101.02M	134.81M	215.89M	336.52M	403.66M
EBITDA Margin %	0.04%	0.09%	0.12%	0.19%	0.19%	0.16%	0.16%	0.18%	0.24%	0.25%
EBITDA Growth %	2.94%	1.74%	0.63%	0.97%	0.15%	-0.03%	0.33%	0.6%	0.56%	0.2%
D&A (Non-Cash Add-back)	13.87M	21.03M	30.2M	34.56M	37.91M	42.97M	50.22M	60.87M	76.43M	99.64M
EBIT	-3.55M	7.3M	15.95M	56.22M	66.17M	58.04M	84.59M	155.03M	260.09M	304.02M
Net Interest Income+	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-124K	73K	802K	1.82M	947K	-939K	-997K	3.59M	16.92M	5.04M
Pretax Income+	-3.67M	7.37M	16.75M	58.05M	67.12M	57.1M	83.6M	158.61M	277.01M	309.06M
Pretax Margin %	-0.02%	0.02%	0.04%	0.12%	0.12%	0.09%	0.1%	0.14%	0.2%	0.19%
Income Tax+	177K	651K	-21.85M	4.22M	2.66M	-13.71M	-7.18M	17.79M	70.25M	81.94M
Effective Tax Rate %	1.05%	0.91%	2.3%	0.93%	0.96%	1.24%	1.09%	0.89%	0.75%	0.73%
Net Income+	-3.85M	6.72M	38.6M	53.82M	64.45M	70.82M	90.78M	140.82M	206.77M	227.13M
Net Margin %	-0.02%	0.02%	0.1%	0.12%	0.11%	0.11%	0.11%	0.12%	0.15%	0.14%
Net Income Growth %	0.72%	2.74%	4.75%	0.39%	0.2%	0.1%	0.28%	0.55%	0.47%	0.1%
Net Income (Continuing)	-3.85M	6.72M	38.6M	53.82M	64.45M	70.82M	90.78M	140.82M	206.77M	227.13M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.08	0.12	0.70	0.97	1.16	1.26	1.61	2.49	3.63	4.02
EPS Growth %	0.73%	2.59%	4.83%	0.39%	0.2%	0.09%	0.28%	0.55%	0.46%	0.11%
EPS (Basic)	-0.08	0.13	0.74	1.02	1.20	1.30	1.65	2.53	3.68	4.08
Diluted Shares Outstanding	50.91M	54.06M	54.89M	55.41M	55.81M	56.3M	56.45M	56.6M	56.98M	56.55M
Basic Shares Outstanding	50.91M	51.41M	52.42M	52.91M	53.55M	54.32M	55.04M	55.71M	56.21M	55.65M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	1.34B	1.06B	1.38B	1.6B	1.66B	2.03B	4.23B	3.05B	3.52B	3.31B
Cash & Short-Term Investments	86.5M	103.47M	137.19M	161.79M	285.41M	206.74M	139.76M	288.77M	401.81M	398.07M
Cash Only	86.5M	103.47M	137.19M	132.48M	250.85M	202.29M	139.76M	288.77M	401.81M	398.07M
Short-Term Investments	0	0	0	29.31M	34.56M	4.46M	0	0	0	0
Accounts Receivable	1.68M	2.04M	3.45M	4.36M	4.92M	6.27M	15.75M	25.09M	33M	41.64M
Days Sales Outstanding	2.66	2.48	3.34	3.4	3.2	3.6	6.74	7.79	8.59	9.53
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1.24B	942.46M	1.23B	1.42B	1.36B	1.8B	4.05B	2.73B	3.09B	2.87B
Total Non-Current Assets+	55.48M	74.59M	129.36M	207.75M	322.49M	382M	577.33M	647.24M	720.97M	1.08B
Property, Plant & Equipment	26.79M	40.76M	62.03M	70.06M	115.39M	103.82M	112.05M	108.14M	94.43M	90.21M
Fixed Asset Turnover	8.61x	7.36x	6.09x	6.68x	4.86x	6.12x	7.61x	10.86x	14.85x	17.68x
Goodwill	6M	6M	9.59M	9.59M	21.66M	33.65M	101.95M	102.05M	108.94M	343.1M
Intangible Assets	21.85M	26.3M	34.1M	38.24M	49.86M	58.05M	107.46M	120.65M	144.7M	224.99M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	845K	1.53M	1.5M	83.4M	130.63M	174.89M	236.81M	300.55M	355.08M	401.41M
Total Assets+	1.39B	1.14B	1.51B	1.8B	1.99B	2.41B	4.81B	3.7B	4.25B	4.39B
Asset Turnover	0.17x	0.26x	0.25x	0.26x	0.28x	0.26x	0.18x	0.32x	0.33x	0.36x
Asset Growth %	0.93%	-0.18%	0.33%	0.2%	0.1%	0.22%	0.99%	-0.23%	0.15%	0.03%
Total Current Liabilities+	1.27B	974.81M	1.27B	1.46B	1.41B	1.87B	4.12B	2.77B	3.12B	2.91B
Accounts Payable	1.62M	2.05M	2.99M	3.95M	1.75M	4.23M	8.37M	6.15M	8.64M	17.35M
Days Payables Outstanding	6.03	6.02	7.31	9.38	3.52	7.04	10.65	6.12	7.14	12.71
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	654K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.24B	942.46M	1.23B	1.39B	1.33B	1.76B	3.99B	2.63B	2.95B	2.69B
Current Ratio	1.05x	1.09x	1.08x	1.10x	1.18x	1.09x	1.03x	1.10x	1.13x	1.14x
Quick Ratio	1.05x	1.09x	1.08x	1.10x	1.18x	1.09x	1.03x	1.10x	1.13x	1.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	4.89M	15.02M	23.93M	39.93M	183.8M	70.94M	75.02M	78.02M	95.04M	250.41M
Long-Term Debt	0	0	0	0	100M	0	0	0	0	162.5M
Capital Lease Obligations	0	0	0	0	73.3M	67.2M	69.12M	62.47M	46.81M	46.77M
Deferred Tax Liabilities	249K	401K	0	6.94M	8.75M	1.78M	2.22M	11.82M	41.82M	32.56M
Other Non-Current Liabilities	4.65M	14.62M	23.93M	32.99M	1.75M	1.96M	3.68M	3.73M	6.4M	8.58M
Total Liabilities	1.27B	989.83M	1.29B	1.5B	1.59B	1.94B	4.2B	2.85B	3.21B	3.16B
Total Debt+	0	0	2.14M	1.48M	181.38M	74.75M	77.52M	70.27M	54.45M	217.89M
Net Debt	-86.5M	-103.47M	-135.05M	-130.99M	-69.47M	-127.54M	-62.24M	-218.5M	-347.36M	-180.18M
Debt / Equity	-	-	0.01x	0.00x	0.46x	0.16x	0.13x	0.08x	0.05x	0.18x
Debt / EBITDA	-	-	0.05x	0.02x	1.74x	0.74x	0.58x	0.33x	0.16x	0.54x
Net Debt / EBITDA	-8.38x	-3.65x	-2.93x	-1.44x	-0.67x	-1.26x	-0.46x	-1.01x	-1.03x	-0.45x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	119.57M	147.61M	212.82M	307.96M	392.91M	476.93M	613.46M	842.86M	1.03B	1.23B
Equity Growth %	0.11%	0.23%	0.44%	0.45%	0.28%	0.21%	0.29%	0.37%	0.23%	0.19%
Book Value per Share	2.35	2.73	3.88	5.56	7.04	8.47	10.87	14.89	18.13	21.82
Total Shareholders' Equity	119.57M	147.61M	212.82M	307.96M	392.91M	476.93M	613.46M	842.86M	1.03B	1.23B
Common Stock	51K	52K	53K	53K	54K	55K	55K	56K	56K	55K
Retained Earnings	-51.99M	-45.28M	-6.68M	99.82M	164.27M	235.09M	325.87M	466.69M	673.46M	900.58M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-18.46M	-25.41M	-139K	112K	675K	66K	-2.3M	-4.51M	-936K	5.59M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	32.99M	61.98M	97.87M	115.03M	111.95M	124.85M	155.05M	281.84M	384.67M	418.23M
Operating CF Margin %	0.14%	0.21%	0.26%	0.25%	0.2%	0.2%	0.18%	0.24%	0.27%	0.26%
Operating CF Growth %	1.97%	0.88%	0.58%	0.18%	-0.03%	0.12%	0.24%	0.82%	0.36%	0.09%
Net Income	-3.85M	6.72M	38.6M	53.82M	64.45M	70.82M	90.78M	140.82M	206.77M	227.13M
Depreciation & Amortization	13.87M	21.03M	30.2M	34.56M	37.91M	42.97M	50.22M	60.87M	76.43M	99.64M
Stock-Based Compensation	17.56M	26.73M	30.35M	38.77M	0	63.05M	96.2M	147.3M	146.03M	142.82M
Deferred Taxes	150K	152K	-21.87M	4.13M	2.75M	-13.64M	-7.18M	13.54M	27.84M	-3.21M
Other Non-Cash Items	871K	366K	82K	-1.49M	45.81M	1.47M	1.2M	-2.48M	-3.77M	402K
Working Capital Changes	4.39M	6.98M	20.5M	-14.76M	-38.98M	-39.82M	-76.16M	-77.32M	-68.61M	-48.55M
Change in Receivables	-725K	-472K	-1.49M	-1.19M	-732K	-1.65M	-7.61M	-9.41M	-8.19M	-3.56M
Change in Inventory	-63.95M	4.39M	9.5M	14.01M	17.5M	16.29M	0	14.42M	0	0
Change in Payables	72K	219K	740K	-75K	-806K	2.39M	2.55M	-1.55M	2.42M	7.29M
Cash from Investing+	-673.36M	259.34M	-339.36M	-43.34M	-48.76M	48.42M	-479.77M	-220.16M	-101.89M	-455.55M
Capital Expenditures	-24.47M	-34.98M	-37.31M	-31.42M	-42.29M	-38.05M	-52.58M	-66.91M	-78.75M	-75.47M
CapEx % of Revenue	0.11%	0.12%	0.1%	0.07%	0.08%	0.06%	0.06%	0.06%	0.06%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-648.4M	294.32M	-170.15M	-7.48M	0	0	-2.5M	-1.1M	-1.08M	-1.29M
Cash from Financing+	645.61M	-304.35M	275.22M	114.72M	2.79M	280.54M	2.17B	-1.43B	141.65M	-325.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	642.48M	-308.06M	270.91M	143.65M	-106.11M	368.18M	2.16B	-1.45B	272.51M	-358.37M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	8.52M	27M	60.55M	83.61M	95.38M	86.8M	102.47M	215.81M	366.57M	342.75M
FCF Margin %	0.04%	0.09%	0.16%	0.18%	0.17%	0.14%	0.12%	0.18%	0.26%	0.21%
FCF Growth %	5%	2.17%	1.24%	0.38%	0.14%	-0.09%	0.18%	1.11%	0.7%	-0.06%
FCF per Share	0.17	0.50	1.10	1.51	1.71	1.54	1.82	3.81	6.43	6.06
FCF Conversion (FCF/Net Income)	-8.57x	9.23x	2.54x	2.14x	1.74x	1.76x	1.71x	2.00x	1.86x	1.84x
Interest Paid	0	0	0	0	438K	870K	311K	404K	494K	12.76M
Taxes Paid	3K	28K	0	412K	84K	136K	11K	1.36M	47.62M	86.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-3.39%	5.03%	21.42%	20.67%	18.39%	16.28%	16.65%	19.34%	22.04%	20.04%
Return on Invested Capital (ROIC)	-8.96%	14.17%	19.62%	33.11%	19.84%	12.94%	14.09%	19.78%	29.78%	26.22%
Gross Margin	57.48%	58.67%	60.48%	67.1%	67.58%	65.5%	66.34%	68.75%	68.5%	68.77%
Net Margin	-1.67%	2.24%	10.22%	11.51%	11.48%	11.14%	10.65%	11.99%	14.74%	14.24%
Debt / Equity	-	-	0.01x	0.00x	0.46x	0.16x	0.13x	0.08x	0.05x	0.18x
FCF Conversion	-8.57x	9.23x	2.54x	2.14x	1.74x	1.76x	1.71x	2.00x	1.86x	1.84x
Revenue Growth	51.08%	30.04%	25.84%	23.87%	20.04%	13.24%	34.14%	37.76%	19.4%	13.74%

Revenue by Segment

	2019	2020	2021	2022	2023	2024	2025
Recurring Fees	43.18M	526.27M	609.66M	818.14M	1.06B	1.23B	1.41B
Recurring Fees Growth	-	1118.75%	15.85%	34.20%	29.17%	16.12%	14.89%
Nonrecurring Fees	133K	19.95M	22.07M	29.56M	41.23M	54.53M	61.91M
Nonrecurring Fees Growth	-	14896.24%	10.64%	33.94%	39.49%	32.26%	13.52%

Frequently Asked Questions

Valuation & Price

Paylocity Holding Corporation (PCTY) has a price-to-earnings (P/E) ratio of 35.2x. This suggests investors expect higher future growth.

Growth & Financials

Paylocity Holding Corporation (PCTY) reported $1.64B in revenue for fiscal year 2025. This represents a 2877% increase from $55.1M in 2012.

Paylocity Holding Corporation (PCTY) grew revenue by 13.7% over the past year. This is steady growth.

Yes, Paylocity Holding Corporation (PCTY) is profitable, generating $225.5M in net income for fiscal year 2025 (14.2% net margin).

Dividend & Returns

Paylocity Holding Corporation (PCTY) has a return on equity (ROE) of 20.0%. This is excellent, indicating efficient use of shareholder capital.

Paylocity Holding Corporation (PCTY) generated $381.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Paylocity Holding Corporation (PCTY) 10-Year Financial Performance & Capital Metrics

PCTY • • Industrial / General

TechnologyApplication SoftwareHuman Capital ManagementHR & Payroll Management

Revenue $1.6B +13.7%
EBITDA $404M +20.0%
Net Income $227M +9.8%
EPS (Diluted) 4.02 +10.7%
Gross Margin 68.77% +0.4%
EBITDA Margin 25.3% +5.5%
Operating Margin 19.06% +2.8%
Net Margin 14.24% -3.4%
ROE 20.04% -9.1%
ROIC 26.22% -12.0%
Debt/Equity 0.18 +235.1%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.5%
✓Strong 5Y profit CAGR of 28.6%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 21.5% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.2%

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y26.44%

5Y23.23%

3Y23.22%

TTM16.96%

Profit (Net Income) CAGR

10Y-

5Y28.65%

3Y35.76%

TTM9.08%

EPS CAGR

10Y-

5Y28.22%

3Y35.66%

TTM2.05%

ROCE

10Y Avg13.55%

5Y Avg18.39%

3Y Avg22.64%

Latest23.28%

Peer Comparison

HR & Payroll Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DAYDayforce Inc	11.08B	69.25	629.55	16.27%	-7.91%	-5.56%	1.55%	0.48
WDAYWorkday, Inc.	41.05B	192.72	98.83	16.35%	6.95%	7.23%	5.33%	0.37
PCTYPaylocity Holding Corporation	7.7B	141.65	35.24	13.74%	13.75%	20.44%	4.45%	0.18
PAYCPaycom Software, Inc.	8.39B	152.78	17.13	11.19%	22.65%	26.51%	4.07%	0.05
LGCLLucas GC Limited Ordinary Shares	5.84M	2.09	0.10	-27.85%	4.63%	44.23%		0.26
ALITAlight, Inc.	831.22M	1.59	-5.48	-31.61%	-94.23%	-107.63%	15.76%	0.50
BLKBBlackbaud, Inc.	2.72B	56.93	-10.17	4.53%	-22.23%	-233.32%	10.6%	7.81
ASURAsure Software, Inc.	280.97M	10.12	-22.49	0.6%	-12.94%	-8.85%		0.09

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	230.7M	300.01M	377.53M	467.63M	561.33M	635.63M	852.65M	1.17B	1.4B	1.6B
Revenue Growth %	0.51%	0.3%	0.26%	0.24%	0.2%	0.13%	0.34%	0.38%	0.19%	0.14%
Cost of Goods Sold+	98.08M	123.99M	149.2M	153.85M	182.01M	219.3M	287M	367.04M	441.73M	498.22M
COGS % of Revenue	0.43%	0.41%	0.4%	0.33%	0.32%	0.35%	0.34%	0.31%	0.31%	0.31%
Gross Profit+	132.62M	176.02M	228.33M	313.78M	379.32M	416.33M	565.65M	807.56M	960.79M	1.1B
Gross Margin %	0.57%	0.59%	0.6%	0.67%	0.68%	0.65%	0.66%	0.69%	0.69%	0.69%
Gross Profit Growth %	0.62%	0.33%	0.3%	0.37%	0.21%	0.1%	0.36%	0.43%	0.19%	0.14%
Operating Expenses+	136.17M	168.73M	212.38M	257.56M	313.15M	358.29M	481.06M	652.53M	700.69M	792.97M
OpEx % of Revenue	0.59%	0.56%	0.56%	0.55%	0.56%	0.56%	0.56%	0.56%	0.5%	0.5%
Selling, General & Admin	109.43M	139.63M	174.74M	207.23M	250.38M	281.58M	378.15M	488.54M	522.36M	587.12M
SG&A % of Revenue	0.47%	0.47%	0.46%	0.44%	0.45%	0.44%	0.44%	0.42%	0.37%	0.37%
Research & Development	26.74M	29.1M	37.65M	50.33M	62.77M	76.71M	102.91M	163.99M	178.33M	205.85M
R&D % of Revenue	0.12%	0.1%	0.1%	0.11%	0.11%	0.12%	0.12%	0.14%	0.13%	0.13%
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-3.55M	7.3M	15.95M	56.22M	66.17M	58.04M	84.59M	155.03M	260.09M	304.02M
Operating Margin %	-0.02%	0.02%	0.04%	0.12%	0.12%	0.09%	0.1%	0.13%	0.19%	0.19%
Operating Income Growth %	0.74%	3.06%	1.19%	2.53%	0.18%	-0.12%	0.46%	0.83%	0.68%	0.17%
EBITDA+	10.32M	28.32M	46.15M	90.79M	104.08M	101.02M	134.81M	215.89M	336.52M	403.66M
EBITDA Margin %	0.04%	0.09%	0.12%	0.19%	0.19%	0.16%	0.16%	0.18%	0.24%	0.25%
EBITDA Growth %	2.94%	1.74%	0.63%	0.97%	0.15%	-0.03%	0.33%	0.6%	0.56%	0.2%
D&A (Non-Cash Add-back)	13.87M	21.03M	30.2M	34.56M	37.91M	42.97M	50.22M	60.87M	76.43M	99.64M
EBIT	-3.55M	7.3M	15.95M	56.22M	66.17M	58.04M	84.59M	155.03M	260.09M	304.02M
Net Interest Income+	0	0	0	0	0	0	0	0	0	0
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-124K	73K	802K	1.82M	947K	-939K	-997K	3.59M	16.92M	5.04M
Pretax Income+	-3.67M	7.37M	16.75M	58.05M	67.12M	57.1M	83.6M	158.61M	277.01M	309.06M
Pretax Margin %	-0.02%	0.02%	0.04%	0.12%	0.12%	0.09%	0.1%	0.14%	0.2%	0.19%
Income Tax+	177K	651K	-21.85M	4.22M	2.66M	-13.71M	-7.18M	17.79M	70.25M	81.94M
Effective Tax Rate %	1.05%	0.91%	2.3%	0.93%	0.96%	1.24%	1.09%	0.89%	0.75%	0.73%
Net Income+	-3.85M	6.72M	38.6M	53.82M	64.45M	70.82M	90.78M	140.82M	206.77M	227.13M
Net Margin %	-0.02%	0.02%	0.1%	0.12%	0.11%	0.11%	0.11%	0.12%	0.15%	0.14%
Net Income Growth %	0.72%	2.74%	4.75%	0.39%	0.2%	0.1%	0.28%	0.55%	0.47%	0.1%
Net Income (Continuing)	-3.85M	6.72M	38.6M	53.82M	64.45M	70.82M	90.78M	140.82M	206.77M	227.13M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.08	0.12	0.70	0.97	1.16	1.26	1.61	2.49	3.63	4.02
EPS Growth %	0.73%	2.59%	4.83%	0.39%	0.2%	0.09%	0.28%	0.55%	0.46%	0.11%
EPS (Basic)	-0.08	0.13	0.74	1.02	1.20	1.30	1.65	2.53	3.68	4.08
Diluted Shares Outstanding	50.91M	54.06M	54.89M	55.41M	55.81M	56.3M	56.45M	56.6M	56.98M	56.55M
Basic Shares Outstanding	50.91M	51.41M	52.42M	52.91M	53.55M	54.32M	55.04M	55.71M	56.21M	55.65M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	1.34B	1.06B	1.38B	1.6B	1.66B	2.03B	4.23B	3.05B	3.52B	3.31B
Cash & Short-Term Investments	86.5M	103.47M	137.19M	161.79M	285.41M	206.74M	139.76M	288.77M	401.81M	398.07M
Cash Only	86.5M	103.47M	137.19M	132.48M	250.85M	202.29M	139.76M	288.77M	401.81M	398.07M
Short-Term Investments	0	0	0	29.31M	34.56M	4.46M	0	0	0	0
Accounts Receivable	1.68M	2.04M	3.45M	4.36M	4.92M	6.27M	15.75M	25.09M	33M	41.64M
Days Sales Outstanding	2.66	2.48	3.34	3.4	3.2	3.6	6.74	7.79	8.59	9.53
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1.24B	942.46M	1.23B	1.42B	1.36B	1.8B	4.05B	2.73B	3.09B	2.87B
Total Non-Current Assets+	55.48M	74.59M	129.36M	207.75M	322.49M	382M	577.33M	647.24M	720.97M	1.08B
Property, Plant & Equipment	26.79M	40.76M	62.03M	70.06M	115.39M	103.82M	112.05M	108.14M	94.43M	90.21M
Fixed Asset Turnover	8.61x	7.36x	6.09x	6.68x	4.86x	6.12x	7.61x	10.86x	14.85x	17.68x
Goodwill	6M	6M	9.59M	9.59M	21.66M	33.65M	101.95M	102.05M	108.94M	343.1M
Intangible Assets	21.85M	26.3M	34.1M	38.24M	49.86M	58.05M	107.46M	120.65M	144.7M	224.99M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	845K	1.53M	1.5M	83.4M	130.63M	174.89M	236.81M	300.55M	355.08M	401.41M
Total Assets+	1.39B	1.14B	1.51B	1.8B	1.99B	2.41B	4.81B	3.7B	4.25B	4.39B
Asset Turnover	0.17x	0.26x	0.25x	0.26x	0.28x	0.26x	0.18x	0.32x	0.33x	0.36x
Asset Growth %	0.93%	-0.18%	0.33%	0.2%	0.1%	0.22%	0.99%	-0.23%	0.15%	0.03%
Total Current Liabilities+	1.27B	974.81M	1.27B	1.46B	1.41B	1.87B	4.12B	2.77B	3.12B	2.91B
Accounts Payable	1.62M	2.05M	2.99M	3.95M	1.75M	4.23M	8.37M	6.15M	8.64M	17.35M
Days Payables Outstanding	6.03	6.02	7.31	9.38	3.52	7.04	10.65	6.12	7.14	12.71
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	654K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.24B	942.46M	1.23B	1.39B	1.33B	1.76B	3.99B	2.63B	2.95B	2.69B
Current Ratio	1.05x	1.09x	1.08x	1.10x	1.18x	1.09x	1.03x	1.10x	1.13x	1.14x
Quick Ratio	1.05x	1.09x	1.08x	1.10x	1.18x	1.09x	1.03x	1.10x	1.13x	1.14x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	4.89M	15.02M	23.93M	39.93M	183.8M	70.94M	75.02M	78.02M	95.04M	250.41M
Long-Term Debt	0	0	0	0	100M	0	0	0	0	162.5M
Capital Lease Obligations	0	0	0	0	73.3M	67.2M	69.12M	62.47M	46.81M	46.77M
Deferred Tax Liabilities	249K	401K	0	6.94M	8.75M	1.78M	2.22M	11.82M	41.82M	32.56M
Other Non-Current Liabilities	4.65M	14.62M	23.93M	32.99M	1.75M	1.96M	3.68M	3.73M	6.4M	8.58M
Total Liabilities	1.27B	989.83M	1.29B	1.5B	1.59B	1.94B	4.2B	2.85B	3.21B	3.16B
Total Debt+	0	0	2.14M	1.48M	181.38M	74.75M	77.52M	70.27M	54.45M	217.89M
Net Debt	-86.5M	-103.47M	-135.05M	-130.99M	-69.47M	-127.54M	-62.24M	-218.5M	-347.36M	-180.18M
Debt / Equity	-	-	0.01x	0.00x	0.46x	0.16x	0.13x	0.08x	0.05x	0.18x
Debt / EBITDA	-	-	0.05x	0.02x	1.74x	0.74x	0.58x	0.33x	0.16x	0.54x
Net Debt / EBITDA	-8.38x	-3.65x	-2.93x	-1.44x	-0.67x	-1.26x	-0.46x	-1.01x	-1.03x	-0.45x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	119.57M	147.61M	212.82M	307.96M	392.91M	476.93M	613.46M	842.86M	1.03B	1.23B
Equity Growth %	0.11%	0.23%	0.44%	0.45%	0.28%	0.21%	0.29%	0.37%	0.23%	0.19%
Book Value per Share	2.35	2.73	3.88	5.56	7.04	8.47	10.87	14.89	18.13	21.82
Total Shareholders' Equity	119.57M	147.61M	212.82M	307.96M	392.91M	476.93M	613.46M	842.86M	1.03B	1.23B
Common Stock	51K	52K	53K	53K	54K	55K	55K	56K	56K	55K
Retained Earnings	-51.99M	-45.28M	-6.68M	99.82M	164.27M	235.09M	325.87M	466.69M	673.46M	900.58M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-18.46M	-25.41M	-139K	112K	675K	66K	-2.3M	-4.51M	-936K	5.59M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	32.99M	61.98M	97.87M	115.03M	111.95M	124.85M	155.05M	281.84M	384.67M	418.23M
Operating CF Margin %	0.14%	0.21%	0.26%	0.25%	0.2%	0.2%	0.18%	0.24%	0.27%	0.26%
Operating CF Growth %	1.97%	0.88%	0.58%	0.18%	-0.03%	0.12%	0.24%	0.82%	0.36%	0.09%
Net Income	-3.85M	6.72M	38.6M	53.82M	64.45M	70.82M	90.78M	140.82M	206.77M	227.13M
Depreciation & Amortization	13.87M	21.03M	30.2M	34.56M	37.91M	42.97M	50.22M	60.87M	76.43M	99.64M
Stock-Based Compensation	17.56M	26.73M	30.35M	38.77M	0	63.05M	96.2M	147.3M	146.03M	142.82M
Deferred Taxes	150K	152K	-21.87M	4.13M	2.75M	-13.64M	-7.18M	13.54M	27.84M	-3.21M
Other Non-Cash Items	871K	366K	82K	-1.49M	45.81M	1.47M	1.2M	-2.48M	-3.77M	402K
Working Capital Changes	4.39M	6.98M	20.5M	-14.76M	-38.98M	-39.82M	-76.16M	-77.32M	-68.61M	-48.55M
Change in Receivables	-725K	-472K	-1.49M	-1.19M	-732K	-1.65M	-7.61M	-9.41M	-8.19M	-3.56M
Change in Inventory	-63.95M	4.39M	9.5M	14.01M	17.5M	16.29M	0	14.42M	0	0
Change in Payables	72K	219K	740K	-75K	-806K	2.39M	2.55M	-1.55M	2.42M	7.29M
Cash from Investing+	-673.36M	259.34M	-339.36M	-43.34M	-48.76M	48.42M	-479.77M	-220.16M	-101.89M	-455.55M
Capital Expenditures	-24.47M	-34.98M	-37.31M	-31.42M	-42.29M	-38.05M	-52.58M	-66.91M	-78.75M	-75.47M
CapEx % of Revenue	0.11%	0.12%	0.1%	0.07%	0.08%	0.06%	0.06%	0.06%	0.06%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-648.4M	294.32M	-170.15M	-7.48M	0	0	-2.5M	-1.1M	-1.08M	-1.29M
Cash from Financing+	645.61M	-304.35M	275.22M	114.72M	2.79M	280.54M	2.17B	-1.43B	141.65M	-325.82M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	642.48M	-308.06M	270.91M	143.65M	-106.11M	368.18M	2.16B	-1.45B	272.51M	-358.37M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	8.52M	27M	60.55M	83.61M	95.38M	86.8M	102.47M	215.81M	366.57M	342.75M
FCF Margin %	0.04%	0.09%	0.16%	0.18%	0.17%	0.14%	0.12%	0.18%	0.26%	0.21%
FCF Growth %	5%	2.17%	1.24%	0.38%	0.14%	-0.09%	0.18%	1.11%	0.7%	-0.06%
FCF per Share	0.17	0.50	1.10	1.51	1.71	1.54	1.82	3.81	6.43	6.06
FCF Conversion (FCF/Net Income)	-8.57x	9.23x	2.54x	2.14x	1.74x	1.76x	1.71x	2.00x	1.86x	1.84x
Interest Paid	0	0	0	0	438K	870K	311K	404K	494K	12.76M
Taxes Paid	3K	28K	0	412K	84K	136K	11K	1.36M	47.62M	86.1M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-3.39%	5.03%	21.42%	20.67%	18.39%	16.28%	16.65%	19.34%	22.04%	20.04%
Return on Invested Capital (ROIC)	-8.96%	14.17%	19.62%	33.11%	19.84%	12.94%	14.09%	19.78%	29.78%	26.22%
Gross Margin	57.48%	58.67%	60.48%	67.1%	67.58%	65.5%	66.34%	68.75%	68.5%	68.77%
Net Margin	-1.67%	2.24%	10.22%	11.51%	11.48%	11.14%	10.65%	11.99%	14.74%	14.24%
Debt / Equity	-	-	0.01x	0.00x	0.46x	0.16x	0.13x	0.08x	0.05x	0.18x
FCF Conversion	-8.57x	9.23x	2.54x	2.14x	1.74x	1.76x	1.71x	2.00x	1.86x	1.84x
Revenue Growth	51.08%	30.04%	25.84%	23.87%	20.04%	13.24%	34.14%	37.76%	19.4%	13.74%

Revenue by Segment

	2019	2020	2021	2022	2023	2024	2025
Recurring Fees	43.18M	526.27M	609.66M	818.14M	1.06B	1.23B	1.41B
Recurring Fees Growth	-	1118.75%	15.85%	34.20%	29.17%	16.12%	14.89%
Nonrecurring Fees	133K	19.95M	22.07M	29.56M	41.23M	54.53M	61.91M
Nonrecurring Fees Growth	-	14896.24%	10.64%	33.94%	39.49%	32.26%	13.52%

Frequently Asked Questions

Valuation & Price

Paylocity Holding Corporation (PCTY) has a price-to-earnings (P/E) ratio of 35.2x. This suggests investors expect higher future growth.

Growth & Financials

Paylocity Holding Corporation (PCTY) reported $1.64B in revenue for fiscal year 2025. This represents a 2877% increase from $55.1M in 2012.

Paylocity Holding Corporation (PCTY) grew revenue by 13.7% over the past year. This is steady growth.

Yes, Paylocity Holding Corporation (PCTY) is profitable, generating $225.5M in net income for fiscal year 2025 (14.2% net margin).

Dividend & Returns

Paylocity Holding Corporation (PCTY) has a return on equity (ROE) of 20.0%. This is excellent, indicating efficient use of shareholder capital.

Paylocity Holding Corporation (PCTY) generated $381.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.