Paylocity Holding Corporation (PCTY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 502.29M | 416.13M | 408.17M | 400.74M | 454.55M | 376.98M | 317.59M | 357.29M | 401.28M | 326.36M | 362.96M | 308.45M | 339.86M | 273.01M | 253.28M | 228.95M | 245.97M | 196.04M | 181.7M | 167.45M |
| Revenue Growth % | 10.5% | 10.39% | 28.52% | 12.16% | 13.27% | 15.51% | -12.5% | 15.83% | 18.07% | 19.54% | 43.3% | 34.73% | 38.17% | 39.26% | 39.4% | 36.72% | 32.2% | 33.97% | 33.8% | 28.23% |
| Cost of Goods Sold | 139.1M | 134M | 128.38M | 128.87M | 129.85M | 124.55M | 101.47M | 116.88M | 115.98M | 107.4M | 114.96M | 96.71M | 95.71M | 90.08M | 84.54M | 77.39M | 75.54M | 70.82M | 63.25M | 59.05M |
| COGS % of Revenue | 27.69% | 32.2% | 31.45% | 32.16% | 28.57% | 33.04% | 31.95% | 32.71% | 28.9% | 32.91% | 31.67% | 31.35% | 28.16% | 32.99% | 33.38% | 33.8% | 30.71% | 36.13% | 34.81% | 35.26% |
| Gross Profit | 363.19M | 282.14M | 279.79M | 271.87M | 324.69M | 252.44M | 216.12M | 240.41M | 285.3M | 218.96M | 248M | 211.75M | 244.14M | 182.93M | 168.74M | 151.55M | 170.43M | 125.22M | 118.45M | 108.4M |
| Gross Margin % | 72.31% | 67.8% | 68.55% | 67.84% | 71.43% | 66.96% | 68.05% | 67.29% | 71.1% | 67.09% | 68.33% | 68.65% | 71.84% | 67.01% | 66.62% | 66.2% | 69.29% | 63.87% | 65.19% | 64.74% |
| Gross Profit Growth % | 11.86% | 11.77% | 29.46% | 13.09% | 13.81% | 15.29% | -12.85% | 13.54% | 16.86% | 19.7% | 46.97% | 39.72% | 43.25% | 46.09% | 42.46% | 39.81% | 32.4% | 34.95% | 37.07% | 27.96% |
| Operating Expenses | 206.43M | 211.76M | 205.58M | 205.65M | 197.66M | 205.81M | 174.93M | 177.5M | 179.01M | 169.26M | 183.85M | 162.4M | 163.77M | 164.72M | 161.65M | 132.73M | 123.05M | 117.08M | 108.2M | 99.3M |
| OpEx % of Revenue | 41.1% | 50.89% | 50.37% | 51.32% | 43.49% | 54.59% | 55.08% | 49.68% | 44.61% | 51.86% | 50.65% | 52.65% | 48.19% | 60.34% | 63.82% | 57.97% | 50.03% | 59.72% | 59.55% | 59.3% |
| Selling, General & Admin | 153.69M | 154.02M | 149.97M | 154.6M | 146.27M | 149.66M | 130.32M | 133.29M | 135.62M | 123.12M | 136.59M | 121.85M | 121.44M | 123.69M | 121.56M | 103.84M | 97.38M | 91.8M | 85.12M | 79.04M |
| SG&A % of Revenue | 30.6% | 37.01% | 36.74% | 38.58% | 32.18% | 39.7% | 41.04% | 37.31% | 33.8% | 37.72% | 37.63% | 39.5% | 35.73% | 45.31% | 47.99% | 45.36% | 39.59% | 46.83% | 46.85% | 47.2% |
| Research & Development | 52.52M | 57.74M | 55.61M | 51.04M | 51.4M | 56.16M | 44.6M | 44.2M | 43.39M | 46.14M | 47.26M | 40.55M | 42.32M | 41.03M | 40.09M | 28.88M | 25.67M | 25.28M | 23.08M | 20.26M |
| R&D % of Revenue | 10.46% | 13.88% | 13.62% | 12.74% | 11.31% | 14.9% | 14.04% | 12.37% | 10.81% | 14.14% | 13.02% | 13.15% | 12.45% | 15.03% | 15.83% | 12.62% | 10.44% | 12.89% | 12.7% | 12.1% |
| Other Operating Expenses | 219K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 158.33M | 70.6M | 74.21M | 66.23M | 127.03M | 46.62M | 41.19M | 62.91M | 106.29M | 49.71M | 64.14M | 49.35M | 80.38M | 18.21M | 7.09M | 18.83M | 47.38M | 8.14M | 10.25M | 9.1M |
| Operating Margin % | 31.52% | 16.97% | 18.18% | 16.53% | 27.95% | 12.37% | 12.97% | 17.61% | 26.49% | 15.23% | 17.67% | 16% | 23.65% | 6.67% | 2.8% | 8.22% | 19.26% | 4.15% | 5.64% | 5.43% |
| Operating Income Growth % | 24.64% | 51.43% | 80.17% | 5.27% | 19.51% | -6.2% | -35.79% | 27.47% | 32.24% | 172.99% | 804.84% | 162.15% | 69.65% | 123.74% | -30.85% | 106.88% | 21.04% | 28.14% | 197.25% | 44.08% |
| EBITDA | 185.63M | 98.4M | 101.66M | 92.68M | 153M | 72.28M | 62.74M | 83.56M | 126.57M | 68.09M | 81.27M | 65.74M | 95.76M | 33.03M | 21.36M | 32.63M | 60.41M | 20.2M | 21.57M | 20M |
| EBITDA Margin % | 36.96% | 23.65% | 24.91% | 23.13% | 33.66% | 19.17% | 19.76% | 23.39% | 31.54% | 20.86% | 22.39% | 21.31% | 28.18% | 12.1% | 8.43% | 14.25% | 24.56% | 10.3% | 11.87% | 11.95% |
| EBITDA Growth % | 21.32% | 36.14% | 62.04% | 10.92% | 20.89% | 6.16% | -22.79% | 27.11% | 32.17% | 106.1% | 280.53% | 101.49% | 58.51% | 63.55% | -1.01% | 63.11% | 20.49% | 17.52% | 57.66% | 21.99% |
| D&A (Non-Cash Add-back) | 27.3M | 27.8M | 27.45M | 26.45M | 25.97M | 25.66M | 21.55M | 20.65M | 20.28M | 18.38M | 17.12M | 16.39M | 15.39M | 14.83M | 14.27M | 13.8M | 13.04M | 12.06M | 11.32M | 10.9M |
| EBIT | 158.33M | 70.18M | 74.91M | 66.23M | 127.03M | 46.62M | 41.19M | 62.91M | 106.29M | 49.71M | 64.14M | 49.35M | 80.38M | 18.21M | 7.09M | 18.83M | 47.38M | 8.14M | 10.25M | 9.1M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.29M | -423K | 702K | 572K | -468K | 193K | 3.23M | 5.57M | 4.32M | 3.8M | 4.74M | 2.62M | 1.14M | -5K | -163K | -197K | -311K | -372K | -117K | -96K |
| Pretax Income | 157.04M | 70.18M | 74.91M | 66.8M | 126.56M | 46.82M | 44.41M | 68.48M | 110.61M | 53.51M | 68.89M | 51.97M | 81.52M | 18.2M | 6.93M | 18.63M | 47.07M | 7.77M | 10.13M | 9M |
| Pretax Margin % | 31.26% | 16.86% | 18.35% | 16.67% | 27.84% | 12.42% | 13.98% | 19.17% | 27.57% | 16.39% | 18.98% | 16.85% | 23.99% | 6.67% | 2.73% | 8.14% | 19.14% | 3.96% | 5.58% | 5.38% |
| Income Tax | 45.79M | 19.98M | 26.92M | 18.19M | 35.08M | 9.35M | 9.9M | 19.66M | 25.3M | 15.39M | 19.31M | 14.71M | 23.9M | 2.6M | -23.43M | 3.48M | 12.22M | -2.09M | -20.8M | -2.88M |
| Effective Tax Rate % | 29.16% | 28.47% | 35.94% | 27.24% | 27.72% | 19.97% | 22.28% | 28.71% | 22.87% | 28.76% | 28.04% | 28.31% | 29.32% | 14.3% | -338.23% | 18.7% | 25.97% | -26.87% | -205.2% | -31.97% |
| Net Income | 111.25M | 50.2M | 47.99M | 48.61M | 91.48M | 37.47M | 34.52M | 48.82M | 85.31M | 38.12M | 49.57M | 37.25M | 57.62M | 15.6M | 30.35M | 15.15M | 34.85M | 9.85M | 30.93M | 11.88M |
| Net Margin % | 22.15% | 12.06% | 11.76% | 12.13% | 20.13% | 9.94% | 10.87% | 13.66% | 21.26% | 11.68% | 13.66% | 12.08% | 16.95% | 5.71% | 11.98% | 6.62% | 14.17% | 5.03% | 17.02% | 7.1% |
| Net Income Growth % | 21.61% | 33.98% | 39.04% | -0.44% | 7.23% | -1.71% | -30.37% | 31.04% | 48.07% | 144.33% | 63.33% | 145.97% | 65.34% | 58.33% | -1.88% | 27.46% | -5.4% | 2.19% | 148.25% | 140.06% |
| Net Income (Continuing) | 111.25M | 50.2M | 47.99M | 48.61M | 91.48M | 37.47M | 34.52M | 48.82M | 85.31M | 38.12M | 49.57M | 37.25M | 57.62M | 15.6M | 30.35M | 15.15M | 34.85M | 9.85M | 30.93M | 11.88M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.04 | 0.91 | 0.86 | 0.86 | 1.61 | 0.66 | 0.88 | 0.86 | 1.50 | 0.67 | 0.88 | 0.66 | 1.02 | 0.28 | 0.54 | 0.27 | 0.62 | 0.17 | 0.55 | 0.21 |
| EPS Growth % | 26.71% | 37.88% | -2.27% | 0% | 7.33% | -1.49% | 0% | 30.3% | 47.06% | 139.29% | 62.96% | 144.44% | 64.52% | 64.71% | -1.82% | 28.57% | -4.62% | 0% | 150% | 133.33% |
| EPS (Basic) | 2.06 | 0.93 | 0.87 | 0.88 | 1.64 | 0.67 | 0.89 | 0.87 | 1.51 | 0.68 | 0.89 | 0.67 | 1.03 | 0.28 | 0.55 | 0.27 | 0.63 | 0.18 | 0.56 | 0.22 |
| Diluted Shares Outstanding | 55.02M | 55.34M | 55.86M | 56.26M | 56.78M | 56.74M | 56.27M | 56.89M | 57.05M | 56.85M | 56.88M | 56.66M | 56.55M | 56.47M | 56.66M | 56.47M | 56.37M | 56.47M | 56.51M | 56.35M |
| Basic Shares Outstanding | 54.28M | 54.55M | 55.01M | 55.32M | 55.81M | 55.83M | 55.64M | 56.21M | 56.37M | 56.24M | 56.04M | 55.86M | 55.79M | 55.72M | 55.45M | 55.16M | 55.11M | 55.07M | 54.81M | 54.53M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |