Paylocity (PCTY) Financials

$189.22 -4.55 (-2.35%)

Closing price 04:00 PM Eastern

Extended Trading

$189.22 +0.00 (+0.00%)

As of 05:16 PM Eastern

Annual Income Statements for Paylocity

This table shows Paylocity's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Income / (Loss) Attributable to Common Shareholders	207	141	91	71	64	54	39	6.72	-3.85	-14
Consolidated Net Income / (Loss)	207	141	91	71	64	54	39	6.72	-3.85	-14
Net Income / (Loss) Continuing Operations	207	141	91	71	64	54	39	6.72	-3.85	-14
Total Pre-Tax Income	277	159	84	57	67	58	17	7.37	-3.67	-14
Total Operating Income	260	155	85	58	66	56	16	7.30	-3.55	-14
Total Gross Profit	961	808	566	416	379	314	228	176	133	82
Total Revenue	1,403	1,175	853	640	561	468	378	300	231	153
Operating Revenue	1,403	1,175	853	640	561	468	378	300	231	153
Total Cost of Revenue	442	367	287	219	182	154	149	124	98	71
Operating Cost of Revenue	442	367	287	219	182	154	149	124	98	71
Total Operating Expenses	701	653	481	358	313	258	212	169	136	96
Selling, General & Admin Expense	187	192	164	120	105	95	79	62	48	33
Marketing Expense	335	297	214	162	145	113	95	78	62	43
Research & Development Expense	178	164	103	77	63	50	38	29	27	20
Total Other Income / (Expense), net	17	3.59	-1.00	-0.94	0.95	1.82	0.80	0.07	-0.12	0.05
Other Income / (Expense), net	17	3.59	-1.00	-0.94	0.95	1.82	0.80	0.07	-0.12	0.05
Income Tax Expense	70	18	-7.18	-14	2.66	4.22	-22	0.65	0.18	0.11
Basic Earnings per Share	$3.68	$2.53	$1.65	$1.30	$1.20	$1.02	$0.74	$0.13	($0.08)	($0.28)
Weighted Average Basic Shares Outstanding	56.21M	55.71M	55.04M	54.32M	53.55M	52.91M	52.43M	51.42M	50.91M	50.13M
Diluted Earnings per Share	$3.63	$2.49	$1.61	$1.26	$1.15	$0.97	$0.70	$0.12	($0.08)	($0.28)
Weighted Average Diluted Shares Outstanding	56.98M	56.60M	56.45M	56.31M	55.81M	55.41M	54.89M	54.06M	50.91M	50.13M
Weighted Average Basic & Diluted Shares Outstanding	55.57M	55.92M	55.28M	54.60M	53.81M	52.80M	52.20M	51.70M	48.10M	49.90M

This table shows Paylocity's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	91	37	50	49	85	38	35	37	58	16	30
Consolidated Net Income / (Loss)	91	37	50	49	85	38	35	37	58	16	30
Net Income / (Loss) Continuing Operations	91	37	50	49	85	38	35	37	58	16	30
Total Pre-Tax Income	127	47	69	68	111	54	44	52	82	18	6.93
Total Operating Income	127	47	64	63	106	50	41	49	80	18	7.09
Total Gross Profit	325	252	248	240	285	219	216	212	244	183	169
Total Revenue	455	377	363	357	401	326	318	308	340	273	253
Operating Revenue	455	377	363	357	401	326	318	308	340	273	253
Total Cost of Revenue	130	125	115	117	116	107	101	97	96	90	85
Operating Cost of Revenue	130	125	115	117	116	107	101	97	96	90	85
Total Operating Expenses	198	206	184	177	179	169	175	162	164	165	162
Selling, General & Admin Expense	54	57	48	45	49	43	50	46	47	48	50
Marketing Expense	92	93	88	88	87	80	80	76	74	76	71
Research & Development Expense	51	56	47	44	43	46	45	41	42	41	40
Total Other Income / (Expense), net	-0.47	0.19	4.74	5.57	4.32	3.80	3.23	2.62	1.14	-0.01	-0.16
Other Income / (Expense), net	-0.47	0.19	4.74	5.57	4.32	3.80	3.23	2.62	1.14	-0.01	-0.16
Income Tax Expense	35	9.35	19	20	25	15	9.90	15	24	2.60	-23
Basic Earnings per Share	$1.64	$0.67	$0.89	$0.87	$1.51	$0.68	$0.62	$0.67	$1.03	$0.28	$0.55
Weighted Average Basic Shares Outstanding	55.81M	55.83M	55.64M	56.21M	56.37M	56.24M	56.04M	55.71M	55.79M	55.72M	55.45M
Diluted Earnings per Share	$1.61	$0.66	$0.88	$0.85	$1.50	$0.67	$0.61	$0.65	$1.02	$0.28	$0.54
Weighted Average Diluted Shares Outstanding	56.78M	56.74M	56.27M	56.98M	57.05M	56.86M	56.88M	56.60M	56.56M	56.47M	56.66M
Weighted Average Basic & Diluted Shares Outstanding	55.23M	55.89M	55.75M	55.57M	56.43M	56.33M	56.18M	55.92M	55.81M	55.77M	55.67M

This table details how cash moves in and out of Paylocity's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Net Change in Cash & Equivalents	424	-1,372	1,848	454	66	186	194	-280	5.24	2.41
Net Cash From Operating Activities	385	283	155	125	113	115	98	62	33	11
Net Cash From Continuing Operating Activities	385	283	155	125	113	115	98	62	33	11
Net Income / (Loss) Continuing Operations	207	141	91	71	64	54	39	6.72	-3.85	-14
Consolidated Net Income / (Loss)	207	141	91	71	64	54	39	6.72	-3.85	-14
Depreciation Expense	76	61	50	43	38	35	30	21	14	8.61
Amortization Expense	-4.38	-5.41	0.38	0.52	-1.68	-2.23	-0.44	-	-	-
Non-Cash Adjustments To Reconcile Net Income	147	150	97	64	48	47	43	30	18	14
Changes in Operating Assets and Liabilities, net	-41	-64	-83	-53	-36	-18	-13	4.29	4.54	2.95
Net Cash From Investing Activities	-102	-220	-480	48	-49	-43	-179	-38	-673	-199
Net Cash From Continuing Investing Activities	-102	-220	-480	48	-49	-43	-179	-38	-673	-199
Purchase of Property, Plant & Equipment	-79	-67	-53	-38	-42	-31	-37	-35	-24	-13
Acquisitions	-12	0.00	-108	-15	-17	0.00	-6.66	-	-0.48	-12
Purchase of Investments	-304	-599	-434	0.00	-400	-251	-197	-	-	-
Sale and/or Maturity of Investments	294	447	117	101	411	246	73	-	-	-
Other Investing Activities, net	-1.08	-1.10	-2.50	0.00	0.00	-7.48	-12	-2.85	-648	-174
Net Cash From Financing Activities	142	-1,435	2,172	280	2.09	115	275	-304	646	190
Net Cash From Continuing Financing Activities	142	-1,435	2,172	280	2.09	115	275	-304	646	190
Repayment of Debt	-0.07	-0.89	-50	-100	-0.70	0.00	0.00	-	-	-
Repurchase of Common Equity	-150	0.00	0.00	-	-	-35	0.00	-	-	-0.08
Issuance of Debt	0.00	0.00	50	0.00	100	0.00	0.00	-	-	-
Issuance of Common Equity	19	17	14	12	8.90	5.98	4.30	3.68	2.99	20
Other Financing Activities, net	273	-1,451	2,158	368	-106	144	271	-308	643	170
Cash Interest Paid	0.49	0.40	0.31	0.87	0.44	0.00	0.00	-	-	-
Cash Income Taxes Paid	48	1.36	0.01	-0.14	0.08	0.41	-0.05	0.03	0.00	0.16

This table details how cash moves in and out of Paylocity's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-134	920	-240	-731	451	775	-70	-418	93	789	-1,836
Net Cash From Operating Activities	186	54	91	80	168	75	62	77	127	62	16
Net Cash From Continuing Operating Activities	186	54	91	80	168	75	62	77	127	62	16
Net Income / (Loss) Continuing Operations	91	37	50	49	85	38	35	37	58	16	30
Consolidated Net Income / (Loss)	91	37	50	49	85	38	35	37	58	16	30
Depreciation Expense	26	26	22	21	20	18	17	16	15	15	14
Amortization Expense	-0.36	-0.62	-0.66	-0.69	-1.01	-1.29	-1.39	-1.81	-1.56	-1.29	-0.75
Non-Cash Adjustments To Reconcile Net Income	36	44	34	32	36	39	39	32	33	45	40
Changes in Operating Assets and Liabilities, net	33	-53	-13	-21	27	-20	-27	-7.01	23	-12	-68
Net Cash From Investing Activities	-28	-288	-13	-25	-14	-53	-9.40	79	-167	-43	-89
Net Cash From Continuing Investing Activities	-28	-288	-13	-25	-14	-53	-9.40	79	-167	-43	-89
Purchase of Property, Plant & Equipment	-18	-17	-18	-23	-21	-18	-18	-27	-13	-13	-13
Acquisitions	0.15	-	-	-	-0.02	-	-	-	-	-	-
Purchase of Investments	-56	-46	-20	-73	-67	-72	-93	-41	-261	-177	-119
Sale and/or Maturity of Investments	43	55	25	72	72	50	101	149	108	147	43
Other Investing Activities, net	3.25	-1.31	-0.64	-1.86	1.37	-0.18	-0.41	-1.14	0.00	0.03	0.00
Net Cash From Financing Activities	-292	1,154	-318	-786	298	752	-122	-573	132	769	-1,763
Net Cash From Continuing Financing Activities	-292	1,154	-318	-786	298	752	-122	-573	132	769	-1,763
Repayment of Debt	-82	-0.01	-0.01	-0.04	-13	13	-0.01	-0.01	-0.01	-0.01	-0.86
Repurchase of Common Equity	-83	-	-	-	-	-	-	-	-	-	-
Other Financing Activities, net	-128	1,152	-643	-646	311	729	-122	-581	132	761	-1,762
Cash Interest Paid	4.37	5.06	0.12	0.12	0.13	0.12	0.12	0.12	0.13	0.10	0.06
Cash Income Taxes Paid	18	40	6.19	13	9.10	19	6.21	0.79	0.73	-0.18	0.02

This table presents Paylocity's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Total Assets	4,245	3,696	4,809	2,415	1,986	1,804	1,508	1,137	1,391	721
Total Current Assets	3,524	3,048	4,232	2,033	1,663	1,596	1,378	1,063	1,335	679
Cash & Equivalents	402	289	140	202	251	132	137	103	86	81
Restricted Cash	2,952	2,621	3,988	1,760	1,327	1,394	1,226	942	1,240	591
Accounts Receivable	33	25	16	6.27	4.92	4.36	3.45	2.04	1.68	1.12
Prepaid Expenses	40	35	29	16	13	14	11	15	7.41	4.42
Other Current Assets	98	78	60	44	32	22	-	-	-	-
Plant, Property, & Equipment, net	61	64	63	60	67	70	62	41	27	16
Total Noncurrent Assets	660	583	514	322	256	138	67	34	29	26
Goodwill	109	102	102	34	22	9.59	9.59	6.00	6.00	6.00
Intangible Assets	145	121	107	58	50	38	34	26	22	19
Noncurrent Deferred & Refundable Income Taxes	18	16	19	12	4.96	6.47	22	-	-	-
Other Noncurrent Operating Assets	389	345	286	219	179	83	1.50	1.54	0.85	0.40
Total Liabilities & Shareholders' Equity	4,245	3,696	4,809	2,415	1,986	1,804	1,508	1,137	1,391	721
Total Liabilities	3,212	2,853	4,196	1,938	1,593	1,496	1,295	990	1,271	613
Total Current Liabilities	3,117	2,775	4,121	1,867	1,409	1,456	1,271	975	1,266	609
Accounts Payable	8.64	6.15	8.37	4.23	1.76	3.95	2.99	2.05	1.62	1.33
Accrued Expenses	158	143	124	103	80	58	42	30	25	16
Other Current Liabilities	2,950	2,625	3,988	1,760	1,327	1,394	1,226	942	1,240	592
Total Noncurrent Liabilities	95	78	75	71	184	40	24	15	4.90	3.48
Long-Term Debt	0.00	-	-	-	100	0.00	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	42	12	2.22	1.78	8.75	6.94	-	0.40	0.25	0.87
Other Noncurrent Operating Liabilities	53	66	73	69	75	1.72	1.12	-	-	-
Total Equity & Noncontrolling Interests	1,033	843	613	477	393	308	213	148	120	108
Total Preferred & Common Equity	1,033	843	613	477	393	308	213	148	120	108
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,033	843	613	477	393	308	213	148	120	108
Common Stock	361	381	290	242	228	208	220	193	172	156
Retained Earnings	673	467	326	235	164	100	-6.68	-45	-52	-48
Accumulated Other Comprehensive Income / (Loss)	-0.94	-4.52	-2.30	0.07	0.68	0.11	-0.14	-	-	-

This table presents Paylocity's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	3/31/2024	12/31/2023	9/30/2023	3/31/2023	12/31/2022	9/30/2022	3/31/2022
Total Assets	5,168	5,294	4,025	4,953	4,493	3,647	4,194	3,938	3,095	5,079
Total Current Assets	4,103	4,237	3,296	4,247	3,807	2,983	3,566	3,309	2,480	4,517
Cash & Equivalents	478	482	779	493	367	305	234	120	65	96
Restricted Cash	3,430	3,542	2,340	3,591	3,272	2,528	3,202	3,066	2,299	4,325
Accounts Receivable	44	43	34	34	32	30	27	25	22	18
Prepaid Expenses	40	63	41	36	49	37	29	30	29	23
Other Current Assets	112	107	102	92	87	82	74	69	64	55
Plant, Property, & Equipment, net	54	56	58	61	63	63	60	60	61	64
Total Noncurrent Assets	1,011	1,001	671	646	623	601	567	569	555	498
Goodwill	343	343	109	109	110	102	102	102	102	102
Intangible Assets	227	228	148	142	136	128	116	111	109	106
Noncurrent Deferred & Refundable Income Taxes	18	20	17	19	17	16	18	41	43	22
Other Noncurrent Operating Assets	423	410	397	377	361	355	332	316	300	268
Total Liabilities & Shareholders' Equity	5,168	5,294	4,025	4,953	4,493	3,647	4,194	3,938	3,095	5,079
Total Liabilities	3,959	4,122	2,919	3,854	3,506	2,754	3,425	3,260	2,484	4,514
Total Current Liabilities	3,625	3,706	2,501	3,765	3,423	2,672	3,355	3,189	2,412	4,438
Accounts Payable	8.72	5.46	16	5.18	7.97	8.75	7.97	7.61	6.24	5.05
Accrued Expenses	194	162	156	171	147	132	144	116	106	109
Other Current Liabilities	3,423	3,538	2,329	3,589	3,268	2,532	3,202	3,066	2,299	4,325
Total Noncurrent Liabilities	334	416	418	88	83	82	70	71	73	75
Long-Term Debt	244	325	325	-	-	-	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	34	36	41	34	28	18	2.22	2.22	2.22	1.78
Other Noncurrent Operating Liabilities	57	55	52	55	55	64	68	69	70	74
Total Equity & Noncontrolling Interests	1,209	1,172	1,106	1,099	987	893	769	678	611	565
Total Preferred & Common Equity	1,209	1,172	1,106	1,099	987	893	769	678	611	565
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,209	1,172	1,106	1,099	987	893	769	678	611	565
Common Stock	353	411	377	475	447	396	342	310	259	256
Retained Earnings	852	760	723	625	539	501	429	372	356	311
Accumulated Other Comprehensive Income / (Loss)	3.71	0.22	5.88	-0.69	0.53	-4.40	-2.24	-4.16	-4.68	-1.56

This table displays calculated financial ratios and metrics derived from Paylocity's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	6/30/2024	6/30/2023	6/30/2022	6/30/2021	6/30/2020	6/30/2019	6/30/2018	6/30/2017	6/30/2016	6/30/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.40%	37.76%	33.32%	13.93%	20.04%	23.87%	25.84%	30.04%	51.08%	40.49%
EBITDA Growth	63.06%	59.52%	33.40%	-2.67%	14.35%	94.32%	63.79%	178.42%	293.97%	-913.10%
EBIT Growth	74.65%	89.74%	46.39%	-14.92%	15.63%	246.52%	127.32%	300.57%	73.51%	-102.29%
NOPAT Growth	41.05%	49.83%	27.61%	13.28%	21.89%	41.86%	452.51%	367.66%	74.50%	-98.36%
Net Income Growth	46.83%	55.13%	28.18%	9.87%	19.75%	39.45%	474.55%	274.45%	72.44%	-96.51%
EPS Growth	45.78%	54.66%	27.78%	9.57%	18.56%	38.57%	483.33%	250.00%	71.43%	-7.69%
Operating Cash Flow Growth	36.06%	82.34%	24.19%	10.83%	-2.07%	17.54%	57.90%	87.86%	197.10%	54.26%
Free Cash Flow Firm Growth	134.19%	-161.85%	379.19%	780.05%	-143.38%	-48.22%	195.88%	-147.18%	325.61%	-62.83%
Invested Capital Growth	-12.26%	41.17%	-135.92%	-33.01%	10.29%	-8.48%	-28.10%	25.55%	-113.59%	-39.49%
Revenue Q/Q Growth	3.61%	7.54%	6.86%	6.81%	1.85%	5.35%	5.76%	5.72%	9.41%	8.04%
EBITDA Q/Q Growth	6.69%	19.02%	10.13%	4.09%	-2.43%	18.45%	2.89%	18.16%	6.76%	31.64%
EBIT Q/Q Growth	6.34%	26.61%	13.01%	5.42%	-5.37%	33.92%	-8.07%	37.79%	-36.78%	11.84%
NOPAT Q/Q Growth	5.09%	16.66%	3.71%	10.45%	-6.44%	28.46%	4.32%	21.39%	-27.97%	12.79%
Net Income Q/Q Growth	5.92%	18.62%	3.73%	10.85%	-7.59%	28.06%	6.31%	30.45%	-34.27%	14.00%
EPS Q/Q Growth	5.83%	18.01%	3.21%	12.50%	-8.00%	27.63%	6.06%	50.00%	-60.00%	24.32%
Operating Cash Flow Q/Q Growth	0.87%	10.54%	7.32%	11.85%	-8.16%	6.83%	11.23%	31.14%	10.08%	19.11%
Free Cash Flow Firm Q/Q Growth	-10.81%	-22.32%	-2.23%	42.79%	-329.89%	-56.37%	59.06%	-15.70%	-5.19%	0.00%
Invested Capital Q/Q Growth	22.24%	22.50%	8.86%	16.30%	27.07%	20.75%	9.57%	20.22%	13.33%	21.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.50%	68.75%	66.34%	65.10%	67.58%	67.10%	60.48%	58.67%	57.48%	53.57%
EBITDA Margin	24.89%	18.22%	15.74%	15.73%	18.41%	19.33%	12.32%	9.47%	4.42%	-3.44%
Operating Margin	18.54%	13.20%	9.92%	9.08%	11.79%	12.02%	4.22%	2.43%	-1.54%	-9.12%
EBIT Margin	19.75%	13.50%	9.80%	8.93%	11.96%	12.41%	4.44%	2.46%	-1.59%	-9.08%
Profit (Net Income) Margin	14.74%	11.99%	10.65%	11.07%	11.48%	11.51%	10.22%	2.24%	-1.67%	-9.15%
Tax Burden Percent	74.64%	88.78%	108.59%	124.02%	96.03%	92.72%	230.42%	91.17%	104.82%	100.76%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	25.36%	11.22%	-8.59%	-24.02%	3.97%	7.28%	-130.42%	8.83%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	22.04%	19.34%	16.65%	16.28%	18.39%	20.67%	21.42%	5.03%	-3.39%	-14.06%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	6.98%	3.73%	2.31%	2.60%	3.54%	3.51%	1.27%	0.58%	-0.35%	-2.22%
Return on Assets (ROA)	5.21%	3.31%	2.51%	3.22%	3.40%	3.25%	2.92%	0.53%	-0.36%	-2.24%
Return on Common Equity (ROCE)	22.04%	19.34%	16.65%	16.28%	18.39%	20.67%	21.42%	5.03%	-3.39%	-14.06%
Return on Equity Simple (ROE_SIMPLE)	20.01%	16.71%	14.80%	14.85%	16.40%	17.48%	18.14%	4.55%	-3.22%	-12.99%
Net Operating Profit after Tax (NOPAT)	194	138	92	72	64	52	37	6.65	-2.49	-9.74
NOPAT Margin	13.84%	11.72%	10.77%	11.26%	11.32%	11.15%	9.73%	2.22%	-1.08%	-6.38%
Net Nonoperating Expense Percent (NNEP)	0.40%	0.09%	-0.04%	-0.07%	0.06%	0.12%	0.15%	0.01%	-0.14%	-0.72%
Cost of Revenue to Revenue	31.50%	31.25%	33.66%	34.29%	32.42%	32.90%	39.52%	41.33%	42.52%	46.43%
SG&A Expenses to Revenue	13.36%	16.33%	19.20%	18.73%	18.75%	20.24%	20.99%	20.71%	20.63%	21.50%
R&D to Revenue	12.72%	13.96%	12.07%	11.99%	11.18%	10.76%	9.97%	9.70%	11.59%	13.01%
Operating Expenses to Revenue	49.96%	55.55%	56.42%	56.02%	55.79%	55.08%	56.26%	56.24%	59.02%	62.69%
Earnings before Interest and Taxes (EBIT)	277	159	84	57	67	58	17	7.37	-3.67	-14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	349	214	134	101	103	90	47	28	10	-5.26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.20	12.22	15.67	21.79	19.93	16.14	14.56	15.77	18.43	16.87
Price to Tangible Book Value (P/TBV)	9.55	16.61	23.80	26.98	24.37	19.11	18.32	20.18	24.03	22.06
Price to Revenue (P/Rev)	5.31	8.77	11.28	16.25	13.95	10.63	8.21	7.76	9.55	11.89
Price to Earnings (P/E)	35.98	73.14	105.92	146.78	121.52	92.34	80.29	346.42	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.78%	1.37%	0.94%	0.68%	0.82%	1.08%	1.25%	0.29%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.91	6.29	6.44	13.18	11.26	7.30	4.60	4.27	3.80	7.48
Enterprise Value to EBITDA (EV/EBITDA)	11.71	34.52	40.89	83.78	61.15	37.77	37.32	45.12	86.04	0.00
Enterprise Value to EBIT (EV/EBIT)	14.75	46.59	65.64	147.59	94.16	58.81	103.61	173.88	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	21.05	53.69	59.74	117.09	99.45	65.48	47.23	192.64	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	10.62	26.14	35.39	67.51	56.10	29.68	17.73	20.67	26.60	102.87
Enterprise Value to Free Cash Flow (EV/FCFF)	9.13	0.00	2.59	19.08	0.00	22.80	6.00	0.00	1.37	7.61
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.25	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.25	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-3.34	-4.83	-5.59	-4.00	-4.38	-5.61	-6.68	-8.88	-8.80	-5.88
Leverage Ratio	4.23	5.84	6.63	5.06	5.41	6.36	7.34	9.46	9.29	6.28
Compound Leverage Factor	4.23	5.84	6.63	5.06	5.41	6.36	7.34	9.46	9.29	6.28
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	20.29%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	20.29%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	79.71%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.97	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-14.64	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.97	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	1.57	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-23.81	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	1.57	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.27	2.89	1.73	3.78	3.61	2.53	1.80	1.73	1.20	1.95
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.13	1.10	1.03	1.09	1.18	1.10	1.08	1.09	1.05	1.11
Quick Ratio	0.14	0.11	0.04	0.11	0.21	0.11	0.11	0.11	0.07	0.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	448	-1,309	2,116	442	-65	150	289	-302	639	150
Operating Cash Flow to CapEx	488.45%	422.52%	294.87%	328.08%	266.37%	366.09%	262.28%	177.19%	134.81%	83.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.35	0.28	0.24	0.29	0.30	0.28	0.29	0.24	0.22	0.24
Accounts Receivable Turnover	48.29	57.52	77.44	114.30	120.96	119.74	137.46	161.25	165.02	163.23
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	22.49	18.51	13.90	10.11	8.21	7.08	7.35	8.88	10.77	10.46
Accounts Payable Turnover	59.73	50.53	45.54	73.28	63.76	44.31	59.25	67.62	66.54	40.98
Days Sales Outstanding (DSO)	7.56	6.35	4.71	3.19	3.02	3.05	2.66	2.26	2.21	2.24
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	6.11	7.22	8.01	4.98	5.72	8.24	6.16	5.40	5.49	8.91
Cash Conversion Cycle (CCC)	1.45	-0.88	-3.30	-1.79	-2.71	-5.19	-3.50	-3.13	-3.27	-6.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-2,321	-2,067	-3,514	-1,489	-1,120	-1,248	-1,151	-898	-1,207	-565
Invested Capital Turnover	-0.64	-0.42	-0.34	-0.49	-0.47	-0.39	-0.37	-0.29	-0.26	-0.31
Increase / (Decrease) in Invested Capital	-253	1,447	-2,025	-370	128	-98	-252	308	-642	-160
Enterprise Value (EV)	4,087	7,389	5,487	8,428	6,320	3,414	1,736	1,281	878	1,142
Market Capitalization	7,440	10,299	9,615	10,395	7,832	4,970	3,099	2,327	2,204	1,815
Book Value per Share	$18.31	$15.10	$11.13	$8.75	$7.32	$5.81	$4.04	$2.87	$2.34	$2.13
Tangible Book Value per Share	$13.81	$11.11	$7.33	$7.07	$5.99	$4.91	$3.21	$2.24	$1.80	$1.63
Total Capital	1,033	843	613	477	493	308	213	148	120	108
Total Debt	0.00	0.00	0.00	0.00	100	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	100	0.00	0.00	0.00	0.00	0.00
Net Debt	-3,354	-2,910	-4,128	-1,966	-1,513	-1,556	-1,364	-1,046	-1,326	-672
Capital Expenditures (CapEx)	79	67	53	38	42	31	37	35	24	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,947	-2,637	-4,016	-1,801	-1,358	-1,416	-1,256	-958	-1,257	-603
Debt-free Net Working Capital (DFNWC)	407	274	111	166	254	140	107	88	69	69
Net Working Capital (NWC)	407	274	111	166	254	140	107	88	69	69
Net Nonoperating Expense (NNE)	-13	-3.19	1.08	1.16	-0.91	-1.69	-1.85	-0.07	1.37	4.23
Net Nonoperating Obligations (NNO)	-3,354	-2,910	-4,128	-1,966	-1,513	-1,556	-1,364	-1,046	-1,326	-672
Total Depreciation and Amortization (D&A)	72	55	51	43	36	32	30	21	14	8.61
Debt-free, Cash-free Net Working Capital to Revenue	-210.10%	-224.46%	-471.05%	-281.54%	-242.01%	-302.83%	-332.73%	-319.29%	-544.92%	-395.02%
Debt-free Net Working Capital to Revenue	29.03%	23.30%	13.04%	25.94%	45.29%	29.97%	28.45%	29.35%	29.90%	45.38%
Net Working Capital to Revenue	29.03%	23.30%	13.04%	25.94%	45.29%	29.97%	28.45%	29.35%	29.90%	45.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.68	$2.53	$1.65	$1.30	$1.20	$1.02	$0.74	$0.13	($0.08)	($0.28)
Adjusted Weighted Average Basic Shares Outstanding	56.21M	55.71M	55.04M	54.32M	53.55M	52.91M	52.43M	51.42M	50.91M	50.13M
Adjusted Diluted Earnings per Share	$3.63	$2.49	$1.61	$1.26	$1.15	$0.97	$0.70	$0.12	($0.08)	($0.28)
Adjusted Weighted Average Diluted Shares Outstanding	56.98M	56.60M	56.45M	56.31M	55.81M	55.41M	54.89M	54.06M	50.91M	50.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.57M	55.92M	55.28M	54.60M	53.81M	53.08M	52.77M	51.75M	51.16M	50.71M
Normalized Net Operating Profit after Tax (NOPAT)	194	138	59	41	64	52	11	6.65	-2.49	-9.74
Normalized NOPAT Margin	13.84%	11.72%	6.94%	6.35%	11.32%	11.15%	2.96%	2.22%	-1.08%	-6.38%
Pre Tax Income Margin	19.75%	13.50%	9.80%	8.93%	11.96%	12.41%	4.44%	2.46%	-1.59%	-9.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	72.55%	0.00%	0.00%	0.00%	0.00%	65.01%	0.00%	0.00%	0.00%	-0.54%

This table displays calculated financial ratios and metrics derived from Paylocity's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.27%	15.51%	14.29%	15.83%	18.07%	19.54%	25.39%	36.44%	37.61%	38.56%	38.73%
EBITDA Growth	17.16%	1.79%	49.27%	32.90%	36.23%	122.42%	194.17%	105.82%	58.19%	58.66%	-5.31%
EBIT Growth	14.42%	-12.50%	55.10%	31.77%	35.69%	193.94%	541.26%	178.97%	73.19%	134.39%	-31.66%
NOPAT Growth	12.01%	5.37%	44.20%	26.76%	44.30%	126.92%	3.04%	131.14%	61.96%	51.13%	-0.71%
Net Income Growth	7.23%	-1.71%	43.62%	31.04%	48.07%	144.33%	13.72%	145.97%	65.34%	58.33%	-1.88%
EPS Growth	7.33%	-1.49%	44.26%	30.77%	47.06%	139.29%	12.96%	140.74%	64.52%	64.71%	-1.82%
Operating Cash Flow Growth	11.03%	-27.80%	47.17%	4.33%	31.55%	20.36%	279.22%	54.28%	62.15%	101.26%	496.59%
Free Cash Flow Firm Growth	-209.71%	-148.87%	-194.45%	121.14%	135.27%	-82.53%	121.82%	-169.19%	-153.59%	343.96%	-159.43%
Invested Capital Growth	17.75%	4.71%	13.02%	-12.26%	-11.89%	-5.74%	-10.64%	41.17%	30.82%	-67.48%	37.07%
Revenue Q/Q Growth	20.58%	3.86%	1.59%	-10.96%	22.96%	2.76%	2.96%	-9.24%	24.49%	7.79%	12.04%
EBITDA Q/Q Growth	111.76%	-19.96%	1.51%	-31.91%	84.16%	17.38%	-9.62%	-30.20%	200.39%	55.24%	-36.76%
EBIT Q/Q Growth	170.34%	-32.04%	0.59%	-38.09%	106.73%	20.47%	-14.54%	-36.25%	347.82%	162.82%	-62.82%
NOPAT Q/Q Growth	146.10%	-19.17%	2.93%	-45.30%	131.52%	10.62%	-9.52%	-37.73%	264.07%	-49.77%	102.97%
Net Income Q/Q Growth	144.18%	-24.42%	1.54%	-42.78%	123.83%	10.43%	-7.35%	-35.34%	269.33%	-48.60%	100.40%
EPS Q/Q Growth	143.94%	-25.00%	3.53%	-43.33%	123.88%	9.84%	-6.15%	-36.27%	264.29%	-48.15%	100.00%
Operating Cash Flow Q/Q Growth	243.17%	-40.73%	14.42%	-52.29%	123.16%	20.80%	-18.89%	-39.84%	104.18%	280.61%	-67.00%
Free Cash Flow Firm Q/Q Growth	-399.67%	57.57%	-169.23%	-25.25%	122.59%	-18.01%	115.49%	-24.74%	-210.26%	202.37%	-149.14%
Invested Capital Q/Q Growth	2.85%	-49.70%	27.26%	22.24%	-12.54%	-36.64%	6.12%	22.50%	-6.35%	-42.98%	50.08%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.43%	66.96%	68.33%	67.29%	71.10%	67.09%	68.05%	68.65%	71.84%	67.01%	66.62%
EBITDA Margin	33.48%	19.06%	24.73%	24.75%	32.37%	21.63%	18.94%	21.57%	28.05%	11.63%	8.07%
Operating Margin	27.95%	12.37%	17.67%	17.61%	26.49%	15.23%	12.97%	16.00%	23.65%	6.67%	2.80%
EBIT Margin	27.84%	12.42%	18.98%	19.17%	27.57%	16.39%	13.98%	16.85%	23.99%	6.67%	2.73%
Profit (Net Income) Margin	20.13%	9.94%	13.66%	13.66%	21.26%	11.68%	10.87%	12.08%	16.95%	5.71%	11.98%
Tax Burden Percent	72.28%	80.03%	71.96%	71.29%	77.13%	71.24%	77.72%	71.69%	70.68%	85.70%	438.23%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.72%	19.97%	28.04%	28.71%	22.87%	28.76%	22.28%	28.32%	29.32%	14.30%	-338.23%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	19.70%	20.49%	22.20%	22.04%	20.90%	20.13%	19.29%	19.34%	17.80%	16.20%	16.73%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	8.54%	3.80%	7.16%	6.77%	8.16%	5.03%	5.14%	4.65%	5.65%	2.04%	0.73%
Return on Assets (ROA)	6.17%	3.04%	5.16%	4.83%	6.29%	3.58%	3.99%	3.34%	3.99%	1.75%	3.20%
Return on Common Equity (ROCE)	19.70%	20.49%	22.20%	22.04%	20.90%	20.13%	19.29%	19.34%	17.80%	16.20%	16.73%
Return on Equity Simple (ROE_SIMPLE)	18.81%	18.87%	20.06%	0.00%	17.76%	16.97%	16.24%	0.00%	15.44%	14.16%	14.77%
Net Operating Profit after Tax (NOPAT)	92	37	46	45	82	35	32	35	57	16	31
NOPAT Margin	20.20%	9.90%	12.72%	12.55%	20.43%	10.85%	10.08%	11.47%	16.72%	5.72%	12.27%
Net Nonoperating Expense Percent (NNEP)	-0.01%	0.00%	0.12%	0.13%	0.09%	0.08%	0.10%	0.05%	0.02%	0.00%	-0.03%
Return On Investment Capital (ROIC_SIMPLE)	6.32%	2.49%	-	-	-	3.59%	-	-	-	-	-
Cost of Revenue to Revenue	28.57%	33.04%	31.67%	32.71%	28.90%	32.91%	31.95%	31.35%	28.16%	32.99%	33.38%
SG&A Expenses to Revenue	11.99%	14.99%	13.27%	12.67%	12.18%	13.28%	15.72%	14.90%	13.94%	17.58%	19.94%
R&D to Revenue	11.31%	14.90%	13.02%	12.37%	10.81%	14.14%	14.05%	13.15%	12.45%	15.03%	15.83%
Operating Expenses to Revenue	43.49%	54.59%	50.65%	49.68%	44.61%	51.86%	55.08%	52.65%	48.19%	60.34%	63.82%
Earnings before Interest and Taxes (EBIT)	127	47	69	68	111	54	44	52	82	18	6.93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	152	72	90	88	130	71	60	67	95	32	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.66	9.49	8.29	7.20	8.81	9.38	11.38	12.22	14.42	15.96	21.86
Price to Tangible Book Value (P/TBV)	16.40	18.49	10.79	9.55	11.40	12.49	15.32	16.61	20.11	23.27	33.44
Price to Revenue (P/Rev)	6.75	7.42	6.33	5.31	7.15	7.17	8.20	8.77	10.15	10.82	14.46
Price to Earnings (P/E)	46.05	50.28	41.33	35.98	49.60	55.29	70.08	73.14	92.43	112.72	148.05
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.17%	1.99%	2.42%	2.78%	2.02%	1.81%	1.43%	1.37%	1.08%	0.89%	0.68%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.39	4.95	4.40	2.91	4.13	4.35	5.91	6.29	7.00	7.63	11.90
Enterprise Value to EBITDA (EV/EBITDA)	16.92	19.53	16.83	11.71	17.11	19.21	28.88	34.52	42.53	52.70	82.59
Enterprise Value to EBIT (EV/EBIT)	21.90	25.17	21.14	14.75	21.49	24.30	37.37	46.59	61.06	84.00	136.70
Enterprise Value to NOPAT (EV/NOPAT)	30.94	35.33	30.60	21.05	30.30	35.20	52.40	53.69	64.84	78.93	120.27
Enterprise Value to Operating Cash Flow (EV/OCF)	16.54	18.88	15.39	10.62	14.68	16.48	22.31	26.14	29.91	36.87	62.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	87.19	0.00	9.13	11.15	18.52	22.44	0.00	0.00	6.89	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.28	0.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.20	0.28	0.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-3.36	-3.40	-2.82	-3.34	-4.03	-4.10	-3.46	-4.83	-5.89	-4.38	-5.21
Leverage Ratio	4.38	4.53	3.84	4.23	4.90	5.06	4.48	5.84	6.95	5.51	6.40
Compound Leverage Factor	4.38	4.53	3.84	4.23	4.90	5.06	4.48	5.84	6.95	5.51	6.40
Debt to Total Capital	16.78%	21.71%	22.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	16.78%	21.71%	22.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.22%	78.29%	77.29%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.61	0.86	0.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-9.11	-9.74	-7.38	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.61	0.86	0.86	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	1.11	1.55	1.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-16.65	-17.61	-13.42	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	1.11	1.55	1.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.31	2.25	2.79	2.11	2.15	2.18	2.89	2.80	2.47	2.43	3.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.13	1.14	1.32	1.13	1.13	1.11	1.12	1.10	1.06	1.04	1.03
Quick Ratio	0.14	0.14	0.33	0.14	0.14	0.12	0.13	0.11	0.08	0.05	0.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-438	-88	-207	298	399	179	219	-1,411	-1,131	1,026	-1,002
Operating Cash Flow to CapEx	1,017.68%	312.00%	521.47%	354.43%	814.15%	417.57%	352.14%	279.43%	972.73%	479.66%	122.29%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.31	0.38	0.35	0.30	0.31	0.37	0.28	0.24	0.31	0.27
Accounts Receivable Turnover	40.13	39.46	44.95	48.29	44.26	45.33	47.99	57.52	48.28	58.15	62.36
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	27.06	25.17	23.88	22.49	22.40	21.07	19.94	18.51	17.61	16.39	14.99
Accounts Payable Turnover	69.96	70.31	36.73	59.73	64.12	51.50	51.25	50.53	53.42	46.10	46.91
Days Sales Outstanding (DSO)	9.10	9.25	8.12	7.56	8.25	8.05	7.61	6.35	7.56	6.28	5.85
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	5.22	5.19	9.94	6.11	5.69	7.09	7.12	7.22	6.83	7.92	7.78
Cash Conversion Cycle (CCC)	3.88	4.06	-1.82	1.45	2.55	0.96	0.48	-0.88	0.73	-1.64	-1.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-2,455	-2,527	-1,688	-2,321	-2,984	-2,652	-1,941	-2,067	-2,667	-2,508	-1,754
Invested Capital Turnover	-0.57	-0.58	-0.80	-0.64	-0.48	-0.50	-0.67	-0.42	-0.33	-0.50	-0.41
Increase / (Decrease) in Invested Capital	530	125	253	-253	-317	-144	-187	1,447	1,188	-1,011	1,033
Enterprise Value (EV)	6,806	7,421	6,373	4,087	5,597	5,622	7,327	7,389	7,650	7,629	10,989
Market Capitalization	10,470	11,120	9,167	7,440	9,681	9,261	10,161	10,299	11,086	10,815	13,354
Book Value per Share	$21.63	$21.03	$19.90	$18.31	$19.52	$17.57	$15.96	$15.10	$13.78	$12.17	$11.05
Tangible Book Value per Share	$11.43	$10.79	$15.29	$13.81	$15.08	$13.20	$11.86	$11.11	$9.88	$8.35	$7.23
Total Capital	1,452	1,497	1,431	1,033	1,099	987	893	843	769	678	611
Total Debt	244	325	325	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	244	325	325	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-3,664	-3,699	-2,794	-3,354	-4,084	-3,639	-2,833	-2,910	-3,436	-3,186	-2,365
Capital Expenditures (CapEx)	18	17	18	23	21	18	18	27	13	13	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,429	-3,492	-2,323	-2,947	-3,603	-3,255	-2,523	-2,637	-3,225	-3,066	-2,297
Debt-free Net Working Capital (DFNWC)	478	532	796	407	481	384	311	274	211	120	68
Net Working Capital (NWC)	478	532	796	407	481	384	311	274	211	120	68
Net Nonoperating Expense (NNE)	0.34	-0.15	-3.41	-3.97	-3.34	-2.71	-2.51	-1.88	-0.81	0.00	0.71
Net Nonoperating Obligations (NNO)	-3,664	-3,699	-2,794	-3,354	-4,084	-3,639	-2,833	-2,910	-3,436	-3,186	-2,365
Total Depreciation and Amortization (D&A)	26	25	21	20	19	17	16	15	14	14	14
Debt-free, Cash-free Net Working Capital to Revenue	-220.99%	-233.06%	-160.47%	-210.10%	-266.13%	-251.87%	-203.62%	-224.46%	-295.25%	-306.79%	-248.75%
Debt-free Net Working Capital to Revenue	30.80%	35.48%	54.95%	29.03%	35.56%	29.70%	25.08%	23.30%	19.35%	12.00%	7.37%
Net Working Capital to Revenue	30.80%	35.48%	54.95%	29.03%	35.56%	29.70%	25.08%	23.30%	19.35%	12.00%	7.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.64	$0.67	$0.89	$0.87	$1.51	$0.68	$0.62	$0.67	$1.03	$0.28	$0.55
Adjusted Weighted Average Basic Shares Outstanding	55.81M	55.83M	55.64M	56.21M	56.37M	56.24M	56.04M	55.71M	55.79M	55.72M	55.45M
Adjusted Diluted Earnings per Share	$1.61	$0.66	$0.88	$0.85	$1.50	$0.67	$0.61	$0.65	$1.02	$0.28	$0.54
Adjusted Weighted Average Diluted Shares Outstanding	56.78M	56.74M	56.27M	56.98M	57.05M	56.86M	56.88M	56.60M	56.56M	56.47M	56.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.23M	55.89M	55.75M	55.57M	56.43M	56.33M	56.18M	55.92M	55.81M	55.77M	55.67M
Normalized Net Operating Profit after Tax (NOPAT)	92	37	46	45	82	35	32	35	57	16	4.96
Normalized NOPAT Margin	20.20%	9.90%	12.72%	12.55%	20.43%	10.85%	10.08%	11.47%	16.72%	5.72%	1.96%
Pre Tax Income Margin	27.84%	12.42%	18.98%	19.17%	27.57%	16.39%	13.98%	16.85%	23.99%	6.67%	2.73%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	106.04%	71.62%	0.00%	72.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Paylocity's Financials

When does Paylocity's financial year end?

According to the most recent income statement we have on file, Paylocity's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has Paylocity's net income changed over the last 9 years?

Paylocity's net income appears to be on an upward trend, with a most recent value of $206.77 million in 2024, falling from -$13.97 million in 2015. The previous period was $140.82 million in 2023. See where experts think Paylocity is headed by visiting Paylocity's forecast page.

What is Paylocity's operating income?

Paylocity's total operating income in 2024 was $260.09 million, based on the following breakdown:

Total Gross Profit: $960.79 million
Total Operating Expenses: $700.69 million

How has Paylocity revenue changed over the last 9 years?

Over the last 9 years, Paylocity's total revenue changed from $152.70 million in 2015 to $1.40 billion in 2024, a change of 818.5%.

How much debt does Paylocity have?

Paylocity's total liabilities were at $3.21 billion at the end of 2024, a 12.6% increase from 2023, and a 424.1% increase since 2015.

How much cash does Paylocity have?

In the past 9 years, Paylocity's cash and equivalents has ranged from $81.26 million in 2015 to $401.81 million in 2024, and is currently $401.81 million as of their latest financial filing in 2024.

How has Paylocity's book value per share changed over the last 9 years?

Over the last 9 years, Paylocity's book value per share changed from 2.13 in 2015 to 18.31 in 2024, a change of 761.4%.

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This page (NASDAQ:PCTY) was last updated on 5/29/2025 by MarketBeat.com Staff

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Paylocity (PCTY) Financials

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Paylocity (PCTY) Financials

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