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Paylocity (PCTY) Financials

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$153.34 +0.98 (+0.64%)
As of 08/21/2026 04:00 PM Eastern
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Annual Income Statements for Paylocity

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -3.85 6.72 39 54 64 71 91 141 207 227 270
Consolidated Net Income / (Loss)		 -3.85 6.72 39 54 64 71 91 141 207 227 270
Net Income / (Loss) Continuing Operations		 -3.85 6.72 39 54 64 71 91 141 207 227 270
Total Pre-Tax Income 		-3.67 7.37 17 58 67 57 84 159 277 309 387
Total Operating Income		 -3.55 7.30 16 56 66 58 85 155 260 304 386
Total Gross Profit		 133 176 228 314 379 416 566 808 961 1,097 1,226
Total Revenue		 231 300 378 468 561 640 853 1,175 1,403 1,595 1,771
Operating Revenue		 231 300 378 468 561 640 853 1,175 1,403 1,595 1,771
Total Cost of Revenue		 98 124 149 154 182 219 287 367 442 498 546
Operating Cost of Revenue		 98 124 149 154 182 219 287 367 442 498 546
Total Operating Expenses		 136 169 212 258 313 358 481 653 701 793 840
Selling, General & Admin Expense		 48 62 79 95 105 120 164 192 187 213 224
Marketing Expense		 62 78 95 113 145 162 214 297 335 374 394
Research & Development Expense		 27 29 38 50 63 77 103 164 178 206 221
Total Other Income / (Expense), net		 -0.12 0.07 0.80 1.82 0.95 -0.94 -1.00 3.59 17 5.04 1.31
Other Income / (Expense), net		 -0.12 0.07 0.80 1.82 0.95 -0.94 -1.00 3.59 17 5.04 1.31
Income Tax Expense		 0.18 0.65 -22 4.22 2.66 -14 -7.18 18 70 82 118
Basic Earnings per Share		 ($0.08) $0.13 $0.74 $1.02 $1.20 $1.30 $1.65 $2.53 $3.68 $4.08 $4.99
Weighted Average Basic Shares Outstanding		 50.91M 51.42M 52.43M 52.91M 53.55M 54.32M 55.04M 55.71M 56.21M 55.65M 54.08M
Diluted Earnings per Share		 ($0.08) $0.12 $0.70 $0.97 $1.15 $1.26 $1.61 $2.49 $3.63 $4.02 $4.92
Weighted Average Diluted Shares Outstanding		 50.91M 54.06M 54.89M 55.41M 55.81M 56.31M 56.45M 56.60M 56.98M 56.55M 54.77M
Weighted Average Basic & Diluted Shares Outstanding		 48.10M 51.70M 52.20M 52.80M 53.81M 54.60M 55.28M 55.92M 55.57M 55.16M 53.06M

Quarterly Income Statements for Paylocity

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 38 85 49 50 37 91 49 48 50 111 60
Consolidated Net Income / (Loss)		 38 85 49 50 37 91 49 48 50 111 60
Net Income / (Loss) Continuing Operations		 38 85 49 50 37 91 49 48 50 111 60
Total Pre-Tax Income 		54 111 68 69 47 127 67 75 70 157 85
Total Operating Income		 50 106 63 64 47 127 66 74 70 157 84
Total Gross Profit		 219 285 240 248 252 325 272 280 282 363 300
Total Revenue		 326 401 357 363 377 455 401 408 416 502 445
Operating Revenue		 326 401 357 363 377 455 401 408 416 502 445
Total Cost of Revenue		 107 116 117 115 125 130 129 128 134 139 144
Operating Cost of Revenue		 107 116 117 115 125 130 129 128 134 139 144
Total Operating Expenses		 169 179 177 184 206 198 206 206 212 206 216
Selling, General & Admin Expense		 43 49 45 48 57 54 54 54 56 58 57
Marketing Expense		 80 87 88 88 93 92 101 96 98 96 104
Research & Development Expense		 46 43 44 47 56 51 51 56 58 53 56
Total Other Income / (Expense), net		 3.80 4.32 5.57 4.74 0.19 -0.47 0.57 0.70 -0.20 0.06 0.75
Other Income / (Expense), net		 3.80 4.32 5.57 4.74 0.19 -0.47 0.57 0.70 -0.20 0.06 0.75
Income Tax Expense		 15 25 20 19 9.35 35 18 27 20 46 25
Basic Earnings per Share		 $0.68 $1.51 $0.87 $0.89 $0.67 $1.64 $0.88 $0.87 $0.93 $2.07 $1.12
Weighted Average Basic Shares Outstanding		 56.24M 56.37M 56.21M 55.64M 55.83M 55.81M 55.65M 55.01M 54.09M 53.72M 54.08M
Diluted Earnings per Share		 $0.67 $1.50 $0.85 $0.88 $0.66 $1.61 $0.87 $0.86 $0.92 $2.05 $1.09
Weighted Average Diluted Shares Outstanding		 56.86M 57.05M 56.98M 56.27M 56.74M 56.78M 56.55M 55.86M 54.77M 54.27M 54.77M
Weighted Average Basic & Diluted Shares Outstanding		 56.33M 56.43M 55.57M 55.75M 55.89M 55.23M 55.16M 54.38M 53.88M 53.54M 53.06M

Annual Cash Flow Statements for Paylocity

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Net Change in Cash & Equivalents		 5.24 -280 194 186 66 454 1,848 -1,372 424 -363 387
Net Cash From Operating Activities		 33 62 98 115 113 125 155 283 385 418 533
Net Cash From Continuing Operating Activities		 33 62 98 115 113 125 155 283 385 418 533
Net Income / (Loss) Continuing Operations		 -3.85 6.72 39 54 64 71 91 141 207 227 270
Consolidated Net Income / (Loss)		 -3.85 6.72 39 54 64 71 91 141 207 227 270
Depreciation Expense		 14 21 30 35 38 43 50 61 76 100 112
Amortization Expense		 - - -0.44 -2.23 -1.68 0.52 0.38 -5.41 -4.38 -2.03 -1.50
Non-Cash Adjustments To Reconcile Net Income		 18 30 43 47 48 64 97 150 147 145 142
Changes in Operating Assets and Liabilities, net		 4.54 4.29 -13 -18 -36 -53 -83 -64 -41 -52 11
Net Cash From Investing Activities		 -673 -38 -179 -43 -49 48 -480 -220 -102 -456 -155
Net Cash From Continuing Investing Activities		 -673 -38 -179 -43 -49 48 -480 -220 -102 -456 -155
Purchase of Property, Plant & Equipment		 -24 -35 -37 -31 -42 -38 -53 -67 -79 -75 -105
Acquisitions		 -0.48 - -6.66 0.00 -17 -15 -108 0.00 -12 -278 -49
Purchase of Investments		 - - -197 -251 -400 0.00 -434 -599 -304 -261 -271
Sale and/or Maturity of Investments		 - - 73 246 411 101 117 447 294 160 272
Other Investing Activities, net		 -648 -2.85 -12 -7.48 0.00 0.00 -2.50 -1.10 -1.08 -1.29 -0.89
Net Cash From Financing Activities		 646 -304 275 115 2.09 280 2,172 -1,435 142 -326 8.98
Net Cash From Continuing Financing Activities		 646 -304 275 115 2.09 280 2,172 -1,435 142 -326 8.98
Repayment of Debt		 - - 0.00 0.00 -0.70 -100 -50 -0.89 -0.07 -163 -82
Repurchase of Common Equity		 - - 0.00 -35 - - 0.00 0.00 -150 -150 -398
Issuance of Debt		 - - 0.00 0.00 100 0.00 50 0.00 0.00 325 0.00
Issuance of Common Equity		 2.99 3.68 4.30 5.98 8.90 12 14 17 19 20 18
Other Financing Activities, net		 643 -308 271 144 -106 368 2,158 -1,451 273 -358 470
Cash Interest Paid		 - - 0.00 0.00 0.44 0.87 0.31 0.40 0.49 13 5.57

Quarterly Cash Flow Statements for Paylocity

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 775 451 -731 -240 920 -134 -910 -161 2,741 -1,532 -661
Net Cash From Operating Activities		 75 168 80 91 54 186 87 86 117 218 112
Net Cash From Continuing Operating Activities		 75 168 80 91 54 186 87 86 117 218 112
Net Income / (Loss) Continuing Operations		 38 85 49 50 37 91 49 48 50 111 60
Consolidated Net Income / (Loss)		 38 85 49 50 37 91 49 48 50 111 60
Depreciation Expense		 18 20 21 22 26 26 26 27 28 27 29
Amortization Expense		 -1.29 -1.01 -0.69 -0.66 -0.62 -0.36 -0.39 -0.41 -0.41 -0.34 -0.34
Non-Cash Adjustments To Reconcile Net Income		 39 36 32 34 44 36 31 39 43 32 28
Changes in Operating Assets and Liabilities, net		 -20 27 -21 -13 -53 33 -19 -27 -3.63 47 -5.19
Net Cash From Investing Activities		 -53 -14 -25 -13 -288 -28 -127 -18 -9.80 -26 -101
Net Cash From Continuing Investing Activities		 -53 -14 -25 -13 -288 -28 -127 -18 -9.80 -26 -101
Purchase of Property, Plant & Equipment		 -18 -21 -23 -18 -17 -18 -22 -19 -19 -26 -41
Acquisitions		 - -0.02 - - - 0.15 - - - - -49
Purchase of Investments		 -72 -67 -73 -20 -46 -56 -139 -30 -85 -145 -11
Sale and/or Maturity of Investments		 50 72 72 25 55 43 37 32 94 142 3.44
Other Investing Activities, net		 -0.18 1.37 -1.86 -0.64 -1.31 3.25 -2.60 -0.34 0.33 2.24 -3.12
Net Cash From Financing Activities		 752 298 -786 -318 1,154 -292 -869 -230 2,633 -1,723 -672
Net Cash From Continuing Financing Activities		 752 298 -786 -318 1,154 -292 -869 -230 2,633 -1,723 -672
Repayment of Debt		 13 -13 -0.04 -0.01 -0.01 -82 -81 -81 -0.33 -0.02 -0.01
Repurchase of Common Equity		 - - - 0.00 - -83 -59 -200 -100 -50 -48
Issuance of Common Equity		 - - 9.61 - - - 9.12 - - - 8.69
Other Financing Activities, net		 729 311 -646 -643 1,152 -128 -739 52 2,724 -1,673 -632
Cash Interest Paid		 0.12 0.13 0.12 0.12 5.06 4.37 3.21 2.33 1.13 1.06 1.06

Annual Balance Sheets for Paylocity

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
Total Assets		 1,391 1,137 1,508 1,804 1,986 2,415 4,809 3,696 4,245 4,389 4,884
Total Current Assets		 1,335 1,063 1,378 1,596 1,663 2,033 4,232 3,048 3,524 3,312 3,723
Cash & Equivalents		 86 103 137 132 251 202 140 289 402 398 272
Restricted Cash		 1,240 942 1,226 1,394 1,327 1,760 3,988 2,621 2,952 2,704 3,211
Accounts Receivable		 1.68 2.04 3.45 4.36 4.92 6.27 16 25 33 42 50
Prepaid Expenses		 7.41 15 11 14 13 16 29 35 40 51 58
Other Current Assets		 - - - 22 32 44 60 78 98 117 133
Plant, Property, & Equipment, net		 27 41 62 70 67 60 63 64 61 54 71
Total Noncurrent Assets		 29 34 67 138 256 322 514 583 660 1,023 1,090
Goodwill		 6.00 6.00 9.59 9.59 22 34 102 102 109 343 379
Intangible Assets		 22 26 34 38 50 58 107 121 145 93 86
Noncurrent Deferred & Refundable Income Taxes		 - - 22 6.47 4.96 12 19 16 18 18 11
Other Noncurrent Operating Assets		 0.85 1.54 1.50 83 179 219 286 345 389 570 613
Total Liabilities & Shareholders' Equity		 1,391 1,137 1,508 1,804 1,986 2,415 4,809 3,696 4,245 4,389 4,884
Total Liabilities		 1,271 990 1,295 1,496 1,593 1,938 4,196 2,853 3,212 3,156 3,663
Total Current Liabilities		 1,266 975 1,271 1,456 1,409 1,867 4,121 2,775 3,117 2,905 3,420
Accounts Payable		 1.62 2.05 2.99 3.95 1.76 4.23 8.37 6.15 8.64 17 11
Accrued Expenses		 25 30 42 58 80 103 124 143 158 193 200
Other Current Liabilities		 1,240 942 1,226 1,394 1,327 1,760 3,988 2,625 2,950 2,695 3,209
Total Noncurrent Liabilities		 4.90 15 24 40 184 71 75 78 95 250 243
Long-Term Debt		 - - - 0.00 100 - - - 0.00 163 81
Noncurrent Deferred & Payable Income Tax Liabilities		 0.25 0.40 - 6.94 8.75 1.78 2.22 12 42 33 106
Other Noncurrent Operating Liabilities		 - - 1.12 1.72 75 69 73 66 53 55 55
Total Equity & Noncontrolling Interests		 120 148 213 308 393 477 613 843 1,033 1,234 1,221
Total Preferred & Common Equity		 120 148 213 308 393 477 613 843 1,033 1,234 1,221
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 120 148 213 308 393 477 613 843 1,033 1,234 1,221
Common Stock		 172 193 220 208 228 242 290 381 361 328 52
Retained Earnings		 -52 -45 -6.68 100 164 235 326 467 673 901 1,170
Accumulated Other Comprehensive Income / (Loss)		 - - -0.14 0.11 0.68 0.07 -2.30 -4.52 -0.94 5.59 -1.23

Quarterly Balance Sheets for Paylocity

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 12/31/2022 3/31/2023 9/30/2023 12/31/2023 3/31/2024 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Total Assets		 3,938 4,194 3,647 4,493 4,953 4,025 5,294 5,168 4,236 6,973 5,444
Total Current Assets		 3,309 3,566 2,983 3,807 4,247 3,296 4,237 4,103 3,163 5,894 4,358
Cash & Equivalents		 120 234 305 367 493 779 482 478 165 162 300
Restricted Cash		 3,066 3,202 2,528 3,272 3,591 2,340 3,542 3,430 2,776 5,510 3,838
Accounts Receivable		 25 27 30 32 34 34 43 44 42 44 48
Prepaid Expenses		 30 29 37 49 36 41 63 40 59 53 43
Other Current Assets		 69 74 82 87 92 102 107 112 121 125 128
Plant, Property, & Equipment, net		 60 60 63 63 61 58 56 54 52 54 57
Total Noncurrent Assets		 569 567 601 623 646 671 1,001 1,011 1,021 1,024 1,029
Goodwill		 102 102 102 110 109 109 343 343 343 343 343
Intangible Assets		 111 116 128 136 142 148 228 227 221 217 217
Noncurrent Deferred & Refundable Income Taxes		 41 18 16 17 19 17 20 18 14 14 12
Other Noncurrent Operating Assets		 316 332 355 361 377 397 410 423 443 450 457
Total Liabilities & Shareholders' Equity		 3,938 4,194 3,647 4,493 4,953 4,025 5,294 5,168 4,236 6,973 5,444
Total Liabilities		 3,260 3,425 2,754 3,506 3,854 2,919 4,122 3,959 3,133 5,874 4,264
Total Current Liabilities		 3,189 3,355 2,672 3,423 3,765 2,501 3,706 3,625 2,945 5,678 4,038
Accounts Payable		 7.61 7.97 8.75 7.97 5.18 16 5.46 8.72 6.01 7.30 12
Accrued Expenses		 116 144 132 147 171 156 162 194 174 172 192
Other Current Liabilities		 3,066 3,202 2,532 3,268 3,589 2,329 3,538 3,423 2,765 5,499 3,834
Total Noncurrent Liabilities		 71 70 82 83 88 418 416 334 187 196 226
Long-Term Debt		 - - - - - 325 325 244 81 81 81
Noncurrent Deferred & Payable Income Tax Liabilities		 2.22 2.22 18 28 34 41 36 34 51 62 88
Other Noncurrent Operating Liabilities		 69 68 64 55 55 52 55 57 55 53 56
Total Equity & Noncontrolling Interests		 678 769 893 987 1,099 1,106 1,172 1,209 1,103 1,098 1,181
Total Preferred & Common Equity		 678 769 893 987 1,099 1,106 1,172 1,209 1,103 1,098 1,181
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 678 769 893 987 1,099 1,106 1,172 1,209 1,103 1,098 1,181
Common Stock		 310 342 396 447 475 377 411 353 149 93 69
Retained Earnings		 372 429 501 539 625 723 760 852 949 999 1,110
Accumulated Other Comprehensive Income / (Loss)		 -4.16 -2.24 -4.40 0.53 -0.69 5.88 0.22 3.71 6.27 6.34 1.21

Annual Metrics And Ratios for Paylocity

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 6/30/2016 6/30/2017 6/30/2018 6/30/2019 6/30/2020 6/30/2021 6/30/2022 6/30/2023 6/30/2024 6/30/2025 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - - 53,544,058.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 53,544,058.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 5.04
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 51.08% 30.04% 25.84% 23.87% 20.04% 13.93% 33.32% 37.76% 19.40% 13.74% 11.04%
EBITDA Growth		 293.97% 178.42% 63.79% 94.32% 14.35% -2.67% 33.40% 59.52% 63.06% 16.50% 22.36%
EBIT Growth		 73.51% 300.57% 127.32% 246.52% 15.63% -14.92% 46.39% 89.74% 74.65% 11.57% 25.32%
NOPAT Growth		 74.50% 367.66% 452.51% 41.86% 21.89% 13.28% 27.61% 49.83% 41.05% 15.09% 20.32%
Net Income Growth		 72.44% 274.45% 474.55% 39.45% 19.75% 9.87% 28.18% 55.13% 46.83% 9.85% 18.76%
EPS Growth		 71.43% 250.00% 483.33% 38.57% 18.56% 9.57% 27.78% 54.66% 45.78% 10.74% 22.39%
Operating Cash Flow Growth		 197.10% 87.86% 57.90% 17.54% -2.07% 10.83% 24.19% 82.34% 36.06% 8.72% 27.50%
Free Cash Flow Firm Growth		 325.61% -147.18% 195.88% -48.22% -143.38% 780.05% 379.19% -161.85% 134.19% -187.44% 289.72%
Invested Capital Growth		 -113.59% 25.55% -28.10% -8.48% 10.29% -33.01% -135.92% 41.17% -12.26% 26.49% -27.77%
Revenue Q/Q Growth		 9.41% 5.72% 5.76% 5.35% 1.85% 6.81% 6.86% 7.54% 3.61% 2.80% 2.55%
EBITDA Q/Q Growth		 6.76% 18.16% 2.89% 18.45% -2.43% 4.09% 10.13% 19.02% 6.69% 1.10% 4.45%
EBIT Q/Q Growth		 -36.78% 37.79% -8.07% 33.92% -5.37% 5.42% 13.01% 26.61% 6.34% -0.54% 4.98%
NOPAT Q/Q Growth		 -27.97% 21.39% 4.32% 28.46% -6.44% 10.45% 3.71% 16.66% 5.09% 1.56% 4.50%
Net Income Q/Q Growth		 -34.27% 30.45% 6.31% 28.06% -7.59% 10.85% 3.73% 18.62% 5.92% -0.09% 4.53%
EPS Q/Q Growth		 -60.00% 50.00% 6.06% 27.63% -8.00% 12.50% 3.21% 18.01% 5.83% 0.50% 4.68%
Operating Cash Flow Q/Q Growth		 10.08% 31.14% 11.23% 6.83% -8.16% 11.85% 7.32% 10.54% 0.87% 1.61% 4.99%
Free Cash Flow Firm Q/Q Growth		 -5.19% -15.70% 59.06% -56.37% -329.89% 42.79% -2.23% -22.32% -10.81% -26.40% 9.43%
Invested Capital Q/Q Growth		 13.33% 20.22% 9.57% 20.75% 27.07% 16.30% 8.86% 22.50% 22.24% 30.51% 24.21%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 57.48% 58.67% 60.48% 67.10% 67.58% 65.10% 66.34% 68.75% 68.50% 68.77% 69.19%
EBITDA Margin		 4.42% 9.47% 12.32% 19.33% 18.41% 15.73% 15.74% 18.22% 24.89% 25.49% 28.09%
Operating Margin		 -1.54% 2.43% 4.22% 12.02% 11.79% 9.08% 9.92% 13.20% 18.54% 19.06% 21.79%
EBIT Margin		 -1.59% 2.46% 4.44% 12.41% 11.96% 8.93% 9.80% 13.50% 19.75% 19.37% 21.87%
Profit (Net Income) Margin		 -1.67% 2.24% 10.22% 11.51% 11.48% 11.07% 10.65% 11.99% 14.74% 14.24% 15.23%
Tax Burden Percent		 104.82% 91.17% 230.42% 92.72% 96.03% 124.02% 108.59% 88.78% 74.64% 73.49% 69.65%
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		 0.00% 8.83% -130.42% 7.28% 3.97% -24.02% -8.59% 11.22% 25.36% 26.51% 30.35%
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)		 -3.39% 5.03% 21.42% 20.67% 18.39% 16.28% 16.65% 19.34% 22.04% 20.04% 21.97%
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)		 -0.35% 0.58% 1.27% 3.51% 3.54% 2.60% 2.31% 3.73% 6.98% 7.16% 8.35%
Return on Assets (ROA)		 -0.36% 0.53% 2.92% 3.25% 3.40% 3.22% 2.51% 3.31% 5.21% 5.26% 5.82%
Return on Common Equity (ROCE)		 -3.39% 5.03% 21.42% 20.67% 18.39% 16.28% 16.65% 19.34% 22.04% 20.04% 21.97%
Return on Equity Simple (ROE_SIMPLE)		 -3.22% 4.55% 18.14% 17.48% 16.40% 14.85% 14.80% 16.71% 20.01% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.49 6.65 37 52 64 72 92 138 194 223 269
NOPAT Margin		 -1.08% 2.22% 9.73% 11.15% 11.32% 11.26% 10.77% 11.72% 13.84% 14.01% 15.18%
Net Nonoperating Expense Percent (NNEP)		 -0.14% 0.01% 0.15% 0.12% 0.06% -0.07% -0.04% 0.09% 0.40% 0.12% 0.03%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - 16.00% 20.64%
Cost of Revenue to Revenue		 42.52% 41.33% 39.52% 32.90% 32.42% 34.29% 33.66% 31.25% 31.50% 31.23% 30.81%
SG&A Expenses to Revenue		 20.63% 20.71% 20.99% 20.24% 18.75% 18.73% 19.20% 16.33% 13.36% 13.35% 12.66%
R&D to Revenue		 11.59% 9.70% 9.97% 10.76% 11.18% 11.99% 12.07% 13.96% 12.72% 12.90% 12.50%
Operating Expenses to Revenue		 59.02% 56.24% 56.26% 55.08% 55.79% 56.02% 56.42% 55.55% 49.96% 49.71% 47.39%
Earnings before Interest and Taxes (EBIT)		 -3.67 7.37 17 58 67 57 84 159 277 309 387
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10 28 47 90 103 101 134 214 349 407 498
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 18.43 15.77 14.56 16.14 19.93 21.79 15.67 12.22 7.20 8.11 4.58
Price to Tangible Book Value (P/TBV)		 24.03 20.18 18.32 19.11 24.37 26.98 23.80 16.61 9.55 15.03 7.40
Price to Revenue (P/Rev)		 9.55 7.76 8.21 10.63 13.95 16.25 11.28 8.77 5.31 6.27 3.16
Price to Earnings (P/E)		 0.00 346.42 80.29 92.34 121.52 146.78 105.92 73.14 35.98 44.06 20.75
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		 0.00% 0.29% 1.25% 1.08% 0.82% 0.68% 0.94% 1.37% 2.78% 2.27% 4.82%
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)		 3.80 4.27 4.60 7.30 11.26 13.18 6.44 6.29 2.91 4.43 1.24
Enterprise Value to EBITDA (EV/EBITDA)		 86.04 45.12 37.32 37.77 61.15 83.78 40.89 34.52 11.71 17.38 4.41
Enterprise Value to EBIT (EV/EBIT)		 0.00 173.88 103.61 58.81 94.16 147.59 65.64 46.59 14.75 22.87 5.67
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 192.64 47.23 65.48 99.45 117.09 59.74 53.69 21.05 31.63 8.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 26.60 20.67 17.73 29.68 56.10 67.51 35.39 26.14 10.62 16.90 4.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.37 0.00 6.00 22.80 0.00 19.08 2.59 0.00 9.13 0.00 2.96
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.25 0.00 0.00 0.00 0.00 0.13 0.07
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.25 0.00 0.00 0.00 0.00 0.13 0.07
Financial Leverage		 -8.80 -8.88 -6.68 -5.61 -4.38 -4.00 -5.59 -4.83 -3.34 -2.78 -2.58
Leverage Ratio		 9.29 9.46 7.34 6.36 5.41 5.06 6.63 5.84 4.23 3.81 3.78
Compound Leverage Factor		 9.29 9.46 7.34 6.36 5.41 5.06 6.63 5.84 4.23 3.81 3.78
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 20.29% 0.00% 0.00% 0.00% 0.00% 11.64% 6.24%
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		 0.00% 0.00% 0.00% 0.00% 20.29% 0.00% 0.00% 0.00% 0.00% 11.64% 6.24%
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		 100.00% 100.00% 100.00% 100.00% 79.71% 100.00% 100.00% 100.00% 100.00% 88.36% 93.76%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.97 0.00 0.00 0.00 0.00 0.40 0.16
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 -14.64 0.00 0.00 0.00 0.00 -7.23 -6.84
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.97 0.00 0.00 0.00 0.00 0.40 0.16
Debt to NOPAT		 0.00 0.00 0.00 0.00 1.57 0.00 0.00 0.00 0.00 0.73 0.30
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 -23.81 0.00 0.00 0.00 0.00 -13.16 -12.65
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 1.57 0.00 0.00 0.00 0.00 0.73 0.30
Altman Z-Score		 1.20 1.73 1.80 2.53 3.61 3.78 1.73 2.89 2.27 2.90 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% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.05 1.09 1.08 1.10 1.18 1.09 1.03 1.10 1.13 1.14 1.09
Quick Ratio		 0.07 0.11 0.11 0.11 0.21 0.11 0.04 0.11 0.14 0.15 0.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 639 -302 289 150 -65 442 2,116 -1,309 448 -391 743
Operating Cash Flow to CapEx		 134.81% 177.19% 262.28% 366.09% 266.37% 328.08% 294.87% 422.52% 488.45% 554.13% 505.67%
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		 0.22 0.24 0.29 0.28 0.30 0.29 0.24 0.28 0.35 0.37 0.38
Accounts Receivable Turnover		 165.02 161.25 137.46 119.74 120.96 114.30 77.44 57.52 48.29 42.75 38.62
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		 10.77 8.88 7.35 7.08 8.21 10.11 13.90 18.51 22.49 27.78 28.20
Accounts Payable Turnover		 66.54 67.62 59.25 44.31 63.76 73.28 45.54 50.53 59.73 38.35 38.59
Days Sales Outstanding (DSO)		 2.21 2.26 2.66 3.05 3.02 3.19 4.71 6.35 7.56 8.54 9.45
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)		 5.49 5.40 6.16 8.24 5.72 4.98 8.01 7.22 6.11 9.52 9.46
Cash Conversion Cycle (CCC)		 -3.27 -3.13 -3.50 -5.19 -2.71 -1.79 -3.30 -0.88 1.45 -0.98 -0.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -1,207 -898 -1,151 -1,248 -1,120 -1,489 -3,514 -2,067 -2,321 -1,706 -2,180
Invested Capital Turnover		 -0.26 -0.29 -0.37 -0.39 -0.47 -0.49 -0.34 -0.42 -0.64 -0.79 -0.91
Increase / (Decrease) in Invested Capital		 -642 308 -252 -98 128 -370 -2,025 1,447 -253 615 -474
Enterprise Value (EV)		 878 1,281 1,736 3,414 6,320 8,428 5,487 7,389 4,087 7,067 2,196
Market Capitalization		 2,204 2,327 3,099 4,970 7,832 10,395 9,615 10,299 7,440 10,007 5,597
Book Value per Share		 $2.34 $2.87 $4.04 $5.81 $7.32 $8.75 $11.13 $15.10 $18.31 $22.34 $22.81
Tangible Book Value per Share		 $1.80 $2.24 $3.21 $4.91 $5.99 $7.07 $7.33 $11.11 $13.81 $12.05 $14.13
Total Capital		 120 148 213 308 493 477 613 843 1,033 1,396 1,303
Total Debt		 0.00 0.00 0.00 0.00 100 0.00 0.00 0.00 0.00 163 81
Total Long-Term Debt		 0.00 0.00 0.00 0.00 100 0.00 0.00 0.00 0.00 163 81
Net Debt		 -1,326 -1,046 -1,364 -1,556 -1,513 -1,966 -4,128 -2,910 -3,354 -2,940 -3,401
Capital Expenditures (CapEx)		 24 35 37 31 42 38 53 67 79 75 105
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1,257 -958 -1,256 -1,416 -1,358 -1,801 -4,016 -2,637 -2,947 -2,696 -3,180
Debt-free Net Working Capital (DFNWC)		 69 88 107 140 254 166 111 274 407 407 303
Net Working Capital (NWC)		 69 88 107 140 254 166 111 274 407 407 303
Net Nonoperating Expense (NNE)		 1.37 -0.07 -1.85 -1.69 -0.91 1.16 1.08 -3.19 -13 -3.70 -0.91
Net Nonoperating Obligations (NNO)		 -1,326 -1,046 -1,364 -1,556 -1,513 -1,966 -4,128 -2,910 -3,354 -2,940 -3,401
Total Depreciation and Amortization (D&A)		 14 21 30 32 36 43 51 55 72 98 110
Debt-free, Cash-free Net Working Capital to Revenue		 -544.92% -319.29% -332.73% -302.83% -242.01% -281.54% -471.05% -224.46% -210.10% -168.97% -179.50%
Debt-free Net Working Capital to Revenue		 29.90% 29.35% 28.45% 29.97% 45.29% 25.94% 13.04% 23.30% 29.03% 25.49% 17.10%
Net Working Capital to Revenue		 29.90% 29.35% 28.45% 29.97% 45.29% 25.94% 13.04% 23.30% 29.03% 25.49% 17.10%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.08) $0.13 $0.74 $1.02 $1.20 $1.30 $1.65 $2.53 $3.68 $4.08 $4.99
Adjusted Weighted Average Basic Shares Outstanding		 50.91M 51.42M 52.43M 52.91M 53.55M 54.32M 55.04M 55.71M 56.21M 55.65M 54.08M
Adjusted Diluted Earnings per Share		 ($0.08) $0.12 $0.70 $0.97 $1.15 $1.26 $1.61 $2.49 $3.63 $4.02 $4.92
Adjusted Weighted Average Diluted Shares Outstanding		 50.91M 54.06M 54.89M 55.41M 55.81M 56.31M 56.45M 56.60M 56.98M 56.55M 54.77M
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		 51.16M 51.75M 52.77M 53.08M 53.81M 54.60M 55.28M 55.92M 55.57M 55.16M 53.06M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.49 6.65 11 52 64 41 59 138 194 223 269
Normalized NOPAT Margin		 -1.08% 2.22% 2.96% 11.15% 11.32% 6.35% 6.94% 11.72% 13.84% 14.01% 15.18%
Pre Tax Income Margin		 -1.59% 2.46% 4.44% 12.41% 11.96% 8.93% 9.80% 13.50% 19.75% 19.37% 21.87%
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		 0.00% 0.00% 0.00% 65.01% 0.00% 0.00% 0.00% 0.00% 72.55% 65.88% 147.59%

Quarterly Metrics And Ratios for Paylocity

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 53,876,692.00 53,544,058.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 53,876,692.00 53,544,058.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 2.06 1.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 19.54% 18.07% 15.83% 14.29% 15.51% 13.27% 12.16% 12.46% 10.39% 10.50% 10.98%
EBITDA Growth		 122.42% 36.23% 32.90% 49.27% 1.79% 17.16% 5.00% 13.57% 35.77% 20.91% 22.84%
EBIT Growth		 193.94% 35.69% 31.77% 55.10% -12.50% 14.42% -2.46% 8.75% 49.90% 24.08% 27.51%
NOPAT Growth		 126.92% 44.30% 26.76% 44.20% 5.37% 12.01% 7.46% 2.99% 34.93% 21.11% 24.03%
Net Income Growth		 144.33% 48.07% 31.04% 43.62% -1.71% 7.23% -0.44% -3.19% 33.98% 21.61% 24.06%
EPS Growth		 139.29% 47.06% 30.77% 44.26% -1.49% 7.33% 2.35% -2.27% 39.39% 27.33% 25.29%
Operating Cash Flow Growth		 20.36% 31.55% 4.33% 47.17% -27.80% 11.03% 8.30% -5.47% 115.86% 17.15% 29.25%
Free Cash Flow Firm Growth		 -82.53% 135.27% 121.14% -194.45% -148.87% -209.71% -289.94% 155.94% 2,401.35% 221.64% 194.16%
Invested Capital Growth		 -5.74% -11.89% -12.26% 13.02% 4.71% 17.75% 26.49% -4.03% -77.81% -17.17% -27.77%
Revenue Q/Q Growth		 2.76% 22.96% -10.96% 1.59% 3.86% 20.58% -11.84% 1.86% 1.95% 20.70% -11.46%
EBITDA Q/Q Growth		 17.38% 84.16% -31.91% 1.51% -19.96% 111.76% -38.97% 9.79% -4.31% 88.58% -38.00%
EBIT Q/Q Growth		 20.47% 106.73% -38.09% 0.59% -32.04% 170.34% -47.22% 12.15% -6.32% 123.77% -45.76%
NOPAT Q/Q Growth		 10.62% 131.52% -45.30% 2.93% -19.17% 146.10% -47.52% -1.35% 5.89% 120.90% -46.25%
Net Income Q/Q Growth		 10.43% 123.83% -42.78% 1.54% -24.42% 144.18% -46.87% -1.27% 4.60% 121.63% -45.80%
EPS Q/Q Growth		 9.84% 123.88% -43.33% 3.53% -25.00% 143.94% -45.96% -1.15% 6.98% 122.83% -46.83%
Operating Cash Flow Q/Q Growth		 20.80% 123.16% -52.29% 14.42% -40.73% 243.17% -53.46% -0.13% 35.33% 86.24% -48.65%
Free Cash Flow Firm Q/Q Growth		 -18.01% 122.59% -25.25% -169.23% 57.57% -399.67% -29.42% 120.39% 1,645.41% -73.59% 0.18%
Invested Capital Q/Q Growth		 -36.64% -12.54% 22.24% 27.26% -49.70% 2.85% 30.51% -2.94% -155.87% 35.99% 24.21%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 67.09% 71.10% 67.29% 68.33% 66.96% 71.43% 67.84% 68.55% 67.80% 72.31% 67.54%
EBITDA Margin		 21.63% 32.37% 24.75% 24.73% 19.06% 33.48% 23.17% 24.98% 23.45% 36.63% 25.65%
Operating Margin		 15.23% 26.49% 17.61% 17.67% 12.37% 27.95% 16.53% 18.18% 16.91% 31.25% 18.98%
EBIT Margin		 16.39% 27.57% 19.17% 18.98% 12.42% 27.84% 16.67% 18.35% 16.86% 31.26% 19.15%
Profit (Net Income) Margin		 11.68% 21.26% 13.66% 13.66% 9.94% 20.13% 12.13% 11.76% 12.06% 22.15% 13.56%
Tax Burden Percent		 71.24% 77.13% 71.29% 71.96% 80.03% 72.28% 72.76% 64.06% 71.53% 70.84% 70.80%
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		 28.76% 22.87% 28.71% 28.04% 19.97% 27.72% 27.24% 35.94% 28.47% 29.16% 29.20%
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)		 20.13% 20.90% 22.04% 22.20% 20.49% 19.70% 20.04% 20.42% 20.99% 21.60% 21.97%
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)		 5.03% 8.16% 6.77% 7.16% 3.80% 8.54% 6.16% 7.29% 4.62% 10.18% 7.32%
Return on Assets (ROA)		 3.58% 6.29% 4.83% 5.16% 3.04% 6.17% 4.48% 4.67% 3.30% 7.21% 5.18%
Return on Common Equity (ROCE)		 20.13% 20.90% 22.04% 22.20% 20.49% 19.70% 20.04% 20.42% 20.99% 21.60% 21.97%
Return on Equity Simple (ROE_SIMPLE)		 16.97% 17.76% 0.00% 20.06% 18.87% 18.81% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 35 82 45 46 37 92 48 48 50 111 60
NOPAT Margin		 10.85% 20.43% 12.55% 12.72% 9.90% 20.20% 12.03% 11.65% 12.10% 22.14% 13.44%
Net Nonoperating Expense Percent (NNEP)		 0.08% 0.09% 0.13% 0.12% 0.00% -0.01% 0.01% 0.02% 0.00% 0.00% 0.02%
Return On Investment Capital (ROIC_SIMPLE)		 3.59% - - - 2.49% 6.32% 3.45% 4.01% 4.27% 8.81% 4.59%
Cost of Revenue to Revenue		 32.91% 28.90% 32.71% 31.67% 33.04% 28.57% 32.16% 31.45% 32.20% 27.69% 32.46%
SG&A Expenses to Revenue		 13.28% 12.18% 12.67% 13.27% 14.99% 11.99% 13.41% 13.13% 13.44% 11.54% 12.76%
R&D to Revenue		 14.14% 10.81% 12.37% 13.02% 14.90% 11.31% 12.74% 13.62% 13.88% 10.46% 12.49%
Operating Expenses to Revenue		 51.86% 44.61% 49.68% 50.65% 54.59% 43.49% 51.32% 50.37% 50.89% 41.05% 48.56%
Earnings before Interest and Taxes (EBIT)		 54 111 68 69 47 127 67 75 70 157 85
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 71 130 88 90 72 152 93 102 98 184 114
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 9.38 8.81 7.20 8.29 9.49 8.66 8.11 7.96 7.55 4.93 4.58
Price to Tangible Book Value (P/TBV)		 12.49 11.40 9.55 10.79 18.49 16.40 15.03 16.29 15.41 9.38 7.40
Price to Revenue (P/Rev)		 7.17 7.15 5.31 6.33 7.42 6.75 6.27 5.36 4.94 3.37 3.16
Price to Earnings (P/E)		 55.29 49.60 35.98 41.33 50.28 46.05 44.06 38.95 34.80 22.56 20.75
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		 1.81% 2.02% 2.78% 2.42% 1.99% 2.17% 2.27% 2.57% 2.87% 4.43% 4.82%
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)		 4.35 4.13 2.91 4.40 4.95 4.39 4.43 3.61 1.61 1.02 1.24
Enterprise Value to EBITDA (EV/EBITDA)		 19.21 17.11 11.71 16.83 19.53 16.92 17.38 14.15 6.08 3.70 4.41
Enterprise Value to EBIT (EV/EBIT)		 24.30 21.49 14.75 21.14 25.17 21.90 22.87 18.81 7.98 4.78 5.67
Enterprise Value to NOPAT (EV/NOPAT)		 35.20 30.30 21.05 30.60 35.33 30.94 31.63 26.36 11.36 6.86 8.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.48 14.68 10.62 15.39 18.88 16.54 16.90 14.34 5.68 3.47 4.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 18.52 11.15 9.13 0.00 87.19 0.00 0.00 20.24 1.23 2.60 2.96
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.29 0.28 0.20 0.13 0.07 0.07 0.07 0.07
Long-Term Debt to Equity		 0.00 0.00 0.00 0.29 0.28 0.20 0.13 0.07 0.07 0.07 0.07
Financial Leverage		 -4.10 -4.03 -3.34 -2.82 -3.40 -3.36 -2.78 -2.56 -4.09 -3.23 -2.58
Leverage Ratio		 5.06 4.90 4.23 3.84 4.53 4.38 3.81 3.74 5.40 4.44 3.78
Compound Leverage Factor		 5.06 4.90 4.23 3.84 4.53 4.38 3.81 3.74 5.40 4.44 3.78
Debt to Total Capital		 0.00% 0.00% 0.00% 22.71% 21.71% 16.78% 11.64% 6.86% 6.89% 6.44% 6.24%
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		 0.00% 0.00% 0.00% 22.71% 21.71% 16.78% 11.64% 6.86% 6.89% 6.44% 6.24%
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		 100.00% 100.00% 100.00% 77.29% 78.29% 83.22% 88.36% 93.14% 93.11% 93.56% 93.76%
Debt to EBITDA		 0.00 0.00 0.00 0.86 0.86 0.61 0.40 0.19 0.18 0.17 0.16
Net Debt to EBITDA		 0.00 0.00 0.00 -7.38 -9.74 -9.11 -7.23 -6.83 -12.58 -8.52 -6.84
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.86 0.86 0.61 0.40 0.19 0.18 0.17 0.16
Debt to NOPAT		 0.00 0.00 0.00 1.56 1.55 1.11 0.73 0.36 0.34 0.32 0.30
Net Debt to NOPAT		 0.00 0.00 0.00 -13.42 -17.61 -16.65 -13.16 -12.72 -23.51 -15.77 -12.65
Long-Term Debt to NOPAT		 0.00 0.00 0.00 1.56 1.55 1.11 0.73 0.36 0.34 0.32 0.30
Altman Z-Score		 2.18 2.15 2.11 2.79 2.25 2.31 2.71 2.50 1.36 1.59 1.75
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		 1.11 1.13 1.13 1.32 1.14 1.13 1.14 1.07 1.04 1.08 1.09
Quick Ratio		 0.12 0.14 0.14 0.33 0.14 0.14 0.15 0.07 0.04 0.09 0.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 179 399 298 -207 -88 -438 -567 116 2,017 533 534
Operating Cash Flow to CapEx		 417.57% 814.15% 354.43% 521.47% 312.00% 1,017.68% 388.41% 448.96% 606.12% 836.19% 274.01%
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 0.30 0.35 0.38 0.31 0.31 0.37 0.40 0.27 0.33 0.38
Accounts Receivable Turnover		 45.33 44.26 48.29 44.95 39.46 40.13 42.75 43.15 38.40 37.55 38.62
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		 21.07 22.40 22.49 23.88 25.17 27.06 27.78 29.92 30.46 31.21 28.20
Accounts Payable Turnover		 51.50 64.12 59.73 36.73 70.31 69.96 38.35 46.41 81.66 50.56 38.59
Days Sales Outstanding (DSO)		 8.05 8.25 7.56 8.12 9.25 9.10 8.54 8.46 9.51 9.72 9.45
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)		 7.09 5.69 6.11 9.94 5.19 5.22 9.52 7.87 4.47 7.22 9.46
Cash Conversion Cycle (CCC)		 0.96 2.55 1.45 -1.82 4.06 3.88 -0.98 0.59 5.04 2.50 -0.01
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -2,652 -2,984 -2,321 -1,688 -2,527 -2,455 -1,706 -1,756 -4,493 -2,876 -2,180
Invested Capital Turnover		 -0.50 -0.48 -0.64 -0.80 -0.58 -0.57 -0.79 -0.95 -0.48 -0.65 -0.91
Increase / (Decrease) in Invested Capital		 -144 -317 -253 253 125 530 615 -68 -1,966 -421 -474
Enterprise Value (EV)		 5,622 5,597 4,087 6,373 7,421 6,806 7,067 5,926 2,702 1,764 2,196
Market Capitalization		 9,261 9,681 7,440 9,167 11,120 10,470 10,007 8,786 8,293 5,821 5,597
Book Value per Share		 $17.57 $19.52 $18.31 $19.90 $21.03 $21.63 $22.34 $20.00 $20.20 $21.92 $22.81
Tangible Book Value per Share		 $13.20 $15.08 $13.81 $15.29 $10.79 $11.43 $12.05 $9.77 $9.90 $11.52 $14.13
Total Capital		 987 1,099 1,033 1,431 1,497 1,452 1,396 1,185 1,180 1,262 1,303
Total Debt		 0.00 0.00 0.00 325 325 244 163 81 81 81 81
Total Long-Term Debt		 0.00 0.00 0.00 325 325 244 163 81 81 81 81
Net Debt		 -3,639 -4,084 -3,354 -2,794 -3,699 -3,664 -2,940 -2,860 -5,591 -4,057 -3,401
Capital Expenditures (CapEx)		 18 21 23 18 17 18 22 19 19 26 41
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -3,255 -3,603 -2,947 -2,323 -3,492 -3,429 -2,696 -2,723 -5,457 -3,818 -3,180
Debt-free Net Working Capital (DFNWC)		 384 481 407 796 532 478 407 218 216 321 303
Net Working Capital (NWC)		 384 481 407 796 532 478 407 218 216 321 303
Net Nonoperating Expense (NNE)		 -2.71 -3.34 -3.97 -3.41 -0.15 0.34 -0.42 -0.45 0.15 -0.04 -0.53
Net Nonoperating Obligations (NNO)		 -3,639 -4,084 -3,354 -2,794 -3,699 -3,664 -2,940 -2,860 -5,591 -4,057 -3,401
Total Depreciation and Amortization (D&A)		 17 19 20 21 25 26 26 27 27 27 29
Debt-free, Cash-free Net Working Capital to Revenue		 -251.87% -266.13% -210.10% -160.47% -233.06% -220.99% -168.97% -166.00% -324.89% -221.02% -179.50%
Debt-free Net Working Capital to Revenue		 29.70% 35.56% 29.03% 54.95% 35.48% 30.80% 25.49% 13.27% 12.85% 18.56% 17.10%
Net Working Capital to Revenue		 29.70% 35.56% 29.03% 54.95% 35.48% 30.80% 25.49% 13.27% 12.85% 18.56% 17.10%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.68 $1.51 $0.87 $0.89 $0.67 $1.64 $0.88 $0.87 $0.93 $2.07 $1.12
Adjusted Weighted Average Basic Shares Outstanding		 56.24M 56.37M 56.21M 55.64M 55.83M 55.81M 55.65M 55.01M 54.09M 53.72M 54.08M
Adjusted Diluted Earnings per Share		 $0.67 $1.50 $0.85 $0.88 $0.66 $1.61 $0.87 $0.86 $0.92 $2.05 $1.09
Adjusted Weighted Average Diluted Shares Outstanding		 56.86M 57.05M 56.98M 56.27M 56.74M 56.78M 56.55M 55.86M 54.77M 54.27M 54.77M
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		 56.33M 56.43M 55.57M 55.75M 55.89M 55.23M 55.16M 54.38M 53.88M 53.54M 53.06M
Normalized Net Operating Profit after Tax (NOPAT)		 35 82 45 46 37 92 48 48 50 111 60
Normalized NOPAT Margin		 10.85% 20.43% 12.55% 12.72% 9.90% 20.20% 12.03% 11.65% 12.10% 22.14% 13.44%
Pre Tax Income Margin		 16.39% 27.57% 19.17% 18.98% 12.42% 27.84% 16.67% 18.35% 16.86% 31.26% 19.15%
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		 0.00% 0.00% 72.55% 0.00% 71.62% 106.04% 65.88% 155.02% 185.18% 158.33% 147.59%

Financials Breakdown Chart

Key Financial Trends

Paylocity’s recent results show a business that continues to grow revenue and generate substantial operating cash flow, although quarterly performance is uneven and capital allocation has materially reduced cash balances. The latest Q4 2026 income statement is marked as calculated, while the latest available balance sheet is Q3 2026, so the figures should be interpreted with some caution.

Revenue growth remains solid. Q4 2026 revenue increased to $444.7 million from $400.7 million in Q4 2025, an 11.0% year-over-year gain. Over the broader period provided, quarterly revenue rose from $226.1 million in Q4 2022 to $444.7 million in Q4 2026. Revenue did decline 11.5% sequentially from Q3 2026, suggesting meaningful quarterly seasonality or timing effects.

Profitability has improved compared with the prior year. Q4 2026 operating income was $84.4 million, up from $66.2 million in Q4 2025. The operating margin improved to approximately 19.0% from 16.5%, while net income rose 24.1% to $60.3 million. Diluted EPS increased to $1.09 from $0.87. However, Q4 results were below Q3 2026, when Paylocity reported $157.0 million of operating income and $111.3 million of net income.

Cash generation is a notable strength. Operating cash flow was positive in every quarter shown, reaching $111.9 million in Q4 2026 compared with $86.6 million in Q4 2025. Across fiscal 2026, the company generated approximately $533.3 million of operating cash flow, well above reported net income of roughly $271.7 million. This conversion reflects substantial depreciation, stock-based and other noncash adjustments, so investors should monitor how much of the cash generation is attributable to recurring operations.

The balance sheet also indicates reduced traditional debt exposure. Long-term debt stood at $81.3 million at March 31, 2026, down from $243.8 million a year earlier and $325.0 million in Q2 2025. Still, Paylocity has committed significant cash to share repurchases, acquisitions and other financing-related activities. The latest cash flow statement reported a $660.7 million quarterly decrease in cash and equivalents, including $671.5 million of financing cash outflows.

  • Consistent revenue expansion: Q4 2026 revenue grew 11.0% year over year, continuing a multi-year upward trend.
  • Improved operating leverage: Q4 2026 operating income increased faster than revenue, lifting the operating margin to approximately 19.0%.
  • Higher earnings per share: Diluted EPS rose to $1.09 in Q4 2026 from $0.87 in Q4 2025, supported by higher net income and fewer diluted shares.
  • Strong operating cash flow: Paylocity generated $111.9 million of operating cash flow in Q4 2026 and approximately $533.3 million for fiscal 2026.
  • Debt reduction: Long-term debt declined to $81.3 million by March 31, 2026, substantially below the prior-year level.
  • Share repurchases: The company repurchased $398.1 million of common stock across the four fiscal 2026 quarters shown, which can support per-share results when conducted at attractive valuations.
  • Large restricted-cash balances: Restricted cash totaled $3.84 billion at March 31, 2026, alongside $3.83 billion of other current liabilities. These balances appear closely related, but investors should not treat restricted cash as freely available corporate liquidity.
  • Quarterly volatility: Q3 2026 profitability was unusually strong compared with Q4 2026, so investors may need to evaluate Paylocity on a full-year basis rather than relying on a single quarter.
  • Sequential revenue decline: Q4 2026 revenue fell 11.5% from Q3 2026, highlighting seasonality or timing-related variability.
  • Heavy cash outflows: Q4 2026 investing and financing activities consumed more than $772 million in cash, including $49.2 million of acquisitions, $40.8 million of capital expenditures and $48.1 million of share repurchases. The statement also includes an unusually large $632.1 million outflow categorized as other financing activities.

Overall, Paylocity’s operating fundamentals remain favorable: revenue is growing, margins are above prior-year levels, operating cash flow is consistently positive and debt has declined. The principal risks are the volatility between quarters, the scale of shareholder returns and other financing outflows, and the limited transparency around the unusually large restricted-cash and “other financing activities” balances. These items make cash-flow quality and capital allocation important areas for investors to monitor in future filings.

08/23/26 10:27 AM ETAI Generated. May Contain Errors.

Paylocity Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Paylocity's fiscal year ends in June. Their fiscal year 2026 ended on June 30, 2026.

Paylocity's net income appears to be on an upward trend, with a most recent value of $269.74 million in 2026, falling from -$3.85 million in 2016. The previous period was $227.13 million in 2025. Check out Paylocity's forecast to explore projected trends and price targets.

Paylocity's total operating income in 2026 was $385.99 million, based on the following breakdown:
  • Total Gross Profit: $1.23 billion
  • Total Operating Expenses: $839.51 million

Over the last 10 years, Paylocity's total revenue changed from $230.70 million in 2016 to $1.77 billion in 2026, a change of 667.8%.

Paylocity's total liabilities were at $3.66 billion at the end of 2026, a 16.1% increase from 2025, and a 188.2% increase since 2016.

In the past 10 years, Paylocity's cash and equivalents has ranged from $86.50 million in 2016 to $401.81 million in 2024, and is currently $271.92 million as of their latest financial filing in 2026.

Over the last 10 years, Paylocity's book value per share changed from 2.34 in 2016 to 22.81 in 2026, a change of 873.2%.


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Financial statements for NASDAQ:PCTY last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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