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Paylocity (PCTY) Financials

Paylocity logo
$122.49 +7.56 (+6.58%)
Closing price 06/1/2026 04:00 PM Eastern
Extended Trading
$120.00 -2.49 (-2.03%)
As of 05:28 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
Net Income / (Loss) Attributable to Common Shareholders		 -14 -3.85 6.72 39 54 64 71 91 141 207 227
Consolidated Net Income / (Loss)		 -14 -3.85 6.72 39 54 64 71 91 141 207 227
Net Income / (Loss) Continuing Operations		 -14 -3.85 6.72 39 54 64 71 91 141 207 227
Total Pre-Tax Income 		-14 -3.67 7.37 17 58 67 57 84 159 277 309
Total Operating Income		 -14 -3.55 7.30 16 56 66 58 85 155 260 304
Total Gross Profit		 82 133 176 228 314 379 416 566 808 961 1,097
Total Revenue		 153 231 300 378 468 561 640 853 1,175 1,403 1,595
Operating Revenue		 153 231 300 378 468 561 640 853 1,175 1,403 1,595
Total Cost of Revenue		 71 98 124 149 154 182 219 287 367 442 498
Operating Cost of Revenue		 71 98 124 149 154 182 219 287 367 442 498
Total Operating Expenses		 96 136 169 212 258 313 358 481 653 701 793
Selling, General & Admin Expense		 33 48 62 79 95 105 120 164 192 187 213
Marketing Expense		 43 62 78 95 113 145 162 214 297 335 374
Research & Development Expense		 20 27 29 38 50 63 77 103 164 178 206
Total Other Income / (Expense), net		 0.05 -0.12 0.07 0.80 1.82 0.95 -0.94 -1.00 3.59 17 5.04
Other Income / (Expense), net		 0.05 -0.12 0.07 0.80 1.82 0.95 -0.94 -1.00 3.59 17 5.04
Income Tax Expense		 0.11 0.18 0.65 -22 4.22 2.66 -14 -7.18 18 70 82
Basic Earnings per Share		 ($0.28) ($0.08) $0.13 $0.74 $1.02 $1.20 $1.30 $1.65 $2.53 $3.68 $4.08
Weighted Average Basic Shares Outstanding		 50.13M 50.91M 51.42M 52.43M 52.91M 53.55M 54.32M 55.04M 55.71M 56.21M 55.65M
Diluted Earnings per Share		 ($0.28) ($0.08) $0.12 $0.70 $0.97 $1.15 $1.26 $1.61 $2.49 $3.63 $4.02
Weighted Average Diluted Shares Outstanding		 50.13M 50.91M 54.06M 54.89M 55.41M 55.81M 56.31M 56.45M 56.60M 56.98M 56.55M
Weighted Average Basic & Diluted Shares Outstanding		 49.90M 48.10M 51.70M 52.20M 52.80M 53.81M 54.60M 55.28M 55.92M 55.57M 55.16M

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 35 38 85 49 50 37 91 49 48 50 111
Consolidated Net Income / (Loss)		 35 38 85 49 50 37 91 49 48 50 111
Net Income / (Loss) Continuing Operations		 35 38 85 49 50 37 91 49 48 50 111
Total Pre-Tax Income 		44 54 111 68 69 47 127 67 75 70 157
Total Operating Income		 41 50 106 63 64 47 127 66 74 70 157
Total Gross Profit		 216 219 285 240 248 252 325 272 280 282 363
Total Revenue		 318 326 401 357 363 377 455 401 408 416 502
Operating Revenue		 318 326 401 357 363 377 455 401 408 416 502
Total Cost of Revenue		 101 107 116 117 115 125 130 129 128 134 139
Operating Cost of Revenue		 101 107 116 117 115 125 130 129 128 134 139
Total Operating Expenses		 175 169 179 177 184 206 198 206 206 212 206
Selling, General & Admin Expense		 50 43 49 45 48 57 54 54 54 56 58
Marketing Expense		 80 80 87 88 88 93 92 101 96 98 96
Research & Development Expense		 45 46 43 44 47 56 51 51 56 58 53
Total Other Income / (Expense), net		 3.23 3.80 4.32 5.57 4.74 0.19 -0.47 0.57 0.70 -0.20 0.06
Other Income / (Expense), net		 3.23 3.80 4.32 5.57 4.74 0.19 -0.47 0.57 0.70 -0.20 0.06
Income Tax Expense		 9.90 15 25 20 19 9.35 35 18 27 20 46
Basic Earnings per Share		 $0.62 $0.68 $1.51 $0.87 $0.89 $0.67 $1.64 $0.88 $0.87 $0.93 $2.07
Weighted Average Basic Shares Outstanding		 56.04M 56.24M 56.37M 56.21M 55.64M 55.83M 55.81M 55.65M 55.01M 54.09M 53.72M
Diluted Earnings per Share		 $0.61 $0.67 $1.50 $0.85 $0.88 $0.66 $1.61 $0.87 $0.86 $0.92 $2.05
Weighted Average Diluted Shares Outstanding		 56.88M 56.86M 57.05M 56.98M 56.27M 56.74M 56.78M 56.55M 55.86M 54.77M 54.27M
Weighted Average Basic & Diluted Shares Outstanding		 56.18M 56.33M 56.43M 55.57M 55.75M 55.89M 55.23M 55.16M 54.38M 53.88M 53.54M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
Net Change in Cash & Equivalents		 2.41 5.24 -280 194 186 66 454 1,848 -1,372 424 -363
Net Cash From Operating Activities		 11 33 62 98 115 113 125 155 283 385 418
Net Cash From Continuing Operating Activities		 11 33 62 98 115 113 125 155 283 385 418
Net Income / (Loss) Continuing Operations		 -14 -3.85 6.72 39 54 64 71 91 141 207 227
Consolidated Net Income / (Loss)		 -14 -3.85 6.72 39 54 64 71 91 141 207 227
Depreciation Expense		 8.61 14 21 30 35 38 43 50 61 76 100
Amortization Expense		 - - - -0.44 -2.23 -1.68 0.52 0.38 -5.41 -4.38 -2.03
Non-Cash Adjustments To Reconcile Net Income		 14 18 30 43 47 48 64 97 150 147 145
Changes in Operating Assets and Liabilities, net		 2.95 4.54 4.29 -13 -18 -36 -53 -83 -64 -41 -52
Net Cash From Investing Activities		 -199 -673 -38 -179 -43 -49 48 -480 -220 -102 -456
Net Cash From Continuing Investing Activities		 -199 -673 -38 -179 -43 -49 48 -480 -220 -102 -456
Purchase of Property, Plant & Equipment		 -13 -24 -35 -37 -31 -42 -38 -53 -67 -79 -75
Acquisitions		 -12 -0.48 - -6.66 0.00 -17 -15 -108 0.00 -12 -278
Purchase of Investments		 - - - -197 -251 -400 0.00 -434 -599 -304 -261
Sale and/or Maturity of Investments		 - - - 73 246 411 101 117 447 294 160
Other Investing Activities, net		 -174 -648 -2.85 -12 -7.48 0.00 0.00 -2.50 -1.10 -1.08 -1.29
Net Cash From Financing Activities		 190 646 -304 275 115 2.09 280 2,172 -1,435 142 -326
Net Cash From Continuing Financing Activities		 190 646 -304 275 115 2.09 280 2,172 -1,435 142 -326
Repayment of Debt		 - - - 0.00 0.00 -0.70 -100 -50 -0.89 -0.07 -163
Repurchase of Common Equity		 -0.08 - - 0.00 -35 - - 0.00 0.00 -150 -150
Issuance of Debt		 - - - 0.00 0.00 100 0.00 50 0.00 0.00 325
Issuance of Common Equity		 20 2.99 3.68 4.30 5.98 8.90 12 14 17 19 20
Other Financing Activities, net		 170 643 -308 271 144 -106 368 2,158 -1,451 273 -358
Cash Interest Paid		 - - - 0.00 0.00 0.44 0.87 0.31 0.40 0.49 13
Cash Income Taxes Paid		 0.16 0.00 0.03 -0.05 0.41 0.08 -0.14 0.01 1.36 48 86

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 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
Net Change in Cash & Equivalents		 -70 775 451 -731 -240 920 -134 -910 -161 2,741 -1,532
Net Cash From Operating Activities		 62 75 168 80 91 54 186 87 86 117 218
Net Cash From Continuing Operating Activities		 62 75 168 80 91 54 186 87 86 117 218
Net Income / (Loss) Continuing Operations		 35 38 85 49 50 37 91 49 48 50 111
Consolidated Net Income / (Loss)		 35 38 85 49 50 37 91 49 48 50 111
Depreciation Expense		 17 18 20 21 22 26 26 26 27 28 27
Amortization Expense		 -1.39 -1.29 -1.01 -0.69 -0.66 -0.62 -0.36 -0.39 -0.41 -0.41 -0.34
Non-Cash Adjustments To Reconcile Net Income		 39 39 36 32 34 44 36 31 39 43 32
Changes in Operating Assets and Liabilities, net		 -27 -20 27 -21 -13 -53 33 -19 -27 -3.63 47
Net Cash From Investing Activities		 -9.40 -53 -14 -25 -13 -288 -28 -127 -18 -9.80 -26
Net Cash From Continuing Investing Activities		 -9.40 -53 -14 -25 -13 -288 -28 -127 -18 -9.80 -26
Purchase of Property, Plant & Equipment		 -18 -18 -21 -23 -18 -17 -18 -22 -19 -19 -26
Purchase of Investments		 -93 -72 -67 -73 -20 -46 -56 -139 -30 -85 -145
Sale and/or Maturity of Investments		 101 50 72 72 25 55 43 37 32 94 142
Other Investing Activities, net		 -0.41 -0.18 1.37 -1.86 -0.64 -1.31 3.25 -2.60 -0.34 0.33 2.24
Net Cash From Financing Activities		 -122 752 298 -786 -318 1,154 -292 -869 -230 2,633 -1,723
Net Cash From Continuing Financing Activities		 -122 752 298 -786 -318 1,154 -292 -869 -230 2,633 -1,723
Repayment of Debt		 -0.01 13 -13 -0.04 -0.01 -0.01 -82 -81 -81 -0.33 -0.02
Repurchase of Common Equity		 - - - - 0.00 - -83 -59 -200 -100 -50
Other Financing Activities, net		 -122 729 311 -646 -643 1,152 -128 -739 52 2,724 -1,673
Cash Interest Paid		 0.12 0.12 0.13 0.12 0.12 5.06 4.37 3.21 2.33 1.13 1.06
Cash Income Taxes Paid		 6.21 19 9.10 13 6.19 40 18 22 7.23 8.10 9.23

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
Total Assets		 721 1,391 1,137 1,508 1,804 1,986 2,415 4,809 3,696 4,245 4,389
Total Current Assets		 679 1,335 1,063 1,378 1,596 1,663 2,033 4,232 3,048 3,524 3,312
Cash & Equivalents		 81 86 103 137 132 251 202 140 289 402 398
Restricted Cash		 591 1,240 942 1,226 1,394 1,327 1,760 3,988 2,621 2,952 2,704
Accounts Receivable		 1.12 1.68 2.04 3.45 4.36 4.92 6.27 16 25 33 42
Prepaid Expenses		 4.42 7.41 15 11 14 13 16 29 35 40 51
Other Current Assets		 - - - - 22 32 44 60 78 98 117
Plant, Property, & Equipment, net		 16 27 41 62 70 67 60 63 64 61 54
Total Noncurrent Assets		 26 29 34 67 138 256 322 514 583 660 1,023
Goodwill		 6.00 6.00 6.00 9.59 9.59 22 34 102 102 109 343
Intangible Assets		 19 22 26 34 38 50 58 107 121 145 225
Noncurrent Deferred & Refundable Income Taxes		 - - - 22 6.47 4.96 12 19 16 18 18
Other Noncurrent Operating Assets		 0.40 0.85 1.54 1.50 83 179 219 286 345 389 437
Total Liabilities & Shareholders' Equity		 721 1,391 1,137 1,508 1,804 1,986 2,415 4,809 3,696 4,245 4,389
Total Liabilities		 613 1,271 990 1,295 1,496 1,593 1,938 4,196 2,853 3,212 3,156
Total Current Liabilities		 609 1,266 975 1,271 1,456 1,409 1,867 4,121 2,775 3,117 2,905
Accounts Payable		 1.33 1.62 2.05 2.99 3.95 1.76 4.23 8.37 6.15 8.64 17
Accrued Expenses		 16 25 30 42 58 80 103 124 143 158 193
Other Current Liabilities		 592 1,240 942 1,226 1,394 1,327 1,760 3,988 2,625 2,950 2,695
Total Noncurrent Liabilities		 3.48 4.90 15 24 40 184 71 75 78 95 250
Long-Term Debt		 - - - - 0.00 100 - - - 0.00 163
Noncurrent Deferred & Payable Income Tax Liabilities		 0.87 0.25 0.40 - 6.94 8.75 1.78 2.22 12 42 33
Other Noncurrent Operating Liabilities		 - - - 1.12 1.72 75 69 73 66 53 55
Total Equity & Noncontrolling Interests		 108 120 148 213 308 393 477 613 843 1,033 1,234
Total Preferred & Common Equity		 108 120 148 213 308 393 477 613 843 1,033 1,234
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		 108 120 148 213 308 393 477 613 843 1,033 1,234
Common Stock		 156 172 193 220 208 228 242 290 381 361 328
Retained Earnings		 -48 -52 -45 -6.68 100 164 235 326 467 673 901
Accumulated Other Comprehensive Income / (Loss)		 - - - -0.14 0.11 0.68 0.07 -2.30 -4.52 -0.94 5.59

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 6/30/2015 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
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 40.49% 51.08% 30.04% 25.84% 23.87% 20.04% 13.93% 33.32% 37.76% 19.40% 13.74%
EBITDA Growth		 -913.10% 293.97% 178.42% 63.79% 94.32% 14.35% -2.67% 33.40% 59.52% 63.06% 16.50%
EBIT Growth		 -102.29% 73.51% 300.57% 127.32% 246.52% 15.63% -14.92% 46.39% 89.74% 74.65% 11.57%
NOPAT Growth		 -98.36% 74.50% 367.66% 452.51% 41.86% 21.89% 13.28% 27.61% 49.83% 41.05% 15.09%
Net Income Growth		 -96.51% 72.44% 274.45% 474.55% 39.45% 19.75% 9.87% 28.18% 55.13% 46.83% 9.85%
EPS Growth		 -7.69% 71.43% 250.00% 483.33% 38.57% 18.56% 9.57% 27.78% 54.66% 45.78% 10.74%
Operating Cash Flow Growth		 54.26% 197.10% 87.86% 57.90% 17.54% -2.07% 10.83% 24.19% 82.34% 36.06% 8.72%
Free Cash Flow Firm Growth		 -62.83% 325.61% -147.18% 195.88% -48.22% -143.38% 780.05% 379.19% -161.85% 134.19% -187.44%
Invested Capital Growth		 -39.49% -113.59% 25.55% -28.10% -8.48% 10.29% -33.01% -135.92% 41.17% -12.26% 26.49%
Revenue Q/Q Growth		 8.04% 9.41% 5.72% 5.76% 5.35% 1.85% 6.81% 6.86% 7.54% 3.61% 2.80%
EBITDA Q/Q Growth		 31.64% 6.76% 18.16% 2.89% 18.45% -2.43% 4.09% 10.13% 19.02% 6.69% 1.10%
EBIT Q/Q Growth		 11.84% -36.78% 37.79% -8.07% 33.92% -5.37% 5.42% 13.01% 26.61% 6.34% -0.54%
NOPAT Q/Q Growth		 12.79% -27.97% 21.39% 4.32% 28.46% -6.44% 10.45% 3.71% 16.66% 5.09% 1.56%
Net Income Q/Q Growth		 14.00% -34.27% 30.45% 6.31% 28.06% -7.59% 10.85% 3.73% 18.62% 5.92% -0.09%
EPS Q/Q Growth		 24.32% -60.00% 50.00% 6.06% 27.63% -8.00% 12.50% 3.21% 18.01% 5.83% 0.50%
Operating Cash Flow Q/Q Growth		 19.11% 10.08% 31.14% 11.23% 6.83% -8.16% 11.85% 7.32% 10.54% 0.87% 1.61%
Free Cash Flow Firm Q/Q Growth		 0.00% -5.19% -15.70% 59.06% -56.37% -329.89% 42.79% -2.23% -22.32% -10.81% -26.40%
Invested Capital Q/Q Growth		 21.10% 13.33% 20.22% 9.57% 20.75% 27.07% 16.30% 8.86% 22.50% 22.24% 30.51%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 53.57% 57.48% 58.67% 60.48% 67.10% 67.58% 65.10% 66.34% 68.75% 68.50% 68.77%
EBITDA Margin		 -3.44% 4.42% 9.47% 12.32% 19.33% 18.41% 15.73% 15.74% 18.22% 24.89% 25.49%
Operating Margin		 -9.12% -1.54% 2.43% 4.22% 12.02% 11.79% 9.08% 9.92% 13.20% 18.54% 19.06%
EBIT Margin		 -9.08% -1.59% 2.46% 4.44% 12.41% 11.96% 8.93% 9.80% 13.50% 19.75% 19.37%
Profit (Net Income) Margin		 -9.15% -1.67% 2.24% 10.22% 11.51% 11.48% 11.07% 10.65% 11.99% 14.74% 14.24%
Tax Burden Percent		 100.76% 104.82% 91.17% 230.42% 92.72% 96.03% 124.02% 108.59% 88.78% 74.64% 73.49%
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% 0.00% 8.83% -130.42% 7.28% 3.97% -24.02% -8.59% 11.22% 25.36% 26.51%
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)		 -14.06% -3.39% 5.03% 21.42% 20.67% 18.39% 16.28% 16.65% 19.34% 22.04% 20.04%
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)		 -2.22% -0.35% 0.58% 1.27% 3.51% 3.54% 2.60% 2.31% 3.73% 6.98% 7.16%
Return on Assets (ROA)		 -2.24% -0.36% 0.53% 2.92% 3.25% 3.40% 3.22% 2.51% 3.31% 5.21% 5.26%
Return on Common Equity (ROCE)		 -14.06% -3.39% 5.03% 21.42% 20.67% 18.39% 16.28% 16.65% 19.34% 22.04% 20.04%
Return on Equity Simple (ROE_SIMPLE)		 -12.99% -3.22% 4.55% 18.14% 17.48% 16.40% 14.85% 14.80% 16.71% 20.01% 0.00%
Net Operating Profit after Tax (NOPAT)		 -9.74 -2.49 6.65 37 52 64 72 92 138 194 223
NOPAT Margin		 -6.38% -1.08% 2.22% 9.73% 11.15% 11.32% 11.26% 10.77% 11.72% 13.84% 14.01%
Net Nonoperating Expense Percent (NNEP)		 -0.72% -0.14% 0.01% 0.15% 0.12% 0.06% -0.07% -0.04% 0.09% 0.40% 0.12%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 16.00%
Cost of Revenue to Revenue		 46.43% 42.52% 41.33% 39.52% 32.90% 32.42% 34.29% 33.66% 31.25% 31.50% 31.23%
SG&A Expenses to Revenue		 21.50% 20.63% 20.71% 20.99% 20.24% 18.75% 18.73% 19.20% 16.33% 13.36% 13.35%
R&D to Revenue		 13.01% 11.59% 9.70% 9.97% 10.76% 11.18% 11.99% 12.07% 13.96% 12.72% 12.90%
Operating Expenses to Revenue		 62.69% 59.02% 56.24% 56.26% 55.08% 55.79% 56.02% 56.42% 55.55% 49.96% 49.71%
Earnings before Interest and Taxes (EBIT)		 -14 -3.67 7.37 17 58 67 57 84 159 277 309
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -5.26 10 28 47 90 103 101 134 214 349 407
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 16.87 18.43 15.77 14.56 16.14 19.93 21.79 15.67 12.22 7.20 8.11
Price to Tangible Book Value (P/TBV)		 22.06 24.03 20.18 18.32 19.11 24.37 26.98 23.80 16.61 9.55 15.03
Price to Revenue (P/Rev)		 11.89 9.55 7.76 8.21 10.63 13.95 16.25 11.28 8.77 5.31 6.27
Price to Earnings (P/E)		 0.00 0.00 346.42 80.29 92.34 121.52 146.78 105.92 73.14 35.98 44.06
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% 0.00% 0.29% 1.25% 1.08% 0.82% 0.68% 0.94% 1.37% 2.78% 2.27%
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)		 7.48 3.80 4.27 4.60 7.30 11.26 13.18 6.44 6.29 2.91 4.43
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 86.04 45.12 37.32 37.77 61.15 83.78 40.89 34.52 11.71 17.38
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 173.88 103.61 58.81 94.16 147.59 65.64 46.59 14.75 22.87
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 192.64 47.23 65.48 99.45 117.09 59.74 53.69 21.05 31.63
Enterprise Value to Operating Cash Flow (EV/OCF)		 102.87 26.60 20.67 17.73 29.68 56.10 67.51 35.39 26.14 10.62 16.90
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.61 1.37 0.00 6.00 22.80 0.00 19.08 2.59 0.00 9.13 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.25 0.00 0.00 0.00 0.00 0.13
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.25 0.00 0.00 0.00 0.00 0.13
Financial Leverage		 -5.88 -8.80 -8.88 -6.68 -5.61 -4.38 -4.00 -5.59 -4.83 -3.34 -2.78
Leverage Ratio		 6.28 9.29 9.46 7.34 6.36 5.41 5.06 6.63 5.84 4.23 3.81
Compound Leverage Factor		 6.28 9.29 9.46 7.34 6.36 5.41 5.06 6.63 5.84 4.23 3.81
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 20.29% 0.00% 0.00% 0.00% 0.00% 11.64%
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% 0.00% 20.29% 0.00% 0.00% 0.00% 0.00% 11.64%
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% 100.00% 79.71% 100.00% 100.00% 100.00% 100.00% 88.36%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.97 0.00 0.00 0.00 0.00 0.40
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -14.64 0.00 0.00 0.00 0.00 -7.23
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.97 0.00 0.00 0.00 0.00 0.40
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.57 0.00 0.00 0.00 0.00 0.73
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -23.81 0.00 0.00 0.00 0.00 -13.16
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 1.57 0.00 0.00 0.00 0.00 0.73
Altman Z-Score		 1.95 1.20 1.73 1.80 2.53 3.61 3.78 1.73 2.89 2.27 2.90
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 1.05 1.09 1.08 1.10 1.18 1.09 1.03 1.10 1.13 1.14
Quick Ratio		 0.14 0.07 0.11 0.11 0.11 0.21 0.11 0.04 0.11 0.14 0.15
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 150 639 -302 289 150 -65 442 2,116 -1,309 448 -391
Operating Cash Flow to CapEx		 83.91% 134.81% 177.19% 262.28% 366.09% 266.37% 328.08% 294.87% 422.52% 488.45% 554.13%
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		 0.24 0.22 0.24 0.29 0.28 0.30 0.29 0.24 0.28 0.35 0.37
Accounts Receivable Turnover		 163.23 165.02 161.25 137.46 119.74 120.96 114.30 77.44 57.52 48.29 42.75
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		 10.46 10.77 8.88 7.35 7.08 8.21 10.11 13.90 18.51 22.49 27.78
Accounts Payable Turnover		 40.98 66.54 67.62 59.25 44.31 63.76 73.28 45.54 50.53 59.73 38.35
Days Sales Outstanding (DSO)		 2.24 2.21 2.26 2.66 3.05 3.02 3.19 4.71 6.35 7.56 8.54
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)		 8.91 5.49 5.40 6.16 8.24 5.72 4.98 8.01 7.22 6.11 9.52
Cash Conversion Cycle (CCC)		 -6.67 -3.27 -3.13 -3.50 -5.19 -2.71 -1.79 -3.30 -0.88 1.45 -0.98
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -565 -1,207 -898 -1,151 -1,248 -1,120 -1,489 -3,514 -2,067 -2,321 -1,706
Invested Capital Turnover		 -0.31 -0.26 -0.29 -0.37 -0.39 -0.47 -0.49 -0.34 -0.42 -0.64 -0.79
Increase / (Decrease) in Invested Capital		 -160 -642 308 -252 -98 128 -370 -2,025 1,447 -253 615
Enterprise Value (EV)		 1,142 878 1,281 1,736 3,414 6,320 8,428 5,487 7,389 4,087 7,067
Market Capitalization		 1,815 2,204 2,327 3,099 4,970 7,832 10,395 9,615 10,299 7,440 10,007
Book Value per Share		 $2.13 $2.34 $2.87 $4.04 $5.81 $7.32 $8.75 $11.13 $15.10 $18.31 $22.34
Tangible Book Value per Share		 $1.63 $1.80 $2.24 $3.21 $4.91 $5.99 $7.07 $7.33 $11.11 $13.81 $12.05
Total Capital		 108 120 148 213 308 493 477 613 843 1,033 1,396
Total Debt		 0.00 0.00 0.00 0.00 0.00 100 0.00 0.00 0.00 0.00 163
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 100 0.00 0.00 0.00 0.00 163
Net Debt		 -672 -1,326 -1,046 -1,364 -1,556 -1,513 -1,966 -4,128 -2,910 -3,354 -2,940
Capital Expenditures (CapEx)		 13 24 35 37 31 42 38 53 67 79 75
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -603 -1,257 -958 -1,256 -1,416 -1,358 -1,801 -4,016 -2,637 -2,947 -2,696
Debt-free Net Working Capital (DFNWC)		 69 69 88 107 140 254 166 111 274 407 407
Net Working Capital (NWC)		 69 69 88 107 140 254 166 111 274 407 407
Net Nonoperating Expense (NNE)		 4.23 1.37 -0.07 -1.85 -1.69 -0.91 1.16 1.08 -3.19 -13 -3.70
Net Nonoperating Obligations (NNO)		 -672 -1,326 -1,046 -1,364 -1,556 -1,513 -1,966 -4,128 -2,910 -3,354 -2,940
Total Depreciation and Amortization (D&A)		 8.61 14 21 30 32 36 43 51 55 72 98
Debt-free, Cash-free Net Working Capital to Revenue		 -395.02% -544.92% -319.29% -332.73% -302.83% -242.01% -281.54% -471.05% -224.46% -210.10% -168.97%
Debt-free Net Working Capital to Revenue		 45.38% 29.90% 29.35% 28.45% 29.97% 45.29% 25.94% 13.04% 23.30% 29.03% 25.49%
Net Working Capital to Revenue		 45.38% 29.90% 29.35% 28.45% 29.97% 45.29% 25.94% 13.04% 23.30% 29.03% 25.49%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.28) ($0.08) $0.13 $0.74 $1.02 $1.20 $1.30 $1.65 $2.53 $3.68 $4.08
Adjusted Weighted Average Basic Shares Outstanding		 50.13M 50.91M 51.42M 52.43M 52.91M 53.55M 54.32M 55.04M 55.71M 56.21M 55.65M
Adjusted Diluted Earnings per Share		 ($0.28) ($0.08) $0.12 $0.70 $0.97 $1.15 $1.26 $1.61 $2.49 $3.63 $4.02
Adjusted Weighted Average Diluted Shares Outstanding		 50.13M 50.91M 54.06M 54.89M 55.41M 55.81M 56.31M 56.45M 56.60M 56.98M 56.55M
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		 50.71M 51.16M 51.75M 52.77M 53.08M 53.81M 54.60M 55.28M 55.92M 55.57M 55.16M
Normalized Net Operating Profit after Tax (NOPAT)		 -9.74 -2.49 6.65 11 52 64 41 59 138 194 223
Normalized NOPAT Margin		 -6.38% -1.08% 2.22% 2.96% 11.15% 11.32% 6.35% 6.94% 11.72% 13.84% 14.01%
Pre Tax Income Margin		 -9.08% -1.59% 2.46% 4.44% 12.41% 11.96% 8.93% 9.80% 13.50% 19.75% 19.37%
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		 -0.54% 0.00% 0.00% 0.00% 65.01% 0.00% 0.00% 0.00% 0.00% 72.55% 65.88%

Quarterly Metrics And Ratios for Paylocity

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 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
DEI Shares Outstanding		 - - - - - - - - - - 53,876,692.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 53,876,692.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 2.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 25.39% 19.54% 18.07% 15.83% 14.29% 15.51% 13.27% 12.16% 12.46% 10.39% 10.50%
EBITDA Growth		 194.17% 122.42% 36.23% 32.90% 49.27% 1.79% 17.16% 5.00% 13.57% 35.77% 20.91%
EBIT Growth		 541.26% 193.94% 35.69% 31.77% 55.10% -12.50% 14.42% -2.46% 8.75% 49.90% 24.08%
NOPAT Growth		 3.04% 126.92% 44.30% 26.76% 44.20% 5.37% 12.01% 7.46% 2.99% 34.93% 21.11%
Net Income Growth		 13.72% 144.33% 48.07% 31.04% 43.62% -1.71% 7.23% -0.44% -3.19% 33.98% 21.61%
EPS Growth		 12.96% 139.29% 47.06% 30.77% 44.26% -1.49% 7.33% 2.35% -2.27% 39.39% 27.33%
Operating Cash Flow Growth		 279.22% 20.36% 31.55% 4.33% 47.17% -27.80% 11.03% 8.30% -5.47% 115.86% 17.15%
Free Cash Flow Firm Growth		 121.82% -82.53% 135.27% 121.14% -194.45% -148.87% -209.71% -289.94% 155.94% 2,401.35% 221.64%
Invested Capital Growth		 -10.64% -5.74% -11.89% -12.26% 13.02% 4.71% 17.75% 26.49% -4.03% -77.81% -17.17%
Revenue Q/Q Growth		 2.96% 2.76% 22.96% -10.96% 1.59% 3.86% 20.58% -11.84% 1.86% 1.95% 20.70%
EBITDA Q/Q Growth		 -9.62% 17.38% 84.16% -31.91% 1.51% -19.96% 111.76% -38.97% 9.79% -4.31% 88.58%
EBIT Q/Q Growth		 -14.54% 20.47% 106.73% -38.09% 0.59% -32.04% 170.34% -47.22% 12.15% -6.32% 123.77%
NOPAT Q/Q Growth		 -9.52% 10.62% 131.52% -45.30% 2.93% -19.17% 146.10% -47.52% -1.35% 5.89% 120.90%
Net Income Q/Q Growth		 -7.35% 10.43% 123.83% -42.78% 1.54% -24.42% 144.18% -46.87% -1.27% 4.60% 121.63%
EPS Q/Q Growth		 -6.15% 9.84% 123.88% -43.33% 3.53% -25.00% 143.94% -45.96% -1.15% 6.98% 122.83%
Operating Cash Flow Q/Q Growth		 -18.89% 20.80% 123.16% -52.29% 14.42% -40.73% 243.17% -53.46% -0.13% 35.33% 86.24%
Free Cash Flow Firm Q/Q Growth		 115.49% -18.01% 122.59% -25.25% -169.23% 57.57% -399.67% -29.42% 120.39% 1,645.41% -73.59%
Invested Capital Q/Q Growth		 6.12% -36.64% -12.54% 22.24% 27.26% -49.70% 2.85% 30.51% -2.94% -155.87% 35.99%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 68.05% 67.09% 71.10% 67.29% 68.33% 66.96% 71.43% 67.84% 68.55% 67.80% 72.31%
EBITDA Margin		 18.94% 21.63% 32.37% 24.75% 24.73% 19.06% 33.48% 23.17% 24.98% 23.45% 36.63%
Operating Margin		 12.97% 15.23% 26.49% 17.61% 17.67% 12.37% 27.95% 16.53% 18.18% 16.91% 31.25%
EBIT Margin		 13.98% 16.39% 27.57% 19.17% 18.98% 12.42% 27.84% 16.67% 18.35% 16.86% 31.26%
Profit (Net Income) Margin		 10.87% 11.68% 21.26% 13.66% 13.66% 9.94% 20.13% 12.13% 11.76% 12.06% 22.15%
Tax Burden Percent		 77.72% 71.24% 77.13% 71.29% 71.96% 80.03% 72.28% 72.76% 64.06% 71.53% 70.84%
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		 22.28% 28.76% 22.87% 28.71% 28.04% 19.97% 27.72% 27.24% 35.94% 28.47% 29.16%
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)		 19.29% 20.13% 20.90% 22.04% 22.20% 20.49% 19.70% 20.04% 20.42% 20.99% 21.60%
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)		 5.14% 5.03% 8.16% 6.77% 7.16% 3.80% 8.54% 6.16% 7.29% 4.62% 10.18%
Return on Assets (ROA)		 3.99% 3.58% 6.29% 4.83% 5.16% 3.04% 6.17% 4.48% 4.67% 3.30% 7.21%
Return on Common Equity (ROCE)		 19.29% 20.13% 20.90% 22.04% 22.20% 20.49% 19.70% 20.04% 20.42% 20.99% 21.60%
Return on Equity Simple (ROE_SIMPLE)		 16.24% 16.97% 17.76% 0.00% 20.06% 18.87% 18.81% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 32 35 82 45 46 37 92 48 48 50 111
NOPAT Margin		 10.08% 10.85% 20.43% 12.55% 12.72% 9.90% 20.20% 12.03% 11.65% 12.10% 22.14%
Net Nonoperating Expense Percent (NNEP)		 0.10% 0.08% 0.09% 0.13% 0.12% 0.00% -0.01% 0.01% 0.02% 0.00% 0.00%
Return On Investment Capital (ROIC_SIMPLE)		 - 3.59% - - - 2.49% 6.32% 3.45% 4.01% 4.27% 8.81%
Cost of Revenue to Revenue		 31.95% 32.91% 28.90% 32.71% 31.67% 33.04% 28.57% 32.16% 31.45% 32.20% 27.69%
SG&A Expenses to Revenue		 15.72% 13.28% 12.18% 12.67% 13.27% 14.99% 11.99% 13.41% 13.13% 13.44% 11.54%
R&D to Revenue		 14.05% 14.14% 10.81% 12.37% 13.02% 14.90% 11.31% 12.74% 13.62% 13.88% 10.46%
Operating Expenses to Revenue		 55.08% 51.86% 44.61% 49.68% 50.65% 54.59% 43.49% 51.32% 50.37% 50.89% 41.05%
Earnings before Interest and Taxes (EBIT)		 44 54 111 68 69 47 127 67 75 70 157
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 60 71 130 88 90 72 152 93 102 98 184
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 11.38 9.38 8.81 7.20 8.29 9.49 8.66 8.11 7.96 7.55 4.93
Price to Tangible Book Value (P/TBV)		 15.32 12.49 11.40 9.55 10.79 18.49 16.40 15.03 16.29 15.41 9.38
Price to Revenue (P/Rev)		 8.20 7.17 7.15 5.31 6.33 7.42 6.75 6.27 5.36 4.94 3.37
Price to Earnings (P/E)		 70.08 55.29 49.60 35.98 41.33 50.28 46.05 44.06 38.95 34.80 22.56
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		 1.43% 1.81% 2.02% 2.78% 2.42% 1.99% 2.17% 2.27% 2.57% 2.87% 4.43%
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)		 5.91 4.35 4.13 2.91 4.40 4.95 4.39 4.43 3.61 1.61 1.02
Enterprise Value to EBITDA (EV/EBITDA)		 28.88 19.21 17.11 11.71 16.83 19.53 16.92 17.38 14.15 6.08 3.70
Enterprise Value to EBIT (EV/EBIT)		 37.37 24.30 21.49 14.75 21.14 25.17 21.90 22.87 18.81 7.98 4.78
Enterprise Value to NOPAT (EV/NOPAT)		 52.40 35.20 30.30 21.05 30.60 35.33 30.94 31.63 26.36 11.36 6.86
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.31 16.48 14.68 10.62 15.39 18.88 16.54 16.90 14.34 5.68 3.47
Enterprise Value to Free Cash Flow (EV/FCFF)		 22.44 18.52 11.15 9.13 0.00 87.19 0.00 0.00 20.24 1.23 2.60
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.29 0.28 0.20 0.13 0.07 0.07 0.07
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.29 0.28 0.20 0.13 0.07 0.07 0.07
Financial Leverage		 -3.46 -4.10 -4.03 -3.34 -2.82 -3.40 -3.36 -2.78 -2.56 -4.09 -3.23
Leverage Ratio		 4.48 5.06 4.90 4.23 3.84 4.53 4.38 3.81 3.74 5.40 4.44
Compound Leverage Factor		 4.48 5.06 4.90 4.23 3.84 4.53 4.38 3.81 3.74 5.40 4.44
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 22.71% 21.71% 16.78% 11.64% 6.86% 6.89% 6.44%
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% 22.71% 21.71% 16.78% 11.64% 6.86% 6.89% 6.44%
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% 77.29% 78.29% 83.22% 88.36% 93.14% 93.11% 93.56%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.86 0.86 0.61 0.40 0.19 0.18 0.17
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 -7.38 -9.74 -9.11 -7.23 -6.83 -12.58 -8.52
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.86 0.86 0.61 0.40 0.19 0.18 0.17
Debt to NOPAT		 0.00 0.00 0.00 0.00 1.56 1.55 1.11 0.73 0.36 0.34 0.32
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 -13.42 -17.61 -16.65 -13.16 -12.72 -23.51 -15.77
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 1.56 1.55 1.11 0.73 0.36 0.34 0.32
Altman Z-Score		 2.89 2.18 2.15 2.11 2.79 2.25 2.31 2.71 2.50 1.36 1.59
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		 1.12 1.11 1.13 1.13 1.32 1.14 1.13 1.14 1.07 1.04 1.08
Quick Ratio		 0.13 0.12 0.14 0.14 0.33 0.14 0.14 0.15 0.07 0.04 0.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 219 179 399 298 -207 -88 -438 -567 116 2,017 533
Operating Cash Flow to CapEx		 352.14% 417.57% 814.15% 354.43% 521.47% 312.00% 1,017.68% 388.41% 448.96% 606.12% 836.19%
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		 0.37 0.31 0.30 0.35 0.38 0.31 0.31 0.37 0.40 0.27 0.33
Accounts Receivable Turnover		 47.99 45.33 44.26 48.29 44.95 39.46 40.13 42.75 43.15 38.40 37.55
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		 19.94 21.07 22.40 22.49 23.88 25.17 27.06 27.78 29.92 30.46 31.21
Accounts Payable Turnover		 51.25 51.50 64.12 59.73 36.73 70.31 69.96 38.35 46.41 81.66 50.56
Days Sales Outstanding (DSO)		 7.61 8.05 8.25 7.56 8.12 9.25 9.10 8.54 8.46 9.51 9.72
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)		 7.12 7.09 5.69 6.11 9.94 5.19 5.22 9.52 7.87 4.47 7.22
Cash Conversion Cycle (CCC)		 0.48 0.96 2.55 1.45 -1.82 4.06 3.88 -0.98 0.59 5.04 2.50
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -1,941 -2,652 -2,984 -2,321 -1,688 -2,527 -2,455 -1,706 -1,756 -4,493 -2,876
Invested Capital Turnover		 -0.67 -0.50 -0.48 -0.64 -0.80 -0.58 -0.57 -0.79 -0.95 -0.48 -0.65
Increase / (Decrease) in Invested Capital		 -187 -144 -317 -253 253 125 530 615 -68 -1,966 -421
Enterprise Value (EV)		 7,327 5,622 5,597 4,087 6,373 7,421 6,806 7,067 5,926 2,702 1,764
Market Capitalization		 10,161 9,261 9,681 7,440 9,167 11,120 10,470 10,007 8,786 8,293 5,821
Book Value per Share		 $15.96 $17.57 $19.52 $18.31 $19.90 $21.03 $21.63 $22.34 $20.00 $20.20 $21.92
Tangible Book Value per Share		 $11.86 $13.20 $15.08 $13.81 $15.29 $10.79 $11.43 $12.05 $9.77 $9.90 $11.52
Total Capital		 893 987 1,099 1,033 1,431 1,497 1,452 1,396 1,185 1,180 1,262
Total Debt		 0.00 0.00 0.00 0.00 325 325 244 163 81 81 81
Total Long-Term Debt		 0.00 0.00 0.00 0.00 325 325 244 163 81 81 81
Net Debt		 -2,833 -3,639 -4,084 -3,354 -2,794 -3,699 -3,664 -2,940 -2,860 -5,591 -4,057
Capital Expenditures (CapEx)		 18 18 21 23 18 17 18 22 19 19 26
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2,523 -3,255 -3,603 -2,947 -2,323 -3,492 -3,429 -2,696 -2,723 -5,457 -3,818
Debt-free Net Working Capital (DFNWC)		 311 384 481 407 796 532 478 407 218 216 321
Net Working Capital (NWC)		 311 384 481 407 796 532 478 407 218 216 321
Net Nonoperating Expense (NNE)		 -2.51 -2.71 -3.34 -3.97 -3.41 -0.15 0.34 -0.42 -0.45 0.15 -0.04
Net Nonoperating Obligations (NNO)		 -2,833 -3,639 -4,084 -3,354 -2,794 -3,699 -3,664 -2,940 -2,860 -5,591 -4,057
Total Depreciation and Amortization (D&A)		 16 17 19 20 21 25 26 26 27 27 27
Debt-free, Cash-free Net Working Capital to Revenue		 -203.62% -251.87% -266.13% -210.10% -160.47% -233.06% -220.99% -168.97% -166.00% -324.89% -221.02%
Debt-free Net Working Capital to Revenue		 25.08% 29.70% 35.56% 29.03% 54.95% 35.48% 30.80% 25.49% 13.27% 12.85% 18.56%
Net Working Capital to Revenue		 25.08% 29.70% 35.56% 29.03% 54.95% 35.48% 30.80% 25.49% 13.27% 12.85% 18.56%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.62 $0.68 $1.51 $0.87 $0.89 $0.67 $1.64 $0.88 $0.87 $0.93 $2.07
Adjusted Weighted Average Basic Shares Outstanding		 56.04M 56.24M 56.37M 56.21M 55.64M 55.83M 55.81M 55.65M 55.01M 54.09M 53.72M
Adjusted Diluted Earnings per Share		 $0.61 $0.67 $1.50 $0.85 $0.88 $0.66 $1.61 $0.87 $0.86 $0.92 $2.05
Adjusted Weighted Average Diluted Shares Outstanding		 56.88M 56.86M 57.05M 56.98M 56.27M 56.74M 56.78M 56.55M 55.86M 54.77M 54.27M
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		 56.18M 56.33M 56.43M 55.57M 55.75M 55.89M 55.23M 55.16M 54.38M 53.88M 53.54M
Normalized Net Operating Profit after Tax (NOPAT)		 32 35 82 45 46 37 92 48 48 50 111
Normalized NOPAT Margin		 10.08% 10.85% 20.43% 12.55% 12.72% 9.90% 20.20% 12.03% 11.65% 12.10% 22.14%
Pre Tax Income Margin		 13.98% 16.39% 27.57% 19.17% 18.98% 12.42% 27.84% 16.67% 18.35% 16.86% 31.26%
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% 72.55% 0.00% 71.62% 106.04% 65.88% 155.02% 185.18% 158.33%

Financials Breakdown Chart

Key Financial Trends

Paylocity’s latest quarter shows solid operating momentum, but the balance sheet and cash flow picture is more complicated than the headline earnings suggest. Revenue and profits continued to grow year over year in Q3 2026, but the company also made a very large financing-related cash move that distorted the cash balance and makes the quarter harder to interpret at face value.

  • Revenue growth accelerated nicely. Q3 2026 revenue rose to $502.3 million from $454.5 million in Q3 2025, up about 10.5% year over year.
  • Operating income improved sharply. Operating income increased to $157.0 million from $127.0 million a year ago, showing better operating leverage.
  • Net income also climbed year over year. Net income attributable to common shareholders rose to $111.3 million from $91.5 million in the prior-year quarter.
  • Margins held up well. Gross profit was $363.2 million, which implies a strong gross margin of roughly 72%, consistent with a software-like business model.
  • Operating cash flow remained strong. Q3 2026 operating cash flow was $217.9 million, up from $186.0 million last year, reinforcing the quality of earnings.
  • Capital spending remained modest. Capex was only $26.1 million in Q3 2026, leaving plenty of cash generation after reinvestment.
  • Debt levels are still manageable. Long-term debt stood at $81.3 million, which is low relative to the company’s revenue base and asset base.
  • Share count remained fairly stable. Diluted weighted-average shares were 54.3 million in Q3 2026 versus 54.8 million in Q2 2026, so dilution was not a major issue this quarter.
  • The company still carries a very large amount of restricted cash and current liabilities. That makes the balance sheet look large, but it also means a lot of assets are not freely deployable and should be interpreted carefully.
  • Financing cash flow was extremely volatile. Q3 2026 showed a massive negative financing cash flow of $1.72 billion, driven by “other financing activities,” which obscures the underlying cash trend and deserves scrutiny.

Looking at the full three-year trend, Paylocity has generally grown revenue steadily from $253.3 million in Q1 2023 to $502.3 million in Q3 2026, while earnings and operating cash flow have also moved higher. The company has maintained healthy profitability and strong cash generation, which are favorable traits for long-term investors.

That said, there are a few watch items. First, balance sheet structure has shifted dramatically over time, especially in restricted cash and liabilities, so investors should not rely on a simple cash comparison alone. Second, Paylocity has continued buying back stock, which supports EPS but also uses cash. Third, the recent quarter’s financing cash flow and sharp swing in restricted cash make it important to watch future filings for clearer explanations.

Bottom line: Paylocity appears to be executing well operationally, with solid growth, strong margins, and robust operating cash flow. The main caution is the unusually large financing activity and the complexity of the balance sheet, which could create noise around an otherwise healthy business.

06/02/26 03:49 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 2025 ended on June 30, 2025.

Paylocity's net income appears to be on an upward trend, with a most recent value of $227.13 million in 2025, falling from -$13.97 million in 2015. The previous period was $206.77 million in 2024. See where experts think Paylocity is headed by visiting Paylocity's forecast page.

Paylocity's total operating income in 2025 was $304.02 million, based on the following breakdown:
  • Total Gross Profit: $1.10 billion
  • Total Operating Expenses: $792.97 million

Over the last 10 years, Paylocity's total revenue changed from $152.70 million in 2015 to $1.60 billion in 2025, a change of 944.7%.

Paylocity's total liabilities were at $3.16 billion at the end of 2025, a 1.8% decrease from 2024, and a 414.8% increase since 2015.

In the past 10 years, Paylocity's cash and equivalents has ranged from $81.26 million in 2015 to $401.81 million in 2024, and is currently $398.07 million as of their latest financial filing in 2025.

Over the last 10 years, Paylocity's book value per share changed from 2.13 in 2015 to 22.34 in 2025, a change of 951.2%.


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Financial statements for NASDAQ:PCTY last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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