Paylocity Holding (PCTY) financial statements
Paylocity Holding reported revenue of $1.7B in fiscal 2026, up 20.9% a year over 9 years.
Net income was $270M and the operating margin 23.4%, against 2.4% in 2017.
Free cash flow was $428M, and the company returned $398M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Paylocity Holding's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $300M | $368M | $448M | $546M | $632M | $848M | $1.1B | $1.3B | $1.5B | $1.7B |
| Cost of revenue | $124M | $149M | $154M | $182M | $219M | $287M | $367M | $442M | $498M | $546M |
| Gross profit | $176M | $228M | $314M | $379M | $416M | $566M | $808M | $961M | $1.1B | $1.2B |
| Research and development | $29M | $38M | $50M | $63M | $77M | $103M | $164M | $178M | $206M | $221M |
| Selling, general and admin | $140M | $175M | $207M | $250M | $282M | $378M | $489M | $522M | $587M | $618M |
| Operating income | $7M | $16M | $56M | $66M | $58M | $85M | $155M | $260M | $304M | $386M |
| Pre-tax income | $7M | $17M | $58M | $67M | $57M | $84M | $159M | $277M | $309M | $387M |
| Income tax | $651,000 | -$22M | $4M | $3M | -$14M | -$7M | $18M | $70M | $82M | $118M |
| Net income | $7M | $39M | $54M | $64M | $71M | $91M | $141M | $207M | $227M | $270M |
| EPS (diluted) | $0.12 | $0.70 | $0.97 | $1.15 | $1.26 | $1.61 | $2.49 | $3.63 | $4.02 | $4.92 |
| Diluted shares | 54M | 55M | 55M | 56M | 56M | 56M | 57M | 57M | 57M | 55M |
| Gross margin | 58.7% | 62.0% | 70.1% | 69.4% | 65.9% | 66.7% | 73.5% | 75.0% | 74.5% | 74.2% |
| Operating margin | 2.4% | 4.3% | 12.6% | 12.1% | 9.2% | 10.0% | 14.1% | 20.3% | 20.7% | 23.4% |
| Net margin | 2.2% | 10.5% | 12.0% | 11.8% | 11.2% | 10.7% | 12.8% | 16.1% | 15.4% | 16.3% |
Balance sheet
Fiscal years, from Paylocity Holding's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $103M | $138M | $162M | $285M | $207M | $140M | $289M | $402M | $398M | $272M |
| Receivables | $2M | $3M | $4M | $5M | $6M | $16M | $25M | $33M | $42M | $50M |
| Total current assets | $1.1B | $1.4B | $1.6B | $1.7B | $2.0B | $4.2B | $3.0B | $3.5B | $3.3B | $3.7B |
| Property, plant and equipment | $41M | $62M | $70M | $67M | $60M | $63M | $64M | $61M | $54M | $71M |
| Goodwill | $6M | $10M | $10M | $22M | $34M | $102M | $102M | $109M | $343M | $379M |
| Total assets | $1.1B | $1.5B | $1.8B | $2.0B | $2.4B | $4.8B | $3.7B | $4.2B | $4.4B | $4.9B |
| Total current liabilities | $975M | $1.3B | $1.5B | $1.4B | $1.9B | $4.1B | $2.8B | $3.1B | $2.9B | $3.4B |
| Total liabilities | $990M | $1.3B | $1.5B | $1.6B | $1.9B | $4.2B | $2.9B | $3.2B | $3.2B | $3.7B |
| Shareholders' equity | $148M | $213M | $308M | $393M | $477M | $613M | $843M | $1.0B | $1.2B | $1.2B |
| Net debt | -$103M | -$137M | -$132M | -$251M | -$202M | -$140M | -$289M | -$402M | -$398M | -$272M |
Cash flow
Fiscal years, from Paylocity Holding's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $62M | $98M | $115M | $113M | $125M | $155M | $283M | $385M | $418M | $533M |
| Capital spending | $35M | $37M | $31M | $42M | $38M | $53M | $67M | $79M | $75M | $105M |
| Free cash flow | $27M | $61M | $84M | $70M | $87M | $102M | $216M | $306M | $343M | $428M |
| Stock-based compensation | $27M | $30M | $39M | $47M | $63M | $96M | $147M | $146M | $143M | $139M |
| Share buybacks (net) | — | — | -$35M | — | — | $0 | $0 | -$150M | -$150M | -$398M |
| Free cash flow margin | 9.0% | 16.4% | 18.7% | 12.9% | 13.7% | 12.1% | 19.7% | 23.9% | 23.3% | 25.9% |
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Open PCTY in InvestinglyQuestions
What was Paylocity Holding's revenue in 2026?
$1.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Paylocity Holding generate?
$428M in fiscal 2026 (operating cash flow minus capital spending).
From Paylocity Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.