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Paylocity

PCTY

Paylocity is a leading provider of cloud-based human capital management (HCM), payroll, and spend management software designed for the modern workforce.

Market cap
$6.97B-32.3%
Revenue$1.7B+11.3%
Net income$258.0M+13.5%
Free cash flow$487.0M+22.5%
EPS (diluted)$4.70+17.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$431.5M
EPS estimate$1.62

Financials

Q3 2026

Income statement

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Revenue$502.3M+10.5%
Gross profit$363.2M+11.9%
Operating income$157.0M+23.6%
Net income$111.3M+21.6%
EPS (diluted)$2.05+27.3%

Balance sheet

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Cash & equivalents$3.5B+4.1%
Total debt$134.6M-55.3%
Total equity$1.2B-2.3%
Total assets$5.4B+5.3%

Cash flow

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Operating cash flow$217.9M+17.2%
CapEx$8.4M+262%
Free cash flow$209.5M+14.1%

Valuation & ratios

Valuation

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Market cap$6.97B-32.3%
Enterprise value$3.57B-55.5%
P/E27×-18.3×
P/S-2.4×

Profitability

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Gross margin69.3%+0.6pp
Operating margin21.3%+1.9pp
Net margin14.9%+0.3pp
FCF margin28.2%+2.6pp

Returns & leverage

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Return on equity21.6%+1.9pp
Debt / equity0.1×-0.1×
Current ratio1.1×-0.1×

Segments

By product

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Recurring fees$453.3M+12.0%
Implementation services and other$16.6M+2.6%

By segment

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Reportable Segment$502.3M+10.5%

Competitors

Profile

Paylocity is a leading provider of cloud-based human capital management (HCM), payroll, and spend management software designed for the modern workforce. The company's platform automates core HR processes while emphasizing employee engagement, culture building, and talent retention through a unified system of record. Their value proposition centers on delivering a highly configurable SaaS suite that balances enterprise-grade functionality with an intuitive user experience for mid-market organizations.

Competitive position

Paylocity positions itself as a modern, agile alternative to legacy payroll providers and expensive enterprise software, focusing on high-touch customer service and AI-integrated employee experiences.

GeographiesUnited States
Customer segmentsMid-market enterprises, Small and medium-sized businesses (SMB)
Business modelSubscription SaaS, B2B
SuppliersCloud infrastructure providers, Data center operators, Software developers, AI model researchers
CustomersMid-market employers, HR departments, Corporate finance teams
Listed2014
Employees6.1K
CEOToby J. Williams
FilingsSEC EDGAR

Questions, answered.

What is Paylocity's market cap?
Paylocity (PCTY) has a market capitalization of $7.0B and trades on NASDAQ.
What is Paylocity's revenue and profitability?
Paylocity generated $1.7B in trailing twelve-month revenue with net income of $258.0M, representing a net margin of 14.9%. Gross margin stands at 69.3%, with free cash flow of $487.0M. These figures are based on the Q1 2026 filing.
Who are Paylocity's competitors?
Paylocity's key competitors include Paycom Software, Inc., Workday, Inc., Paychex, Inc., and others. These companies compete in similar markets and product categories.
Where is Paylocity headquartered?
Paylocity is headquartered in United States of America and employs approximately 6,100 people. It has been publicly traded since 2014.