What is Paylocity's cash ratio?

Paylocity (PCTY) reported cash ratio of 0.9× in Q1 2026.

How has Paylocity's cash ratio changed year-over-year?

Paylocity's cash ratio decreased by 6.6% year-over-year, from 0.9× to 0.9×.

What is the long-term trend for Paylocity's cash ratio?

Over 4 years (2021 to 2025), Paylocity's cash ratio has grown at a -4.8% compound annual growth rate (CAGR), from 1× to 0.9×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Paylocity PCTY Cash ratio

Cash ratio at other companies

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0.1×0.0×

PaychexPAYX

0.2×0.0×

Workday, Inc.WDAY

0.1×-0.1×

Paycom SoftwarePAYC

0.1×-0.2×

CorpayCPAY

0.2×0.0×

ServiceNowNOW

0.3×-0.1×

Other financials

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

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Market cap$5.4B-44.4%

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×

Where this comes from

Calculated from Paylocity’s reported figures.

cash and equivalents/total current liabilities=0.9×

Based on the most recent quarter.

The official record: Paylocity’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Paylocity's cash ratio?: Paylocity (PCTY) reported cash ratio of 0.9× in Q1 2026.
How has Paylocity's cash ratio changed year-over-year?: Paylocity's cash ratio decreased by 6.6% year-over-year, from 0.9× to 0.9×.
What is the long-term trend for Paylocity's cash ratio?: Over 4 years (2021 to 2025), Paylocity's cash ratio has grown at a -4.8% compound annual growth rate (CAGR), from 1× to 0.9×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.