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Paylocity PCTY Contract Liabilities

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Other financials

Income statement

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Revenue$444.7M+11.0%
Gross profit$300.4M+10.5%
Operating income$84.4M+27.5%
Net income$60.3M+24.1%
EPS (diluted)$1.11+27.6%

Balance sheet

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Cash & equivalents$271.9M-89.0%
Total debt$133.0M-39.0%
Total equity$1.2B-1.0%
Total assets$4.9B+11.3%

Cash flow

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Operating cash flow$111.9M+29.3%
CapEx$20.6M+279%
Free cash flow$91.3M+12.5%

Valuation

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Market cap$8.04B-22.3%
Enterprise value$7.9B-2.2%
P/E29.8×-15.7×
P/S4.5×-1.9×

Profitability

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Gross margin69.2%+0.4pp
Operating margin21.8%+2.7pp
Net margin15.2%+1.0pp
FCF margin28.1%+2.7pp

Returns & leverage

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Return on equity22%+1.9pp
Debt / equity0.1×-0.1×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Paylocity in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Paylocity’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 10:01 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001591698-26-000037
Line itemThree Months Ended March 31, 2025Three Months Ended March 31, 2026Nine Months Ended March 31, 2025Nine Months Ended March 31, 2026
Balance at beginning of the period$28,633$33,256$24,883$28,306
Deferral of revenue12,16813,27737,32040,056
Revenue recognized(11,818)(12,048)(33,220)(33,877)
Balance at end of the period$28,983$34,485$28,983$34,485

Item 1. Financial Statements

FAQ

What is Paylocity's contract liabilities?
Paylocity (PCTY) reported contract liabilities of $34.49M in Q1 2026.
How has Paylocity's contract liabilities changed year-over-year?
Paylocity's contract liabilities increased by 19.0% year-over-year, from $28.98M to $34.49M.
What is the long-term trend for Paylocity's contract liabilities?
Over 4 years (2021 to 2025), Paylocity's contract liabilities has grown at a 34.2% compound annual growth rate (CAGR), from $8.73M to $28.31M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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