What is Paylocity's deferred revenue?

Paylocity (PCTY) reported deferred revenue of $38.97M in Q1 2026.

How has Paylocity's deferred revenue changed year-over-year?

Paylocity's deferred revenue increased by 3.7% year-over-year, from $37.58M to $38.97M.

What is the long-term trend for Paylocity's deferred revenue?

Over 4 years (2021 to 2025), Paylocity's deferred revenue has grown at a 39.5% compound annual growth rate (CAGR), from $9.44M to $35.72M.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Paylocity PCTY Deferred Revenue

Deferred Revenue at other companies

Automatic Data Processing, Inc.ADP

$269.1M+11.5%

PaychexPAYX

$69.4M0.0%

Workday, Inc.WDAY

$4.33B+13.5%

Paycom SoftwarePAYC

$121.7M+2.7%

CorpayCPAY

$7.85B+143%

ServiceNowNOW

$8.03B+19.2%

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

Reported directly by Paylocity in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

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 deferred revenue?: Paylocity (PCTY) reported deferred revenue of $38.97M in Q1 2026.
How has Paylocity's deferred revenue changed year-over-year?: Paylocity's deferred revenue increased by 3.7% year-over-year, from $37.58M to $38.97M.
What is the long-term trend for Paylocity's deferred revenue?: Over 4 years (2021 to 2025), Paylocity's deferred revenue has grown at a 39.5% compound annual growth rate (CAGR), from $9.44M to $35.72M.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.