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Paylocity PCTY Payments to Develop Software

Payments to Develop Software at other companies

Freshworks, Inc. logo
Freshworks, Inc.FRSH
$3.38M+21.9%
BILL Holdings logo
BILL HoldingsBILL
$17.77M+138%

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:PaymentsToDevelopSoftware.

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 payments to develop software?
Paylocity (PCTY) reported payments to develop software of $17.7M in Q1 2026.
How has Paylocity's payments to develop software changed year-over-year?
Paylocity's payments to develop software increased by 10.9% year-over-year, from $15.97M to $17.7M.
What is the long-term trend for Paylocity's payments to develop software?
Over 4 years (2021 to 2025), Paylocity's payments to develop software has grown at a 21.5% compound annual growth rate (CAGR), from $28.59M to $62.4M.
What does payments to develop software mean?
This represents the cash outflows dedicated to the internal development or enhancement of software platforms and proprietary technology. It reflects the company's commitment to R&D and product innovation to maintain competitive advantage in the HCM market. High levels of investment in this area are essential for long-term scalability and feature expansion.