What is Paylocity's net debt?

Paylocity (PCTY) reported net debt of -$3.4B in Q1 2026.

How has Paylocity's net debt changed year-over-year?

Paylocity's net debt decreased by 9.9% year-over-year, from -$3.09B to -$3.4B.

What is the long-term trend for Paylocity's net debt?

Over 4 years (2021 to 2025), Paylocity's net debt has grown at a 4.9% compound annual growth rate (CAGR), from -$1.87B to -$2.26B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Paylocity PCTY Net debt

Discontinued — last reported Q3 '26

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4.5×+0.9×

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2.8×+1.1×

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1.5×+0.1×

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0.6×-0.3×

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Centrus EnergyLEU

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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

See full

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.

$134.6Mtotal debt−$3.5Bcash and equivalents=-$3.4B

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 net debt?: Paylocity (PCTY) reported net debt of -$3.4B in Q1 2026.
How has Paylocity's net debt changed year-over-year?: Paylocity's net debt decreased by 9.9% year-over-year, from -$3.09B to -$3.4B.
What is the long-term trend for Paylocity's net debt?: Over 4 years (2021 to 2025), Paylocity's net debt has grown at a 4.9% compound annual growth rate (CAGR), from -$1.87B to -$2.26B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.