What is Paylocity's deferred costs?

Paylocity (PCTY) reported deferred costs of $413.59M in Q1 2026.

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

Paylocity's deferred costs increased by 9.3% year-over-year, from $378.46M to $413.59M.

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

Over 4 years (2021 to 2025), Paylocity's deferred costs has grown at a 23.2% compound annual growth rate (CAGR), from $170.66M to $393.67M.

Paylocity PCTY Deferred costs

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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

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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:CapitalizedContractCostNetNoncurrent.

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 costs?: Paylocity (PCTY) reported deferred costs of $413.59M in Q1 2026.
How has Paylocity's deferred costs changed year-over-year?: Paylocity's deferred costs increased by 9.3% year-over-year, from $378.46M to $413.59M.
What is the long-term trend for Paylocity's deferred costs?: Over 4 years (2021 to 2025), Paylocity's deferred costs has grown at a 23.2% compound annual growth rate (CAGR), from $170.66M to $393.67M.