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Paylocity PCTY Business Segments — Research and Development Expense, Adjusted

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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$5.41B-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 pcty:ResearchAndDevelopmentExpenseAdjusted.

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 business segments — research and development expense, adjusted?
Paylocity (PCTY) reported business segments — research and development expense, adjusted of $44.98M in Q1 2026.
How has Paylocity's business segments — research and development expense, adjusted changed year-over-year?
Paylocity's business segments — research and development expense, adjusted increased by 8.1% year-over-year, from $41.6M to $44.98M.
What is the long-term trend for Paylocity's business segments — research and development expense, adjusted?
Over 2 years (2023 to 2025), Paylocity's business segments — research and development expense, adjusted has grown at a 15.0% compound annual growth rate (CAGR), from $124.88M to $165.06M.
What does business segments — research and development expense, adjusted mean?
Includes the adjusted costs incurred for the development, enhancement, and maintenance of the company's proprietary software platforms and HCM tools. High investment in this area typically signals a commitment to product innovation and maintaining a competitive technological advantage.