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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$444.7M+11.0%
Gross profit$300.4M+10.5%
Operating income$84.4M+27.5%
Net income$60.3M+24.1%
EPS (diluted)$1.11+27.6%

Balance sheet

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Cash & equivalents$271.9M-89.0%
Total debt$133.0M-39.0%
Total equity$1.2B-1.0%
Total assets$4.9B+11.3%

Cash flow

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Operating cash flow$111.9M+29.3%
CapEx$20.6M+279%
Free cash flow$91.3M+12.5%

Valuation

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Market cap$8.04B-22.3%
Enterprise value$7.9B-2.2%
P/E29.8×-15.7×
P/S4.5×-1.9×

Profitability

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Gross margin69.2%+0.4pp
Operating margin21.8%+2.7pp
Net margin15.2%+1.0pp
FCF margin28.1%+2.7pp

Returns & leverage

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Return on equity22%+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 source filing: Paylocity’s 10-K, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 10:02 AM EDT
Fiscal year
FY2026
Accession
0001591698-26-000069

FAQ

What is Paylocity's business segments — research and development expense, adjusted?
Paylocity (PCTY) reported business segments — research and development expense, adjusted of $49.34M in Q2 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 14.1% year-over-year, from $43.24M to $49.34M.
What is the long-term trend for Paylocity's business segments — research and development expense, adjusted?
Over 3 years (2023 to 2026), Paylocity's business segments — research and development expense, adjusted has grown at a 14.4% compound annual growth rate (CAGR), from $124.88M to $186.84M.
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.

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