PCTYNasdaqServices-Prepackaged SoftwareFiscal year ends June 30
Paylocity Holding Corp
Financials through Q4 FY2026, quarter ended Jun 30, 2026Last filing: 10-K on Aug 5, 2026
$166.17−0.15 (-0.09%)
Close on Oct 19, 2026
- Market cap
- $8.98B
- P/E (TTM)
- 33.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
69.2%+3.7 pts over 5 years
Operating margin
21.8%+12.7 pts over 5 years
Net margin
15.2%+4.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.0% | +14.7% | +22.7% | +22.6% | |
| Gross profit | +11.7% | +14.9% | +24.1% | +24.9% | |
| Operating income | +27.0% | +35.5% | +46.1% | – | |
| Net income | +18.8% | +24.2% | +30.7% | – | |
| EPS, diluted | +22.4% | +25.5% | +31.3% | – | |
| Free cash flow | +22.7% | +24.0% | +33.9% | +40.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 5.0% | 16.3% | 22.0% | |
| Return on assets | 0.5% | 3.2% | 5.8% | |
| Current ratio | 1.09 | 1.09 | 1.09 | |
| Capex to revenue | 7.1% | 1.5% | 2.0% | |
| Diluted shares | 54M | 56M | 55M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Paylocity generated $1.77B from operations and spent $804.98M on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$1.77B
Used
$804.98M
Capital expenditure$107.23M13%Dividends$00%Share buybacks$697.75M87%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.2%
×Asset turnover0.38×
×Equity multiplier3.78×
=Return on equity, FY202622.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 15.2% | 0.38× | 3.78× | 22.0% |
| FY2025 | 14.2% | 0.37× | 3.81× | 20.0% |
| FY2024 | 14.7% | 0.35× | 4.23× | 22.0% |
| FY2023 | 12.0% | 0.28× | 5.84× | 19.3% |
| FY2022 | 10.6% | 0.24× | 6.63× | 16.7% |
| FY2021 | 11.1% | 0.29× | 5.06× | 16.3% |
| FY2020 | 11.5% | 0.30× | 5.41× | 18.4% |
| FY2019 | 11.5% | 0.28× | 6.36× | 20.7% |
| FY2018 | 10.2% | 0.29× | 7.34× | 21.4% |
| FY2017 | 2.2% | 0.24× | 9.46× | 5.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$269.74M
- Cash generatingOperating cash flow above zero$533.25M
- Return on assets improvedROA up on the prior year5.3% → 6.1%
- Earnings backed by cashOperating cash flow above net income$533.25M vs $269.74M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.14 → 1.09
- No dilutionShare count did not rise57M → 55M
- Gross margin improvedGross margin up on the prior year68.77% → 69.19%
- More efficientAsset turnover rose0.38 → 0.40