Paylocity Holding Corporation (PCTY) Income Statement
PCTY FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsPCTY revenue and net income
Where PCTY's revenue goes
FY2026Each bar shows an amount and its share of revenue. PCTY kept 15.2% of revenue as net income.
PCTY profit margins
PCTY growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| 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) | +8.9% | +14.8% | +29.9% | +38.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PCTY quarterly EPS vs estimates
Paylocity beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.46).
PCTY income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.60B | $1.40B | $1.17B | $852.7M | $635.6M | $561.3M | $467.6M | $377.5M | $300.0M |
| Cost of revenue | $545.8M | $498.2M | $441.7M | $367.0M | $287.0M | $219.3M | $182.0M | $153.9M | $149.2M | $124.0M |
| Gross profit | $1.23B | $1.10B | $960.8M | $807.6M | $565.6M | $416.3M | $379.3M | $313.8M | $228.3M | $176.0M |
| Research & development | $221.4M | $205.9M | $178.3M | $164.0M | $102.9M | $76.7M | $62.8M | $50.3M | $37.6M | $29.1M |
| Sales, general & admin | $618.1M | $587.1M | $522.4M | $488.5M | $378.1M | $281.6M | $250.4M | $207.2M | $174.7M | $139.6M |
| Total operating expenses | $839.5M | $793.0M | $700.7M | $652.5M | $481.1M | $358.3M | $313.1M | $257.6M | $212.4M | $168.7M |
| Operating income | $386.0M | $304.0M | $260.1M | $155.0M | $84.6M | $58.0M | $66.2M | $56.2M | $15.9M | $7.3M |
| Interest expense | — | $13.1M | $758,000 | $752,000 | $498,000 | $939,000 | $695,000 | $1.8M | $0 | $0 |
| Income before taxes | $387.3M | $309.1M | $277.0M | $158.6M | $83.6M | $57.1M | $67.1M | $58.0M | $16.8M | $7.4M |
| Income taxes | $117.6M | $81.9M | $70.2M | $17.8M | −$7.2M | −$13.7M | $2.7M | $4.2M | −$21.8M | $651,000 |
| Net income | $269.7M | $227.1M | $206.8M | $140.8M | $90.8M | $70.8M | $64.5M | $53.8M | $38.6M | $6.7M |
| EBITDA | $499.1M | $421.8M | $354.2M | $220.2M | $134.3M | $100.1M | $104.1M | $90.8M | $46.2M | $28.3M |
| EPS (diluted) | $7.81 | $7.17 | $6.58 | $5.16 | $3.25 | $2.11 | $1.87 | $1.37 | $1.30 | $0.66 |
| Gross margin | 69.2% | 68.8% | 68.5% | 68.8% | 66.3% | 65.5% | 67.6% | 67.1% | 60.5% | 58.7% |
| Operating margin | 21.8% | 19.1% | 18.5% | 13.2% | 9.9% | 9.1% | 11.8% | 12.0% | 4.2% | 2.4% |
| Net margin | 15.2% | 14.2% | 14.7% | 12.0% | 10.6% | 11.1% | 11.5% | 11.5% | 10.2% | 2.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $444.7M | $502.3M | $416.1M | $408.2M | $400.7M | $454.5M | $377.0M | $317.6M | $357.3M | $401.3M | $326.4M | $317.6M |
| Cost of revenue | $144.3M | $139.1M | $134.0M | $128.4M | $128.9M | $129.9M | $124.5M | $101.5M | $116.9M | $116.0M | $107.4M | $115.0M |
| Gross profit | $300.4M | $363.2M | $282.1M | $279.8M | $271.9M | $324.7M | $252.4M | $216.1M | $240.4M | $285.3M | $219.0M | $248.0M |
| Research & development | $55.5M | $52.5M | $57.7M | $55.6M | $51.0M | $51.4M | $56.2M | $44.6M | $44.2M | $43.4M | $46.1M | $47.3M |
| Sales, general & admin | $160.4M | $153.7M | $154.0M | $150.0M | $154.6M | $146.3M | $149.7M | $130.3M | $133.3M | $135.6M | $123.1M | $136.6M |
| Total operating expenses | $216.0M | $206.2M | $211.8M | $205.6M | $205.6M | $197.7M | $205.8M | $174.9M | $177.5M | $179.0M | $169.3M | $183.9M |
| Operating income | $84.4M | $157.0M | $70.4M | $74.2M | $66.2M | $127.0M | $46.6M | $41.2M | $62.9M | $106.3M | $49.7M | $64.1M |
| Income before taxes | $85.2M | $157.0M | $70.2M | $74.9M | $66.8M | $126.6M | $46.8M | $44.4M | $68.5M | $110.6M | $53.5M | $68.9M |
| Income taxes | $24.9M | $45.8M | $20.0M | $26.9M | $18.2M | $35.1M | $9.4M | $9.9M | $19.7M | $25.3M | $15.4M | $19.3M |
| Net income | $60.3M | $111.2M | $50.2M | $48.0M | $48.6M | $91.5M | $37.5M | $49.6M | $48.8M | $85.3M | $38.1M | $34.5M |
| EBITDA | $115.0M | $184.3M | $98.2M | $101.7M | $93.3M | $152.5M | $72.5M | $66.0M | $89.1M | $130.9M | $71.9M | $86.0M |
| EPS (diluted) | $1.32 | $2.89 | $1.85 | $1.75 | $1.56 | $2.43 | $1.52 | $1.66 | $1.48 | $2.21 | $1.49 | $1.40 |
| Gross margin | 67.5% | 72.3% | 67.8% | 68.5% | 67.8% | 71.4% | 67.0% | 68.1% | 67.3% | 71.1% | 67.1% | 78.1% |
| Operating margin | 19.0% | 31.3% | 16.9% | 18.2% | 16.5% | 27.9% | 12.4% | 13.0% | 17.6% | 26.5% | 15.2% | 20.2% |
| Net margin | 13.6% | 22.1% | 12.1% | 11.8% | 12.1% | 20.1% | 9.9% | 15.6% | 13.7% | 21.3% | 11.7% | 10.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PCTY's financial statements (latest annual report filed August 5, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PCTY financial results
In fiscal year 2026 (ended June 30, 2026), Paylocity reported revenue of $1.8 billion, up 11.0% from the year before. It had net income of $269.7 million (up 18.8%), a net profit margin of 15.2%. Diluted earnings per share came to $7.81. Over five years revenue grew at an average rate of 22.7% a year.
See the PCTY stock overview for the latest quote and news, or the PCTY chart for price history and technical indicators.
PCTY income statement FAQ
What is Paylocity's annual revenue?
Paylocity reported total revenue of $1.8 billion for fiscal year 2026, which ended on June 30, 2026. That was up 11.0% from $1.6 billion the previous year.
Is Paylocity profitable?
Yes. Paylocity reported net income of $269.7 million in fiscal 2026, a net profit margin of 15.2%; its operating margin was 21.8%.
What is Paylocity's gross margin?
Paylocity's gross margin was 69.2% in fiscal 2026: for every $100 of revenue, Paylocity kept $69 after the direct cost of its products and services.
How much does Paylocity spend on research and development?
Paylocity spent $221.4 million on research and development in fiscal 2026, 12.5% of revenue.
How fast is Paylocity growing?
Revenue grew 22.7% a year on average over the last five fiscal years, from $635.6 million to $1.8 billion.
What are Paylocity's earnings per share?
Paylocity earned $7.81 per diluted share in fiscal 2026, compared with $7.17 a year earlier.
When will Paylocity report its next earnings?
Paylocity is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Paylocity's fiscal year end?
Paylocity's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 5, 2026.