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Paylocity Holding (PCTY) earnings and revenue breakdown

Latest: Q1 FY27 · 10-Q filed Nov 6, 2026 · Paylocity Holding (PCTY) Q1 FY27 earnings results →

Q1 FY27 Revenue up 11% year over year to $452M · 13¢ of every $1 of revenue kept as net profit · operating margin 18.2%

Paylocity Holding made $452M in Q1 FY27 (+11% Y/Y): Recurring fees $409M, Other revenues $27.2M, Implementation services and other $15.1M. Operating margin 18.2%, net earnings $57.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$452M
Year over year+11%
Operating margin18.2%
Net earnings$57.6M
Operating cash flow$79.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $451.7M in Q1 FY27, up 11% year over year and up 2% from the previous quarter. Recurring fees was the largest line at 91% of revenue. Recurring fees added $45.0M year over year (up 12%), 104% of the total change.

Gross margin was 67.3%, down 1.2 points from Q1 FY26. Operating profit was $82.2M, a 18.2% margin (unchanged year over year). Of the extra revenue versus Q1 FY26, 18% reached operating profit, above the 18% margin then. Operating expenses grew 8% against revenue growth of 11%. The fastest-growing cost line was General & admin (+15%). Net earnings were $57.6M, up 20% year over year. The effective tax rate was 30.2%.

Operating cash flow was $79.7M (down 8% year over year), 138% of net earnings. Non-cash charges added back $29.9M of depreciation and amortization and $43.3M of share-based compensation. Working capital and other items used $51.1M. After capitalized internal-use software costs ($20.4M) and purchases of property and equipment ($3.1M), free cash flow as the company reports it was $56.1M.

Quarterly history

Paylocity Holding revenue by quarterPaylocity Holding revenue by quarter$455MQ3 FY25$401MQ4 FY25$408MQ1 FY26$416MQ2 FY26$502MQ3 FY26$445MQ4 FY26$452MQ1 FY27
Paylocity Holding net earnings by quarterPaylocity Holding net earnings by quarter$91.5MQ3 FY25$48.6MQ4 FY25$48.0MQ1 FY26$50.2MQ2 FY26$111MQ3 FY26$60.3MQ4 FY26$57.6MQ1 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q1 FY2710-QNov 6, 2026$452M+11%18.2%$57.6M$79.7M
Q4 FY2610-KAug 5, 2026$445M+11%19.0%$60.3M$112M
Q3 FY2610-QMay 8, 2026$502M+10%31.3%$111M$218M
Q2 FY2610-QFeb 6, 2026$416M+10%16.9%$50.2M$117M
Q1 FY2610-QNov 5, 2025$408M+12%18.2%$48.0M$86.5M
Q4 FY2510-KAug 6, 2025$401M+12%16.5%$48.6M$86.6M
Q3 FY2510-QMay 2, 2025$455M+13%27.9%$91.5M$186M

Charts

Paylocity Holding: revenue growth, year over year and quarter over quarterPaylocity Holding: revenue growth, year over year and quarter over quarterY/YQ/Q+13%Q3 FY25+12%-12%Q4 FY25+12%+2%Q1 FY26+10%+2%Q2 FY26+10%+21%Q3 FY26+11%-11%Q4 FY26+11%+2%Q1 FY27
Latest (Q1 FY27): Y/Y +11%, Q/Q +2%.
Paylocity Holding: where the cash came from (+) and went (−), TTM to Q1 FY27Paylocity Holding: where the cash came from (+) and went (−), TTM to Q1 FY27Operating cash flow$526MBuybacks−$351MCash drawn (+) / kept (−)−$167MOther financing$148MOther investing−$132MNet borrowing (+) / repaid (−)$50.0MTaxes on employees’ shares−$38.6MCapital spending−$35.5M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Paylocity Holding: profit against cash, quarter by quarterPaylocity Holding: profit against cash, quarter by quarterNet incomeOperating cash flow$37.5M$54.2MQ2 FY25$91.5M$186MQ3 FY25$48.6M$86.6MQ4 FY25$48.0M$86.5MQ1 FY26$50.2M$117MQ2 FY26$111M$218MQ3 FY26$60.3M$112MQ4 FY26$57.6M$79.7MQ1 FY27
Latest (Q1 FY27): Net income $57.6M, Operating cash flow $79.7M.
Paylocity Holding: diluted shares by fiscal yearPaylocity Holding: diluted shares by fiscal year56MFY2156MFY2257MFY2357MFY2457MFY2555MFY26
-2.7% since FY21: buybacks shrank the count.
Paylocity Holding in its industry: growth against margin (192 companies, SIC 7372)Paylocity Holding in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYPCTY (+11%, 18%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Paylocity Holding

We are a leading cloud-based provider of human capital management (“HCM”), finance and IT software solutions. Our unified, easy-to-use platform helps businesses streamline HR, finance, and IT operations, manage spend and talent, and build culture and connection with artificial intelligence (“AI”) embedded directly into everyday workflows to save time, reduce manual effort, and support better decision-making. Excluding clients acquired through acquisitions, as of June 30, 2026, we provided our software-as-a-service (“SaaS”) solutions to approximately 44,400 clients across the U.S., which on average had over 150 employees.

In its own words, from its 10-K, filed Aug 5, 2026.

Paylocity Holding against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +14%. Operating margin: 18.2% against the peers' median 18.2%.

CompanyQuarterRevenueY/YOp. margin
PCTY Paylocity HoldingQ1 FY27$452M+11%18.2%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Paylocity Holding 10-Q on SEC EDGAR · CIK 1591698 · Services-Prepackaged Software

Guidance and outlook

Paylocity Holding Revenue: guidance against what was reportedPaylocity Holding Revenue: guidance against what was reportedguided rangereported (above / within / below)Q1 FY26$408MQ2 FY26$416MQ3 FY26$502MFY26$1.8BQ4 FY26$445MFY27Q1 FY27$452MQ2 FY27
Met or beat 9 of 9 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Paylocity Holding: what its forward-looking statements are about (10-Q filed 2026-11-06)Paylocity Holding: what its forward-looking statements are about (10-Q filed 2026-11-06)Demand6Capital spending5Costs4Other2Margins2Financing1
20 statements; tone +0.80 (−1 all cautious, +1 all confident); 3 hedged.
Paylocity Holding: outlook statements against the filing beforePaylocity Holding: outlook statements against the filing beforeConfident17Cautious1

13F: who owns PCTY and who is buying

Largest holders of PCTY (13F)Largest holders of PCTY (13F)Vanguard Group$635MBlackRock$430MT. Rowe Price Investment Manageme…$325MAQR Capital Management LLC$246MVanguard Portfolio Management LLC$229MVanguard Capital Management LLC$203MCitadel Advisors LLC$157MMorgan Stanley$149MState Street$146MUBS Group AG$136M
Funds' net buying of PCTY by quarter (13F)Funds' net buying of PCTY by quarter (13F)−$37.1M2024-09−$80.1M2024-12$135M2025-03$157M2025-06−$353M2025-09$516M2025-12$10.1M2026-03$89.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PCTY

History

Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results

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中文版：Paylocity Holding（PCTY）财报

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