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Paylocity Holding cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$76.6M in Q1 FY27 · $491M over twelve months

Operating cash flow$79.7M
Capital spending−$3.1M
Free cash flow+$76.6M
Cash / net income1.4×
Cash conversion cycle5 days

Analysis

In Q1 FY27, Paylocity Holding generated $79.7M of operating cash flow and spent $3.1M on capital projects, leaving free cash flow of $76.6M. That is $6.1M less than in Q1 FY26 ($82.7M).

Over the twelve months to Sep 30, 2026, operating cash flow was $526M; the largest uses were buybacks ($351M), other investing ($132M), taxes on employees’ shares ($38.6M); besides operations, cash came from other financing ($148M), net borrowing (+) / repaid (−) ($50.0M); the cash balance rose by $167M.

Operating cash flow was $79.7M against net income of $57.6M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$43.3M, depreciation & amortization +$29.9M, prepaid and other assets −$16.2M.

Its cash conversion cycle was 5 days (receivables 11 + inventory 0 − payables 6).

Free cash flow

Paylocity Holding: free cash flow by quarterPaylocity Holding: free cash flow by quarter$51.2MQ2 FY25$184MQ3 FY25$81.1MQ4 FY25$82.7MQ1 FY26$114MQ2 FY26$210MQ3 FY26$91.3MQ4 FY26$76.6MQ1 FY27
Operating cash flow less capital spending.
Paylocity Holding: operating cash flow against capital spendingPaylocity Holding: operating cash flow against capital spendingOperating cash flowCapital spending$54.2M$3.0MQ2 FY25$186M$2.3MQ3 FY25$86.6M$5.4MQ4 FY25$86.5M$3.8MQ1 FY26$117M$3.4MQ2 FY26$218M$8.4MQ3 FY26$112M$20.6MQ4 FY26$79.7M$3.1MQ1 FY27
Latest (Q1 FY27): Operating cash flow $79.7M, Capital spending $3.1M.

Capital allocation, year by year

Paylocity Holding: where the cash came from (up) and went (down), by fiscal yearPaylocity Holding: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksFY22: Operating cash flow $155MFY22: Capital spending −$18.1MFY22: Acquisitions −$108M$155MFY22FY23: Operating cash flow $283MFY23: Capital spending −$21.9M$283MFY23FY24: Operating cash flow $385MFY24: Shares issued $19.1MFY24: Capital spending −$18.0MFY24: Acquisitions −$12.0MFY24: Buybacks −$150M$404MFY24FY25: Operating cash flow $418MFY25: Net borrowing $162MFY25: Shares issued $19.7MFY25: Capital spending −$13.1MFY25: Acquisitions −$278MFY25: Buybacks −$150M$600MFY25FY26: Operating cash flow $533MFY26: Net borrowing −$81.2MFY26: Shares issued $18.2MFY26: Capital spending −$36.2MFY26: Acquisitions −$49.2MFY26: Buybacks −$398M$551MFY26
Over these 5 years operating cash flow totalled $1.8B; the largest uses were buybacks ($698M) and acquisitions ($447M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$195M
Debt$131M
Net cash$63.3M

Paylocity Holding funds itself: free cash flow was $491M over the last twelve months, and $195M of cash and investments stands against $131M of debt.

Where the cash came from and went

Paylocity Holding: sources (+) and uses (−) of cash, Q1 FY27Paylocity Holding: sources (+) and uses (−) of cash, Q1 FY27Cash drawn (+) / kept (−)$381MOther financing−$314MBuybacks−$152MOperating cash flow$79.7MNet borrowing (+) / repaid (−)$50.0MOther investing−$27.5MTaxes on employees’ shares−$13.6MCapital spending−$3.1M
Paylocity Holding: sources (+) and uses (−) of cash, TTM to Q1 FY27Paylocity Holding: sources (+) and uses (−) of cash, 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 profit to cash

Paylocity Holding: net income to operating cash flow, Q1 FY27Paylocity Holding: net income to operating cash flow, Q1 FY27Net income$57.6MDepreciation & amortization$29.9MStock-based pay$43.3MDeferred taxes$2.7MOther non-cash$372KReceivables−$4.8MPayables−$2.5MDeferred revenue$12.7MPrepaid and other assets−$16.2MOperating cash flow$79.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2711—65
Q4 FY2610—73
Q3 FY268—62
Q2 FY269—55
Q1 FY269—81
Q4 FY2510—90
Q3 FY259—54
Q2 FY259—82

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27$79.7M−$3.1M−$152M$50.0M—$381M$76.6M
Q4 FY26$112M−$20.6M−$48.1M—$8.7M$661M$91.3M
Q3 FY26$218M−$8.4M−$50.0M——$1.5B$210M
Q2 FY26$117M−$3.4M−$100M——−$2.7B$114M
Q1 FY26$86.5M−$3.8M−$200M−$81.2M—$161M$82.7M
Q4 FY25$86.6M−$5.4M−$58.6M−$81.2M$9.1M$910M$81.1M
Q3 FY25$186M−$2.3M−$82.7M−$81.2M—$134M$184M
Q2 FY25$54.2M−$3.0M−$8.4M——−$920M$51.2M

Paylocity Holding: income statement and cash flow

Paylocity Holding, Q1 FY27: revenue $452M (+11% year over year), operating margin 18.2%. The chart follows the revenue to costs, profit and cash.

Paylocity Holding: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.