Filing Flows › Paylocity Holding (PCTY) › Q1 FY27 › vs Q1 FY26
Paylocity Holding (PCTY) Q1 FY27 vs Q1 FY26 (year over year)
Paylocity Holding's revenue rose $43.5M (+11%) from $408M in Q1 FY26 to $452M in Q1 FY27. The biggest changes: Recurring fees +$45.0M (+12%); Other revenues −$2.1M (-7%); Implementation services and other +$586K (+4%). Gross margin 67.3% against 68.5% (-1.2 pts).
Paylocity Holding, Q1 FY27: revenue $452M (+11% year over year), operating margin 18.2%, net earnings $57.6M, operating cash flow $79.7M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 67.3% | 68.5% | -1.2 pts |
| Operating margin | 18.2% | 18.2% | +0.0 pts |
| Net margin | 12.8% | 11.8% | +1.0 pts |
| Free cash flow margin | 12.4% | 16.5% | -4.0 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Recurring fees | $409M | $364M | $45.0M | +12% |
| Implementation services and other | $15.1M | $14.6M | $586K | +4% |
| Other revenues | $27.2M | $29.3M | −$2.1M | -7% |
| Revenue | $452M | $408M | $43.5M | +11% |
| Gross profit | $304M | $280M | $24.3M | +9% |
| Cost of revenue | $148M | $128M | $19.2M | +15% |
| Operating profit | $82.2M | $74.2M | $8.0M | +11% |
| Operating expenses | $222M | $206M | $16.3M | +8% |
| Pre-tax earnings | $82.6M | $74.9M | $7.7M | +10% |
| Research & development | $59.0M | $55.6M | $3.4M | +6% |
| Sales & marketing | $101M | $96.4M | $4.8M | +5% |
| General & admin | $61.7M | $53.6M | $8.1M | +15% |
| Net earnings | $57.6M | $48.0M | $9.7M | +20% |
| Income tax | $24.9M | $26.9M | −$2.0M | -7% |
| Depreciation & amortization | $29.9M | $27.5M | $2.5M | +9% |
| Share-based compensation | $43.3M | $37.8M | $5.4M | +14% |
| Working capital & other | $51.1M | $26.8M | $24.3M | +90% |
| Operating cash flow | $79.7M | $86.5M | −$6.8M | -8% |
| Free cash flow (company-reported) | $56.1M | $67.2M | −$11.1M | -16% |
| Capitalized internal-use software costs | $20.4M | $15.5M | $5.0M | +32% |
| Purchases of property and equipment | $3.1M | $3.8M | −$692K | -18% |
Questions
How much did Paylocity Holding's revenue grow year over year in Q1 FY27?
Paylocity Holding's revenue rose $43.5M (+11%) from $408M in Q1 FY26 to $452M in Q1 FY27.
What drove Paylocity Holding's revenue change in Q1 FY27?
Recurring fees +$45.0M (+12%); Other revenues −$2.1M (-7%); Implementation services and other +$586K (+4%).