Filing Flows › Paylocity Holding (PCTY) › Q1 FY27
Paylocity Holding (PCTY) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
Paylocity Holding (PCTY) reported revenue of $452M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +2% from the quarter before. Operating margin was 18.2%, net earnings $57.6M (12.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $452M | +2% | +11% |
| Gross profit | $304M | +1% | +9% |
| Operating profit | $82.2M | -3% | +11% |
| Net earnings | $57.6M | -4% | +20% |
| Operating cash flow | $79.7M | -29% | -8% |
| Free cash flow | $56.1M | — | -16% |
What changed
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.
Questions
What was Paylocity Holding's revenue in the first quarter fiscal 2027?
Paylocity Holding (PCTY) reported revenue of $452M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +2% from the quarter before.
Was Paylocity Holding profitable in the first quarter fiscal 2027?
Operating profit was $82.2M (18.2% of revenue) and net earnings $57.6M.
Source: Paylocity Holding 10-Q on SEC EDGAR.