Filing Flows › Paylocity Holding (PCTY) › Q4 FY25
Paylocity Holding (PCTY) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 6, 2025
Paylocity Holding (PCTY) reported revenue of $401M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and -12% from the quarter before. Operating margin was 16.5%, net earnings $48.6M (12.1% of revenue).
Paylocity Holding, Q4 FY25: revenue $401M (+12% year over year), operating margin 16.5%, net earnings $48.6M, operating cash flow $86.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $401M | -12% | +12% |
| Gross profit | $272M | -16% | +13% |
| Operating profit | $66.2M | -48% | +5% |
| Net earnings | $48.6M | -47% | -0.4% |
| Operating cash flow | $86.6M | -53% | +8% |
| Free cash flow | $81.1M | -56% | +10% |
What changed
Revenue was $400.7M in Q4 FY25, up 12% year over year and down 12% from the previous quarter.
Gross margin was 67.8%, up 0.6 points from a year earlier. Operating profit was $66.2M, a 16.5% margin (down 1.1 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 18% margin then. Operating expenses grew 16% against revenue growth of 12%. The fastest-growing cost line was General & admin (+19%). Net earnings were $48.6M, roughly flat year over year. The effective tax rate was 27.2%.
Operating cash flow was $86.6M (up 8% year over year), 178% of net earnings. Non-cash charges added back $26.5M of depreciation and amortization and $30.3M of share-based compensation. Working capital and other items used $18.8M. Capital expenditures of $5.4M left free cash flow of $81.1M.
Questions
What was Paylocity Holding's revenue in the fourth quarter fiscal 2025?
Paylocity Holding (PCTY) reported revenue of $401M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and -12% from the quarter before.
Was Paylocity Holding profitable in the fourth quarter fiscal 2025?
Operating profit was $66.2M (16.5% of revenue) and net earnings $48.6M.
Source: Paylocity Holding 10-K on SEC EDGAR.