Filing Flows › Paylocity Holding (PCTY) › Q4 FY26 › vs Q3 FY26
Paylocity Holding (PCTY) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Paylocity Holding's revenue fell $57.6M (-11%) from $502M in Q3 FY26 to $445M in Q4 FY26. Gross margin 67.5% against 72.3% (-4.8 pts).
Paylocity Holding, Q4 FY26: revenue $445M (+11% year over year), operating margin 19.0%, net earnings $60.3M, operating cash flow $112M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 67.5% | 72.3% | -4.8 pts |
| Operating margin | 19.0% | 31.3% | -12.3 pts |
| Net margin | 13.6% | 22.1% | -8.6 pts |
| Free cash flow margin | 20.5% | 41.7% | -21.2 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $445M | $502M | −$57.6M | -11% |
| Gross profit | $300M | $363M | −$62.8M | -17% |
| Cost of revenue | $144M | $139M | $5.3M | +4% |
| Operating profit | $84.4M | $157M | −$72.6M | -46% |
| Operating expenses | $216M | $206M | $9.8M | +5% |
| Pre-tax earnings | $85.2M | $157M | −$71.9M | -46% |
| Research & development | $55.5M | $52.5M | $3.0M | +6% |
| Sales & marketing | $104M | $95.7M | $8.0M | +8% |
| General & admin | $56.7M | $58.0M | −$1.2M | -2% |
| Net earnings | $60.3M | $111M | −$50.9M | -46% |
| Income tax | $24.9M | $45.8M | −$20.9M | -46% |
| Depreciation & amortization | $29.2M | $27.3M | $1.9M | +7% |
| Share-based compensation | $27.2M | $31.4M | −$4.3M | -14% |
| Working capital & other | $4.8M | −$47.9M | $52.8M | — |
| Operating cash flow | $112M | $218M | −$106M | -49% |
| Free cash flow (OCF − capex) | $91.3M | $210M | −$118M | -56% |
| Capital expenditures | $20.6M | $8.4M | $12.3M | +147% |
Questions
How much did Paylocity Holding's revenue grow quarter over quarter in Q4 FY26?
Paylocity Holding's revenue fell $57.6M (-11%) from $502M in Q3 FY26 to $445M in Q4 FY26. Gross margin 67.5% against 72.3% (-4.8 pts).