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Elastic N.V. vs Paylocity Holding: ESTC and PCTY compared
Elastic N.V. is the larger company: $478M of revenue in its latest quarter (Q1 FY27) against $452M for Paylocity Holding (Q1 FY27). Elastic N.V. is growing faster (+15% against +11% a year earlier). Paylocity Holding is more profitable, with an operating margin of 18.2% against -4.9%.
Where the money goes: ESTC and PCTY
Elastic N.V. (ESTC) · Q1 FY27
Elastic N.V., Q1 FY27: revenue $478M (+15% year over year), operating margin -4.9%, net loss $16.7M, operating cash flow $132M. The chart follows the revenue to costs, profit and cash.
Paylocity Holding (PCTY) · Q1 FY27
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.
| Elastic N.V. (ESTC) | Paylocity Holding (PCTY) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q1 FY27 |
| Revenue | $478M | $452M |
| Revenue growth, Y/Y | +15% | +11% |
| Gross margin | — | 67.3% |
| Operating margin | -4.9% | 18.2% |
| Net earnings | −$16.7M | $57.6M |
| Net margin | -3.5% | 12.8% |
| Operating cash flow | $132M | $79.7M |
| Free cash flow | $131M | $56.1M |
| Market value | $9.0B | $9.3B |
| P/E | 24.0× | 33.3× |
| Analysts’ mean target | $111.74 | $189.15 |
Where the revenue comes from
Elastic N.V.
- Total subscription: $449M (94%)
- Services: $29.4M (6%)
Paylocity Holding
- Recurring fees: $409M (91%)
- Other revenues: $27.2M (6%)
- Implementation services and other: $15.1M (3%)
Questions
Which is bigger, Elastic N.V. or Paylocity Holding?
Elastic N.V. is the larger company: $478M of revenue in its latest quarter (Q1 FY27) against $452M for Paylocity Holding (Q1 FY27).
Is Elastic N.V. or Paylocity Holding growing faster?
Elastic N.V. is growing faster (+15% against +11% a year earlier).
Which is more profitable, Elastic N.V. or Paylocity Holding?
Paylocity Holding is more profitable, with an operating margin of 18.2% against -4.9%.
More: Elastic N.V. earnings · how Elastic N.V. makes money · Paylocity Holding earnings · how Paylocity Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.