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Software - Application · Technology · Fiscal year ends Jun 30
Paylocity reported revenue of $1.7B in the fiscal year ended Jun 2026, up 12.2% from the year before. Operating income was $386M, an operating margin of 23.4%, and net income was $270M. Operating cash flow of $533M less capital expenditure of $36M left free cash flow of $497M. It held more cash than debt (net cash $191M).
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 848 | 1,098 | 1,282 | 1,472 | 1,651 |
| Cost of revenue | 287 | 367 | 442 | 498 | 546 |
| Gross profit | 566 | 808 | 961 | 1,097 | 1,226 |
| Research & development | 103 | 164 | 178 | 206 | 221 |
| Selling, general & admin | 378 | 489 | 522 | 587 | 618 |
| Operating income | 84.6 | 155 | 260 | 304 | 386 |
| Pre-tax income | 83.6 | 159 | 277 | 309 | 387 |
| Income tax | −7.2 | 17.8 | 70.2 | 81.9 | 118 |
| Net income | 90.8 | 141 | 207 | 227 | 270 |
| Diluted EPS | 1.61 | 2.49 | 3.63 | 4.02 | 4.92 |
| Diluted shares | 56.4 | 56.6 | 57.0 | 56.6 | 54.8 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 140 | 289 | 402 | 398 | 272 |
| Receivables | 15.8 | 25.1 | 33.0 | 41.6 | 50.1 |
| Current assets | 4,232 | 3,048 | 3,524 | 3,312 | 3,723 |
| Net PP&E | 62.8 | 64.1 | 60.6 | 54.2 | 71.4 |
| Goodwill | 102 | 102 | 109 | 343 | 379 |
| Total assets | 4,809 | 3,696 | 4,245 | 4,389 | 4,884 |
| Payables | 8.4 | 6.2 | 8.6 | 17.3 | 10.9 |
| Deferred revenue | 13.5 | 24.5 | 25.9 | 35.7 | 42.6 |
| Current liabilities | 4,121 | 2,775 | 3,117 | 2,905 | 3,420 |
| Long-term debt | – | – | 0.0 | 163 | 81.3 |
| Total liabilities | 4,196 | 2,853 | 3,212 | 3,156 | 3,663 |
| Shareholders' equity | 613 | 843 | 1,033 | 1,234 | 1,221 |
| Backlog (remaining obligations) | 51.8 | 62.9 | 77.0 | 147 | 238 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 155 | 283 | 385 | 418 | 533 |
| Capital expenditure | 18.1 | 21.9 | 18.0 | 13.1 | 36.2 |
| Free cash flow | 137 | 261 | 367 | 405 | 497 |
| Depreciation & amortisation | 50.2 | 60.9 | 76.4 | 99.6 | 112 |
| Stock-based compensation | 96.2 | 147 | 146 | 143 | 139 |
| Acquisitions | 108 | 0.0 | 12.0 | 278 | 49.2 |
| Share buybacks | 0.0 | 0.0 | 150 | 150 | 398 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 29.5% | 16.7% | 14.8% | 12.2% |
| Operating income growth (YoY) | – | 83.3% | 67.8% | 16.9% | 27.0% |
| EPS growth (YoY) | – | 54.7% | 45.8% | 10.7% | 22.4% |
| Gross margin | 66.7% | 73.5% | 75.0% | 74.5% | 74.2% |
| Operating margin | 10.0% | 14.1% | 20.3% | 20.7% | 23.4% |
| Net margin | 10.7% | 12.8% | 16.1% | 15.4% | 16.3% |
| Return on equityBlank when equity is negative | 14.8% | 16.7% | 20.0% | 18.4% | 22.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 12.3% | 16.8% | 23.1% | 20.5% | 26.4% |
| Free cash flow margin | 16.2% | 23.8% | 28.6% | 27.5% | 30.1% |
| Cash conversion (CFO ÷ net income) | 1.71x | 2.01x | 1.86x | 1.84x | 1.98x |
| Receivable days | 7 | 8 | 9 | 10 | 11 |
| Payable days | 11 | 6 | 7 | 13 | 7 |
| Debt ÷ equity | – | – | 0.00x | 0.13x | 0.07x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | – | −402 | −236 | −191 |
| Current ratio | 1.03x | 1.10x | 1.13x | 1.14x | 1.09x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.