Paylocity Holding Corporation
PCTY
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Paylocity operates in a growing industry, providing essential software solutions for HR and payroll, which are increasingly being adopted by businesses of all sizes.
- In the most recent quarter, Paylocity reported a revenue of $445 million, although this reflects an 11% decrease from the previous quarter.
- Despite the revenue dip, the company maintains a strong operating margin of 19% and a gross margin of 67.5%, indicating solid profitability.
- The competitive landscape in the software application industry is intensifying, with numerous players vying for market share, which could pressure margins.
- Paylocity's trailing P/E ratio stands at 29.71, suggesting that the stock may be overvalued compared to industry peers.
- The company's net income decreased to $60.3 million in the latest quarter, down from $111.25 million in the previous quarter, highlighting potential profitability concerns.
Fundamentals
| Market cap | $8.47B | Enterprise value | $7.98B | Trailing P/E | 31.10 | Forward P/E | 15.74 |
| PEG | 1.20 | Price / book | 6.94 | Beta | 0.50 | Dividend yield | 0.00% |
| Revenue growth | 11.0% | Earnings growth | 27.6% | Gross margin | 69.3% | Operating margin | 19.1% |
| Profit margin | 15.2% | ROE | 22.0% | ROA | 5.2% | Debt / equity | 0.11 |
| Current ratio | 1.09 | Free cash flow | $359.87M | Analyst recommendation | strong_buy | Mean target | $172.20 |
| 52w high | $161.93 | 52w low | $92.99 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $445M | $502M | $416M | $408M | $401M | — |
| Op margin | 19.0% | 31.3% | 16.9% | 18.2% | 16.5% | — |
| Net income | $60.3M | $111M | $50.2M | $48.0M | $48.6M | — |
| Gross margin | 67.5% | 72.3% | 67.8% | 68.5% | 67.8% | — |
| Gross profit | $300M | $363M | $282M | $280M | $272M | — |
| Operating income | $84.4M | $157M | $70.4M | $74.2M | $66.2M | — |
- Revenue -11% vs prior quarter ($445M vs $502M).
- Gross margin 67.5% (was 72.3% prior quarter).
- Operating margin compressed to 19%.
Yearly (6y)
| 2026 | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Revenue | $1.8B | $1.6B | $1.4B | $1.2B | — |
| Op margin | 21.8% | 19.1% | 18.5% | 13.2% | — |
| Net income | $270M | $227M | $207M | $141M | — |
| Gross margin | 69.2% | 68.8% | 68.5% | 68.8% | — |
| Gross profit | $1.2B | $1.1B | $961M | $808M | — |
| Operating income | $386M | $304M | $260M | $155M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-05 · Leslie Womble is Vinson & Elkins’ New Chief Talent Officer
2026-10-05 · 1 Cash-Producing Stock Worth Your Attention and 2 We Turn Down
2026-10-03 · How EasySource’s Paylocity Marketplace Debut at Paylocity (PCTY) Has Changed Its Investment Story
2026-09-30 · BILL Expands Embedded Payments Reach With Blackbaud Partnership
2026-09-29 · Paylocity expansion beyond payroll backs Bank of America "buy"
2026-09-29 · Paylocity to Benefit From Product Investments, Reaccelerating Growth, BofA Securities Says
2026-09-28 · Before You Buy Paychex Stock, Settle This
2026-09-28 · 3 Low-Volatility Stocks That Concern Us
2026-09-25 · 4 Reasons to Add BILL Holdings Stock to Your Portfolio Right Now
2026-09-23 · Paylocity Holding (PCTY) Lands The New York Jets, Is A 15% Discount Still Real?
2026-09-23 · Paylocity Holding (PCTY) Becomes Official HCM Platform For A Major NFL Team
2026-09-22 · How Will Paychex Stock React To Its Upcoming Earnings?
Price (daily)
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