Galaxy Payroll Group
Provides payroll outsourcing and employer-of-record services across Asia through local entities and partners.
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Profile
Provides payroll outsourcing and employer-of-record services, charging recurring per-employee or employment-administration fees while operating directly in select Asian markets and through local partners elsewhere. Its revenue base depends heavily on mainland China, channel customers, and locally executed compliance.
Processes outsourced payroll and employer-of-record work for multinational customers and human-resources service providers, calculating pay and statutory deductions, arranging bank payments, maintaining records, and preparing employment-related tax filings. For employment services, legally employs customer-selected candidates directly or through in-country partners, seconds them to end-users, and manages employment administration.
Delivers payroll outsourcing directly in mainland China, Hong Kong, Taiwan, and Macau, while its employment-services network extends across Asia-Pacific through owned entities and local partners. Revenue is concentrated in mainland China, and delivery depends on regulatory execution, channel relationships, in-country partners, and secure handling of employee data and client funds. Founder-held Class B shares carry greater voting power than Class A shares.
Company facts
Key statistics
Year to date −38.6% · Average volume (30d) 260.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Fiscal year | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise |
|---|---|---|---|---|---|---|
| 2024 | — | $2.10 | — | — | $44.3M | — |
| 2023 | — | $3.26 | — | — | $19.7M | — |
| 2022 | — | $14.22 | — | — | $46.9M | — |
| 2021 | — | $6.06 | — | — | $34.8M | — |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $963.1K | $874.3K | $224.8K | $221.9K | $894.7K | $229.4K | |
| Gross profit | $555.0K | $314.5K | $80.9K | $109.5K | $320.0K | $81.1K | |
| Operating income | $71.5K | −$510.0K | −$131.1K | −$321.8K | −$91.9K | −$23.6K | |
| Net income | $55.2K | −$499.6K | −$128.4K | −$321.4K | −$73.1K | −$18.8K | |
| Diluted EPS | $0.03 | −$0.29 | −$0.08 | −$0.18 | −$0.04 | −$0.01 | |
| Gross margin | 57.6% | 36.0% | 36.0% | 49.3% | 35.8% | 35.4% | |
| Operating margin | 7.4% | -58.3% | -58.3% | -145.0% | -10.3% | -10.3% |
Fiscal years (4-quarter sums)FY21 $4.4M · FY22 $6.0M · FY23 $2.5M · FY24 $5.6M
Revenue by geography · FY25
Balance sheet, Dec 31, 2025Cash & short-term investments $543.8K · Total debt $14.0K · Total assets $720.8K · Shareholders' equity $422.8K
Dividends
No dividends on record.
Ownership
Shares outstanding 1.96M · Float 242.2K · 12.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Yiu Kong Kenneth But · director, 10 percent owner, officer: Chief Operating Officer | 240.0K | 12.23% | Form 4 | Aug 3, 2026 |
| Wai Hong Lao · director, 10 percent owner, officer: Chief Executive Officer | 240.0K | 12.23% | Form 4 | Aug 3, 2026 |
| Wai Cheung Yeung · 10 percent owner, officer: Chief Financial Officer | 240.0K | 12.23% | Form 4 | Aug 3, 2026 |
| HRT Financial LP | 10.1K | 0.51% | 13F | Feb 12, 2026 |
| UBS Group AG | 100 | 0.01% | 13F | Jan 29, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- ADP
Direct Hong Kong and multinational payroll-outsourcing rival.
- ManpowerGroup
Global workforce provider spanning temporary staffing and talent outsourcing.
- Alight
Multi-country payroll platform for global enterprise buyers.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Galaxy Payroll Group | $1.00 | −7.41% | $2.1M | — | — | 1.6 | — |
| ADP | $286.34 | −0.36% | $114.92B | 26.3 | 23.4 | 5.2 | +6.8% |
| ManpowerGroup | $62.35 | −0.06% | $2.90B | 28.2 | 15.3 | 0.2 | +7.5% |
| Alight | $14.02 | −0.28% | $369.3M | — | 3.1 | 0.2 | −3.2% |
| Median | 27.2 | 15.3 | 0.2 | +6.8% |