Paylocity
Unifies payroll, HR, spend management, and recruiting workflows on one cloud platform.
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Profile
Provides a cloud HCM, payroll, and spend-management platform, primarily through recurring subscriptions. The single-segment business combines HR and payroll workflows with finance tools—AP automation, expenses, corporate cards, procurement, and headcount planning—and has added recruiting automation.
Cloud HCM, payroll, and spend-management software make up one reporting segment. The platform automates HR, payroll, and spend processes and is delivered primarily through recurring subscriptions, with implementation services a smaller component.
Paylocity for Finance connects the employee record to AP automation, expense management, corporate cards, guided procurement, and headcount planning. This expansion followed the Airbase acquisition, while Grayscale added AI-driven automation to high-volume recruiting.
The business grew from a payroll provider into a broader workforce platform. Its operating model depends on continuing cloud-platform delivery and renewal, as well as integration and adoption of its finance capabilities.
Company facts
Key statistics
Year to date +8.4% · Average volume (30d) 728.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 5, 2026 | Robert W. Baird | Target | $193 | $201 | |
| Aug 5, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $190 | $165 |
| Aug 5, 2026 | KeyBanc | Reiterate | Overweight | $172 | $178 |
| Aug 5, 2026 | Barclays | Target | $128 | $154 | |
| Aug 5, 2026 | Jefferies | Reiterate | Buy | $135 | $165 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q4 FY26 | $1.62 | $1.84 | +13.6% | $431.5M | $444.7M | +3.1% | +3.13% |
| May 7, 2026Q3 FY26 | $2.43 | $2.89 | +18.9% | $489.9M | $502.3M | +2.5% | +1.70% |
| Feb 5, 2026Q2 FY26 | $1.57 | $1.85 | +17.8% | $408.6M | $416.1M | +1.8% | −7.24% |
| Nov 4, 2025Q1 FY26 | $1.57 | $1.75 | +11.5% | $400.5M | $408.2M | +1.9% | +4.40% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $454.5M | $400.7M | $408.2M | $416.1M | $502.3M | $444.7M | |
| Gross profit | $324.7M | $271.9M | $279.8M | $282.1M | $363.2M | $300.4M | |
| Operating income | $127.0M | $66.2M | $74.2M | $70.4M | $157.0M | $84.4M | |
| Net income | $91.5M | $48.6M | $48.0M | $50.2M | $111.3M | $60.3M | |
| Diluted EPS | $1.61 | $0.86 | $0.86 | $0.91 | $2.04 | $1.11 | |
| Gross margin | 71.4% | 67.8% | 68.5% | 67.8% | 72.3% | 67.5% | |
| Operating margin | 27.9% | 16.5% | 18.2% | 16.9% | 31.3% | 19.0% |
Fiscal years (4-quarter sums)FY22 $852.7M · FY23 $1.17B · FY24 $1.45B · FY25 $1.55B · FY26 $1.77B
Revenue by product · Q4 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $271.9M · Total debt $123.5M · Total assets $4.88B · Shareholders' equity $1.22B
Dividends
No dividends on record.
Ownership
Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.
Shares outstanding 53.54M · Float 42.71M · 79.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Steven Ira Sarowitz | 8.85M | 15.80% | 13G | Feb 10, 2025 |
| Steven I. Sarowitz · director, 10 percent owner: | 4.72M | 8.82% | Form 4 | Aug 26, 2026 |
| BlackRock, Inc. | 4.12M | 7.69% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 3.11M | 5.80% | 13F | Aug 14, 2026 |
| AQR Capital Management LLC | 2.35M | 4.39% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Steven I. Sarowitz | director, 10 percent owner: | −441 | $155.00 |
| Aug 20, 2026 | Steven I. Sarowitz | director, 10 percent owner: | −6,660 | $152.42 |
| Aug 19, 2026 | Andrew Cappotelli | officer: Sr Vice President Operations | −2,550 | $149.83 |
| Aug 19, 2026 | Ryan Glenn | officer: Chief Financial Officer | −3,345 | $149.75 |
| Aug 18, 2026 | Nicholas Rost | officer: VP CAO & Treasurer | −520 | $148.03 |
Peers
- ADP
HCM, payroll, and workforce-management suite for midsize employers
- Paycom Software
Single-database HCM suite spanning payroll, talent, and time
- Paychex
Payroll and HR suite for small and midsize employers
- Workday
HCM suite covering HR, payroll, talent, and workforce planning
- BILL
AP automation and spend-management platform for SMB finance teams
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Paylocity | $157.93 | +0.03% | $8.46B | 32.1 | 17.9 | 4.8 | +11.0% |
| ADP | $286.34 | −0.36% | $114.92B | 26.3 | 23.4 | 5.2 | +6.8% |
| Paycom Software | $238.53 | +0.10% | $10.75B | 25.3 | 18.1 | 5.0 | +9.8% |
| Paychex | $127.04 | +0.02% | $45.19B | 26.0 | 21.3 | 6.9 | +12.5% |
| Workday | $204.25 | −0.23% | $53.62B | 41.8 | 17.7 | 5.3 | +13.2% |
| BILL | $50.25 | −0.12% | $5.01B | — | 13.7 | 3.0 | +13.8% |
| Median | 26.1 | 18.1 | 5.2 | +12.5% |