Paylocity Holding Corp
paylocity.comWhat Do They Do?
Provides businesses with cloud-based software for payroll, human resources, finance and IT, including tools for managing employees, spending and workplace operations.
10-K for FY2026, filed Aug 5, 2026We are a leading cloud-based provider of human capital management (“HCM”), finance and IT software solutions. Our unified, easy-to-use…View ↗
Our platform automates processes across the employee lifecycle in one place, so organizations save time, reduce administrative burden, and…View ↗
Our HCM, finance and IT software solutions deliver a unified platform for the modern workplace. Our platform offers a unified, easy-to-use…View ↗
How Do They Make Money?
Businesses pay monthly per employee for payroll and HR software and related services as they are provided; they also pay upfront implementation fees to set up their cloud modules.
10-K for FY2026, filed Aug 5, 2026The Company derives its revenue from contracts substantially all from recurring service fees. While the majority of its agreements are…View ↗
Substantially all of the Company’s recurring fees are satisfied over time as services are provided. The performance obligations related to…View ↗
Implementation services and other consist mainly of nonrefundable implementation fees, which involve setting the client up in, and loading…View ↗
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10-K for FY2026, filed Aug 5, 2026
FY2026 revenue by product or service (Recurring and other revenue) ↗
$1.8B
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10-K for FY2026, filed Aug 5, 2026
$1.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Recurring fees
Recurring
10-K for FY2026, filed Aug 5, 2026 |
96%
FY2023: 96%
|
Recurring fees, FY2026
$1.6B Sources
|
Recurring |
|
Implementation services and other
Sold outright
10-K for FY2026, filed Aug 5, 2026 |
3.9%
FY2023: 3.8%
|
Implementation services and other, FY2026
$63.9M Sources
|
Sold outright |
Who Are Their Customers?
Businesses and nonprofits in industries such as healthcare, manufacturing, restaurants, retail and technology buy through Paylocity’s direct sales force; advisors, brokers and consultants also refer prospective clients.
10-K for FY2026, filed Aug 5, 2026Excluding clients acquired through acquisitions, as of June 30, 2026, we provided our HCM, finance and IT software solutions to…View ↗
We market and sell our products and services through our direct sales force. Our direct sales force includes sales representatives who have…View ↗
We market and sell our products through our direct sales force. We generate sales leads through a variety of focused marketing initiatives…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 15 cents of every revenue dollar as net income in FY2026 and turned 28 cents into free cash flow.
10-K for FY2026, filed Aug 5, 2026
$386MView ↗
10-K for FY2026, filed Aug 5, 2026
$269.7MView ↗
10-K for FY2026, filed Aug 5, 2026
$497.1MView ↗
How Are They Changing?
Growing. Revenue grew 2.1x in 4 years, from $852.7M in FY2022 to $1.8B in FY2026, about 20% a year.
Broader software suite
The earlier report describes payroll and human resources software; the latest report also presents finance and IT software as part of its platform.
10-K for FY2023, filed Aug 4, 2023 10-K for FY2026, filed Aug 5, 2026
Who Do They Compete With?
Competes with Automatic Data Processing, Dayforce, Paychex, Paycom Software, and Ultimate Kronos Group
10-K for FY2026, filed Aug 5, 2026The market for HCM, finance and IT software solutions is both fragmented and highly competitive. Our competitors vary for each of our…View ↗
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