Paylocity Holding Corp - Understand $pcty stock

$PCTY Market Cap: $11.69 Billion

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Financial Snapshot

Revenue

$1.448B

TTM

Gross Margin

68.45%

TTM

Net Earnings

$221.8M

TTM

Current Assets

$3.296B

Q3 2024

Current Liabilities

$2.501B

Q3 2024

Current Ratio

131.81%

Q3 2024

Total Assets

$4.025B

Q3 2024

Total Liabilities

$2.919B

Q3 2024

Book Value

$1.106B

Q3 2024

Cash

$778.5M

Q3 2024

P/E

52.70

Nov 29, 2024 EST

Free Cash Flow

$350.5M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$1.403B	$1.175B	$852.7M	$635.6M	$561.3M	$467.6M	$377.5M	$300.0M	$230.7M	$152.7M	$108.7M	$77.29M	$55.10M	$39.50M
YoY Change	19.4%	37.76%	34.14%	13.24%	20.04%	23.87%	25.84%	30.04%	51.08%	40.5%	40.62%	40.29%	39.48%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$1.403B	$1.175B	$852.7M	$635.6M	$561.3M	$467.6M	$377.5M	$300.0M	$230.7M	$152.7M	$108.7M	$77.29M	$55.10M	$39.50M
Cost Of Revenue	$441.7M	$367.0M	$287.0M	$219.3M	$182.0M	$153.9M	$149.2M	$124.0M	$98.10M	$70.90M	$55.09M	$39.67M	$29.09M	$21.70M
Gross Profit	$960.8M	$807.6M	$565.6M	$416.3M	$379.3M	$313.8M	$228.3M	$176.0M	$132.6M	$81.80M	$53.59M	$37.63M	$26.00M	$17.70M
Gross Profit Margin	68.5%	68.75%	66.34%	65.5%	67.58%	67.1%	60.48%	58.67%	57.48%	53.57%	49.31%	48.68%	47.19%	44.81%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Selling, General & Admin	$522.4M	$488.5M	$378.1M	$281.6M	$250.4M	$207.2M	$174.7M	$139.6M	$109.4M	$75.90M	$50.26M	$30.77M	$21.45M	$16.20M
YoY Change	6.92%	29.19%	34.3%	12.46%	20.82%	18.6%	25.17%	27.61%	44.14%	51.03%	63.32%	43.49%	32.38%
% of Gross Profit	54.37%	60.5%	66.85%	67.63%	66.01%	66.04%	76.53%	79.32%	82.5%	92.79%	93.77%	81.78%	82.48%	91.53%
Research & Development	$178.3M	$164.0M	$102.9M	$76.71M	$62.77M	$50.33M	$37.65M	$29.10M	$26.70M	$19.90M	$10.36M	$6.825M	$1.788M	$1.600M
YoY Change	8.74%	59.36%	34.16%	22.21%	24.71%	33.69%	29.36%	8.99%	34.17%	92.18%	51.72%	281.71%	11.75%
% of Gross Profit	18.56%	20.31%	18.19%	18.42%	16.55%	16.04%	16.49%	16.53%	20.14%	24.33%	19.32%	18.14%	6.88%	9.04%
Depreciation & Amortization	$76.43M	$60.87M	$50.22M	$42.97M	$37.91M	$34.56M	$30.20M	$21.03M	$13.90M	$8.600M	$6.336M	$5.571M	$4.624M	$3.800M
YoY Change	25.56%	21.2%	16.86%	13.34%	9.69%	14.44%	43.63%	51.27%	61.63%	35.73%	13.73%	20.48%	21.68%
% of Gross Profit	7.95%	7.54%	8.88%	10.32%	10.0%	11.02%	13.23%	11.95%	10.48%	10.51%	11.82%	14.81%	17.78%	21.47%
Operating Expenses	$700.7M	$652.5M	$481.1M	$358.3M	$313.1M	$257.6M	$212.4M	$168.7M	$136.2M	$95.70M	$60.61M	$37.60M	$23.23M	$17.80M
YoY Change	7.38%	35.65%	34.27%	14.41%	21.58%	21.27%	25.89%	23.86%	42.32%	57.89%	61.21%	61.82%	30.53%
Operating Profit	$260.1M	$155.0M	$84.59M	$58.04M	$66.17M	$56.22M	$15.95M	$7.300M	-$3.600M	-$13.90M	-$7.018M	$31.00K	$2.768M	-$100.0K
YoY Change	67.77%	83.26%	45.74%	-12.28%	17.69%	252.52%	118.48%	-302.78%	-74.1%	98.06%	-22738.71%	-98.88%	-2868.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	$16.92M	$3.588M	-$997.0K	-$939.0K	$947.0K	$1.822M	$802.0K	$100.0K	-$100.0K	$100.0K	$163.0K	-$16.00K	-$196.0K	-$200.0K
YoY Change	371.63%	-459.88%	6.18%	-199.16%	-48.02%	127.18%	702.0%	-200.0%	-200.0%	-38.65%	-1118.75%	-91.84%	-2.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Pretax Income	$277.0M	$158.6M	$83.60M	$57.10M	$67.12M	$58.05M	$16.75M	$7.400M	-$3.700M	-$13.90M	-$3.817M	$1.941M	$842.0K	-$200.0K
YoY Change	74.65%	89.74%	46.39%	-14.92%	15.63%	246.52%	126.36%	-300.0%	-73.38%	264.16%	-296.65%	130.52%	-521.0%
Income Tax	$70.25M	$17.79M	-$7.180M	-$13.72M	$2.663M	$4.223M	-$21.85M	$700.0K	$200.0K	$100.0K	$255.0K	-$602.0K	$884.0K	$0.00
% Of Pretax Income	25.36%	11.22%	-8.59%	-24.02%	3.97%	7.28%	-130.42%	9.46%				-31.01%	104.99%
Net Earnings	$206.8M	$140.8M	$90.78M	$70.82M	$64.46M	$53.82M	$38.60M	$6.718M	-$3.900M	-$14.00M	-$7.110M	$617.0K	$1.688M	-$100.0K
YoY Change	46.83%	55.13%	28.18%	9.87%	19.75%	39.45%	474.55%	-272.26%	-72.14%	96.91%	-1252.35%	-63.45%	-1788.0%
Net Earnings / Revenue	14.74%	11.99%	10.65%	11.14%	11.48%	11.51%	10.22%	2.24%	-1.69%	-9.17%	-6.54%	0.8%	3.06%	-0.25%
Basic Earnings Per Share	$3.68	$2.53	$1.65	$1.30	$1.20	$1.02	$0.74				-$0.26	-$0.07	$0.02
Diluted Earnings Per Share	$3.63	$2.49	$1.61	$1.26	$1.15	$0.97	$0.70	$123.8K	-$76.62K	-$279.4K	-$0.26	-$0.07	$0.02	-$2.045K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$401.8M	$288.8M	$139.8M	$206.7M	$285.4M	$161.8M	$137.2M	$103.5M	$86.50M	$81.30M	$78.80M	$7.600M	$9.000M	$8.000M
YoY Change	39.15%	106.62%	-32.4%	-27.56%	76.39%	17.93%	32.56%	19.65%	6.4%	3.17%	936.84%	-15.56%	12.5%
Cash & Equivalents	$401.8M	$288.8M	$139.8M	$202.3M	$250.9M	$132.5M	$137.2M	$103.5M	$86.50M	$81.30M	$78.80M	$7.600M	$9.000M	$8.000M
Short-Term Investments			$0.00	$4.456M	$34.60M	$29.30M
Other Short-Term Assets	$2.992B	$2.656B	$4.017B	$1.776B	$1.341B	$1.408B	$1.238B	$957.4M	$1.247B	$596.4M	$420.7M	$358.4M	$264.5M	$300.0M
YoY Change	12.62%	-33.86%	126.21%	32.46%	-4.82%	13.8%	29.27%	-23.22%	109.09%	41.76%	17.38%	35.5%	-11.83%
Inventory
Prepaid Expenses
Receivables	$130.9M	$103.2M	$75.26M	$50.50M	$37.30M	$26.00M	$3.500M	$2.000M	$1.700M	$1.100M	$800.0K	$700.0K	$500.0K	$900.0K
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$3.524B	$3.048B	$4.232B	$2.033B	$1.663B	$1.596B	$1.378B	$1.063B	$1.335B	$678.8M	$500.3M	$366.7M	$274.1M	$308.8M
YoY Change	15.62%	-27.96%	108.16%	22.23%	4.2%	15.82%	29.68%	-20.4%	96.7%	35.68%	36.43%	33.78%	-11.24%
Property, Plant & Equipment	$94.43M	$108.1M	$112.0M	$103.8M	$115.4M	$70.10M	$62.00M	$40.80M	$26.80M	$16.10M	$13.10M	$8.600M	$7.100M	$5.000M
YoY Change	-12.67%	-3.49%	7.93%	-10.04%	64.62%	13.06%	51.96%	52.24%	66.46%	22.9%	52.33%	21.13%	42.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$24.89M	$22.18M	$26.81M	$15.83M	$9.900M	$8.400M	$23.60M	$1.500M	$800.0K	$400.0K	$300.0K	$0.00
YoY Change	12.25%	-17.27%	69.39%	59.85%	17.86%	-64.41%	1473.33%	87.5%	100.0%	33.33%
Total Long-Term Assets	$721.0M	$647.2M	$577.3M	$382.0M	$322.4M	$207.7M	$129.4M	$74.60M	$55.50M	$41.70M	$27.90M	$11.20M	$10.80M	$7.700M
YoY Change	11.39%	12.11%	51.13%	18.49%	55.22%	60.51%	73.46%	34.41%	33.09%	49.46%	149.11%	3.7%	40.26%
Total Assets	$4.245B	$3.696B	$4.809B	$2.415B	$1.986B	$1.804B	$1.508B	$1.137B	$1.391B	$720.5M	$528.2M	$377.9M	$284.9M	$316.5M
YoY Change
Accounts Payable	$8.638M	$6.153M	$8.374M	$4.230M	$1.800M	$4.000M	$3.000M	$2.000M	$1.600M	$1.300M	$2.100M	$900.0K	$1.100M	$700.0K
YoY Change	40.39%	-26.52%	97.97%	135.0%	-55.0%	33.33%	50.0%	25.0%	23.08%	-38.1%	133.33%	-18.18%	57.14%
Accrued Expenses	$132.4M	$118.7M	$110.8M	$93.67M	$71.10M	$52.10M	$42.20M	$30.30M	$25.00M	$16.40M	$10.70M	$6.800M	$5.300M	$4.300M
YoY Change	11.46%	7.14%	18.33%	31.74%	36.47%	23.46%	39.27%	21.2%	52.44%	53.27%	57.35%	28.3%	23.26%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due											$0.00	$600.0K	$1.600M	$300.0K
YoY Change											-100.0%	-62.5%	433.33%
Total Short-Term Liabilities	$3.117B	$2.775B	$4.121B	$1.867B	$1.409B	$1.456B	$1.271B	$974.8M	$1.266B	$609.5M	$433.1M	$364.4M	$271.3M	$304.3M
YoY Change	12.35%	-32.66%	120.7%	32.52%	-3.23%	14.57%	30.37%	-23.01%	107.74%	40.73%	18.85%	34.32%	-10.84%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$100.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$900.0K	$1.600M	$3.200M
YoY Change				-100.0%							-100.0%	-43.75%	-50.0%
Other Long-Term Liabilities	$53.21M	$66.20M	$72.80M	$69.16M	$75.00M	$33.00M	$23.90M	$14.60M	$4.600M	$2.600M	$3.200M	$2.300M	$2.200M	$1.800M
YoY Change	-19.62%	-9.06%	5.26%	-7.79%	127.27%	38.08%	63.7%	217.39%	76.92%	-18.75%	39.13%	4.55%	22.22%
Total Long-Term Liabilities	$53.21M	$66.20M	$72.80M	$69.16M	$175.0M	$33.00M	$23.90M	$14.60M	$4.600M	$2.600M	$3.200M	$3.200M	$3.800M	$5.000M
YoY Change	-19.62%	-9.06%	5.26%	-60.48%	430.3%	38.08%	63.7%	217.39%	76.92%	-18.75%	0.0%	-15.79%	-24.0%
Total Liabilities	$3.212B	$2.853B	$4.196B	$1.938B	$1.593B	$1.496B	$1.295B	$989.8M	$1.271B	$613.0M	$437.0M	$367.9M	$276.0M	$309.4M
YoY Change	12.6%	-32.0%	116.49%	21.68%	6.46%	15.54%	30.81%	-22.13%	107.36%	40.27%	18.78%	33.3%	-10.8%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2014	2013	2012
Basic Shares Outstanding	56.21M shares	55.71M shares	55.04M shares	54.32M shares	53.55M shares	52.91M	52.43M	36.71M shares	31.99M shares	43.87M shares
Diluted Shares Outstanding	56.98M shares	56.60M shares	56.45M shares	56.31M shares	55.81M shares	55.41M	54.89M	36.71M shares	31.99M shares	44.32M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $11.691 Billion

About Paylocity Holding Corp

Paylocity Holding Corp. engages in the development and provision of cloud-based software solutions. The company is headquartered in Schaumburg, Illinois and currently employs 6,400 full-time employees. The company went IPO on 2014-03-19. Its HCM and payroll platform offers a product suite that helps businesses attract and retain talent, build culture and connection with their employees, and streamline and automate human resource (HR) and payroll processes. The company provides its software-as-a-service solutions to clients across the United States. Its product suite includes various categories, such as payroll, human resources, time and labor, talent, benefits and employee experience. Its payroll product suite includes payroll and tax services, on demand payment and garnishments, and others. Its human resources product suite includes human resources, workflows and documents and HR edge, and others. Talent product suite includes recruiting, onboarding and market pay. Its employee experiences product suite includes community, video and employee voice. The company also offers an all-in-one spending management platform.

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