Paylocity (PCTY) Financials

$187.74 +15.20 (+8.81%)

Closing price 04/9/2025 04:00 PM Eastern

Extended Trading

$187.48 -0.27 (-0.14%)

As of 04/9/2025 04:14 PM Eastern

Annual Income Statements for Paylocity

This table shows Paylocity's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-14	-3.85	6.72	39	54	64	71	91	141	207
Consolidated Net Income / (Loss)	-14	-3.85	6.72	39	54	64	71	91	141	207
Net Income / (Loss) Continuing Operations	-14	-3.85	6.72	39	54	64	71	91	141	207
Total Pre-Tax Income	-14	-3.67	7.37	17	58	67	57	84	159	277
Total Operating Income	-14	-3.55	7.30	16	56	66	58	85	155	260
Total Gross Profit	82	133	176	228	314	379	416	566	808	961
Total Revenue	153	231	300	378	468	561	640	853	1,175	1,403
Operating Revenue	153	231	300	378	468	561	640	853	1,175	1,403
Total Cost of Revenue	71	98	124	149	154	182	219	287	367	442
Operating Cost of Revenue	71	98	124	149	154	182	219	287	367	442
Total Operating Expenses	96	136	169	212	258	313	358	481	653	701
Selling, General & Admin Expense	33	48	62	79	95	105	120	164	192	187
Marketing Expense	43	62	78	95	113	145	162	214	297	335
Research & Development Expense	20	27	29	38	50	63	77	103	164	178
Total Other Income / (Expense), net	0.05	-0.12	0.07	0.80	1.82	0.95	-0.94	-1.00	3.59	17
Other Income / (Expense), net	0.05	-0.12	0.07	0.80	1.82	0.95	-0.94	-1.00	3.59	17
Income Tax Expense	0.11	0.18	0.65	-22	4.22	2.66	-14	-7.18	18	70
Basic Earnings per Share	($0.28)	($0.08)	$0.13	$0.74	$1.02	$1.20	$1.30	$1.65	$2.53	$3.68
Weighted Average Basic Shares Outstanding	50.13M	50.91M	51.42M	52.43M	52.91M	53.55M	54.32M	55.04M	55.71M	56.21M
Diluted Earnings per Share	($0.28)	($0.08)	$0.12	$0.70	$0.97	$1.15	$1.26	$1.61	$2.49	$3.63
Weighted Average Diluted Shares Outstanding	50.13M	50.91M	54.06M	54.89M	55.41M	55.81M	56.31M	56.45M	56.60M	56.98M
Weighted Average Basic & Diluted Shares Outstanding	49.90M	48.10M	51.70M	52.20M	52.80M	53.81M	54.60M	55.28M	55.92M	55.57M

This table shows Paylocity's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Income / (Loss) Attributable to Common Shareholders	16	30	16	58	37	35	38	85	49	50	37
Consolidated Net Income / (Loss)	15	30	16	58	37	35	38	85	49	50	37
Net Income / (Loss) Continuing Operations	15	30	16	58	37	35	38	85	49	50	37
Total Pre-Tax Income	19	6.93	18	82	52	44	54	111	68	69	47
Total Operating Income	19	7.09	18	80	49	41	50	106	63	64	47
Total Gross Profit	152	169	183	244	212	216	219	285	240	248	252
Total Revenue	226	253	273	340	308	318	326	401	357	363	377
Operating Revenue	226	253	273	340	308	318	326	401	357	363	377
Total Cost of Revenue	77	85	90	96	97	101	107	116	117	115	125
Operating Cost of Revenue	77	85	90	96	97	101	107	116	117	115	125
Total Operating Expenses	133	162	165	164	162	175	169	179	177	184	206
Selling, General & Admin Expense	44	50	48	47	46	50	43	49	45	48	57
Marketing Expense	60	71	76	74	76	80	80	87	88	88	93
Research & Development Expense	29	40	41	42	41	45	46	43	44	47	56
Total Other Income / (Expense), net	-0.20	-0.16	-0.01	1.14	2.62	3.23	3.80	4.32	5.57	4.74	0.19
Other Income / (Expense), net	-0.20	-0.16	-0.01	1.14	2.62	3.23	3.80	4.32	5.57	4.74	0.19
Income Tax Expense	3.48	-23	2.60	24	15	9.90	15	25	20	19	9.35
Basic Earnings per Share	$0.28	$0.55	$0.28	$1.03	$0.67	$0.62	$0.68	$1.51	$0.87	$0.89	$0.67
Weighted Average Basic Shares Outstanding	55.04M	55.45M	55.72M	55.79M	55.71M	56.04M	56.24M	56.37M	56.21M	55.64M	55.83M
Diluted Earnings per Share	$0.27	$0.54	$0.28	$1.02	$0.65	$0.61	$0.67	$1.50	$0.85	$0.88	$0.66
Weighted Average Diluted Shares Outstanding	56.45M	56.66M	56.47M	56.56M	56.60M	56.88M	56.86M	57.05M	56.98M	56.27M	56.74M
Weighted Average Basic & Diluted Shares Outstanding	55.28M	55.67M	55.77M	55.81M	55.92M	56.18M	56.33M	56.43M	55.57M	55.75M	55.89M

This table details how cash moves in and out of Paylocity's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	2.41	5.24	-280	194	186	66	454	1,848	-1,372	424
Net Cash From Operating Activities	11	33	62	98	115	113	125	155	283	385
Net Cash From Continuing Operating Activities	11	33	62	98	115	113	125	155	283	385
Net Income / (Loss) Continuing Operations	-14	-3.85	6.72	39	54	64	71	91	141	207
Consolidated Net Income / (Loss)	-14	-3.85	6.72	39	54	64	71	91	141	207
Depreciation Expense	8.61	14	21	30	35	38	43	50	61	76
Amortization Expense	-	-	-	-0.44	-2.23	-1.68	0.52	0.38	-5.41	-4.38
Non-Cash Adjustments To Reconcile Net Income	14	18	30	43	47	48	64	97	150	147
Changes in Operating Assets and Liabilities, net	2.95	4.54	4.29	-13	-18	-36	-53	-83	-64	-41
Net Cash From Investing Activities	-199	-673	-38	-179	-43	-49	48	-480	-220	-102
Net Cash From Continuing Investing Activities	-199	-673	-38	-179	-43	-49	48	-480	-220	-102
Purchase of Property, Plant & Equipment	-13	-24	-35	-37	-31	-42	-38	-53	-67	-79
Acquisitions	-12	-0.48	-	-6.66	0.00	-17	-15	-108	0.00	-12
Purchase of Investments	-	-	-	-197	-251	-400	0.00	-434	-599	-304
Sale and/or Maturity of Investments	-	-	-	73	246	411	101	117	447	294
Other Investing Activities, net	-174	-648	-2.85	-12	-7.48	0.00	0.00	-2.50	-1.10	-1.08
Net Cash From Financing Activities	190	646	-304	275	115	2.09	280	2,172	-1,435	142
Net Cash From Continuing Financing Activities	190	646	-304	275	115	2.09	280	2,172	-1,435	142
Repayment of Debt	-	-	-	0.00	0.00	-0.70	-100	-50	-0.89	-0.07
Repurchase of Common Equity	-0.08	-	-	0.00	-35	-	-	0.00	0.00	-150
Issuance of Debt	-	-	-	0.00	0.00	100	0.00	50	0.00	0.00
Issuance of Common Equity	20	2.99	3.68	4.30	5.98	8.90	12	14	17	19
Other Financing Activities, net	170	643	-308	271	144	-106	368	2,158	-1,451	273
Cash Interest Paid	-	-	-	0.00	0.00	0.44	0.87	0.31	0.40	0.49
Cash Income Taxes Paid	0.16	0.00	0.03	-0.05	0.41	0.08	-0.14	0.01	1.36	48

This table details how cash moves in and out of Paylocity's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Net Change in Cash & Equivalents	-480	-1,836	789	93	-418	-70	775	451	-731	-240	920
Net Cash From Operating Activities	50	16	62	127	77	62	75	168	80	91	54
Net Cash From Continuing Operating Activities	50	16	62	127	77	62	75	168	80	91	54
Net Income / (Loss) Continuing Operations	15	30	16	58	37	35	38	85	49	50	37
Consolidated Net Income / (Loss)	15	30	16	58	37	35	38	85	49	50	37
Depreciation Expense	14	14	15	15	16	17	18	20	21	22	26
Amortization Expense	-0.10	-0.75	-1.29	-1.56	-1.81	-1.39	-1.29	-1.01	-0.69	-0.66	-0.62
Non-Cash Adjustments To Reconcile Net Income	26	40	45	33	32	39	39	36	32	34	44
Changes in Operating Assets and Liabilities, net	-5.48	-68	-12	23	-7.01	-27	-20	27	-21	-13	-53
Net Cash From Investing Activities	-198	-89	-43	-167	79	-9.40	-53	-14	-25	-13	-288
Net Cash From Continuing Investing Activities	-198	-89	-43	-167	79	-9.40	-53	-14	-25	-13	-288
Purchase of Property, Plant & Equipment	-11	-13	-13	-13	-27	-18	-18	-21	-23	-18	-17
Purchase of Investments	-218	-119	-177	-261	-41	-93	-72	-67	-73	-20	-46
Sale and/or Maturity of Investments	31	43	147	108	149	101	50	72	72	25	55
Other Investing Activities, net	-	0.00	0.03	0.00	-1.14	-0.41	-0.18	1.37	-1.86	-0.64	-1.31
Net Cash From Financing Activities	-331	-1,763	769	132	-573	-122	752	298	-786	-318	1,154
Net Cash From Continuing Financing Activities	-331	-1,763	769	132	-573	-122	752	298	-786	-318	1,154
Repayment of Debt	-0.02	-0.86	-0.01	-0.01	-0.01	-0.01	13	-13	-0.04	-0.01	-0.01
Other Financing Activities, net	-338	-1,762	761	132	-581	-122	729	311	-646	-643	1,152
Cash Interest Paid	0.05	0.06	0.10	0.13	0.12	0.12	0.12	0.13	0.12	0.12	5.06
Cash Income Taxes Paid	0.13	0.02	-0.18	0.73	0.79	6.21	19	9.10	13	6.19	40

This table presents Paylocity's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	721	1,391	1,137	1,508	1,804	1,986	2,415	4,809	3,696	4,245
Total Current Assets	679	1,335	1,063	1,378	1,596	1,663	2,033	4,232	3,048	3,524
Cash & Equivalents	81	86	103	137	132	251	202	140	289	402
Restricted Cash	591	1,240	942	1,226	1,394	1,327	1,760	3,988	2,621	2,952
Accounts Receivable	1.12	1.68	2.04	3.45	4.36	4.92	6.27	16	25	33
Prepaid Expenses	4.42	7.41	15	11	14	13	16	29	35	40
Other Current Assets	-	-	-	-	22	32	44	60	78	98
Plant, Property, & Equipment, net	16	27	41	62	70	67	60	63	64	61
Total Noncurrent Assets	26	29	34	67	138	256	322	514	583	660
Goodwill	6.00	6.00	6.00	9.59	9.59	22	34	102	102	109
Intangible Assets	19	22	26	34	38	50	58	107	121	145
Noncurrent Deferred & Refundable Income Taxes	-	-	-	22	6.47	4.96	12	19	16	18
Other Noncurrent Operating Assets	0.40	0.85	1.54	1.50	83	179	219	286	345	389
Total Liabilities & Shareholders' Equity	721	1,391	1,137	1,508	1,804	1,986	2,415	4,809	3,696	4,245
Total Liabilities	613	1,271	990	1,295	1,496	1,593	1,938	4,196	2,853	3,212
Total Current Liabilities	609	1,266	975	1,271	1,456	1,409	1,867	4,121	2,775	3,117
Accounts Payable	1.33	1.62	2.05	2.99	3.95	1.76	4.23	8.37	6.15	8.64
Accrued Expenses	16	25	30	42	58	80	103	124	143	158
Other Current Liabilities	592	1,240	942	1,226	1,394	1,327	1,760	3,988	2,625	2,950
Total Noncurrent Liabilities	3.48	4.90	15	24	40	184	71	75	78	95
Long-Term Debt	-	-	-	-	0.00	100	-	-	-	0.00
Noncurrent Deferred & Payable Income Tax Liabilities	0.87	0.25	0.40	-	6.94	8.75	1.78	2.22	12	42
Other Noncurrent Operating Liabilities	-	-	-	1.12	1.72	75	69	73	66	53
Total Equity & Noncontrolling Interests	108	120	148	213	308	393	477	613	843	1,033
Total Preferred & Common Equity	108	120	148	213	308	393	477	613	843	1,033
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	108	120	148	213	308	393	477	613	843	1,033
Common Stock	156	172	193	220	208	228	242	290	381	361
Retained Earnings	-48	-52	-45	-6.68	100	164	235	326	467	673
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-0.14	0.11	0.68	0.07	-2.30	-4.52	-0.94

This table presents Paylocity's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Total Assets	5,079	3,095	3,938	4,194	3,647	4,493	4,953	4,025	5,294
Total Current Assets	4,517	2,480	3,309	3,566	2,983	3,807	4,247	3,296	4,237
Cash & Equivalents	96	65	120	234	305	367	493	779	482
Restricted Cash	4,325	2,299	3,066	3,202	2,528	3,272	3,591	2,340	3,542
Accounts Receivable	18	22	25	27	30	32	34	34	43
Prepaid Expenses	23	29	30	29	37	49	36	41	63
Other Current Assets	55	64	69	74	82	87	92	102	107
Plant, Property, & Equipment, net	64	61	60	60	63	63	61	58	56
Total Noncurrent Assets	498	555	569	567	601	623	646	671	1,001
Goodwill	102	102	102	102	102	110	109	109	343
Intangible Assets	106	109	111	116	128	136	142	148	228
Noncurrent Deferred & Refundable Income Taxes	22	43	41	18	16	17	19	17	20
Other Noncurrent Operating Assets	268	300	316	332	355	361	377	397	410
Total Liabilities & Shareholders' Equity	5,079	3,095	3,938	4,194	3,647	4,493	4,953	4,025	5,294
Total Liabilities	4,514	2,484	3,260	3,425	2,754	3,506	3,854	2,919	4,122
Total Current Liabilities	4,438	2,412	3,189	3,355	2,672	3,423	3,765	2,501	3,706
Accounts Payable	5.05	6.24	7.61	7.97	8.75	7.97	5.18	16	5.46
Accrued Expenses	109	106	116	144	132	147	171	156	162
Other Current Liabilities	4,325	2,299	3,066	3,202	2,532	3,268	3,589	2,329	3,538
Total Noncurrent Liabilities	75	73	71	70	82	83	88	418	416
Long-Term Debt	-	-	-	-	-	-	-	325	325
Noncurrent Deferred & Payable Income Tax Liabilities	1.78	2.22	2.22	2.22	18	28	34	41	36
Other Noncurrent Operating Liabilities	74	70	69	68	64	55	55	52	55
Total Equity & Noncontrolling Interests	565	611	678	769	893	987	1,099	1,106	1,172
Total Preferred & Common Equity	565	611	678	769	893	987	1,099	1,106	1,172
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	565	611	678	769	893	987	1,099	1,106	1,172
Common Stock	256	259	310	342	396	447	475	377	411
Retained Earnings	311	356	372	429	501	539	625	723	760
Accumulated Other Comprehensive Income / (Loss)	-1.56	-4.68	-4.16	-2.24	-4.40	0.53	-0.69	5.88	0.22

This table displays calculated financial ratios and metrics derived from Paylocity's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	40.49%	51.08%	30.04%	25.84%	23.87%	20.04%	13.93%	33.32%	37.76%	19.40%
EBITDA Growth	-913.10%	293.97%	178.42%	63.79%	94.32%	14.35%	-2.67%	33.40%	59.52%	63.06%
EBIT Growth	-102.29%	73.51%	300.57%	127.32%	246.52%	15.63%	-14.92%	46.39%	89.74%	74.65%
NOPAT Growth	-98.36%	74.50%	367.66%	452.51%	41.86%	21.89%	13.28%	27.61%	49.83%	41.05%
Net Income Growth	-96.51%	72.44%	274.45%	474.55%	39.45%	19.75%	9.87%	28.18%	55.13%	46.83%
EPS Growth	-7.69%	71.43%	250.00%	483.33%	38.57%	18.56%	9.57%	27.78%	54.66%	45.78%
Operating Cash Flow Growth	54.26%	197.10%	87.86%	57.90%	17.54%	-2.07%	10.83%	24.19%	82.34%	36.06%
Free Cash Flow Firm Growth	-62.83%	325.61%	-147.18%	195.88%	-48.22%	-143.38%	780.05%	379.19%	-161.85%	134.19%
Invested Capital Growth	-39.49%	-113.59%	25.55%	-28.10%	-8.48%	10.29%	-33.01%	-135.92%	41.17%	-12.26%
Revenue Q/Q Growth	8.04%	9.41%	5.72%	5.76%	5.35%	1.85%	6.81%	6.86%	7.54%	3.61%
EBITDA Q/Q Growth	31.64%	6.76%	18.16%	2.89%	18.45%	-2.43%	4.09%	10.13%	19.02%	6.69%
EBIT Q/Q Growth	11.84%	-36.78%	37.79%	-8.07%	33.92%	-5.37%	5.42%	13.01%	26.61%	6.34%
NOPAT Q/Q Growth	12.79%	-27.97%	21.39%	4.32%	28.46%	-6.44%	10.45%	3.71%	16.66%	5.09%
Net Income Q/Q Growth	14.00%	-34.27%	30.45%	6.31%	28.06%	-7.59%	10.85%	3.73%	18.62%	5.92%
EPS Q/Q Growth	24.32%	-60.00%	50.00%	6.06%	27.63%	-8.00%	12.50%	3.21%	18.01%	5.83%
Operating Cash Flow Q/Q Growth	19.11%	10.08%	31.14%	11.23%	6.83%	-8.16%	11.85%	7.32%	10.54%	0.87%
Free Cash Flow Firm Q/Q Growth	0.00%	-5.19%	-15.70%	59.06%	-56.37%	-329.89%	42.79%	-2.23%	-22.32%	-10.81%
Invested Capital Q/Q Growth	21.10%	13.33%	20.22%	9.57%	20.75%	27.07%	16.30%	8.86%	22.50%	22.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.57%	57.48%	58.67%	60.48%	67.10%	67.58%	65.10%	66.34%	68.75%	68.50%
EBITDA Margin	-3.44%	4.42%	9.47%	12.32%	19.33%	18.41%	15.73%	15.74%	18.22%	24.89%
Operating Margin	-9.12%	-1.54%	2.43%	4.22%	12.02%	11.79%	9.08%	9.92%	13.20%	18.54%
EBIT Margin	-9.08%	-1.59%	2.46%	4.44%	12.41%	11.96%	8.93%	9.80%	13.50%	19.75%
Profit (Net Income) Margin	-9.15%	-1.67%	2.24%	10.22%	11.51%	11.48%	11.07%	10.65%	11.99%	14.74%
Tax Burden Percent	100.76%	104.82%	91.17%	230.42%	92.72%	96.03%	124.02%	108.59%	88.78%	74.64%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	8.83%	-130.42%	7.28%	3.97%	-24.02%	-8.59%	11.22%	25.36%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-14.06%	-3.39%	5.03%	21.42%	20.67%	18.39%	16.28%	16.65%	19.34%	22.04%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-2.22%	-0.35%	0.58%	1.27%	3.51%	3.54%	2.60%	2.31%	3.73%	6.98%
Return on Assets (ROA)	-2.24%	-0.36%	0.53%	2.92%	3.25%	3.40%	3.22%	2.51%	3.31%	5.21%
Return on Common Equity (ROCE)	-14.06%	-3.39%	5.03%	21.42%	20.67%	18.39%	16.28%	16.65%	19.34%	22.04%
Return on Equity Simple (ROE_SIMPLE)	-12.99%	-3.22%	4.55%	18.14%	17.48%	16.40%	14.85%	14.80%	16.71%	20.01%
Net Operating Profit after Tax (NOPAT)	-9.74	-2.49	6.65	37	52	64	72	92	138	194
NOPAT Margin	-6.38%	-1.08%	2.22%	9.73%	11.15%	11.32%	11.26%	10.77%	11.72%	13.84%
Net Nonoperating Expense Percent (NNEP)	-0.72%	-0.14%	0.01%	0.15%	0.12%	0.06%	-0.07%	-0.04%	0.09%	0.40%
Cost of Revenue to Revenue	46.43%	42.52%	41.33%	39.52%	32.90%	32.42%	34.29%	33.66%	31.25%	31.50%
SG&A Expenses to Revenue	21.50%	20.63%	20.71%	20.99%	20.24%	18.75%	18.73%	19.20%	16.33%	13.36%
R&D to Revenue	13.01%	11.59%	9.70%	9.97%	10.76%	11.18%	11.99%	12.07%	13.96%	12.72%
Operating Expenses to Revenue	62.69%	59.02%	56.24%	56.26%	55.08%	55.79%	56.02%	56.42%	55.55%	49.96%
Earnings before Interest and Taxes (EBIT)	-14	-3.67	7.37	17	58	67	57	84	159	277
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-5.26	10	28	47	90	103	101	134	214	349
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	16.87	18.43	15.77	14.56	16.14	19.93	21.79	15.67	12.22	7.20
Price to Tangible Book Value (P/TBV)	22.06	24.03	20.18	18.32	19.11	24.37	26.98	23.80	16.61	9.55
Price to Revenue (P/Rev)	11.89	9.55	7.76	8.21	10.63	13.95	16.25	11.28	8.77	5.31
Price to Earnings (P/E)	0.00	0.00	346.42	80.29	92.34	121.52	146.78	105.92	73.14	35.98
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.29%	1.25%	1.08%	0.82%	0.68%	0.94%	1.37%	2.78%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	7.48	3.80	4.27	4.60	7.30	11.26	13.18	6.44	6.29	2.91
Enterprise Value to EBITDA (EV/EBITDA)	0.00	86.04	45.12	37.32	37.77	61.15	83.78	40.89	34.52	11.71
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	173.88	103.61	58.81	94.16	147.59	65.64	46.59	14.75
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	192.64	47.23	65.48	99.45	117.09	59.74	53.69	21.05
Enterprise Value to Operating Cash Flow (EV/OCF)	102.87	26.60	20.67	17.73	29.68	56.10	67.51	35.39	26.14	10.62
Enterprise Value to Free Cash Flow (EV/FCFF)	7.61	1.37	0.00	6.00	22.80	0.00	19.08	2.59	0.00	9.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.25	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.25	0.00	0.00	0.00	0.00
Financial Leverage	-5.88	-8.80	-8.88	-6.68	-5.61	-4.38	-4.00	-5.59	-4.83	-3.34
Leverage Ratio	6.28	9.29	9.46	7.34	6.36	5.41	5.06	6.63	5.84	4.23
Compound Leverage Factor	6.28	9.29	9.46	7.34	6.36	5.41	5.06	6.63	5.84	4.23
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	20.29%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	20.29%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	79.71%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.97	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	-14.64	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.97	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	1.57	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	-23.81	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	1.57	0.00	0.00	0.00	0.00
Altman Z-Score	1.95	1.20	1.73	1.80	2.53	3.61	3.78	1.73	2.89	2.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.11	1.05	1.09	1.08	1.10	1.18	1.09	1.03	1.10	1.13
Quick Ratio	0.14	0.07	0.11	0.11	0.11	0.21	0.11	0.04	0.11	0.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	150	639	-302	289	150	-65	442	2,116	-1,309	448
Operating Cash Flow to CapEx	83.91%	134.81%	177.19%	262.28%	366.09%	266.37%	328.08%	294.87%	422.52%	488.45%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.22	0.24	0.29	0.28	0.30	0.29	0.24	0.28	0.35
Accounts Receivable Turnover	163.23	165.02	161.25	137.46	119.74	120.96	114.30	77.44	57.52	48.29
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	10.46	10.77	8.88	7.35	7.08	8.21	10.11	13.90	18.51	22.49
Accounts Payable Turnover	40.98	66.54	67.62	59.25	44.31	63.76	73.28	45.54	50.53	59.73
Days Sales Outstanding (DSO)	2.24	2.21	2.26	2.66	3.05	3.02	3.19	4.71	6.35	7.56
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	8.91	5.49	5.40	6.16	8.24	5.72	4.98	8.01	7.22	6.11
Cash Conversion Cycle (CCC)	-6.67	-3.27	-3.13	-3.50	-5.19	-2.71	-1.79	-3.30	-0.88	1.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-565	-1,207	-898	-1,151	-1,248	-1,120	-1,489	-3,514	-2,067	-2,321
Invested Capital Turnover	-0.31	-0.26	-0.29	-0.37	-0.39	-0.47	-0.49	-0.34	-0.42	-0.64
Increase / (Decrease) in Invested Capital	-160	-642	308	-252	-98	128	-370	-2,025	1,447	-253
Enterprise Value (EV)	1,142	878	1,281	1,736	3,414	6,320	8,428	5,487	7,389	4,087
Market Capitalization	1,815	2,204	2,327	3,099	4,970	7,832	10,395	9,615	10,299	7,440
Book Value per Share	$2.13	$2.34	$2.87	$4.04	$5.81	$7.32	$8.75	$11.13	$15.10	$18.31
Tangible Book Value per Share	$1.63	$1.80	$2.24	$3.21	$4.91	$5.99	$7.07	$7.33	$11.11	$13.81
Total Capital	108	120	148	213	308	493	477	613	843	1,033
Total Debt	0.00	0.00	0.00	0.00	0.00	100	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	100	0.00	0.00	0.00	0.00
Net Debt	-672	-1,326	-1,046	-1,364	-1,556	-1,513	-1,966	-4,128	-2,910	-3,354
Capital Expenditures (CapEx)	13	24	35	37	31	42	38	53	67	79
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-603	-1,257	-958	-1,256	-1,416	-1,358	-1,801	-4,016	-2,637	-2,947
Debt-free Net Working Capital (DFNWC)	69	69	88	107	140	254	166	111	274	407
Net Working Capital (NWC)	69	69	88	107	140	254	166	111	274	407
Net Nonoperating Expense (NNE)	4.23	1.37	-0.07	-1.85	-1.69	-0.91	1.16	1.08	-3.19	-13
Net Nonoperating Obligations (NNO)	-672	-1,326	-1,046	-1,364	-1,556	-1,513	-1,966	-4,128	-2,910	-3,354
Total Depreciation and Amortization (D&A)	8.61	14	21	30	32	36	43	51	55	72
Debt-free, Cash-free Net Working Capital to Revenue	-395.02%	-544.92%	-319.29%	-332.73%	-302.83%	-242.01%	-281.54%	-471.05%	-224.46%	-210.10%
Debt-free Net Working Capital to Revenue	45.38%	29.90%	29.35%	28.45%	29.97%	45.29%	25.94%	13.04%	23.30%	29.03%
Net Working Capital to Revenue	45.38%	29.90%	29.35%	28.45%	29.97%	45.29%	25.94%	13.04%	23.30%	29.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.28)	($0.08)	$0.13	$0.74	$1.02	$1.20	$1.30	$1.65	$2.53	$3.68
Adjusted Weighted Average Basic Shares Outstanding	50.13M	50.91M	51.42M	52.43M	52.91M	53.55M	54.32M	55.04M	55.71M	56.21M
Adjusted Diluted Earnings per Share	($0.28)	($0.08)	$0.12	$0.70	$0.97	$1.15	$1.26	$1.61	$2.49	$3.63
Adjusted Weighted Average Diluted Shares Outstanding	50.13M	50.91M	54.06M	54.89M	55.41M	55.81M	56.31M	56.45M	56.60M	56.98M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	50.71M	51.16M	51.75M	52.77M	53.08M	53.81M	54.60M	55.28M	55.92M	55.57M
Normalized Net Operating Profit after Tax (NOPAT)	-9.74	-2.49	6.65	11	52	64	41	59	138	194
Normalized NOPAT Margin	-6.38%	-1.08%	2.22%	2.96%	11.15%	11.32%	6.35%	6.94%	11.72%	13.84%
Pre Tax Income Margin	-9.08%	-1.59%	2.46%	4.44%	12.41%	11.96%	8.93%	9.80%	13.50%	19.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.54%	0.00%	0.00%	0.00%	65.01%	0.00%	0.00%	0.00%	0.00%	72.55%

This table displays calculated financial ratios and metrics derived from Paylocity's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.93%	38.73%	38.56%	37.61%	36.44%	25.39%	19.54%	18.07%	15.83%	14.29%	15.51%
EBITDA Growth	61.80%	-5.31%	58.66%	58.19%	105.82%	194.17%	122.42%	36.23%	32.90%	49.27%	1.79%
EBIT Growth	106.90%	-31.66%	134.39%	73.19%	178.97%	541.26%	193.94%	35.69%	31.77%	55.10%	-12.50%
NOPAT Growth	27.45%	-0.71%	51.13%	61.96%	131.14%	3.04%	126.92%	44.30%	26.76%	44.20%	5.37%
Net Income Growth	27.46%	-1.88%	58.33%	65.34%	145.97%	13.72%	144.33%	48.07%	31.04%	43.62%	-1.71%
EPS Growth	22.73%	-1.82%	64.71%	64.52%	140.74%	12.96%	139.29%	47.06%	30.77%	44.26%	-1.49%
Operating Cash Flow Growth	27.04%	496.59%	101.26%	62.15%	54.28%	279.22%	20.36%	31.55%	4.33%	47.17%	-27.80%
Free Cash Flow Firm Growth	434.43%	-159.43%	343.96%	-153.59%	-169.19%	121.82%	-82.53%	135.27%	121.14%	-194.45%	-148.87%
Invested Capital Growth	-135.92%	37.07%	-67.48%	30.82%	41.17%	-10.64%	-5.74%	-11.89%	-12.26%	13.02%	4.71%
Revenue Q/Q Growth	-8.47%	12.04%	7.79%	24.49%	-9.24%	2.96%	2.76%	22.96%	-10.96%	1.59%	3.86%
EBITDA Q/Q Growth	-46.36%	-36.76%	55.24%	200.39%	-30.20%	-9.62%	17.38%	84.16%	-31.91%	1.51%	-19.96%
EBIT Q/Q Growth	-60.42%	-62.82%	162.82%	347.82%	-36.25%	-14.54%	20.47%	106.73%	-38.09%	0.59%	-32.04%
NOPAT Q/Q Growth	-56.36%	102.97%	-49.77%	264.07%	-37.73%	-9.52%	10.62%	131.52%	-45.30%	2.93%	-19.17%
Net Income Q/Q Growth	-56.53%	100.40%	-48.60%	269.33%	-35.34%	-7.35%	10.43%	123.83%	-42.78%	1.54%	-24.42%
EPS Q/Q Growth	-56.45%	100.00%	-48.15%	264.29%	-36.27%	-6.15%	9.84%	123.88%	-43.33%	3.53%	-25.00%
Operating Cash Flow Q/Q Growth	-36.77%	-67.00%	280.61%	104.18%	-39.84%	-18.89%	20.80%	123.16%	-52.29%	14.42%	-40.73%
Free Cash Flow Firm Q/Q Growth	-3.37%	-149.14%	202.37%	-210.26%	-24.74%	115.49%	-18.01%	122.59%	-25.25%	-169.23%	57.57%
Invested Capital Q/Q Growth	8.86%	50.08%	-42.98%	-6.35%	22.50%	6.12%	-36.64%	-12.54%	22.24%	27.26%	-49.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.04%	66.62%	67.01%	71.84%	68.65%	68.05%	67.09%	71.10%	67.29%	68.33%	66.96%
EBITDA Margin	14.30%	8.07%	11.63%	28.05%	21.57%	18.94%	21.63%	32.37%	24.75%	24.73%	19.06%
Operating Margin	8.33%	2.80%	6.67%	23.65%	16.00%	12.97%	15.23%	26.49%	17.61%	17.67%	12.37%
EBIT Margin	8.24%	2.73%	6.67%	23.99%	16.85%	13.98%	16.39%	27.57%	19.17%	18.98%	12.42%
Profit (Net Income) Margin	6.70%	11.98%	5.71%	16.95%	12.08%	10.87%	11.68%	21.26%	13.66%	13.66%	9.94%
Tax Burden Percent	81.30%	438.23%	85.70%	70.68%	71.69%	77.72%	71.24%	77.13%	71.29%	71.96%	80.03%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.70%	-338.23%	14.30%	29.32%	28.32%	22.28%	28.76%	22.87%	28.71%	28.04%	19.97%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	16.65%	16.73%	16.20%	17.80%	19.34%	19.29%	20.13%	20.90%	22.04%	22.20%	20.49%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	1.95%	0.73%	2.04%	5.65%	4.65%	5.14%	5.03%	8.16%	6.77%	7.16%	3.80%
Return on Assets (ROA)	1.58%	3.20%	1.75%	3.99%	3.34%	3.99%	3.58%	6.29%	4.83%	5.16%	3.04%
Return on Common Equity (ROCE)	16.65%	16.73%	16.20%	17.80%	19.34%	19.29%	20.13%	20.90%	22.04%	22.20%	20.49%
Return on Equity Simple (ROE_SIMPLE)	0.00%	14.77%	14.16%	15.44%	0.00%	16.24%	16.97%	17.76%	0.00%	20.06%	18.87%
Net Operating Profit after Tax (NOPAT)	15	31	16	57	35	32	35	82	45	46	37
NOPAT Margin	6.77%	12.27%	5.72%	16.72%	11.47%	10.08%	10.85%	20.43%	12.55%	12.72%	9.90%
Net Nonoperating Expense Percent (NNEP)	-0.01%	-0.03%	0.00%	0.02%	0.05%	0.10%	0.08%	0.09%	0.13%	0.12%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	3.59%	-	-	-	2.49%
Cost of Revenue to Revenue	34.23%	33.38%	32.99%	28.16%	31.35%	31.95%	32.91%	28.90%	32.71%	31.67%	33.04%
SG&A Expenses to Revenue	19.57%	19.94%	17.58%	13.94%	14.90%	15.72%	13.28%	12.18%	12.67%	13.27%	14.99%
R&D to Revenue	12.78%	15.83%	15.03%	12.45%	13.15%	14.05%	14.14%	10.81%	12.37%	13.02%	14.90%
Operating Expenses to Revenue	58.71%	63.82%	60.34%	48.19%	52.65%	55.08%	51.86%	44.61%	49.68%	50.65%	54.59%
Earnings before Interest and Taxes (EBIT)	19	6.93	18	82	52	44	54	111	68	69	47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	32	20	32	95	67	60	71	130	88	90	72
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.67	21.86	15.96	14.42	12.22	11.38	9.38	8.81	7.20	8.29	9.49
Price to Tangible Book Value (P/TBV)	23.80	33.44	23.27	20.11	16.61	15.32	12.49	11.40	9.55	10.79	18.49
Price to Revenue (P/Rev)	11.28	14.46	10.82	10.15	8.77	8.20	7.17	7.15	5.31	6.33	7.42
Price to Earnings (P/E)	105.92	148.05	112.72	92.43	73.14	70.08	55.29	49.60	35.98	41.33	50.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.94%	0.68%	0.89%	1.08%	1.37%	1.43%	1.81%	2.02%	2.78%	2.42%	1.99%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	6.44	11.90	7.63	7.00	6.29	5.91	4.35	4.13	2.91	4.40	4.95
Enterprise Value to EBITDA (EV/EBITDA)	40.89	82.59	52.70	42.53	34.52	28.88	19.21	17.11	11.71	16.83	19.53
Enterprise Value to EBIT (EV/EBIT)	65.64	136.70	84.00	61.06	46.59	37.37	24.30	21.49	14.75	21.14	25.17
Enterprise Value to NOPAT (EV/NOPAT)	59.74	120.27	78.93	64.84	53.69	52.40	35.20	30.30	21.05	30.60	35.33
Enterprise Value to Operating Cash Flow (EV/OCF)	35.39	62.59	36.87	29.91	26.14	22.31	16.48	14.68	10.62	15.39	18.88
Enterprise Value to Free Cash Flow (EV/FCFF)	2.59	0.00	6.89	0.00	0.00	22.44	18.52	11.15	9.13	0.00	87.19
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.29	0.28
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.29	0.28
Financial Leverage	-5.59	-5.21	-4.38	-5.89	-4.83	-3.46	-4.10	-4.03	-3.34	-2.82	-3.40
Leverage Ratio	6.63	6.40	5.51	6.95	5.84	4.48	5.06	4.90	4.23	3.84	4.53
Compound Leverage Factor	6.63	6.40	5.51	6.95	5.84	4.48	5.06	4.90	4.23	3.84	4.53
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.71%	21.71%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	22.71%	21.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	77.29%	78.29%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.86	0.86
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-7.38	-9.74
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.86	0.86
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.56	1.55
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-13.42	-17.61
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.56	1.55
Altman Z-Score	1.69	3.72	2.43	2.47	2.80	2.89	2.18	2.15	2.11	2.79	2.25
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.03	1.03	1.04	1.06	1.10	1.12	1.11	1.13	1.13	1.32	1.14
Quick Ratio	0.04	0.04	0.05	0.08	0.11	0.13	0.12	0.14	0.14	0.33	0.14
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,040	-1,002	1,026	-1,131	-1,411	219	179	399	298	-207	-88
Operating Cash Flow to CapEx	453.76%	122.29%	479.66%	972.73%	279.43%	352.14%	417.57%	814.15%	354.43%	521.47%	312.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.27	0.31	0.24	0.28	0.37	0.31	0.30	0.35	0.38	0.31
Accounts Receivable Turnover	77.44	62.36	58.15	48.28	57.52	47.99	45.33	44.26	48.29	44.95	39.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	13.90	14.99	16.39	17.61	18.51	19.94	21.07	22.40	22.49	23.88	25.17
Accounts Payable Turnover	45.54	46.91	46.10	53.42	50.53	51.25	51.50	64.12	59.73	36.73	70.31
Days Sales Outstanding (DSO)	4.71	5.85	6.28	7.56	6.35	7.61	8.05	8.25	7.56	8.12	9.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	8.01	7.78	7.92	6.83	7.22	7.12	7.09	5.69	6.11	9.94	5.19
Cash Conversion Cycle (CCC)	-3.30	-1.93	-1.64	0.73	-0.88	0.48	0.96	2.55	1.45	-1.82	4.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-3,514	-1,754	-2,508	-2,667	-2,067	-1,941	-2,652	-2,984	-2,321	-1,688	-2,527
Invested Capital Turnover	-0.34	-0.41	-0.50	-0.33	-0.42	-0.67	-0.50	-0.48	-0.64	-0.80	-0.58
Increase / (Decrease) in Invested Capital	-2,025	1,033	-1,011	1,188	1,447	-187	-144	-317	-253	253	125
Enterprise Value (EV)	5,487	10,989	7,629	7,650	7,389	7,327	5,622	5,597	4,087	6,373	7,421
Market Capitalization	9,615	13,354	10,815	11,086	10,299	10,161	9,261	9,681	7,440	9,167	11,120
Book Value per Share	$11.13	$11.05	$12.17	$13.78	$15.10	$15.96	$17.57	$19.52	$18.31	$19.90	$21.03
Tangible Book Value per Share	$7.33	$7.23	$8.35	$9.88	$11.11	$11.86	$13.20	$15.08	$13.81	$15.29	$10.79
Total Capital	613	611	678	769	843	893	987	1,099	1,033	1,431	1,497
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	325	325
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	325	325
Net Debt	-4,128	-2,365	-3,186	-3,436	-2,910	-2,833	-3,639	-4,084	-3,354	-2,794	-3,699
Capital Expenditures (CapEx)	11	13	13	13	27	18	18	21	23	18	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,016	-2,297	-3,066	-3,225	-2,637	-2,523	-3,255	-3,603	-2,947	-2,323	-3,492
Debt-free Net Working Capital (DFNWC)	111	68	120	211	274	311	384	481	407	796	532
Net Working Capital (NWC)	111	68	120	211	274	311	384	481	407	796	532
Net Nonoperating Expense (NNE)	0.16	0.71	0.00	-0.81	-1.88	-2.51	-2.71	-3.34	-3.97	-3.41	-0.15
Net Nonoperating Obligations (NNO)	-4,128	-2,365	-3,186	-3,436	-2,910	-2,833	-3,639	-4,084	-3,354	-2,794	-3,699
Total Depreciation and Amortization (D&A)	14	14	14	14	15	16	17	19	20	21	25
Debt-free, Cash-free Net Working Capital to Revenue	-471.05%	-248.75%	-306.79%	-295.25%	-224.46%	-203.62%	-251.87%	-266.13%	-210.10%	-160.47%	-233.06%
Debt-free Net Working Capital to Revenue	13.04%	7.37%	12.00%	19.35%	23.30%	25.08%	29.70%	35.56%	29.03%	54.95%	35.48%
Net Working Capital to Revenue	13.04%	7.37%	12.00%	19.35%	23.30%	25.08%	29.70%	35.56%	29.03%	54.95%	35.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.28	$0.55	$0.28	$1.03	$0.67	$0.62	$0.68	$1.51	$0.87	$0.89	$0.67
Adjusted Weighted Average Basic Shares Outstanding	55.04M	55.45M	55.72M	55.79M	55.71M	56.04M	56.24M	56.37M	56.21M	55.64M	55.83M
Adjusted Diluted Earnings per Share	$0.27	$0.54	$0.28	$1.02	$0.65	$0.61	$0.67	$1.50	$0.85	$0.88	$0.66
Adjusted Weighted Average Diluted Shares Outstanding	56.45M	56.66M	56.47M	56.56M	56.60M	56.88M	56.86M	57.05M	56.98M	56.27M	56.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.28M	55.67M	55.77M	55.81M	55.92M	56.18M	56.33M	56.43M	55.57M	55.75M	55.89M
Normalized Net Operating Profit after Tax (NOPAT)	15	4.96	16	57	35	32	35	82	45	46	37
Normalized NOPAT Margin	6.77%	1.96%	5.72%	16.72%	11.47%	10.08%	10.85%	20.43%	12.55%	12.72%	9.90%
Pre Tax Income Margin	8.24%	2.73%	6.67%	23.99%	16.85%	13.98%	16.39%	27.57%	19.17%	18.98%	12.42%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	72.55%	0.00%	71.62%

Frequently Asked Questions About Paylocity's Financials

When does Paylocity's financial year end?

According to the most recent income statement we have on file, Paylocity's fiscal year ends in June. Their fiscal year 2024 ended on June 30, 2024.

How has Paylocity's net income changed over the last 9 years?

Paylocity's net income appears to be on an upward trend, with a most recent value of $206.77 million in 2024, falling from -$13.97 million in 2015. The previous period was $140.82 million in 2023. See where experts think Paylocity is headed by visiting Paylocity's forecast page.

What is Paylocity's operating income?

Paylocity's total operating income in 2024 was $260.09 million, based on the following breakdown:

Total Gross Profit: $960.79 million
Total Operating Expenses: $700.69 million

How has Paylocity revenue changed over the last 9 years?

Over the last 9 years, Paylocity's total revenue changed from $152.70 million in 2015 to $1.40 billion in 2024, a change of 818.5%.

How much debt does Paylocity have?

Paylocity's total liabilities were at $3.21 billion at the end of 2024, a 12.6% increase from 2023, and a 424.1% increase since 2015.

How much cash does Paylocity have?

In the past 9 years, Paylocity's cash and equivalents has ranged from $81.26 million in 2015 to $401.81 million in 2024, and is currently $401.81 million as of their latest financial filing in 2024.

How has Paylocity's book value per share changed over the last 9 years?

Over the last 9 years, Paylocity's book value per share changed from 2.13 in 2015 to 18.31 in 2024, a change of 761.4%.

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This page (NASDAQ:PCTY) was last updated on 4/10/2025 by MarketBeat.com Staff

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Paylocity (PCTY) Financials

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Paylocity (PCTY) Financials

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