PCTY on Nasdaq

Paylocity Corporation

Logo: Paylocity, Public domain, via Wikimedia Commons5

American financial software company

Paylocity Holding Corporation is an American provider of cloud-based payroll, spend management, and human capital management (HCM) software.3 It was founded by Steve Sarowitz.1 Its shares trade on Nasdaq under the symbol PCTY.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.7BRevenue, fiscal 20266
$269.7MNet income, fiscal 20266
1997Founded1

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  • TickerPCTY on Nasdaq1
  • IndustrySaaS, payroll service bureau, software as a service1
  • HeadquartersSchaumburg1
  • Founded inIllinois1
  • Websitewww.paylocity.com
  • Legal formDelaware corporation1
  • LEI549300VH75FTB4DIEE074
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 54116444

Paylocity Holding Corporation is an American provider of cloud-based payroll, spend management, and human capital management (HCM) software.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

74.2%Gross margin6
23.4%Operating margin6
16.3%Net margin6
12.2%Revenue growth, 20266
22.1%Return on equity6
0.07×Debt to equity6
$497.1MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Recurring Fees brought in 96% of the revenue Paylocity Corporation broke down this way in fiscal 2026.

  1. Recurring Fees$1.6B696%up 13% from 2025
  2. Nonrecurring Fees$63.9M64%up 3% from 2025
Products and services by year
Products and services202420252026
Recurring Fees$1.2B$1.4B$1.6B
Nonrecurring Fees$54.5M$61.9M$63.9M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue33¢$545.8M
  • Research and development13¢$221.4M
  • Other costs30¢$496.8M
  • Income tax7¢$117.6M
  • Profit16¢$269.7M

Out of $1.7B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending7¢$36.2M
  • Share buybacks75¢$398.1M
  • Kept or used elsewhere19¢$99.0M

Out of $533.3M of cash from operations.6

Financial statements

Revenue9101112136$1.7B in 2026+269% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $447.8M$447.8M20192020: $546.2M$546.2M2020+22%2021: $631.7M$631.7M2021+16%2022: $847.7M$847.7M2022+34%2023: $1.1B$1.1B2023+30%2024: $1.3B$1.3B2024+17%2025: $1.5B$1.5B2025+15%2026: $1.7B$1.7B2026+12%
Gross profit9101112136$1.2B in 2026+291% since 2019
0$500.0M$1.0B$1.5B2019: $313.8M$313.8M20192020: $379.3M$379.3M2020+21%2021: $416.3M$416.3M2021+10%2022: $565.6M$565.6M2022+36%2023: $807.6M$807.6M2023+43%2024: $960.8M$960.8M2024+19%2025: $1.1B$1.1B2025+14%2026: $1.2B$1.2B2026+12%
Operating income9101112136$386.0M in 2026+587% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $56.2M$56.2M20192020: $66.2M$66.2M2020+18%2021: $58.0M$58.0M2021−12%2022: $84.6M$84.6M2022+46%2023: $155.0M$155.0M2023+83%2024: $260.1M$260.1M2024+68%2025: $304.0M$304.0M2025+17%2026: $386.0M$386.0M2026+27%
Net income9101112136$269.7M in 2026+401% since 2019
0$100.0M$200.0M$300.0M2019: $53.8M$53.8M20192020: $64.5M$64.5M2020+20%2021: $70.8M$70.8M2021+10%2022: $90.8M$90.8M2022+28%2023: $140.8M$140.8M2023+55%2024: $206.8M$206.8M2024+47%2025: $227.1M$227.1M2025+10%2026: $269.7M$269.7M2026+19%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2026-06-302025-06-302024-06-30
Recurring and other revenue$1.7B$1.5B$1.3B
Interest income on funds held for clients$120.0M$123.4M$120.8M
Total revenues$1.8B$1.6B$1.4B
Cost of revenues$545.8M$498.2M$441.7M
Gross profit$1.2B$1.1B$960.8M
Sales and marketing$393.9M$374.2M$335.0M
Research and development$221.4M$205.9M$178.3M
General and administrative$224.2M$212.9M$187.4M
Total operating expenses$839.5M$793.0M$700.7M
Operating income$386.0M$304.0M$260.1M
Other income$1.3M$5.0M$16.9M
Income before income taxes$387.3M$309.1M$277.0M
Income tax expense$117.6M$81.9M$70.2M
Net income$269.7M$227.1M$206.8M
Other comprehensive income (loss), net of tax-$6.8M$6.5M$3.6M
Comprehensive income$262.9M$233.7M$210.3M
Basic (in dollars per share)$4.99$4.08$3.68
Diluted (in dollars per share)$4.92$4.02$3.63
Basic (in shares)54.1M shares55.6M shares56.2M shares
Diluted (in shares)54.8M shares56.5M shares57.0M shares

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Corporate structure

Paylocity Corporation sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Paylocity Corporation

  • T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on Paylocity Corporation, latest Aug 14, 2026 (3 filings since Feb 14, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Paylocity Corporation, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G/A on Paylocity Corporation, latest Nov 14, 2025 (8 filings since Feb 14, 2022)
  • Steve Sarowitz Filed SCHEDULE 13G/A on Paylocity Corporation, latest Feb 10, 2025 (4 filings since Feb 10, 2022)
  • BlackRock Filed SC 13G/A on Paylocity Corporation, latest Jan 26, 2024 (3 filings since Feb 3, 2022)
  • Paylocity Corporation Schaumburg, Illinois, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Founded by Steve Sarowitz in 1997, in Illinois.1

The company was founded by Steve Sarowitz in 1997 as Ameripay Payroll Ltd. It was renamed Paylocity in December 2005. It relocated from Franklin Park, Illinois to Elk Grove Village, and later to Arlington Heights. The company moved its headquarters into a 309,000 square foot office in the former headquarters of Zurich Insurance North America in Schaumburg, Illinois.

In September 2007, Steve Beauchamp was appointed as president and chief operating officer and became CEO within a year.

In 2008, the company secured its first institutional funding with a $10 million Series A round from Adams Street Partners, followed by a $27.3 million Series B round in 2012.

In 2010, Paylocity acquired Payroll Online and expanded its market presence in human capital management (HCM).

Paylocity held an initial public offering in March 2014, raising about $120 million. At the time of the IPO, founder Steve Sarowitz held 44% ownership of the company.

From 2019 to 2024, Paylocity acquired a number of companies in HCM space, including BeneFLEX, VidGrid, Samepage, Blue Marble Payroll, Cloudsnap, Trace and Airbase Inc.

From Wikipedia’s article on Paylocity, shared under CC BY-SA 4.0.7

Leadership

Who has led Paylocity Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (23)

Products and brands

Paylocity offers human capital management (HCM) solutions, providing integrated tools for managing payroll, HR functions, time tracking, spend management, and talent acquisition primarily for small to mid-sized businesses with 50 to 1,000 employees.

From Wikipedia’s article on Paylocity, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Aidora Inc. Delaware8
  • Airbase Card Services, LLC Delaware8
  • Airbase Inc. Delaware8
  • Airbase Labs India Private Limited India8
  • Airbase Services, LLC Delaware8
  • Benefit Administration Technologies, Inc. Delaware8
  • Blue Marble Payroll, LLC Illinois8
  • Cloudsnap, Inc. Delaware8
  • Grayscale Labs, Inc. Delaware8
  • Paylocity Canada ULC Canada8
  • Paylocity Corporation Illinois8
  • Paylocity México S. de R.L. de C.V. Mexico8
  • Paylocity s.r.o. Czech Republic8
  • Samepage Labs Inc Delaware8
  • TraceHQ.com, Inc. Delaware8
  • VidGrid Inc. Delaware8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

March 2018: BeneFLEX (benefits administration)

April 2020: VidGrid (video-based learning platform)

November 2020: Samepage (team collaboration solution)

September 2021: Blue Marble Payroll (international payroll services)

Read the full text

January 2022: Cloudsnap (video platform for employee engagement)

December 2023: Trace (headcount planning tool)

September 2024: Airbase Inc. (spending management software)

From Wikipedia’s article on Paylocity, shared under CC BY-SA 4.0.7

Timeline

  1. Sep 17, 20268-K Entered a material agreement; New debt or obligation47
  2. Aug 21, 20268-K Executive or director change48
  3. Aug 4, 20268-K Results of operations49
  4. May 7, 20268-K Results of operations; Other events50
  5. Feb 5, 20268-K Results of operations51
  6. Dec 5, 20258-K Executive or director change; Shareholder vote52
  7. Nov 4, 20258-K Results of operations53
  8. Aug 5, 20258-K Results of operations; Other events54
  9. May 1, 20258-K Results of operations55
  10. Feb 6, 20258-K Results of operations56
  11. Dec 9, 20248-K Shareholder vote57
  12. Oct 30, 20248-K Results of operations58
  13. Mar 15, 2022New chief executive Toby J. Williams becomes CEO18
  14. Mar 19, 2014Went public Listed on NASDAQ1
  15. Mar 18, 2014New chief executive Steven R. Beauchamp becomes CEO19
  16. 1997Founded Founded in Illinois1

Calendar

Coming up

  1. Nov 5, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.04 a share, on Nov 4, 2025.59

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results49
  2. May 7, 2026Reported quarterly or annual results50
  3. Feb 5, 2026Reported quarterly or annual results51
  4. Nov 4, 2025Reported quarterly or annual results53
  5. Aug 5, 2025Reported quarterly or annual results54
  6. May 1, 2025Reported quarterly or annual results55
  7. Feb 6, 2025Reported quarterly or annual results56
  8. Oct 30, 2024Reported quarterly or annual results58

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

752 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 508 insider forms, 23 large holders, 162 other. The latest 20:

  1. Oct 2, 20264 EDGAR
  2. Sep 17, 20268-K EDGAR
  3. Sep 16, 20264 EDGAR
  4. Sep 9, 20264 EDGAR
  5. Sep 4, 2026144 EDGAR
  6. Sep 2, 20264 EDGAR
  7. Sep 1, 20264 EDGAR
  8. Aug 31, 20264 EDGAR
  9. Aug 31, 20264 EDGAR
  10. Aug 31, 20264 EDGAR
  11. Aug 27, 2026144 EDGAR
  12. Aug 27, 2026144 EDGAR
  13. Aug 26, 20264 EDGAR
  14. Aug 24, 2026144 EDGAR
  15. Aug 21, 20264 EDGAR
  16. Aug 21, 20268-K EDGAR
  17. Aug 20, 20264 EDGAR
  18. Aug 20, 20264 EDGAR
  19. Aug 20, 20264 EDGAR
  20. Aug 20, 20264 EDGAR

The 752 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Toby J. WilliamsPresident and Chief Executive Officer52$681.0K$18.0M65
2025Ryan GlennChief Financial Officer$427.4K$6.3M65
2025Joshua ScuttSenior Vice President of Sales$460.1K$5.1M65
2025Melissa KingSenior Vice President of Product and Technology$230.2K$4.3M65
2025Andrew CappotelliSenior Vice President of Operations$400.0K$3.1M65
2025Steven R. BeauchampExecutive Chairman and Former Co-Chief Executive Officer53$340.8K$3.0M65
2024Toby J. WilliamsPresident and Chief Executive Officer52$638.4K$14.7M65
2024Steven R. BeauchampExecutive Chairman and Former Co-Chief Executive Officer53$554.9K$11.1M65
2024Ryan GlennChief Financial Officer$396.3K$5.3M65
2024Joshua ScuttSenior Vice President of Sales$432.2K$4.3M65
2024Andrew CappotelliSenior Vice President of Operations$312.7K$1.4M65
2023Toby J. WilliamsPresident and Chief Executive Officer52$625.3K$21.7M65
2023Steven R. BeauchampExecutive Chairman and Former Co-Chief Executive Officer53$625.3K$21.6M65
2023Ryan GlennChief Financial Officer$370.4K$6.0M65
2023Joshua ScuttSenior Vice President of Sales$408.3K$5.8M65

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,116,664$430.3M0.0%−271,162
Aqr Capital Management LLC2,352,978$246.0M0.1%+1,217,380
Vanguard Portfolio Management LLC2,186,679$228.6M0.0%+7,597
Vanguard Capital Management LLC1,945,811$203.4M0.0%−7,944
Citadel Advisors LLC1,498,936$156.7M0.1%−226,744
Morgan Stanley1,425,020$149.0M0.0%+88,300
State Street Corp1,396,889$146.0M0.0%+56,767
UBS Group AG1,297,034$135.6M0.0%+858,186
Geode Capital Management, LLC1,277,940$133.6M0.0%−12,892
Two Sigma Investments, LP1,138,489$119.0M0.1%+5,816
Quantinno Capital Management LP1,056,005$110.4M0.1%+553,092
Arrowstreet Capital, Limited Partnership930,462$97.3M0.0%+696,951
Point72 Asset Management, L.P.904,674$94.6M0.2%−203,740
Bnp Paribas Financial Markets843,508$88.2M0.0%+178,238
Assenagon Asset Management S.A.829,264$86.7M0.1%+418,536
Millennium Management LLC743,847$77.8M0.1%+129,840
Jpmorgan Chase & Co681,418$72.2M0.0%−223,563
D. E. Shaw & Co., Inc.688,903$72.0M0.0%−32,826
Jupiter Topco LLC674,753$70.5M0.0%New
Amundi663,449$69.4M0.0%+57,291
Dimensional Fund Advisors LP640,444$66.9M0.0%+40,239
Qube Research & Technologies Ltd561,379$58.7M0.1%+231,129
Deutsche Bank Ag\525,269$54.9M0.0%+157,481
Bank Of America Corp /de/524,894$54.9M0.0%+75,172
Norges Bank472,273$49.4M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+45.3%Report
Oct 11, 2022Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+143.2%Report
Sep 21, 2022Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+137.8%Report
Oct 1, 2021Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+119.4%Report
Nov 24, 2020Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+126.7%Report
Oct 13, 2020Greg Gianforte, HousePartial sale$1,001 - $15,000+132.5%Report
Jul 17, 2020Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+118.8%Report
Feb 21, 2020Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+111.6%Report
Feb 14, 2020Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+116.0%Report
Feb 10, 2020Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+115.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Paylocity Corporation is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPAYLOCITY CORP2
  • CIK0001436440
  • Incorporated inIllinois2
  • Business address3850 N Wilke Road, Arlington Heights, IL 600042
  • Phone847-956-48502
  • On EDGAR sinceMay 28, 20082
  • Filings1 in all: REGDEX (1)2

Sources

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