Paylocity Holding (PCTY) FY2022 results: revenue $853 million, up 34.1% on the year
Paylocity Holding Corp. (PCTY) reported revenue of $853 million for fiscal 2022, the year ended 30 June 2022, up 34.1% on the year before. Net income was $91 million, up 28.2%, and diluted earnings per share $1.61. The figures are the company's own, from the 10-K it filed with the SEC on 5 August 2022.
Revenue
$853 million
+34.1% on the year
FY2015FY2022
Operating margin
9.9%
9.1% a year earlier
FY2015FY2022
Net income
$91 million
+28.2% on the year
FY2015FY2022
Diluted EPS
$1.61
+27.8% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
155
125
113
+24.2%
Capital expenditure
18.1
9.5
16.6
+91.0%
Free cash flow
137
115
96.1
+18.7%
Free cash flow margin
16.1%
18.2%
17.1%
Cash from investing
-480
48.4
-48.8
Cash from financing
2,172
280
2.1
+674.5%
Depreciation and amortisation
50.2
43.0
37.9
+16.9%
Share-based compensation
96.2
63.1
47.5
+52.6%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
56m
56m
56m
+0.2%
Shares outstanding at period end
55m
55m
54m
+1.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
613
477
393
+28.6%
Debt
0.0
0.0
100
Operating lease liabilities
69.1
67.2
73.3
+2.9%
Other liabilities
4,126
1,871
1,419
+120.6%
Total liabilities and equity
4,809
2,415
1,986
+99.1%
Fixed assets
62.8
59.8
66.7
+5.0%
Goodwill
102
33.6
21.7
+203.0%
Intangible assets
45.5
13.0
13.4
+249.1%
Investments
0.0
4.5
34.6
Cash and equivalents
140
202
251
-30.9%
Receivables
15.8
6.3
4.9
+151.4%
Other assets
4,443
2,095
1,594
+112.1%
Total assets
4,809
2,415
1,986
+99.1%
10-K for the year ended 30 June 2022, filed 5 August 2022: the filing.