Paylocity Holding (PCTY) FY2023 results: revenue $1.2 billion, up 37.8% on the year
Paylocity Holding Corp. (PCTY) reported revenue of $1.2 billion for fiscal 2023, the year ended 30 June 2023, up 37.8% on the year before. Net income was $141 million, up 55.1%, and diluted earnings per share $2.49. The figures are the company's own, from the 10-K it filed with the SEC on 4 August 2023.
Revenue
$1.2 billion
+37.8% on the year
FY2016FY2023
Operating margin
13.2%
9.9% a year earlier
FY2016FY2023
Net income
$141 million
+55.1% on the year
FY2016FY2023
Diluted EPS
$2.49
+54.7% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
283
155
125
+82.3%
Capital expenditure
21.9
18.1
9.5
+21.3%
Free cash flow
261
137
115
+90.4%
Free cash flow margin
22.2%
16.1%
18.2%
Cash from investing
-220
-480
48.4
Cash from financing
-1,435
2,172
280
Depreciation and amortisation
60.9
50.2
43.0
+21.2%
Share-based compensation
147
96.2
63.1
+53.1%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
57m
56m
56m
+0.3%
Shares outstanding at period end
56m
55m
55m
+1.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
843
613
477
+37.4%
Debt
0.0
0.0
0.0
Operating lease liabilities
62.5
69.1
67.2
-9.6%
Other liabilities
2,790
4,126
1,871
-32.4%
Total liabilities and equity
3,696
4,809
2,415
-23.2%
Fixed assets
64.1
62.8
59.8
+2.0%
Goodwill
102
102
33.6
+0.1%
Intangible assets
34.5
45.5
13.0
-24.1%
Investments
n/a
0.0
4.5
Securities held for sale or to maturity
489
n/a
n/a
Cash and equivalents
289
140
202
+106.6%
Receivables
25.1
15.8
6.3
+59.2%
Other assets
2,692
4,443
2,095
-39.4%
Total assets
3,696
4,809
2,415
-23.2%
10-K for the year ended 30 June 2023, filed 4 August 2023: the filing.