Paylocity Holding (PCTY) FY2024 results: revenue $1.4 billion, up 19.4% on the year
Paylocity Holding Corp. (PCTY) reported revenue of $1.4 billion for fiscal 2024, the year ended 30 June 2024, up 19.4% on the year before. Net income was $207 million, up 46.8%, and diluted earnings per share $3.63. The figures are the company's own, from the 10-K it filed with the SEC on 2 August 2024.
Revenue
$1.4 billion
+19.4% on the year
FY2017FY2024
Operating margin
18.5%
13.2% a year earlier
FY2017FY2024
Net income
$207 million
+46.8% on the year
FY2017FY2024
Diluted EPS
$3.63
+45.8% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
385
283
155
+36.1%
Capital expenditure
18.0
21.9
18.1
-17.7%
Free cash flow
367
261
137
+40.6%
Free cash flow margin
26.1%
22.2%
16.1%
Cash from investing
-102
-220
-480
Cash from financing
142
-1,435
2,172
Depreciation and amortisation
76.4
60.9
50.2
+25.6%
Share-based compensation
146
147
96.2
-0.9%
Buybacks
150
0.0
0.0
Diluted shares, weighted
57m
57m
56m
+0.7%
Shares outstanding at period end
56m
56m
55m
-0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,033
843
613
+22.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
46.8
62.5
69.1
-25.1%
Other liabilities
3,166
2,790
4,126
+13.4%
Total liabilities and equity
4,245
3,696
4,809
+14.9%
Fixed assets
60.6
64.1
62.8
-5.4%
Goodwill
109
102
102
+6.7%
Intangible assets
28.3
34.5
45.5
-18.1%
Investments
n/a
n/a
0.0
Securities held for sale or to maturity
508
489
n/a
+4.0%
Cash and equivalents
402
289
140
+39.1%
Receivables
33.0
25.1
15.8
+31.5%
Other assets
3,105
2,692
4,443
+15.3%
Total assets
4,245
3,696
4,809
+14.9%
10-K for the year ended 30 June 2024, filed 2 August 2024: the filing.