Paylocity Holding (PCTY) Q4 FY2026 earnings: revenue $445 million, up 11.0% on the year

Paylocity Holding Corp. (PCTY) reported revenue of $445 million for Q4 FY2026, the quarter ended 30 June 2026, up 11.0% on the same quarter a year earlier. Net income was $60 million, up 24.1% on the year, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 5 August 2026.

Revenue$445 millionup 11.0%

Net income$60 millionup 24.1%

Diluted EPS$1.12

QuarterQ4 FY2026ended 30 June 2026

The quarter, against the one before and a year earlier

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Revenue	445	502	401	+11.0%
Cost of revenue	144	139	129	+12.0%
Gross profit	300	363	272	+10.5%
Gross margin	67.5%	72.3%	67.8%
Research and development	55.5	52.5	51.0	+8.8%
Operating income	84.4	157	66.2	+27.5%
Operating margin	19.0%	31.3%	16.5%
Pre-tax income	85.2	157	66.8	+27.5%
Income tax	24.9	45.8	18.2	+36.7%
Effective tax rate	29.2%	29.2%	27.2%
Net income	60.3	111	48.6	+24.1%
Net margin	13.6%	22.1%	12.1%
Diluted EPS	$1.12	$2.05	$0.86	+30.2%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free 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 and capital returned

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Operating cash flow	112	218	86.6	+29.3%
Capital expenditure	20.6	8.4	5.4	+278.7%
Free cash flow	91.3	210	81.1	+12.5%
Free cash flow margin	20.5%	41.7%	20.2%
Cash from investing	-101	-26.2	-127	n/a
Cash from financing	-672	-1,723	-869	n/a
Depreciation and amortisation	29.2	10.1	26.5	+10.6%
Share-based compensation	27.2	31.4	30.3	-10.3%
Buybacks	48.1	50.0	58.6	-17.8%
Diluted shares, weighted	54m	54m	56m	-4.1%
Shares outstanding at period end	53m	54m	55m	-3.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Shareholders' equity	1,221	1,181	1,234	-1.0%
Debt	81.2	81.2	162	-50.0%
Operating lease liabilities	42.2	43.9	46.8	-9.8%
Other liabilities	3,539	4,138	2,946	+20.1%
Total liabilities and equity	4,884	5,444	4,389	+11.3%
Fixed assets	71.4	56.8	54.2	+31.7%
Goodwill	379	343	343	+10.5%
Intangible assets	86.1	77.1	92.7	-7.0%
Securities held for sale or to maturity	612	608	620	-1.2%
Cash and equivalents	272	300	398	-31.7%
Receivables	50.1	48.4	41.6	+20.3%
Other assets	3,413	4,012	2,840	+20.2%
Total assets	4,884	5,444	4,389	+11.3%

Quarterly results, the last 12 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	318	326	401	357	363	377	455	401	408	416	502	445
Cost of revenue	101	107	116	117	115	125	130	129	128	134	139	144
Gross profit	216	219	285	240	248	252	325	272	280	282	363	300
Gross margin	68%	67%	71%	67%	68%	67%	71%	68%	69%	68%	72%	68%
R&D	44.6	46.1	43.4	44.2	47.3	56.2	51.4	51.0	55.6	57.7	52.5	55.5
Operating income	41.2	49.7	106	62.9	64.1	46.6	127	66.2	74.2	70.4	157	84.4
Operating margin	13%	15%	26%	18%	18%	12%	28%	17%	18%	17%	31%	19%
Pre-tax income	44.4	53.5	111	68.5	68.9	46.8	127	66.8	74.9	70.2	157	85.2
Tax rate	22%	29%	23%	29%	28%	20%	28%	27%	36%	28%	29%	29%
Net income	34.5	38.1	85.3	48.8	49.6	37.5	91.5	48.6	48.0	50.2	111	60.3
Net margin	11%	12%	21%	14%	14%	10%	20%	12%	12%	12%	22%	14%
Diluted EPS	$0.61	$0.67	$1.50	$0.86	$0.88	$0.66	$1.61	$0.86	$0.86	$0.92	$2.05	$1.12
Operating cash flow	62.1	75.1	168	79.9	91.5	54.2	186	86.6	86.5	117	218	112
Capital expenditure	3.5	2.7	5.6	6.3	2.3	3.0	2.3	5.4	3.8	3.4	8.4	20.6
Free cash flow	58.7	72.4	162	73.6	89.1	51.2	184	81.1	82.7	114	210	91.3
Buybacks	n/a	n/a	0.0	n/a	0.0	8.4	82.7	58.6	200	100	50.0	48.1
Shares outstanding	56m	56m	56m	56m	56m	56m	56m	55m	54m	54m	54m	53m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 30 June 2026, filed 5 August 2026, accession 0001591698-26-000069: the filing on EDGAR. All of Paylocity Holding Corp.'s filings: EDGAR company page.

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