Paylocity Holding (PCTY) Q1 FY2027 earnings: revenue $452 million, up 10.7% on the year

Paylocity Holding Corp. (PCTY) reported revenue of $452 million for Q1 FY2027, the quarter ended 30 September 2026, up 10.7% on the same quarter a year earlier. Net income was $58 million, up 20.1% on the year, and diluted earnings per share $1.07. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$452 million

+10.7% on the year · +1.6% on the quarter

Q2 FY2025Q1 FY2027

Operating margin

18.2%

18.2% a year earlier

Q2 FY2025Q1 FY2027

Net income

$58 million

+20.1% on the year · -4.4% on the quarter

Q2 FY2025Q1 FY2027

Diluted EPS

$1.07

+24.4% on the year · -4.5% on the quarter

Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 4 raised, 4 new.

Recurring revenue grew 12.0%: Recurring and other revenue was $424.5 million, up from $378.9 million, and total revenue was $451.7 million, up 10.7% from $408.2 million.
Net income and EPS rose: GAAP operating income was $82.2 million against $74.2 million. GAAP net income was $57.6 million, or $1.07 diluted EPS, against $48.0 million, or $0.86. Non-GAAP net income per share was $2.09.
Ignite AI leads growth: Management said growth continues to be led by Ignite AI, with innovation aimed at the most modern AI-driven platform, including the recently announced Recruiting Optimizer.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Revenue	452	445	408	+1.6%	+10.7%
Cost of revenue	148	144	128	+2.2%	+14.9%
Gross profit	304	300	280	+1.2%	+8.7%
Gross margin	67.3%	67.5%	68.5%
Research and development	59.0	55.5	55.6	+6.3%	+6.2%
Operating income	82.2	84.4	74.2	-2.6%	+10.8%
Operating margin	18.2%	19.0%	18.2%
Pre-tax income	82.6	85.2	74.9	-3.0%	+10.2%
Income tax	24.9	24.9	26.9	+0.3%	-7.4%
Effective tax rate	30.2%	29.2%	35.9%
Net income	57.6	60.3	48.0	-4.4%	+20.1%
Net margin	12.8%	13.6%	11.8%
Diluted EPS	$1.07	$1.12	$0.86	-4.5%	+24.4%

$ 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

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Operating cash flow	79.7	112	86.5	-28.8%	-7.8%
Capital expenditure	3.1	20.6	3.8	-85.0%	-18.2%
Free cash flow	76.6	91.3	82.7	-16.1%	-7.3%
Free cash flow margin	17.0%	20.5%	20.3%
Cash from investing	-30.6	-101	-17.7
Cash from financing	-430	-672	-230
Depreciation and amortisation	29.9	29.2	27.5	+2.3%	+8.9%
Share-based compensation	43.3	27.2	37.8	+59.3%	+14.3%
Buybacks	152	48.1	200	+217.0%	-23.8%
Diluted shares, weighted	54m	54m	56m	-0.5%	-3.8%
Shares outstanding at period end	52m	53m	54m	-1.8%	-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

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Shareholders' equity	1,150	1,221	1,103	-5.9%	+4.2%
Debt	131	81.2	81.2	+61.5%	+61.5%
Operating lease liabilities	45.7	42.2	46.2	+8.4%	-1.1%
Other liabilities	3,219	3,539	3,005	-9.1%	+7.1%
Total liabilities and equity	4,546	4,884	4,236	-6.9%	+7.3%
Fixed assets	70.3	71.4	51.7	-1.5%	+36.0%
Goodwill	387	379	343	+2.0%	+12.6%
Intangible assets	83.4	86.1	87.4	-3.2%	-4.6%
Securities held for sale or to maturity	594	612	619	-3.0%	-4.0%
Cash and equivalents	195	272	165	-28.5%	+17.8%
Receivables	56.9	50.1	41.7	+13.7%	+36.5%
Other assets	3,160	3,413	2,928	-7.4%	+7.9%
Total assets	4,546	4,884	4,236	-6.9%	+7.3%

Questions

What was Paylocity Holding's revenue in Q1 FY2027?

Paylocity Holding (PCTY) reported revenue of $452 million for Q1 FY2027, the quarter ended 30 September 2026, up 10.7% on the same quarter a year earlier.

How much did Paylocity Holding earn in Q1 FY2027?

Net income for Q1 FY2027 was $58 million, up 20.1% on the year, and diluted earnings per share $1.07.

When did Paylocity Holding report Q1 FY2027 results?

Paylocity Holding filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	196	246	229	253	273	340	308	318	326	401	357	363	377	455	401	408	416	502	445	452
Cost of revenue	70.8	75.5	77.4	84.5	90.1	95.7	96.7	101	107	116	117	115	125	130	129	128	134	139	144	148
Gross profit	125	170	152	169	183	244	212	216	219	285	240	248	252	325	272	280	282	363	300	304
Gross margin	64%	69%	66%	67%	67%	72%	69%	68%	67%	71%	67%	68%	67%	71%	68%	69%	68%	72%	68%	67%
R&D	25.3	25.7	28.9	40.1	41.0	42.3	40.5	44.6	46.1	43.4	44.2	47.3	56.2	51.4	51.0	55.6	57.7	52.5	55.5	59.0
Operating income	8.1	47.4	18.8	7.1	18.2	80.4	49.4	41.2	49.7	106	62.9	64.1	46.6	127	66.2	74.2	70.4	157	84.4	82.2
Operating margin	4%	19%	8%	3%	7%	24%	16%	13%	15%	26%	18%	18%	12%	28%	17%	18%	17%	31%	19%	18%
Pre-tax income	7.8	47.1	18.6	6.9	18.2	81.5	52.0	44.4	53.5	111	68.5	68.9	46.8	127	66.8	74.9	70.2	157	85.2	82.6
Tax rate	-27%	26%	19%	-338%	14%	29%	28%	22%	29%	23%	29%	28%	20%	28%	27%	36%	28%	29%	29%	30%
Net income	9.9	34.8	15.1	30.4	15.6	57.6	37.3	34.5	38.1	85.3	48.8	49.6	37.5	91.5	48.6	48.0	50.2	111	60.3	57.6
Net margin	5%	14%	7%	12%	6%	17%	12%	11%	12%	21%	14%	14%	10%	20%	12%	12%	12%	22%	14%	13%
Diluted EPS	$0.17	$0.62	$0.27	$0.54	$0.28	$1.02	$0.66	$0.61	$0.67	$1.50	$0.86	$0.88	$0.66	$1.61	$0.86	$0.86	$0.92	$2.05	$1.12	$1.07
Operating cash flow	31.0	78.5	49.7	16.4	62.4	127	76.6	62.1	75.1	168	79.9	91.5	54.2	186	86.6	86.5	117	218	112	79.7
Capital expenditure	7.3	4.8	2.7	3.4	3.2	2.1	13.1	3.5	2.7	5.6	6.3	2.3	3.0	2.3	5.4	3.8	3.4	8.4	20.6	3.1
Free cash flow	23.7	73.7	46.9	12.9	59.2	125	63.5	58.7	72.4	162	73.6	89.1	51.2	184	81.1	82.7	114	210	91.3	76.6
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	0.0	8.4	82.7	58.6	200	100	50.0	48.1	152
Shares outstanding	55m	55m	55m	56m	56m	56m	56m	56m	56m	56m	56m	56m	56m	56m	55m	54m	54m	54m	53m	52m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

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 its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. 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.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.