Paylocity (PCTY)
Information Technology · Cloud-based HR and payroll software
Paylocity is a cloud-based HR and payroll software platform serving mid-market businesses with integrated workforce management solutions.
What Paylocity does
Paylocity Holding Corporation develops and markets cloud-based human capital management (HCM) software and services. The platform integrates payroll processing, benefits administration, talent management, and workforce analytics for mid-market employers. The company generates revenue through recurring subscription fees and ancillary services, including interest income on client funds held for payroll and benefits purposes. Paylocity serves organizations with 50 to 5,000+ employees through a single-tenant, modern cloud architecture.
Themes: ["HR software / HCM","Payroll processing","Benefits administration","Cloud-based workforce management","Mid-market enterprise software"]
Fundamentals
- Price$116.62 as of 2026-07-09 close
- Market cap$6.2B as of 2026-07-10
- 1-year return-36.9% as of 2026-07-09 close
- P/E23.91 as of 2026-07-10
- Net margin+14.9% as of 2026-07-10
- Gross margin+69.3% as of 2026-07-10
- ROE+22.4% as of 2026-07-10
- Debt / equity0.07 as of 2026-07-10
- Revenue growth (YoY)+11.3% as of 2026-07-10
- Revenue CAGR (3y)+23.2% SEC XBRL
- Beta0.46 as of 2026-07-10
Key risks (from latest filing)
["Intense competition from large, well-capitalized HR software providers like ADP and Workday","Dependence on client retention and recurring revenue; customer churn could materially impact revenue growth","Exposure to interest rate risk on funds held for clients, which represents a significant liability and revenue component"]
Competitors & peers
- ADP (ADP)
- Workday (WRKY)
- Paychex (PAYX)
- Zenefits
- BambooHR
- Namely
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.