Paylocity

OverviewSuggest Edit

Paylocity is a company providing cloud-based payroll and human capital management software solutions. It offers a unified platform that delivers benefits, core HR, payroll, talent, and workforce management capabilities.

TypePublic
Founded1997
HQSchaumburg, IL, US
Websitepaylocity.com
Employee Ratings4.1
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2021)4,150(+16%)
Job Openings197
Revenue (FY, 2021)$635.6 M(+14%)
Share Price (May 2022)$178.5(+5%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Paylocity

Steve Beauchamp

Steve Beauchamp

Co-Chief Executive Officer
Michael Haske

Michael Haske

President and Chief Operating Officer
Toby Williams

Toby Williams

President and Co-Chief Executive Officer
Cheryl Johnson

Cheryl Johnson

Chief Human Resources Officer
Ryan Glenn

Ryan Glenn

Chief Financial Officer
Andy Cappotelli

Andy Cappotelli

Vice President of Client Tax Operations, Chief Compliance and Risk Officer
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Paylocity Office Locations

Paylocity has offices in Schaumburg, Lake Mary, Louisville, Meridian and in 4 other locations
Schaumburg, IL, US (HQ)
1400 American Ln
Lake Mary, FL, US
615 Crescent Executive Ct #300Lake
Louisville, KY, US
3600 Chamberlain Ln #148
Meridian, ID, US
2775 W Navigator Dr
New York, NY, US
1359 Broadway #808
Oakland, CA, US
2107 Livingston St Suite C
Show all (8)

Paylocity Financials and Metrics

Paylocity Revenue

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View revenue for all periods
Paylocity's revenue was reported to be $635.63 m in FY, 2021 which is a 13.2% increase from the previous period.
USD

Revenue (Q1, 2022)

181.7m

Gross profit (Q1, 2022)

118.4m

Gross profit margin (Q1, 2022), %

65.2%

Net income (Q1, 2022)

30.9m

EBIT (Q1, 2022)

10.3m

Market capitalization (27-May-2022)

9.4b

Closing stock price (27-May-2022)

178.5

Cash (30-Sept-2021)

66.4m

EV

9.4b
Paylocity's current market capitalization is $9.4 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

467.6m561.3m635.6m

Revenue growth, %

24%20%13%

Cost of goods sold

153.9m182.0m219.3m

Gross profit

313.8m379.3m416.3m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

126.7m132.4m171.6m135.8m146.3m186.1m181.7m

Cost of goods sold

42.6m45.4m48.1m49.4m53.5m57.3m63.2m

Gross profit

84.1m87.0m123.6m86.4m92.8m128.7m118.4m

Gross profit Margin, %

66%66%72%64%63%69%65%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

132.5m250.9m202.3m

Accounts Receivable

4.4m4.9m6.3m

Prepaid Expenses

13.9m13.2m16.0m

Current Assets

1.6b1.7b2.0b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

100.5m75.9m114.3m221.5m218.7m175.5m66.4m

Accounts Receivable

3.9m4.3m5.8m4.7m6.1m9.2m8.1m

Prepaid Expenses

13.9m12.9m13.3m15.2m15.6m14.2m21.9m

Current Assets

1.3b2.0b2.0b1.7b2.5b2.3b3.3b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

53.8m64.5m70.8m

Depreciation and Amortization

34.6m37.9m43.0m

Accounts Payable

(75.0k)(806.0k)2.4m

Cash From Operating Activities

115.0m112.7m124.9m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

13.9m19.4m59.5m12.5m22.1m58.9m30.9m

Depreciation and Amortization

8.9m18.3m27.8m10.2m21.1m32.1m11.3m

Accounts Payable

39.0k261.0k863.0k1.6m1.1m1.6m

Cash From Operating Activities

8.3m36.1m86.8m(1.6m)19.7m85.8m(4.1m)
USDFY, 2019

Revenue/Employee

153.3k

Financial Leverage

5.9 x

P/E Ratio

96.7
Show all financial metrics

Paylocity Operating Metrics

Paylocity's Transaction Volume was reported to be $134b in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Clients

8.5 k10.35 k12.5 k14.55 k16.7 k20.2 k

Transaction Volume

$39 b$54 b$74 b$92 b$110 b$134 b

Annual Revenue Retention Rate

92%92%92%92%92%92%

Paylocity Acquisitions / Subsidiaries

Company NameDateDeal Size
cloudsnapJanuary 19, 2022
Blue Marble PayrollSeptember 01, 2021$60 m
Samepage Labs Inc.,November 16, 2020$15.02 m
VidGrid Inc.,April 06, 2020$17.26 m
Benefit Administration Technologies, Inc
Paylocity Corporation
Samepage Labs Inc
Samepage s.r.o
VidGrid Inc

Paylocity Revenue Breakdown

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Paylocity revenue breakdown by business segment: 95.9% from Recurring Fees and 4.1% from Other

Paylocity Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Paylocity Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Paylocity Online and Social Media Presence

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Paylocity Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    88/100

  • Compensation

    A

    83/100

  • Diversity

    B+

    79/100

Learn more on Comparably

Paylocity News and Updates

Paylocity Announces Q3 FY22 Earnings Conference Call

SCHAUMBURG, Ill., April 13, 2022 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced that it has scheduled a conference call to review its third quarter fiscal 2022 results for Thursday, May 5th at 4…

Paylocity Announces Promotion of Toby Williams to President and Co-CEO, and Ryan Glenn to CFO

Steve Beauchamp continues as Co-CEO and Board Member Steve Beauchamp continues as Co-CEO and Board Member

Paylocity Announces Acquisition of Cloudsnap

Integration Automation Platform Reaffirms Commitment to Delivering the Most Modern Workforce Solutions Platform Integration Automation Platform Reaffirms Commitment to Delivering the Most Modern Workforce Solutions Platform

Paylocity announces Q2 FY22 earnings conference call

SCHAUMBURG, Ill., Jan. 18, 2022 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced that it has scheduled a conference call to review its second quarter fiscal 2022 results for Thursday, February 3rd…

Paylocity Announces Acquisition of Blue Marble Payroll

SCHAUMBURG, Ill., Sept. 01, 2021 (GLOBE NEWSWIRE) -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces the acquisition of Blue Marble Payroll, a longtime partner providing international payroll solutions.

Paylocity Announces Three Executive Promotions to Support Long-term Growth

SCHAUMBURG, Ill., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions, is today promoting three executives focused on supporting the long-term growth of the business: Holly Fulp is being promoted to Sen…
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Paylocity Blogs

Regulatory Roundup: February 2020

The U.S. Citizenship and Immigration Services (USCIS) released a new Form I-9 earlier this month, giving clarification on what qualifies as an acceptable document and who can act as an authorized employer representative, among other changes. Employers can start using the form immediately, but must b…

New Version of Form I-9

AT A GLANCE The new version of Form I-9 was released on January 31, 2020. The new version, dated 10/21/2019, must be used by May 1, 2020 Paylocity will have the new version available by the deadline, in the meantime employers can continue to use the 07/17/2017 N form.   Introduction On January 31, 2…

Regulatory Roundup: January 2020

The flourishing gig economy has redefined and expanded the definition of “employee.” Employers now more commonly see a mix between full-time, part-time, salaried, hourly, contract, freelance, and temporary employees. That means HR and payroll teams have to stay on top of different worker classificat…

How to Find the Right HR and Payroll Solution for Your Business

Top HR executives and leaders driving the future of HR are setting their sights beyond business growth with forward-thinking goals like The post How to Find the Right HR and Payroll Solution for Your Business appeared first on Paylocity.

Paylocity Enhances Product Suite to Help Organizations Attract and Retain Top Gen Z Talent

SCHAUMBURG, IL., January 15 — Paylocity (NASDAQ: PCTY), a leading cloud-based provider of payroll and human capital management (HCM) software solutions, today announces its commitment to helping employers attract and retain the growing segment of Generation Z employees in the workforce as 2020 kicks…

Paylocity Unveils W-4 Readiness Kit to Help Employers Prepare for IRS Changes Effective This Month

SCHAUMBURG, IL., January 8 — Paylocity (NASDAQ: PCTY), a leading provider of cloud-based payroll and human capital management (HCM) software solutions, today announces its W-4 Readiness Kit to help its clients ensure compliance with the Internal Revenue Service’s (IRS) new W-4, Employee’s Withholdin…
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Paylocity Frequently Asked Questions

  • When was Paylocity founded?

    Paylocity was founded in 1997.

  • Who are Paylocity key executives?

    Paylocity's key executives are Steve Beauchamp, Michael Haske and Toby Williams.

  • How many employees does Paylocity have?

    Paylocity has 4,150 employees.

  • What is Paylocity revenue?

    Latest Paylocity annual revenue is $635.6 m.

  • What is Paylocity revenue per employee?

    Latest Paylocity revenue per employee is $153.2 k.

  • Who are Paylocity competitors?

    Competitors of Paylocity include SD Worx, The Access Group and Reflexis Systems.

  • Where is Paylocity headquarters?

    Paylocity headquarters is located at 1400 American Ln, Schaumburg.

  • Where are Paylocity offices?

    Paylocity has offices in Schaumburg, Lake Mary, Louisville, Meridian and in 4 other locations.

  • How many offices does Paylocity have?

    Paylocity has 8 offices.