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 Ratings4.4
Overall CultureA+

Latest Updates

Employees (est.) (Jun 2020)3,600(+19%)
Job Openings194
Revenue (FY, 2020)$561.3 M(+21%)
Share Price (Jun 2021)$176.4(+2%)
Cybersecurity ratingBMore

Key People/Management at Paylocity

Steve Beauchamp

Steve Beauchamp

Chief Executive Officer
Michael Haske

Michael Haske

President and Chief Operating Officer
Toby Williams

Toby Williams

Chief Financial Officer
Cheryl Johnson

Cheryl Johnson

Chief Human Resources Officer
Ted Gaty

Ted Gaty

Senior Vice President of Product and Technology
Andy Cappotelli

Andy Cappotelli

Chief Accounting Officer
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Paylocity Office Locations

Paylocity has offices in Schaumburg, Lake Mary, Louisville, Meridian and in 5 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
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Paylocity Financials and Metrics

Paylocity Revenue

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View revenue for all periods
Paylocity's revenue was reported to be $561.33 m in FY, 2020
USD

Revenue (Q3, 2021)

186.1m

Gross profit (Q3, 2021)

128.7m

Gross profit margin (Q3, 2021), %

69.2%

Net income (Q3, 2021)

36.8m

EBIT (Q3, 2021)

39.1m

Market capitalization (11-Jun-2021)

9.6b

Closing stock price (11-Jun-2021)

176.4

Cash (31-Mar-2021)

175.5m

EV

9.5b
Paylocity's current market capitalization is $9.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

230.7m300.0m377.5m467.6m561.3m

Revenue growth, %

51%30%26%24%

Cost of goods sold

98.1m124.0m149.2m153.9m182.0m

Gross profit

132.6m176.0m228.3m313.8m379.3m
Quarterly
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

86.5m103.5m137.2m132.5m250.9m

Accounts Receivable

1.7m2.0m3.5m4.4m4.9m

Prepaid Expenses

7.4m14.9m12.0m13.9m13.2m

Current Assets

1.3b1.1b1.4b1.6b1.7b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(3.9m)6.7m38.6m53.8m64.5m

Depreciation and Amortization

13.9m21.0m30.2m34.6m37.9m

Accounts Payable

72.0k219.0k740.0k(75.0k)(806.0k)

Cash From Operating Activities

33.0m62.0m97.9m115.0m112.7m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(2.6m)(4.2m)10.6m543.0k974.0k40.2m9.9m15.6m43.6m13.9m19.4m59.5m12.5m22.1m58.9m

Depreciation and Amortization

4.3m9.1m14.7m6.7m13.4m20.6m8.2m16.8m25.2m8.9m18.3m27.8m10.2m21.1m32.1m

Accounts Payable

85.0k46.0k(145.0k)(101.0k)(88.0k)429.0k(415.0k)147.0k596.0k39.0k261.0k863.0k1.6m1.1m1.6m

Cash From Operating Activities

1.9m15.4m43.3m8.2m34.2m69.3m7.3m34.3m79.2m8.3m36.1m86.8m(1.6m)19.7m85.8m
USDFY, 2016

Revenue/Employee

128.2k

Financial Leverage

11.6 x
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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%
Show all operating metrics

Paylocity Acquisitions / Subsidiaries

Company NameDateDeal Size
Benefit Administration Technologies
Paylocity Corporation

Paylocity Revenue Breakdown

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Paylocity revenue breakdown by business segment: 93.4% from Recurring Fees and 6.6% from Other

Paylocity Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

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+

    84/100

  • CEO Rating

    A+

    90/100

  • Compensation

    A+

    85/100

  • Diversity

    A+

    95/100

Learn more on Comparably

Paylocity News and Updates

Paylocity Announces Second Quarter Fiscal Year 2021 Financial Results

SCHAUMBURG, Ill., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announced financial results for the second quarter of fiscal year 2021, which ended December 31, 2020.

Paylocity announces Q2 FY21 earnings conference call

SCHAUMBURG, Ill., Jan. 21, 2021 (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 2021 results for Thursday, February 4th…

Paylocity Introduces Premium Video Across Platform to Provide More Dynamic, Asynchronous Workplace Communication

SCHAUMBURG, Ill., Sept. 22, 2020 /PRNewswire/ -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces new Premium Video capabilities within its platform. With the modern workforce craving solutions to enable flexible communication,...

Is ServiceNow A Better Investment Than Paylocity Holding?

ServiceNow’s stock is up by around 117% in the last two years. On the other hand, peer, Paylocity Holding’s stock is up a plentiful 156% during the same period. While both the companies provide cloud based solutions, it’s hard to believe that Paylocity Holding’s stock is up more than 1.3x...

Paylocity Announces Second Quarter Fiscal Year 2020 Financial Results

SCHAUMBURG, Ill., Feb. 04, 2020 (GLOBE NEWSWIRE) -- Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of payroll and human capital management software solutions, today announced financial results for the second quarter of fiscal year 2020, which ended December 31, 2019.

Compeat partners with Paylocity to expand modern payroll and HR solutions for hospitality brands

AUSTIN, Texas and SCHAUMBURG, Ill., Oct. 08, 2019 (GLOBE NEWSWIRE) -- Compeat, a leading provider of innovative restaurant accounting, back office, workforce, and intelligence management software, has partnered with Paylocity (NASDAQ: PCTY), a cloud-based provider of payroll and human capital mana…
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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 3,600 employees.

  • What is Paylocity revenue?

    Latest Paylocity annual revenue is $561.3 m.

  • What is Paylocity revenue per employee?

    Latest Paylocity revenue per employee is $155.9 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 5 other locations.

  • How many offices does Paylocity have?

    Paylocity has 9 offices.