Paylocity Holding Corp

Latest Results (13.11.2025):

Paylocity Holding Corp reported its fourth quarter 2025 and full fiscal year 2025 financial results with notable growth across key metrics. In Q4 2025, the company achieved recurring and other revenue of $369.9 million and total revenue of $400.7 million, reflecting a year-over-year increase of 14% and 12% respectively. For the full fiscal year 2025, recurring revenue reached $1,471.8 million and total revenue $1,595.2 million, growing by 15% and 14%. The report also highlighted improving net income, robust adjusted EBITDA performance, significant share repurchase activity, and the strategic launch of Paylocity for Finance to expand its market reach.

Revenue Growth

For Q4 2025, total revenue climbed to $400.7 million and recurring revenue to $369.9 million, marking double-digit year-over-year gains. FY 2025 figures continued this trend with total revenue at $1,595.2 million and recurring revenue at $1,471.8 million, underscoring healthy, sustained top-line expansion.

Profitability & EBITDA

Q4 2025 GAAP net income stood at $48.6 million (approximately $0.86 per share), while FY 2025 GAAP net income increased to $227.1 million. The company saw adjusted EBITDA rise to $583.0 million for FY 2025 and to $130.7 million in Q4, highlighting strong profitability and operational efficiency improvements.

Strategic Initiatives

During FY 2025, Paylocity repurchased 800,000 shares for $150 million and increased its share repurchase authorization by $500 million. Additionally, the launch of Paylocity for Finance marks a strategic expansion into the Office of the CFO, unifying HR and finance operations under one integrated system.

Cash Flow & Balance Sheet Strength

The company ended FY 2025 with robust liquidity, posting cash and cash equivalents of $398.1 million. Operating cash flow reached $418.2 million, while targeted debt repayment supported a solid balance sheet following the Airbase acquisition funding, reinforcing the firm’s financial stability.

Forward Guidance

Looking to fiscal 2026, Paylocity forecasts Q1 recurring revenue between $370.0 million and $375.0 million, with total revenue expected between $397.5 million and $402.5 million. For the full year, recurring revenue guidance is anticipated to be between $1.597 billion and $1.612 billion, and total revenue between $1.707 billion and $1.722 billion, indicating continued growth momentum.