Paylocity Holding Corp key statistics and ratios

In fiscal 2026, Paylocity Holding Corp had return on equity of 22.0%, an operating margin of 21.8%, debt equal to 6.7% of equity and a current ratio of 1.09. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Paylocity Holding Corp: financial ratios, annual
Fiscal year	2012Jun 2012	2013Jun 2013	2014Jun 2014	2015Jun 2015	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Jun 2022	2023Jun 2023	2024Jun 2024	2025Jun 2025	2026Jun 2026
Gross margin	47.2%	48.7%	49.3%	53.6%	57.5%	58.7%	60.5%	67.1%	67.6%	65.5%	66.3%	68.8%	68.5%	68.8%	69.2%
Operating margin	5.0%	0.0%	−6.5%	−9.1%	−1.5%	2.4%	4.2%	12.0%	11.8%	9.1%	9.9%	13.2%	18.5%	19.1%	21.8%
Net margin	3.1%	0.8%	−6.5%	−9.2%	−1.7%	2.2%	10.2%	11.5%	11.5%	11.1%	10.6%	12.0%	14.7%	14.2%	15.2%
Free-cash-flow margin	9.3%	2.9%	0.5%	1.4%	7.3%	13.5%	20.2%	22.2%	17.1%	18.2%	16.1%	22.2%	26.1%	25.4%	28.1%
Return on equity	—	—	−22.0%	−14.1%	−3.4%	5.0%	21.4%	20.7%	18.4%	16.3%	16.7%	19.3%	22.0%	20.0%	22.0%
Return on assets	—	0.2%	−1.6%	−2.2%	−0.4%	0.5%	2.9%	3.3%	3.4%	3.2%	2.5%	3.3%	5.2%	5.3%	5.8%
Asset turnover	—	0.20	0.24	0.24	0.22	0.24	0.29	0.28	0.30	0.29	0.24	0.28	0.35	0.37	0.38
Current ratio	—	1.01	1.16	1.11	1.05	1.09	1.08	1.10	1.18	1.09	1.03	1.10	1.13	1.14	1.09
Debt to equity	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	25.5%	21.0%	0.0%	0.0%	0.0%	13.2%	6.7%
Effective tax rate	—	—	—	—	—	8.8%	—	7.3%	4.0%	−24.0%	−8.6%	11.2%	25.4%	26.5%	30.4%
R&D as % of revenue	3.2%	8.8%	9.5%	13.0%	11.6%	9.7%	10.0%	10.8%	11.2%	12.1%	12.1%	14.0%	12.7%	12.9%	12.5%
Capital spending as % of revenue	6.3%	5.2%	6.1%	5.9%	7.0%	7.1%	5.7%	2.4%	3.0%	1.5%	2.1%	1.9%	1.3%	0.8%	2.0%
Free cash flow ÷ net income	303.2%	363.2%	—	—	—	605.0%	197.4%	192.8%	149.1%	162.9%	150.9%	185.2%	177.3%	178.4%	184.3%
Dividends and buybacks ÷ free cash flow	534.8%	7.2%	—	—	—	—	—	33.7%	—	—	0.0%	0.0%	40.9%	36.9%	80.1%

US$ thousands unless shown otherwise. Fiscal quarters.

Paylocity Holding Corp: financial ratios, quarterly
Quarter	2025 Q1Sept 2024	2025 Q2Dec 2024	2025 Q3Mar 2025	2025 Q4Jun 2025	2026 Q1Sept 2025	2026 Q2Dec 2025	2026 Q3Mar 2026	2026 Q4Jun 2026
Gross margin	68.3%	67.0%	71.4%	67.8%	68.5%	67.8%	72.3%	67.5%
Operating margin	17.7%	12.4%	27.9%	16.5%	18.2%	16.9%	31.3%	19.0%
Net margin	13.7%	9.9%	20.1%	12.1%	11.8%	12.1%	22.1%	13.6%
Free-cash-flow margin	24.6%	13.6%	40.4%	20.2%	20.3%	27.3%	41.7%	20.5%
Current ratio	1.32	1.14	1.13	1.14	1.07	1.04	1.08	1.09
Debt to equity	29.4%	27.7%	20.2%	13.2%	7.4%	7.4%	6.9%	6.7%
R&D as % of revenue	13.0%	14.9%	11.3%	12.7%	13.6%	13.9%	10.5%	12.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

6 of 6 checks passed · June 30, 2026

What it owns · $4.9bn

Short-term assets $3.7bnLonger-term assets $1.2bn

What it owes, and who funded it · $4.9bn

Short-term liabilities $3.4bnLonger-term liabilities $243mShareholders' equity $1.2bn

Short-term assets cover short-term liabilities $3.7bn of assets due within a year against $3.4bn of liabilities due within a year.
Short-term assets cover long-term liabilities $3.7bn short-term assets against $243m of longer-dated liabilities.
More cash than debt $272m of cash against $81m of debt.
Debt below 40% of shareholders' equity Debt is 7% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $533m of operating cash flow against $81m of debt.
Operating profit covers interest at least five times over No material interest expense reported.

From Paylocity Holding Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

46 /100

Moderate moat

How hard Paylocity Holding's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 8 / 20

Cash operating profit has been a median 7.3% of total assets over 10 years.
Pricing power 19 / 20

Gross margin has been a median 67.3%, moving by 3.5 percentage points (standard deviation) across 10 years.
Durability 6 / 20

Operating margin has been a median 11.9%; its worst year was 2.4%.
Cash conversion 20 / 20

Free cash flow was positive in 10 of 10 years, at a median 21.2% of revenue.
Discipline 9 / 20

The diluted share count fell 2.7% over five years; stock-based pay has been a median 8.9% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (61 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Paylocity Holding Corp's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Paylocity Holding Corp.