Paylocity Holding Corp
For the period ended Dec 31, 2025. Filed Feb 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2025 · Filed Feb 6, 2026
PCTY$179.00+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Consolidated Statements of Operations and Comprehensive Income
(in thousands, except per share data)
| Three Months EndedDecember 31, | Six Months EndedDecember 31, | |||
|---|---|---|---|---|
| 2024 | 2025 | 2024 | 2025 | |
| Revenues: | ||||
| Recurring and other revenue | $347,714 | $386,980 | $680,819 | $765,838 |
| Interest income on funds held for clients | 29,266 | 29,154 | 59,117 | 58,468 |
| Total revenues | 376,980 | 416,134 | 739,936 | 824,306 |
| Cost of revenues | 124,545 | 133,996 | 239,505 | 262,376 |
| Gross profit | 252,435 | 282,138 | 500,431 | 561,930 |
| Operating expenses: | ||||
| Sales and marketing | 93,133 | 98,078 | 181,564 | 194,446 |
| Research and development | 56,155 | 57,739 | 103,415 | 113,346 |
| General and administrative | 56,524 | 55,940 | 104,685 | 109,546 |
| Total operating expenses | 205,812 | 211,757 | 389,664 | 417,338 |
| Operating income | 46,623 | 70,381 | 110,767 | 144,592 |
| Other income (expense) | 193 | (204) | 4,935 | 498 |
| Income before income taxes | 46,816 | 70,177 | 115,702 | 145,090 |
| Income tax expense | 9,351 | 19,980 | 28,664 | 46,902 |
| Net income | $37,465 | $50,197 | $87,038 | $98,188 |
| Other comprehensive income (loss), net of tax | (5,658) | 72 | 1,153 | 751 |
| Comprehensive income | $31,807 | $50,269 | $88,191 | $98,939 |
| Net income per share: | ||||
| Basic | $0.67 | $0.93 | $1.56 | $1.80 |
| Diluted | $0.66 | $0.92 | $1.54 | $1.77 |
| Weighted-average shares used in computing net income per share: | ||||
| Basic | 55,826 | 54,086 | 55,733 | 54,550 |
| Diluted | 56,740 | 54,773 | 56,536 | 55,342 |
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