Paylocity Holding Corp
For the period ended Sep 30, 2026. Filed Nov 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.
Sep 30, 2026 · Filed Nov 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 Cash Flows
(in thousands)
| Three Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2026 | |
| Cash flows from operating activities: | ||
| Net income | $47,991 | $57,642 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation expense | 37,846 | 43,254 |
| Depreciation and amortization expense | 27,453 | 29,904 |
| Deferred income tax expense | 22,101 | 2,655 |
| Provision for credit losses | 332 | 401 |
| Net accretion of discounts on available-for-sale securities | (405) | (339) |
| Other | 355 | 372 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (73) | (4,840) |
| Deferred contract costs | (10,424) | (19,238) |
| Prepaid expenses and other | (9,833) | (16,197) |
| Accounts payable | (10,530) | (2,498) |
| Accrued expenses and other | (18,357) | (11,426) |
| Net cash provided by operating activities | 86,456 | 79,690 |
| Cash flows from investing activities: | ||
| Purchases of available-for-sale securities | (30,456) | — |
| Proceeds from sales and maturities of available-for-sale securities | 32,358 | 5,919 |
| Capitalized internal-use software costs | (15,460) | (20,450) |
| Purchases of property and equipment | (3,797) | (3,105) |
| Acquisitions of businesses, net of cash acquired | — | (10,623) |
| Other investing activities | (338) | (2,325) |
| Net cash used in investing activities | (17,693) | (30,584) |
| Cash flows from financing activities: | ||
| Net change in client fund obligations | 70,293 | (309,678) |
| Borrowings under credit facility | — | 50,000 |
| Repayment of credit facility | (81,250) | — |
| Repurchases of common shares | (200,000) | (152,495) |
| Taxes paid related to net share settlement of equity awards | (18,723) | (13,612) |
| Other financing activities | (12) | (4,412) |
| Net cash used in financing activities | (229,692) | (430,197) |
| Net change in cash, cash equivalents and funds held for clients' cash and cash equivalents | (160,929) | (381,091) |
| Cash, cash equivalents and funds held for clients' cash and cash equivalents—beginning of period | 2,482,526 | 2,869,966 |
| Cash, cash equivalents and funds held for clients' cash and cash equivalents—end of period | $2,321,597 | $2,488,875 |
| Supplemental Disclosure of Non-Cash Investing and Financing Activities | ||
| Purchases of property and equipment and capitalized internal-use software, accrued but not paid | $278 | $701 |
| Liabilities assumed for acquisitions | $— | $290 |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for interest | $2,325 | $1,085 |
| Reconciliation of cash, cash equivalents and funds held for clients' cash and cash equivalents to the Consolidated Balance Sheets | ||
| Cash and cash equivalents | $165,192 | $194,523 |
| Funds held for clients' cash and cash equivalents | 2,156,405 | 2,294,352 |
| Total cash, cash equivalents and funds held for clients' cash and cash equivalents | $2,321,597 | $2,488,875 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.