PAYLOCITY HOLDING CORPORATION
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|
| Revenue | $377.5M | $300.0M | $230.7M | $152.7M | $108.7M | $77.3M | $55.1M |
| Cost of Revenue | $149.2M | $124.0M | $98.1M | $70.9M | $55.1M | $39.7M | $29.1M |
| Gross Profit | $228.3M | $176.0M | $132.6M | $81.8M | $53.6M | $37.6M | $26.0M |
| Gross Margin | 60.5% | 58.7% | 57.5% | 53.6% | 49.3% | 48.7% | 47.2% |
| Operating Expenses | |||||||
| Research & Development | $37.6M | $29.1M | $26.7M | $19.9M | $10.4M | $6.8M | $1.8M |
| SG&A Expense | $79.3M | $62.1M | $47.6M | $32.8M | $22.0M | $12.1M | $8.6M |
| Operating Income | $15.9M | $7.3M | $-3.6M | $-13.9M | $-7.0M | $31.0K | $2.8M |
| Operating Margin | 4.2% | 2.4% | -1.5% | -9.1% | -6.5% | 0.0% | 5.0% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $16.8M | $7.4M | $-3.7M | $-13.9M | $-6.9M | $15.0K | $842.0K |
| Income Tax Expense | $-21.8M | $651.0K | $177.0K | $105.0K | $255.0K | $-602.0K | $884.0K |
| Net Income | $38.6M | $6.7M | $-3.9M | $-14.0M | $-7.1M | $617.0K | $1.7M |
| Net Margin | 10.2% | 2.2% | -1.7% | -9.2% | -6.5% | 0.8% | 3.1% |
| EPS (Basic) | $0.74 | $0.13 | $-0.08 | $-0.28 | $-0.26 | $-0.07 | $0.02 |
| EPS (Diluted) | $0.70 | $0.12 | $-0.08 | $-0.28 | $-0.26 | $-0.07 | $0.02 |
| Shares Outstanding (Basic) | 52.4M | 51.4M | 50.9M | 50.1M | 36.7M | 32.0M | 43.9M |
| Shares Outstanding (Diluted) | 54.9M | 54.1M | 50.9M | 50.1M | 36.7M | 32.0M | 44.3M |
| Dividends Per Share | — | — | — | — | — | — | — |