PAYLOCITY HOLDING CORPORATION
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.60B | $1.40B | $1.17B | $852.7M | $635.6M | $561.3M | $467.6M |
| Cost of Revenue | $545.8M | $498.2M | $441.7M | $367.0M | $287.0M | $219.3M | $182.0M | $153.9M |
| Gross Profit | $1.23B | $1.10B | $960.8M | $807.6M | $565.6M | $416.3M | $379.3M | $313.8M |
| Gross Margin | 69.2% | 68.8% | 68.5% | 68.8% | 66.3% | 65.5% | 67.6% | 67.1% |
| Operating Expenses | ||||||||
| Research & Development | $221.4M | $205.9M | $178.3M | $164.0M | $102.9M | $76.7M | $62.8M | $50.3M |
| SG&A Expense | $224.2M | $212.9M | $187.4M | $191.8M | $163.7M | $119.8M | $105.2M | $94.6M |
| Operating Income | $386.0M | $304.0M | $260.1M | $155.0M | $84.6M | $58.0M | $66.2M | $56.2M |
| Operating Margin | 21.8% | 19.1% | 18.5% | 13.2% | 9.9% | 9.1% | 11.8% | 12.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $387.3M | $309.1M | $277.0M | $158.6M | $83.6M | $57.1M | $67.1M | $58.0M |
| Income Tax Expense | $117.6M | $81.9M | $70.2M | $17.8M | $-7.2M | $-13.7M | $2.7M | $4.2M |
| Net Income | $269.7M | $227.1M | $206.8M | $140.8M | $90.8M | $70.8M | $64.5M | $53.8M |
| Net Margin | 15.2% | 14.2% | 14.7% | 12.0% | 10.6% | 11.1% | 11.5% | 11.5% |
| EPS (Basic) | $4.99 | $4.08 | $3.68 | $2.53 | $1.65 | $1.30 | $1.20 | $1.02 |
| EPS (Diluted) | $4.92 | $4.02 | $3.63 | $2.49 | $1.61 | $1.26 | $1.15 | $0.97 |
| Shares Outstanding (Basic) | 54.1M | 55.6M | 56.2M | 55.7M | 55.0M | 54.3M | 53.5M | 52.9M |
| Shares Outstanding (Diluted) | 54.8M | 56.6M | 57.0M | 56.6M | 56.4M | 56.3M | 55.8M | 55.4M |
| Dividends Per Share | — | — | — | — | — | — | — | — |