Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $231M | $300M | $368M | $448M | $546M | $632M | $848M | $1.10B | $1.28B | $1.47B |
| Revenue growth | — | 30.0% | 22.8% | 21.5% | 22.0% | 15.7% | 34.2% | 29.5% | 16.7% | 14.8% |
| Gross profit | $133M | $176M | $228M | $314M | $379M | $416M | $566M | $808M | $961M | $1.10B |
| Gross margin | 57.5% | 58.7% | 62.0% | 70.1% | 69.4% | 65.9% | 66.7% | 73.5% | 75.0% | 74.5% |
| Operating income | -$3.55M | $7.30M | $15.9M | $56.2M | $66.2M | $58.0M | $84.6M | $155M | $260M | $304M |
| Operating margin | -1.5% | 2.4% | 4.3% | 12.6% | 12.1% | 9.2% | 10.0% | 14.1% | 20.3% | 20.7% |
| Net income | -$3.85M | $6.72M | $38.6M | $53.8M | $64.5M | $70.8M | $90.8M | $141M | $207M | $227M |
| Net margin | -1.7% | 2.2% | 10.5% | 12.0% | 11.8% | 11.2% | 10.7% | 12.8% | 16.1% | 15.4% |
| EPS (diluted) | -$0.08 | $0.12 | $0.70 | $0.97 | $1.15 | $1.26 | $1.61 | $2.49 | $3.63 | $4.02 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33.0M | $62.0M | $97.9M | $115M | $113M | $125M | $155M | $283M | $385M | $418M |
| Capital expenditures | $16.1M | $21.3M | $21.7M | $11.3M | $16.6M | $9.46M | $18.1M | $21.9M | $18.0M | $13.1M |
| Free cash flow | $16.9M | $40.6M | $76.2M | $104M | $96.1M | $115M | $137M | $261M | $367M | $405M |
| Share buybacks | — | — | — | $35.0M | — | — | $0.00 | $0.00 | $150M | $150M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $86.5M | $103M | $137M | $132M | $251M | $202M | $140M | $289M | $402M | $398M |
| Total assets | $1.39B | $1.14B | $1.51B | $1.80B | $1.99B | $2.41B | $4.81B | $3.70B | $4.25B | $4.39B |
| Total liabilities | $1.27B | $990M | $1.29B | $1.50B | $1.59B | $1.94B | $4.20B | $2.85B | $3.21B | $3.16B |
| Long-term debt | — | — | — | — | $100M | — | — | — | $0.00 | $163M |
| Shareholders' equity | $120M | $148M | $213M | $308M | $393M | $477M | $613M | $843M | $1.03B | $1.23B |
| Retained earnings | -$52.0M | -$45.3M | $46.0M | $99.8M | $164M | $235M | $326M | $467M | $673M | $901M |
| Shares (wtd avg diluted) | 50.9M | 54.1M | 54.9M | 55.4M | 55.8M | 56.3M | 56.4M | 56.6M | 57.0M | 56.5M |
Every figure is extracted from Paylocity Holding Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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