Paylocity Holding Corp
Paylocity Holding Corp is a U.S.-based software company that provides cloud-based human capital management, payroll, and spend management solutions. Its platform is used by employers to manage the employee lifecycle, payroll processing, benefits administration, time and labor, and related workforce workflows through a single SaaS system.
Tilikausi 2026 · muutos edellisvuodesta
Kehitys 2021–2026
Liiketoiminta
Osuus liikevaihdostaCore human capital management tools for employee records, HR workflows, recruiting, and lifecycle management.
Payroll processing, payroll reporting, and tax filing services delivered through the platform.
Benefits enrollment, time and labor, and related workforce administration modules.
Software for managing employee-related and business spend within the broader platform.
Interest earned on funds held for clients in connection with payroll processing.
Tuotteet
Raportoitu · osuus liikevaihdosta- Recurring Fees96,1 %
- Nonrecurring Fees3,9 %
Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
Paylocity sells primarily to U.S. employers, with a client base concentrated in organizations averaging over 150 employees. Its customers span for-profit and non-profit businesses across industries such as business services, financial services, healthcare, manufacturing, restaurants, retail, and technology. The platform is designed for organizations that want to outsource or automate payroll and HR administration while improving employee experience and internal communication.
U.S. companies averaging over 150 employees that buy HCM and payroll software to automate HR and compliance workflows.
Commercial customers across industries that use the platform for payroll, benefits, time tracking, and spend management.
Non-profit clients that need payroll processing, employee administration, and compliance support.
Prospects introduced by brokers, 401(k) advisors, benefits administrators, HR consultants, and accountants.
Strategia
Paylocity’s strategy is to deepen its position as a cloud HCM platform by expanding product breadth, improving the employee experience, and increasing automation across HR and payroll workflows. It also relies on a direct sales force and a broad referral ecosystem to generate new client demand, while continuing to invest in platform capabilities, infrastructure, and integrations that support retention and cross-sell.
More modules increase customer stickiness and raise the value of each client relationship.
The company uses brokers, advisors, and a direct sales force to reach mid-market employers efficiently.
Ongoing product and infrastructure investment supports growth, integrations, and service reliability.
Maantiede
Paylocity’s business is concentrated in the United States, where it serves clients across defined geographic sales territories. The company’s operating model, sales force, and partner ecosystem are built around the U.S. market, and the available disclosure does not indicate meaningful international revenue concentration.
Riskit
Paylocity depends on recurring SaaS demand from employers, so slower hiring, weaker economic conditions, or reduced client spending can affect adoption and retention. The business also faces cybersecurity, third-party integration, and client-funds risks because it processes sensitive payroll and employee data and holds funds on behalf of customers.
- Cybersecurity and data breach exposureVaikutus: KorkeaTodennäköisyys: Kohtalainen
The platform handles sensitive payroll, HR, and employee data and relies on third-party systems.
Kohdistuu - Economic slowdown and employment weaknessVaikutus: KorkeaTodennäköisyys: Kohtalainen
Demand for payroll and HCM software is tied to client hiring levels and workforce activity.
Kohdistuu - Client funds investment and liquidity riskVaikutus: KorkeaTodennäköisyys: Matala
Funds held for clients are invested in marketable securities and deposited in consolidated accounts.
Kohdistuu - Third-party integration and vendor dependencyVaikutus: KeskitasoTodennäköisyys: Matala
The product ecosystem depends on external partners such as benefits, 401(k), and insurance providers.
Kohdistuu - Seasonality in payroll and tax-related activityVaikutus: KeskitasoTodennäköisyys: Matala
W-2 preparation and payroll tax collection create seasonal revenue and gross profit patterns.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätMost revenue comes from monthly payroll and HR services, so contract timing and service delivery matter.
Vaikutus: Affects reported revenue timing and comparability
W-2 preparation and payroll tax collection increase activity in the March quarter.
Vaikutus: Creates quarter-to-quarter swings in revenue and gross profit
This revenue line depends on client fund balances and market interest rates.
Vaikutus: Can materially change total revenue mix
Management uses estimates for revenue, expenses, and asset/liability balances.
Vaikutus: Actual results may differ from reported amounts
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Päivitetty: 24.9.2026