Paylocity Holding Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting results for its fiscal first quarter of 2027 on November 6, 2026.

Key Highlights

  • Total revenues of $451.7 million for the three months ended September 30, 2026, up from $408.2 million in the same period a year earlier, according to the filing.
  • Net income of $57.6 million for the quarter, compared with $48.0 million for the three months ended September 30, 2025.
  • Diluted earnings per share of $1.07 for the quarter, versus $0.86 in the prior-year period.
  • Share repurchases totaling $153.8 million during the quarter, reducing shares outstanding from 53,271 thousand to 52,307 thousand.
  • Long-term debt increased to $131.3 million at September 30, 2026, from $81.3 million at June 30, 2026.
  • 51,963,311 shares of common stock outstanding as of October 30, 2026, per the filing cover page.

Paylocity's September 2026 Quarter: Revenue, Earnings, and Capital Activity

According to the filing, Paylocity Holding Corporation (NASDAQ:PCTY) reported total revenues of $451,669 thousand for the three months ended September 30, 2026. Recurring and other revenue accounted for $424,470 thousand of that total, while interest income on funds held for clients contributed $27,199 thousand. Cost of revenues was $147,568 thousand, yielding a gross profit of $304,101 thousand for the period.

The company disclosed operating income of $82,206 thousand for the quarter, compared with $74,211 thousand in the three months ended September 30, 2025. Income before income taxes was $82,584 thousand, and income tax expense was $24,942 thousand, resulting in net income of $57,642 thousand. The filing reported basic net income per share of $1.09 and diluted net income per share of $1.07, based on weighted-average diluted shares of 53,721 thousand.

The consolidated balance sheet as of September 30, 2026 showed total assets of $4,545,635 thousand, down from $4,884,358 thousand at June 30, 2026, largely reflecting a decrease in funds held for clients from $3,210,504 thousand to $2,888,615 thousand. Total stockholders' equity was $1,149,584 thousand at September 30, 2026. During the quarter, the company repurchased 1,100 thousand shares at a total cost of $153,821 thousand and recorded stock-based compensation of $47,429 thousand. Net cash provided by operating activities was $79,690 thousand for the three months ended September 30, 2026.

What Was Disclosed

Paylocity's Form 10-Q for the quarter ended September 30, 2026 disclosed quarterly revenues of $451.7 million, net income of $57.6 million, diluted EPS of $1.07, share repurchases of $153.8 million, and total assets of $4.55 billion as of the period end.