Every material Form 8-K Paylocity has filed with the SEC since August 01, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Paylocity Holding Corporation announced its financial results for the first quarter of fiscal 2027 ended September 30, 2026, reporting total revenue of $451.7 million, an increase of 10.7% year-over-year. The company also completed the acquisition of Aidora Inc. in July 2026 and raised its fiscal 2027 guidance across revenue and profitability.
Recurring and other revenue for Q1 fiscal 2027 reached $424.5 million, up 12.0% year-over-year.
GAAP net income for Q1 fiscal 2027 was $57.6 million, or $1.07 per diluted share.
Repurchased $152.5 million or 1.1 million shares during Q1 fiscal 2027.
Full fiscal 2027 total revenue is expected to be between $1.910 billion and $1.925 billion.
Paylocity entered into an amended and restated $1.75 billion senior secured revolving credit facility with PNC Bank, National Association, as administrative agent, replacing its 2019 credit agreement as amended in 2022 and 2024. As of the effective date, $81.25 million was outstanding, and the facility matures on September 17, 2031.
$1.75 billion senior secured revolving facility, maturing September 17, 2031
$81.25 million outstanding under the facility as of September 17, 2026
Company may request up to $875.0 million in increased commitments; lenders are not obligated to provide them
Covenants require a maximum net total leverage ratio of 4.00 to 1.00 and a minimum interest coverage ratio of 2.00 to 1.00
Paylocity director Craig Conway told the board on August 20, 2026 that he will not stand for re-election at the company's 2027 annual meeting. He will remain on the board through the end of his current term. The filing says the decision did not stem from any disagreement with the company over its operations, policies or practices.
Conway notified the board on August 20, 2026 of his decision.
The 2027 annual meeting of stockholders is expected to be held on December 3, 2026.
Conway will continue to serve through the remainder of his current term.
The filing states the decision was not due to any disagreement with the company.
Paylocity reported fourth-quarter and fiscal 2026 results for the period ended June 30, 2026. Fiscal 2026 total revenue rose 11.0% to $1.771 billion, and GAAP diluted earnings per share rose 22.4% to $4.92 from $4.02. The company also guided fiscal 2027 total revenue to $1.880 billion to $1.895 billion, about 7% growth.
Q4 fiscal 2026 total revenue was $444.7 million, up 11.0%; GAAP net income was $60.3 million, or $1.12 per diluted share, versus $0.86 a year earlier
Fiscal 2026 GAAP net income was $269.7 million, up from $227.1 million; the company repurchased $398.1 million of common stock during the year
Fiscal 2027 guidance: total revenue of $1.880 billion to $1.895 billion and Adjusted EBITDA of $690.0 million to $700.0 million
Paylocity reported third-quarter fiscal 2026 results for the period ended March 31, 2026, with total revenue up 10.5% and GAAP net income up to $111.3 million from $91.5 million a year earlier. The board also approved a $1.0 billion increase to the share repurchase authorization, leaving $1.35 billion available as of May 7, 2026, which gives the company more room to buy back its own stock.
Q3 fiscal 2026 total revenue was $502.3 million, up 10.5% year over year; recurring and other revenue was $469.9 million, up 11.6%.
GAAP net income was $111.3 million, or $2.05 per diluted share, compared with $1.61 per diluted share a year earlier.
Fiscal 2026 total revenue guidance is $1.755 billion to $1.760 billion, and the CEO said the company increased its revenue and profitability guidance.
The board approved a $1.0 billion increase to the repurchase program, and the company had repurchased $350 million, or 2.3 million shares, in the first nine months of fiscal 2026.
Paylocity reported fiscal second-quarter 2026 results for the period ended December 31, 2025, with total revenue of $416.1 million, up 10.4%, and GAAP net income of $50.2 million, or $0.92 per diluted share, compared with $37.5 million, or $0.66, a year earlier. The press release says the company increased its revenue and profitability guidance for fiscal 2026, which now calls for total revenue of $1.732 billion to $1.742 billion.
Q2 total revenue was $416.1 million, up 10.4% from the prior-year quarter; recurring and other revenue was $387.0 million, up 11.3%.
GAAP net income was $50.2 million, or $0.92 per diluted share, versus $37.5 million, or $0.66, in the prior-year quarter.
Fiscal 2026 total revenue guidance is $1.732 billion to $1.742 billion; third-quarter total revenue guidance is $487.0 million to $492.0 million.
The company repurchased $100 million, or 690,000 shares, of common stock in the second quarter.
At its annual meeting on December 4, 2025, Paylocity stockholders elected all ten director nominees and approved an amended 2023 Equity Incentive Plan that adds 444,000 shares authorized for issuance. Stockholders also ratified KPMG LLP as the independent auditor for fiscal 2026 and approved executive compensation on an advisory basis. These are routine annual-meeting votes, but the plan change increases the shares available for equity awards and removes certain share recycling provisions.
Equity plan: 444,000 more shares authorized; 42,518,831 votes for, 1,703,482 against, 89,999 abstentions
Say-on-pay: 41,242,588 votes for and 2,979,270 against the named executive officer compensation
Directors: all ten nominees elected; Kenneth B. Robinson had the most votes withheld at 4,081,664
Auditor: KPMG LLP ratified for fiscal year ending June 30, 2026 with 47,810,256 votes for
Paylocity reported fiscal first-quarter 2026 results for the three months ended September 30, 2025, with total revenue up 12% year over year, while GAAP net income and GAAP diluted EPS edged lower. The company also raised its long-term Adjusted EBITDA and free cash flow margin targets, issued fiscal 2026 revenue guidance of $1.715 billion to $1.730 billion, and repurchased $200 million of stock in the quarter.
Total revenue was $408.2 million, up 12%; recurring and other revenue was $378.9 million, up 14%.
GAAP net income was $48.0 million, or $0.86 per diluted share, versus $49.6 million, or $0.88, a year earlier; non-GAAP net income per share was $1.75 versus $1.66.
Adjusted EBITDA was $146.4 million versus $129.0 million a year earlier; net cash provided by operations was $86.5 million versus $91.5 million.
Fiscal 2026 total revenue is expected at $1.715 billion to $1.730 billion; the company repurchased 1.2 million shares for $200 million in the quarter.
Paylocity reported fiscal 2025 total revenue of $1,595.2 million, up 14%, and GAAP net income of $227.1 million, up 10%, with diluted EPS of $4.02 versus $3.63. Its board also raised the share repurchase authorization by $500 million, on top of $200 million remaining as of June 30, 2025, and the company gave fiscal 2026 total revenue guidance of $1.707 billion to $1.722 billion.
Fiscal 2025 GAAP net income of $227.1 million, or $4.02 per diluted share, versus $206.8 million, or $3.63, in fiscal 2024
Fourth-quarter total revenue of $400.7 million, up 12%; fourth-quarter GAAP net income of $48.6 million, versus $48.8 million a year earlier
Fiscal 2026 total revenue guidance of $1.707 billion to $1.722 billion, about 8% growth over fiscal 2025
Repurchase authorization increased by $500 million, adding to $200 million remaining as of June 30, 2025
Paylocity reported results for the third quarter of fiscal 2025, ended March 31, 2025. Total revenue rose 13% to $454.5 million and GAAP net income reached $91.5 million, or $1.61 per diluted share, compared with $1.50 a year earlier. The company said it raised its fiscal 2025 revenue and profitability guidance.
Total revenue was $454.5 million, up 13% from $401.3 million in the third quarter of fiscal 2024; recurring and other revenue was $421.1 million, up 15%.
GAAP net income was $91.5 million, or $1.61 per diluted share, versus $85.3 million, or $1.50 per diluted share, a year earlier.
Fiscal 2025 total revenue is now expected to be $1.580 billion to $1.585 billion, and adjusted EBITDA $571.0 million to $575.0 million.
The company repurchased $150 million, or approximately 800,000 shares, through April 2025.
Paylocity reported second-quarter fiscal 2025 results for the three months ended December 31, 2024, with total revenue of $377.0 million, up 16% from a year earlier. GAAP net income was $37.5 million, or $0.66 per diluted share, down from $38.1 million, or $0.67, a year earlier, and the company said it increased its revenue and profitability guidance for fiscal 2025.
Total revenue was $377.0 million, up 16%; recurring and other revenue was $347.7 million, up 17%.
GAAP net income was $37.5 million, or $0.66 per diluted share, versus $38.1 million, or $0.67, a year earlier.
Fiscal 2025 total revenue is now expected at $1.558 billion to $1.568 billion; adjusted EBITDA at $542.0 million to $550.0 million.
Long-term debt of $325.0 million reflects borrowings to fund the Airbase acquisition on October 1, 2024.
Paylocity reported fiscal first-quarter 2025 results for the three months ended September 30, 2024, with total revenue up 14% and GAAP net income up to $49.6 million, or $0.88 per diluted share, from $34.5 million, or $0.61, a year earlier. The company also issued fiscal 2025 guidance, expecting total revenue of $1.535 billion to $1.550 billion, and said it completed its Airbase acquisition on October 1, 2024, funded in part by $325.0 million borrowed under its credit facility.
Total revenue was $363.0 million, up 14% from the prior-year quarter; recurring and other revenue was $333.1 million, also up 14%.
GAAP operating income rose to $64.1 million from $41.2 million; non-GAAP operating income was $104.9 million.
Fiscal 2025 guidance: total revenue of $1.535 billion to $1.550 billion, about 10% growth; Adjusted EBITDA of $530.0 million to $540.0 million.
Long-term debt was $325.0 million at quarter end, borrowed to fund the Airbase acquisition.
Paylocity director Jeffrey T. Diehl told the board on October 7, 2024, that he will not stand for reelection at the company's 2025 annual meeting. He will serve through the rest of his current term, and the company said his decision did not stem from any disagreement over operations, policies or practices.
Jeffrey T. Diehl notified the board on October 7, 2024, of his decision not to seek reelection.
Diehl will continue to serve through the remainder of his current term.
The company said the decision involved no disagreement on operations, policies or practices.
Diehl, Managing Partner & Head of Investments at Adams Street Partners, joined the board in 2008 with Adams Street's investment in the company and served 16 years.
Paylocity said its Chief Technology Officer, Rachit Lohani, notified the company on September 11, 2024, that he will leave. He will remain as a Senior Vice President until December 2, 2024, and the company has started searching for a successor, so shareholders will see a technology leadership change in the coming months.
Rachit Lohani, Senior Vice President and Chief Technology Officer, notified Paylocity of his decision to depart on September 11, 2024.
Lohani will remain with the company as a Senior Vice President until December 2, 2024.
Paylocity said it will immediately begin a search for a successor; no successor is named in the filing.
Paylocity agreed on August 29, 2024 to acquire Airbase Inc., a spend management software provider, for about $325 million in cash through a merger, and announced the deal on September 4, 2024. The company expects the deal to be funded by revolving credit facility borrowings and to dilute adjusted EBITDA margin by about 100 basis points in fiscal 2025, which matters to shareholders because it adds debt-funded spending and lower near-term margins while expanding the company's product range.
Purchase price of approximately $325 million in cash, subject to customary adjustments, funded by revolving credit facility borrowings
Expected to represent about 1% of total revenue in fiscal 2025 and dilute adjusted EBITDA margin by about 100 basis points in fiscal 2025
Paylocity had $401.8 million of cash and cash equivalents as of June 30, 2024, and has $350 million remaining under its share repurchase authorization
Closing expected in the first or second quarter of fiscal 2025, subject to Hart-Scott-Rodino waiting period expiration and Airbase stockholder approval
Paylocity reported fiscal 2024 results for the year ended June 30, 2024, with total revenue of $1,402.5 million, up 19%, and GAAP net income of $206.8 million, up 47%. It also issued fiscal 2025 total revenue guidance of $1.512 billion to $1.527 billion, about 8.3% growth, and announced that co-CEO Steven Beauchamp will become Executive Chairman on August 5, 2024, leaving Toby Williams as sole CEO.
Q4 fiscal 2024 total revenue was $357.3 million, up 16% year over year, with GAAP net income of $48.8 million, or $0.86 per diluted share, versus $0.66 a year earlier.
Fiscal 2024 GAAP diluted EPS was $3.63, up from $2.49 in fiscal 2023.
Fiscal 2025 total revenue is guided to $1.512 billion to $1.527 billion, about 8.3% growth over fiscal 2024.
Beauchamp's base salary will be $322,903 as Executive Chairman, a 40% decrease, effective August 5, 2024; Steve Sarowitz steps down as Chairman but remains a director.
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