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AI brief of an SEC Form 8-K · Paylocity (PCTY)

Paylocity Q1 revenue rises 12% to $408.2 million; GAAP net income dips to $48.0 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyPaylocity (PCTY)
Form8-K, current report
Filed with the SECNov 4, 2025, 4:09 PM ET
Accession number0001591698-25-000112

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.