Paylocity Q3 revenue rises 10.5% to $502.3 million; board adds $1 billion buyback
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.
Key points
- 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.
The filing
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 May 07, 2026.
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