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Paylocity Overview
About Paylocity
Founded in 1997, Paylocity is a cloud-based human capital management and payroll platform servicing midmarket customers. The company’s average client size is around 150 employees. Its products help with recruiting and onboarding, payroll, time and labor, human resources, benefits, learning, and performance and compensation workflows. In fiscal 2025, the company generated over $1.5 billion in revenue across more than 41,000 customers.
Founded
2013
HQ
Employees
6.7K
Website
Financials (LTM)
EV
$5B
Paylocity Financials
Paylocity reported last 12-month revenue of $2B and EBITDA of $618M.
In the same LTM period, Paylocity generated $1B in gross profit, $618M in EBITDA, and $424M in net income.
Revenue (LTM)
Paylocity P&L
In the most recent fiscal year, Paylocity reported revenue of $2B and EBITDA of $583M.
Paylocity expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 73% | XXX | 69% | XXX | XXX | XXX |
| EBITDA | $618M | XXX | $583M | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 37% | XXX | XXX | XXX |
| EBIT Margin | 30% | XXX | 31% | XXX | XXX | XXX |
| Net Profit | $424M | XXX | $406M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 25% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Paylocity Stock Performance
Paylocity has current market cap of $5B, and enterprise value of $5B.
Market Cap Evolution
Paylocity's stock price is $100.81.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | 0.0% | XXX | XXX | XXX | $7.53 |
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Start Free TrialPaylocity Valuation Multiples
Paylocity trades at 3.2x EV/Revenue multiple, and 8.7x EV/EBITDA.
EV / Revenue (LTM)
Paylocity Financial Valuation Multiples
As of April 20, 2026, Paylocity has market cap of $5B and EV of $5B.
Equity research analysts estimate Paylocity's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Paylocity has a P/E ratio of 12.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 8.7x | XXX | 9.3x | XXX | XXX | XXX |
| EV/EBIT | 10.4x | XXX | 11.1x | XXX | XXX | XXX |
| EV/Gross Profit | 4.3x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 12.8x | XXX | 13.4x | XXX | XXX | XXX |
| EV/FCF | 13.0x | XXX | 15.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
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Paylocity Margins & Growth Rates
Paylocity's revenue in the last 12 month grew by 8%.
Paylocity's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Paylocity's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Paylocity's rule of X is 57% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Paylocity Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 57% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 22% | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 10% | XXX | 13% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 14% | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | 44% | XXX | 50% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Paylocity Public Comps
See public comps and valuation multiples for other Human Capital Management Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Paylocity | XXX | XXX | XXX | XXX | XXX | XXX |
| Paycom | XXX | XXX | XXX | XXX | XXX | XXX |
| TOTVS | XXX | XXX | XXX | XXX | XXX | XXX |
| Workiva | XXX | XXX | XXX | XXX | XXX | XXX |
| Hilan | XXX | XXX | XXX | XXX | XXX | XXX |
| ATOSS Software | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Paylocity M&A Activity
Paylocity acquired XXX companies to date.
Last acquisition by Paylocity was on XXXXXXXX, XXXXX. Paylocity acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Paylocity
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPaylocity Investment Activity
Paylocity invested in XXX companies to date.
Paylocity made its latest investment on XXXXXXXX, XXXXX. Paylocity invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Paylocity
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Paylocity
| When was Paylocity founded? | Paylocity was founded in 2013. |
| Where is Paylocity headquartered? | Paylocity is headquartered in United States. |
| How many employees does Paylocity have? | As of today, Paylocity has over 6K employees. |
| Who is the CEO of Paylocity? | Paylocity's CEO is Toby J. Williams. |
| Is Paylocity publicly listed? | Yes, Paylocity is a public company listed on Nasdaq. |
| What is the stock symbol of Paylocity? | Paylocity trades under PCTY ticker. |
| When did Paylocity go public? | Paylocity went public in 2014. |
| Who are competitors of Paylocity? | Paylocity main competitors are Paycom, TOTVS, Workiva, Hilan. |
| What is the current market cap of Paylocity? | Paylocity's current market cap is $5B. |
| What is the current revenue of Paylocity? | Paylocity's last 12 months revenue is $2B. |
| What is the current revenue growth of Paylocity? | Paylocity revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Paylocity? | Current revenue multiple of Paylocity is 3.2x. |
| Is Paylocity profitable? | Yes, Paylocity is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Paylocity? | Paylocity's last 12 months EBITDA is $618M. |
| What is Paylocity's EBITDA margin? | Paylocity's last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of Paylocity? | Current EBITDA multiple of Paylocity is 8.7x. |
| What is the current FCF of Paylocity? | Paylocity's last 12 months FCF is $416M. |
| What is Paylocity's FCF margin? | Paylocity's last 12 months FCF margin is 24%. |
| What is the current EV/FCF multiple of Paylocity? | Current FCF multiple of Paylocity is 13.0x. |
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