Quarterly ResultMay 7, 2026, 04:20 PM
Paylocity Boosts Share Buyback by $1B; Q3 Revenue Up 10.5% to $502.3M
AI Summary
Paylocity Holding Corporation announced a significant increase of $1 billion to its share repurchase program, bringing the total authorization to $1.35 billion. This was disclosed alongside solid third-quarter fiscal year 2026 financial results, with total revenue growing 10.5% year-over-year to $502.3 million and recurring & other revenue increasing 11.6% to $469.9 million. The company also reported GAAP net income of $111.3 million and diluted EPS of $2.05, and raised its full fiscal year 2026 revenue and profitability guidance.
Key Highlights
- Board approved a $1 billion increase to the share repurchase program, totaling $1.35 billion available.
- Q3 2026 Total Revenue increased 10.5% year-over-year to $502.3 million.
- Q3 2026 Recurring & Other Revenue grew 11.6% year-over-year to $469.9 million.
- Q3 2026 GAAP Net Income was $111.3 million, with diluted EPS of $2.05.
- Q3 2026 Adjusted EBITDA reached $220.2 million, up from $197.1 million in Q3 2025.
- Acquired Grayscale Labs, Inc. in April 2026 to expand AI-powered recruiting capabilities.
- Fiscal Year 2026 Total Revenue guidance raised to $1.755 billion - $1.760 billion.
- Fiscal Year 2026 Adjusted EBITDA guidance raised to $638.0 million - $642.0 million.
Price Impact
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