Quarterly ResultMay 7, 2026, 04:07 PM
Paylocity Q3 Revenue $502.3M, +10.5%; $1.0B Buyback Increase
AI Summary
Paylocity Holding Corporation announced strong financial results for the third quarter of fiscal year 2026, with total revenue increasing 10.5% year-over-year to $502.3 million and recurring revenue growing 11.6% to $469.9 million. The company also completed the acquisition of Grayscale Labs, Inc. in April 2026 to expand its AI-powered recruiting capabilities. Furthermore, the Board of Directors approved a $1.0 billion increase to the share repurchase authorization, bringing the total available authorization to $1.35 billion, following $350 million in repurchases year-to-date.
Key Highlights
- Q3 2026 Total Revenue was $502.3 million, an increase of 10.5% year-over-year.
- Q3 2026 Recurring & other revenue was $469.9 million, up 11.6% year-over-year.
- Board approved a $1.0 billion increase to share repurchase authorization, totaling $1.35 billion available.
- Paylocity repurchased $50 million (440,000 shares) in Q3 2026.
- GAAP Net Income was $111.3 million ($2.05 per share) in Q3 2026, up from $91.5 million ($1.61 per share) in Q3 2025.
- Adjusted EBITDA was $220.2 million in Q3 2026, compared to $197.1 million in Q3 2025.
- Trailing twelve months net cash provided by operating activities margin was 29.4%.
- Fiscal Year 2026 Total Revenue guidance is $1.755 billion to $1.760 billion, representing approximately 10% growth.