Paylocity Holding Corporation (PCTY) Earnings
Paylocity Holding Corporation is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $1.61. PCTY has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +16.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $2.43 | $2.89 | +18.9% | $502M | +2.5% |
| Feb 5, 2026 | $1.57 | $1.85 | +17.8% | $416M | -14.0% |
| Nov 4, 2025 | $1.57 | $1.75 | +11.5% | $408M | +1.9% |
| May 1, 2025 | $2.09 | $2.43 | +16.3% | $455M | +2.9% |
| Feb 6, 2025 | $1.42 | $1.52 | +7.0% | $377M | +2.8% |
| Aug 1, 2024 | $1.27 | $1.48 | +16.5% | $357M | +2.0% |
| May 2, 2024 | $1.94 | $2.21 | +13.9% | $401M | +1.0% |
| Feb 8, 2024 | $1.21 | $1.49 | +23.1% | $326M | +0.5% |
| Nov 2, 2023 | $1.09 | $1.40 | +28.4% | $318M | +0.3% |
| Aug 3, 2023 | $1.08 | $1.32 | +22.2% | $308M | +2.3% |
| May 4, 2023 | $1.50 | $1.74 | +16.0% | $340M | +2.0% |
| Feb 2, 2023 | $0.70 | $1.12 | +60.0% | $273M | +5.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Invested in R&D and broader automation efforts throughout the year, with bias to invest back into business elements while increasing profitability. • Excited about Grayscale acquisition, planning to integrate and launch it in ~12 months, leveraging its AI capabilities for candidate engagement. • AI strategy is to embed AI across suite in everyday processes for ROI, saving time, providing insights. • Capital allocation policy continues with stock buybacks, funding acquisitions for growth. • Managed service offerings are extension of platform for higher-level service, TAM expansion opportunity, no significant margin headwinds expected. • M&A focus on accelerating existing direction, AI critical for product tuck-ins.
Guidance
• Fourth quarter recurring guidance 9% to 10% growth, used as data point for next fiscal year with prudence. • Capital allocation strategy to continue stock buybacks, fund acquisitions, maintain dry powder for M&A.
Segment performance
No specific product segment financial performance details with absolute terms and revenue contribution % provided in the transcript.
Risks & headwinds
No discussion of risk and operational failures in the transcript.
Analyst Q&A
Q: On Grayscale targeting and how it converts to core customer demographic,
A: Customers with larger hourly or salary populations in hiring mode, many fit average target market of 150 employees. •
Q: How acquisition boosts AI strategy outside acquired tech,
A: AI strategy to embed across suite, Grayscale is example of automating candidate interaction and providing intelligence, monetization opportunity. •
Q: Recurring growth and fiscal 27 guidance,
A: Fourth quarter 9%-10% recurring growth as data point, guidance philosophy with prudence, client workforce levels resilient. •
Q: Capital allocation and buybacks,
A: $350 million buybacks in first nine months, $650 million in two years, continue strategy with flexibility. •
Q: Managed service offerings revenue opportunity and margin,
A: Extension of platform for higher service, TAM expansion, no significant margin headwinds. •
Q: Grayscale acquisition impact on margin and revenue,
A: Immaterial on revenue and EBITDA. •
Q: Macro backdrop and employment in FQ4,
A: Employment stable, embedded in guidance. •
Q: Winning deals and customer retention,
A: Strong execution, sales and go-to-market, broker channel performance, product innovation. •
Q: M&A focus and AI in deals,
A: M&A to accelerate existing direction, AI critical for product tuck-ins. •
Q: Elevate solutions market fit and margin impact,
A: Targets core market, no margin headwinds, TAM expansion. •
Q: Pricing model change and customer feedback,
A: No big change in market, consistent pricing conversations. •
Q: Grayscale market competitiveness and secret sauce,
A: Recruiting category strength, AI investment and advanced capabilities for differentiation. •
Q: 4Q recurring guidance and workforce levels,
A: Assumptions of stable workforce levels. •
Q: Sales enablement for expanded platform,
A: Developed playbook, two-tier model for product launch. •
Q: Headcount trajectory,
A: Planning ongoing, focus on growth and efficiency. •
Q: Adoption and cross-sell of new products,
A: Pleased with traction, value prop resonating. •
Q: Margin leverage and automation,
A: Active in leveraging AI and automation, seen in financial metrics. •
Q: Paylocity Elevate solutions impetus and AI,
A: Driven by customer demand, AI helps with complex processes, win-win. •
Q: Recurring revenue acceleration drivers,
A: Go-to-market team performance, services team driving satisfaction. •
Q: Broker channel contribution and change,
A: Broker channel part of success, momentum seen in last 18 months.