EarningsQ4 2026 Earnings Report
MX:PCTY Q4 2026 EPS Results
Actual EPS$33.81
Consensus EPS$29.71
Beat/MissBeat by +$4.10
One Year Ago EPS$28.66
MX:PCTY Q4 2026 Revenue Results
Actual Revenue$8.17B
Expected Revenue$7.93B
Beat/MissBeat by +$243.90M
YoY Revenue Growth+10.98%
Earnings Announcement Details
QuarterQ4 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:PCTY Upcoming Earnings
Paylocity's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:PCTY Q4 2026 Earnings Call
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Q4 2026 Earnings Slide Deck
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a solid set of operating and financial results: double-digit recurring revenue growth, expanding ARPU and client counts, meaningful adjusted EBITDA and free cash flow expansion, successful product launches, and accelerating AI adoption. Management provided constructive FY27 guidance while acknowledging conservative assumptions, near-term margin pressure from recent subscale acquisitions and required investments, and sensitivity to interest-rate-driven interest income. On balance, the company demonstrates strong execution and healthy momentum, with manageable near-term headwinds tied to integration and macro assumptions.Company Guidance
Strong Recurring and Total Revenue Growth
Q4 recurring revenue of $415.6M, up 12.4% year-over-year; Q4 total revenue up 11% YoY. Fiscal '26 recurring revenue grew 12.2% and total revenue grew 11% to roughly $1.8B.
Improving Average Revenue per Client and Client Growth
Average revenue per client ~ $37,200 in fiscal '26 vs $35,300 in fiscal '25 (increase >5%). Client count grew to ~44,400, ~7% growth year-over-year.
Margin and Profitability Expansion
Q4 adjusted EBITDA $145.5M (32.7% margin), beating guidance by $12.9M. Fiscal '26 adjusted EBITDA $654.9M (37% margin), up 12.3% in dollars and delivering operating leverage versus prior year.
Material Free Cash Flow Improvement
Fiscal '26 free cash flow margin of 24.2%, representing a 24.8% dollar increase year-over-year; excluding interest income on client funds, free cash flow expanded ~40% with margin expansion of ~370 basis points.
Product and AI Innovation Momentum
Launched Paylocity Ignite AI and Ignite AI Hub; AI interactions nearly doubled quarter-over-quarter. New offerings and integrations include Elevate Solutions, Paylocity Retirement, and integrations of Grayscale and Aidora to expand AI-native capabilities in recruiting and leave-of-absence automation.
High Retention and Channel Strength
Revenue retention remained above 92% in fiscal '26. Broker channel drove >25% of new business in fiscal '26, supporting efficient new client acquisition.
Disciplined Capital Allocation
Repurchased ~2.8M shares for $398.1M in fiscal '26 (diluted share count down 3.1%). Q4 repurchases ~466k shares for $48.1M; ~$1.3B remaining repurchase authorization and $271.9M corporate cash on hand.
Clear Fiscal '27 Guidance
Q1 FY27 recurring & other revenue guide $414M–$419M (~10% YoY growth). FY27 recurring & other revenue guide $1.777B–$1.792B (~8% YoY); total revenue guide $1.880B–$1.895B (~7% YoY). Adjusted EBITDA guide $690M–$700M.
MX:PCTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed