Paylocity Holding ( (PCTY) ) has released its Q3 earnings. Here is a breakdown of the information Paylocity Holding presented to its investors.
Paylocity Holding Corporation is a leading provider of cloud-based HR, payroll, and spend management software solutions, known for its modern platform and strong channel performance. In its third quarter of fiscal year 2025, Paylocity reported a total revenue of $454.5 million, marking a 13% increase from the previous year, with recurring and other revenue growing by 15% to $421.1 million. The company also highlighted its commitment to returning capital to shareholders, having repurchased $150 million worth of shares. Key financial metrics showed a GAAP operating income of $127.0 million and a non-GAAP operating income of $172.7 million, both reflecting significant growth from the previous year. The company’s net income also rose to $91.5 million, or $1.61 per share, compared to $85.3 million, or $1.50 per share, in the same quarter of the previous year. Looking ahead, Paylocity expects continued revenue growth, projecting a 14% increase in recurring and other revenue for the full fiscal year 2025. The company remains focused on leveraging its strong referral network and investing in its platform to sustain its growth trajectory.