Paylocity
Financial Performance
Paylocity Revenue & Financials
Revenue
$1.4B (FYFY 2024)
Market Cap
$9.8B
Net Income
$210M
Employees
6,000
What is Paylocity's revenue?
Paylocity had $1.4B in revenue for fiscal year FY 2024. Net income was $210M.
- Latest revenue
- $1.4B (FYFY 2024)
- Peak revenue
- $1.4B (FYFY 2024)
- Years of data
- 10
- Employees
- 6,000
- How many employees does Paylocity have?
- Paylocity has about 6,000 employees.
Financial Analysis
In fiscal year 2024, Paylocity reported consolidated revenue of $1.40 billion and GAAP net income of $210 million, reflecting strong SaaS adoption, high gross margins, and disciplined operating leverage.
Revenue Trend Analysis
Peak Year
FY 2024
Trend
Not enough comparable years
Paylocity has 10 full fiscal year figures on this page. Annual revenue peaked in fiscal year FY 2024 at $1.4B. There are not enough consecutive, comparable fiscal years to measure a trend.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FYFY 2024 | $1.4B | $210M | — |
| FYFY 2023 | $1.2B | $155M | — |
| FYFY 2022 | $967M | $110M | — |
| FYFY 2021 | $774M | $85M | — |
| FYFY 2020 | $677M | $62M | — |
| FYFY 2019 | $564M | $51M | — |
| FYFY 2018 | $453M | $38M | — |
| FYFY 2017 | $359M | $24M | — |
| FYFY 2016 | $280M | $16M | — |
| FYFY 2015 | $214M | $10M | — |
Click any row to see year details.
Keep researching Paylocity
Paylocity Revenue and Financial FAQ
What makes Paylocity's cloud HCM and payroll platform unique in the modern enterprise software market?
Paylocity distinguishes itself by combining core payroll and HR administration with an intuitive, consumer-grade mobile-first user experience, the built-in Community social collaboration hub, and advanced spend management capabilities acquired via Airbase, ensuring high employee engagement and streamlined enterprise back-office workflows.
How does Paylocity generate its recurring revenue and maintain strong financial growth?
Paylocity generates revenue primarily through SaaS subscription fees based on employee headcount, ancillary module adoption (such as talent acquisition, time and attendance, and spend management), and interest income earned on client funds held prior to tax and payroll disbursement, supporting sustained multi-year revenue expansion.
What role did Steve Sarowitz play in the founding and scaling of Paylocity?
Steve Sarowitz founded Paylocity in 1997 in Schaumburg, Illinois, serving as CEO until 2017 and establishing a culture centered on exceptional customer service, dedicated support pods, and continuous technological innovation that propelled the company into a publicly traded S&P mid-cap leader.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Paylocity Revenue & Financials." CorpDigest, https://corpdigest.com/company/paylocity/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Paylocity reported $1.4B in revenue (FYFY 2024).</strong><br>Source: <a href="https://corpdigest.com/company/paylocity/financials" target="_blank" rel="noopener">CorpDigest — Paylocity financials</a></div>Related Financial Audits
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