Paylocity Holding Corporation: Business Overview, Financials & Competitive Analysis
Paylocity Holding Corporation scores 8/10 on the AskCyborg Cyborg Score (Strong). Strong mid-market HCM platform with consistent double-digit recurring revenue growth, healthy margins, and strategic positioning in underserved market segment. Paylocity reported total revenue reaching $416.1 million in Q2 FY2026 with a 10% increase, and recurring revenue grew by 11% to $387 million. The company maintains a gross margin of.
What is Paylocity Holding Corporation's industry? Paylocity Holding Corporation (paylocity.com) operates in Human Capital Management (HCM) & Payroll Software. AskCyborg classifies Paylocity Holding Corporation under Human Capital Management (HCM) & Payroll Software in its company registry.
Paylocity is a provider of cloud-based payroll, spend management, and human capital management (HCM) software. The company delivers a unified platform for professionals to make strategic decisions in benefits, core HR...
Cyborg Score thesis
Strong mid-market HCM platform with consistent double-digit recurring revenue growth, healthy margins, and strategic positioning...
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Get Current Report FreePaylocity Holding Corporation Overview
Pro stress-test →Paylocity is a provider of cloud-based payroll, spend management, and human capital management (HCM) software. The company delivers a unified platform for professionals to make strategic decisions in benefits, core HR, payroll, talent, and workforce management while cultivating a modern workplace and improving employee engagement. The platform addresses critical workforce management needs across the mid-market segment.
Strategic Profile
Pro stress-test →The company owns the US mid-market rather than chasing the global enterprise market like some competitors. By unifying HR and finance data, they increase average revenue per client, which reached just over $35,300 in fiscal year 2025, up approximately 8% from the prior year. Recurring revenue hit $1,471.8 million in fiscal year 2025, up 15% year-over-year.
Competitive Landscape
Pro stress-test →Key competitors include ADP (global leader in payroll/HR), Paychex (targeting small/medium businesses), Workday (enterprise-level HCM), and Gusto (fast-growing startup for small businesses). Paylocity differentiates through superior mid-market focus and integrated employee experience design.
Industry Context
Paylocity Holding Corporation operates in Human Capital Management (HCM) & Payroll Software.
Key facts
Founded: 1997 · Headquarters: Schaumburg, Illinois · Employees: 6700 · Revenue: $1.6B · Market cap: $8.5B