Paylocity 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