Paylocity FY26 Revenue Reaches $1.77B, FY27 Guidance Set at $1.88B–$1.92B; Chairman Adopts 10b5-1 Plan
PCTY sits 56% above its 52-week low of $92.99 on light trading volume (0.2× avg).
Summary
Paylocity's 10-K reports FY26 revenue of $1.77B (+11% YoY) and net income of $269.7M. FY27 guidance calls for $1.88B–$1.92B in revenue. Executive Chairman Steven Beauchamp adopted a 10b5-1 plan to sell up to 160,000 shares. The board increased the buyback authorization by $1B.
Key Events · Earnings and Guidance · PCTY
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FY26 Revenue Hits $1.77B
Total revenue grew 11% to $1.77 billion, with recurring and other revenue up 12% to $1.65 billion. Net income was $269.7 million, or $4.92 per diluted share.
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FY27 Guidance Issued
Management guided fiscal 2027 revenue to $1.88–$1.92 billion (6–8% growth) and adjusted EBITDA to $655–$675 million. The guidance reflects continued growth but at a moderating pace.
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Chairman Adopts 10b5-1 Selling Plan
Executive Chairman Steven R. Beauchamp adopted a Rule 10b5-1 trading plan on May 15, 2026, to sell up to 160,000 shares between August 14, 2026 and January 31, 2027. The plan includes 100,000 shares held directly and 60,000 shares held by a family trust.
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Buyback Authorization Increased by $1B
The board approved a $1 billion increase to the share repurchase program in April 2026, bringing the total authorization to $2 billion. As of June 30, 2026, $1.3 billion remained available for future repurchases.
Analysis · PCTY · Technology
A strong fiscal 2026 saw Paylocity grow revenue 11% to $1.77 billion and deliver net income of $269.7 million. Looking ahead, the company guided fiscal 2027 revenue to $1.88–$1.92 billion, implying 6–8% growth, with adjusted EBITDA of $655–$675 million. In a move that could pressure the stock, Executive Chairman Steven Beauchamp adopted a 10b5-1 trading plan to sell up to 160,000 shares starting August 14, 2026. Partially offsetting that, the board boosted the buyback authorization by $1 billion, leaving $1.3 billion available. The product suite also expanded with the $50.2 million acquisition of AI recruiting platform Grayscale Labs. Additionally, a non-cash tailwind from a change in accounting estimate for deferred contract costs is expected to lift FY27 adjusted EBITDA margins by 120–140 basis points.
At the time of this filing, PCTY was trading at $145.05 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.8B. The 52-week trading range was $92.99 to $197.78. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.