---
schema_version: "secwatch.filing_event.v1"
accession: "0001591698-23-000061"
form_type: "8-K"
ticker: "PCTY"
cik: "0001591698"
company_name: "Paylocity Holding Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:00:04.338853+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Paylocity Q3 FY2023 recurring revenue up 28% to $314.2M; GAAP EPS $1.02

## Summary
- Q3 FY2023 recurring & other revenue $314.2M, up 28% YoY; total revenue $339.9M, up 38%.
- GAAP net income $57.6M ($1.02 diluted EPS); Non-GAAP operating income $116.7M.
- Adjusted EBITDA $130.7M; cash flow from operations $206.1M for first nine months.
- No long-term debt; cash and equivalents $233.7M as of March 31, 2023.
- Launched AI Assist, HCM industry's first generative AI integration with OpenAI.

## SEC filing metadata
- accession: 0001591698-23-000061
- form_type: 8-K
- ticker: PCTY
- cik: 0001591698
- company_name: Paylocity Holding Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000061/0001591698-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000061/pcty-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001591698-23-000061
- JSON: https://secwatch.observer/filing/0001591698-23-000061.json
- Plain text: https://secwatch.observer/filing/0001591698-23-000061.txt

## Key facts
- Earnings Releases
  Paylocity Holding Corp reported the three month period ended March 31, 2023 results: revenue Total revenue was $339.9 million, net income GAAP net income was $57.6 million or $1.02 per share, EPS $1.02 per share.
  - Period: the three month period ended March 31, 2023
  - Revenue: Total revenue was $339.9 million
  - Net income: GAAP net income was $57.6 million or $1.02 per share
  - EPS: $1.02 per share
  - Result: reported results
  source text: Paylocity Announces Third Quarter Fiscal Year 2023 Financial Results • Q3 2023 Recurring & Other Revenue of $314.2 million, up 28% year-over-year • Q3 2023 Total Revenue of $339.9 million, up 38% year-over-year SCHAUMBURG, IL. – May 4, 2023 – Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HCM and payroll software solutions, today
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000061/0001591698-23-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.