---
schema_version: "secwatch.filing_event.v1"
accession: "0001591698-23-000112"
form_type: "8-K"
ticker: "PCTY"
cik: "0001591698"
company_name: "Paylocity Holding Corp"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T08:19:37.886373+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Paylocity Q4 recurring revenue $282M (+24% YoY); FY23 adj. EBITDA $375M (+58%)

## Summary
- FY23 total revenue $1,174.6M (+38% YoY); recurring revenue $1,098.0M (+30% YoY).
- FY23 GAAP net income $140.8M ($2.49 diluted EPS) vs. $90.8M ($1.61) prior year.
- FY23 Adjusted EBITDA $375.2M (31.9% of revenue) vs. $237.8M (27.9%) prior year.
- Long-term adj. EBITDA target raised to 35-40% of revenue (from 30-35%); FCF target raised to 20-25% (from 15-20%).
- Cash and equivalents $288.8M; FY23 free cash flow $215.8M (18.4% of revenue).

## SEC filing metadata
- accession: 0001591698-23-000112
- form_type: 8-K
- ticker: PCTY
- cik: 0001591698
- company_name: Paylocity Holding Corp
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000112/0001591698-23-000112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000112/pcty-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001591698-23-000112
- JSON: https://secwatch.observer/filing/0001591698-23-000112.json
- Plain text: https://secwatch.observer/filing/0001591698-23-000112.txt

## Key facts
- Earnings Releases
  Paylocity Holding Corp reported the fourth quarter and full fiscal year 2023, which ended June 30, 2023 results: revenue $308.5 million, net income $37.3 million or $0.66 per share. Guidance reaffirmed.
  - Period: the fourth quarter and full fiscal year 2023, which ended June 30, 2023
  - Revenue: $308.5 million
  - Net income: $37.3 million or $0.66 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Announces Fourth Quarter and full Fiscal Year 2023 Financial Results • Q4 2023 Recurring & Other Revenue of $282.0 million, up 24% year-over-year • Q4 2023 Total Revenue of $308.5 million, up 35% year-over-year • FY 2023 Recurring & Other Revenue of $1,098.0 million, up 30% year-over-year • FY 2023 Total Revenue of $1,174.6 million, up 38% year-over-year
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169823000112/0001591698-23-000112-index.htm

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