---
schema_version: "secwatch.filing_event.v1"
accession: "0001591698-24-000149"
form_type: "8-K"
ticker: "PCTY"
cik: "0001591698"
company_name: "Paylocity Holding Corp"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:49:37.453534+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Paylocity Q4 total revenue $357.3M (+16% YoY); GAAP EPS $0.86; Beauchamp to Exec Chairman

## Summary
- Q4 total revenue $357.3M (+16% YoY); recurring revenue $324.7M (+15%); GAAP net income $48.8M ($0.86 EPS).
- FY2024 total revenue $1,402.5M (+19%); GAAP net income $206.8M (+47% YoY); Adjusted EBITDA $505.6M (+35%).
- Repurchased 1.1M shares for $150.0M in Q4; cash and equivalents $401.8M at year-end.
- Co-CEO Steve Beauchamp transitions to Executive Chairman; Toby Williams becomes sole CEO effective Aug 5, 2024.
- Client count grew 8% to 39,050; avg revenue per client up 8%; Learning Mgmt, Recognition, Employee Voice standout.

## SEC filing metadata
- accession: 0001591698-24-000149
- form_type: 8-K
- ticker: PCTY
- cik: 0001591698
- company_name: Paylocity Holding Corp
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591698/000159169824000149/0001591698-24-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591698/000159169824000149/pcty-20240726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001591698-24-000149
- JSON: https://secwatch.observer/filing/0001591698-24-000149.json
- Plain text: https://secwatch.observer/filing/0001591698-24-000149.txt

## Key facts
- Executive change
  Steven R. Beauchamp was appointed as Executive Chairman of the Board at Paylocity Holding Corp.
  - Action: appointed
  - Role: Executive Chairman of the Board
  source text: On July 26, 2024, the Board of Directors (the “Board”) of Paylocity Holding Corporation (the “Company”) appointed Steven R. Beauchamp as Executive Chairman of the Board, effective August 5, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169824000149/0001591698-24-000149-index.htm
- Executive change
  Steve Sarowitz changed role as member of the Board at Paylocity Holding Corp.
  - Action: stepped down
  - Role: member of the Board
  source text: Steve Sarowitz, founder and current Chairman of the Board of the Company, will step down as Chairman of the Board as of the Effective Date and will continue to serve as member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169824000149/0001591698-24-000149-index.htm
- Executive change
  Toby Williams was appointed as Chief Executive Officer at Paylocity Holding Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: As of the Effective Date, Toby Williams will be the Company’s sole Chief Executive Officer and principal executive officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591698/000159169824000149/0001591698-24-000149-index.htm

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