secwatch.observer — SEC 8-K summary
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Issuer:     Paylocity Holding Corp (PCTY)
CIK:        0001591698
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001591698-25-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paylocity Q3 FY2025: recurring revenue up 15% to $421.1M; raises FY guidance
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- Total revenue $454.5M (+13% YoY); recurring & other revenue $421.1M (+15% YoY).
- GAAP net income $91.5M ($1.61 EPS) vs $85.3M ($1.50 EPS) in prior year.
- Non-GAAP operating income $172.7M, up from $145.9M; Adjusted EBITDA $197.1M vs $167.9M.
- Repaid $81.3M of debt in Q3; $150M spent on share repurchases (~800k shares) through April.
- Management raised full-year revenue and profitability guidance citing solid results.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591698/000159169825000049/0001591698-25-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591698/000159169825000049/pcty-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001591698-25-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer