secwatch.observer — SEC 8-K summary
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Issuer:     Paylocity Holding Corp (PCTY)
CIK:        0001591698
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001591698-26-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paylocity Q3 FY2026 revenue up 10.5% to $502.3M, GAAP EPS $2.05, expands buyback by $1B
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- Recurring & other revenue $469.9M (+11.6% YoY); total revenue $502.3M (+10.5%).
- GAAP net income $111.3M ($2.05 diluted EPS) vs $91.5M ($1.61) in prior year.
- Adjusted EBITDA $220.2M; trailing 12-month FCF $421M (24.4% margin).
- Completed acquisition of Grayscale Labs (AI-powered recruiting automation) in April 2026.
- Board approved $1B increase to share repurchase; $1.35B authorization available as of May 7, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591698/000159169826000036/0001591698-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591698/000159169826000036/pcty-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001591698-26-000036

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