Paylocity Holdng (PCTY)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	960,786	807,559	565,649	416,329	379,319
Revenue	US$ in thousands	1,402,520	1,174,600	852,651	635,627	561,329
Gross profit margin		68.50%	68.75%	66.34%	65.50%	67.58%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $960,786K ÷ $1,402,520K
= 68.50%

The gross profit margin of Paylocity Holdng has displayed a relatively stable trend over the past five years. It increased from 67.58% in June 2020 to 68.75% in June 2023, indicating an improvement in the company's ability to generate profits from its core operations. However, there was a slight decrease to 66.34% in June 2022, which could be attributed to various factors affecting the cost of goods sold.

In the most recent financial period ending in June 2024, the gross profit margin stood at 68.50%, suggesting that Paylocity Holdng continues to maintain a strong position in efficiently managing its production costs and pricing strategies to generate profits. Overall, the company's gross profit margin trend reflects a solid performance in maintaining healthy profitability levels and operational efficiency during the analyzed period.