Paylocity Holdng (PCTY)

Net profit margin

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Net income (ttm) US$ in thousands 227,127 227,340 221,171 221,822 206,766 195,201 167,503 144,987 140,822 118,714 95,944 90,197 90,777 87,514 89,502 89,291 70,819 63,886 67,184 63,009
Revenue (ttm) US$ in thousands 1,595,221 1,551,771 1,498,504 1,447,885 1,402,515 1,353,681 1,292,257 1,238,904 1,174,598 1,095,092 1,001,205 924,234 852,651 791,155 731,238 681,530 635,627 598,765 584,358 570,403
Net profit margin 14.24% 14.65% 14.76% 15.32% 14.74% 14.42% 12.96% 11.70% 11.99% 10.84% 9.58% 9.76% 10.65% 11.06% 12.24% 13.10% 11.14% 10.67% 11.50% 11.05%

June 30, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $227,127K ÷ $1,595,221K
= 14.24%

The net profit margin of Paylocity Holdings has exhibited a generally upward trend over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the margin was approximately 11.05% as of September 2020, with slight fluctuations in subsequent quarters, reaching a peak of approximately 13.10% in September 2021. Following this peak, the net profit margin experienced a gradual decline, dipping below 10% in late 2022, with the lowest recorded at approximately 9.58% on December 31, 2022.

Starting in early 2023, the margin demonstrated signs of recovery, increasing to around 10.84% by March 2023 and further advancing to nearly 11.99% in June 2023. The upward trajectory continued into late 2023 and early 2024, achieving a new high of approximately 15.32% on September 30, 2024. Subsequently, the margin stabilized at around 14.76% in December 2024 and maintained a relatively consistent level through March and June 2025, corresponding to approximately 14.65% and 14.24%, respectively.

Overall, the company's net profit margin reflects periods of fluctuation with a tendency towards recovery and improvement over the longer term, reaching its highest levels in late 2024 and maintaining relatively robust profitability into mid-2025. The data indicates that despite some volatility, Paylocity Holdings has managed to sustain and enhance its profitability margins in recent periods.