Paylocity Holdng (PCTY)

Operating profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating income	US$ in thousands	260,093	155,026	84,594	58,043	66,171
Revenue	US$ in thousands	1,402,520	1,174,600	852,651	635,627	561,329
Operating profit margin		18.54%	13.20%	9.92%	9.13%	11.79%

June 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $260,093K ÷ $1,402,520K
= 18.54%

The operating profit margin of Paylocity Holdng has shown a positive trend over the five-year period from June 30, 2020, to June 30, 2024. The operating profit margin increased from 11.79% in 2020 to 18.54% in 2024, indicating a steady improvement in the company's profitability and operational efficiency.

This upward trend in the operating profit margin reflects the company's ability to effectively manage its operating expenses relative to its revenue. The consistent growth in operating profit margin suggests that Paylocity Holdng has been able to control costs, optimize operational processes, and enhance its overall financial performance over the years.

The significant increase in operating profit margin from 2020 to 2024 demonstrates the company's strong performance and efficient cost management strategies. It indicates that Paylocity Holdng has been successful in generating more operating income from each dollar of sales, which bodes well for its bottom line and overall financial health.