Paylocity Holdng (PCTY)

Operating profit margin

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Operating income (ttm)	US$ in thousands	260,093	246,536	220,624	189,126	155,026	124,500	91,501	81,431	84,594	74,868	66,633	64,846	58,043	55,259	63,857	63,620	66,171	69,064	57,535	58,448
Revenue (ttm)	US$ in thousands	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	561,329	551,113	519,019	493,849
Operating profit margin		18.54%	18.21%	17.07%	15.27%	13.20%	11.37%	9.14%	8.81%	9.92%	9.46%	9.11%	9.51%	9.13%	9.23%	10.93%	11.15%	11.79%	12.53%	11.09%	11.84%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $260,093K ÷ $1,402,515K
= 18.54%

Paylocity Holdng's operating profit margin has shown a general upward trend over the past few quarters, indicating improving operational efficiency and profitability. The company's operating profit margin increased from 11.84% in December 2019 to 18.54% in June 2024. This signifies that the company is generating a higher percentage of operating profit from its revenue, reflecting effective cost management and potentially increasing sales prices. The consistent improvement in operating profit margin is a positive indicator of Paylocity's ability to generate profits from its core business operations.