Paylocity Holdng (PCTY)

Operating 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
Operating income (ttm) US$ in thousands 304,024 302,115 281,486 284,569 261,614 246,648 220,624 189,126 155,026 124,500 91,501 81,431 84,594 74,868 66,633 64,846 58,043 55,259 63,857 63,620
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
Operating profit margin 19.06% 19.47% 18.78% 19.65% 18.65% 18.22% 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%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $304,024K ÷ $1,595,221K
= 19.06%

The operating profit margin of Paylocity Holding has exhibited notable variation over the analyzed period from September 2020 through June 2025. Initially, the margin was 11.15% as of September 2020, declining slightly through late 2020 and early 2021, reaching a low of 9.11% in December 2021. During this period, the margin demonstrated some fluctuations but remained within a range roughly between 9% and 11.5%.

Starting in early 2022, the operating profit margin showed a tendency toward gradual improvement, with some intermittent decreases, notably dropping to 8.81% in September 2022. However, from March 2023 onwards, there was a consistent upward trajectory. The margin increased significantly from 11.37% in March 2023 to 13.20% in June 2023, and further to 15.27% by September 2023. The upward trend continued into late 2023 and early 2024, with margins reaching 17.07% in December 2023, 18.22% in March 2024, and peaking at 19.65% in September 2024.

In the subsequent period, the margin experienced a slight decline to 18.78% in December 2024 but remained relatively high. Into the first half of 2025, the operating profit margin maintained a strong position, with values of 19.47% in March 2025 and a slight decrease to 19.06% in June 2025.

Overall, the data indicates a trend of recovery and growth in Paylocity’s operating profitability from a low point in late 2021, accelerating into 2023 and reaching a peak in mid-2024. The most recent figures suggest sustained improvements in operating efficiency and profitability, although some minor fluctuations persisted throughout the period.