Paylocity Holdng (PCTY)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 277,015 | 260,502 | 231,405 | 196,102 | 158,614 | 125,274 | 90,825 | 80,388 | 83,597 | 73,972 | 65,841 | 64,047 | 57,104 | 54,169 | 63,409 | 63,836 | 67,118 | 70,925 | 59,501 | 60,475 |
| 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 |
| Pretax margin | 19.75% | 19.24% | 17.91% | 15.83% | 13.50% | 11.44% | 9.07% | 8.70% | 9.80% | 9.35% | 9.00% | 9.40% | 8.98% | 9.05% | 10.85% | 11.19% | 11.96% | 12.87% | 11.46% | 12.25% |
June 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $277,015K ÷ $1,402,515K
= 19.75%
The pretax margin of Paylocity Holdng has been fluctuating over the past few quarters. It has shown a generally increasing trend over the last five quarters, with a notable increase from 9.05% in March 2021 to 19.75% in June 2024. This indicates an improvement in the company's ability to generate profits before accounting for taxes.
Despite the overall increasing trend, there were periods of fluctuation in the pretax margin. For example, the margin decreased from 15.83% in September 2023 to 13.50% in June 2023, before rebounding to 17.91% in December 2023. This fluctuation suggests that the company's profitability may have been impacted by various factors such as changes in operating expenses, revenues, or other financial metrics.
Overall, the pretax margin of Paylocity Holdng has shown improvement in recent quarters, indicating a positive trend in the company's ability to generate profits before taxes. However, investors and stakeholders should continue to monitor this metric along with other financial indicators to assess the company's financial performance and sustainability.
Peer comparison
Jun 30, 2024