Paylocity Holding Corp

Paylocity Holding Corporation (NASDAQ: PCTY) is a cloud-based provider of human capital management (HCM), finance, and IT software solutions serving businesses of various sizes across the United States. The company offers a unified platform that helps organizations streamline HR operations, manage payroll, talent acquisition, expense management, and workforce analytics. Paylocity has embedded AI capabilities — branded as Ignite AI — directly into everyday workflows to automate tasks, reduce manual effort, and support data-driven decisions. Its product suite includes payroll processing, benefits administration, time and labor management, recruiting tools (enhanced by the Grayscale acquisition), retirement solutions (Paylocity Retirement), and Elevate Solutions which pairs its technology platform with dedicated payroll and HR support teams. The company generates revenue primarily through recurring subscription fees and also earns interest income on client funds held during payroll processing cycles. Paylocity serves a growing client base, with approximately 7% client growth in fiscal 2026, and has been actively returning capital to shareholders through share repurchases. Updated Aug 4, 2026