Paylocity Holding Corporation
PCTY Technology Software Application
Paylocity Holding Corporation’s revenue for fiscal 2026 (year ended June 2026) was $1.8 billion, up 11.0% from fiscal 2025. In the quarter to June 2026, revenue grew 11.0%, EPS grew 28.4%, free cash flow grew 10.5% and total debt fell 50.0%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for five.
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Paylocity Holding Corporation (PCTY) Altman Z-score
Paylocity Holding Corporation's Altman Z-score for fiscal 2026 is 1.96, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.96 | (0.95) |
| FY2025 | 2.91 | 0.65 |
| FY2024 | 2.25 | (0.63) |
| FY2023 | 2.88 | 1.15 |
| FY2022 | 1.73 | (2.04) |
| FY2021 | 3.77 | 0.16 |
| FY2020 | 3.60 | 1.08 |
| FY2019 | 2.52 | 0.73 |
| FY2018 | 1.79 | 0.06 |
| FY2017 | 1.73 | 0.53 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.06 | — | 0.07 | |
| Retained earnings / total assets | 0.24 | — | 0.34 | |
| EBIT / total assets | 0.08 | — | 0.26 | |
| Market value of equity / total liabilities | 1.54 | — | 0.93 | |
| Sales / total assets | 0.36 | — | 0.36 | |
| Altman Z-score | Grey zone | 1.96 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.07 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| APPF AppFolio, Inc. compare | 37.8× |
| TTAN ServiceTitan Inc. compare | 19.3× |
| YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare | 13.3× |
| DUOL Duolingo, Inc. compare | 9.0× |
| IDCC InterDigital, Inc. compare | 8.1× |
| PCOR Procore Technologies, Inc. compare | 6.4× |
| BSY Bentley Systems, Incorporated compare | 3.6× |
| ESTC Elastic N.V. compare | 2.1× |
| PCTY Paylocity Holding Corporation | 2.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets