What is Paylocity?
Cloud HCM and payroll platform for mid-market employers.
- Category
- Human capital management software
- Headquarters
- Schaumburg, IL
- Founded
- 1997
- Employees
- Approximately 6,700
- Revenue
- $1.595B FY2025 total revenue; Q3 FY2026 revenue $502.3M
- Status
- Public company (Nasdaq: PCTY)
What is Paylocity?
Paylocity is a human capital management software company with $1.595B FY2025 total revenue; Q3 FY2026 revenue $502.3M. Its current status is Public company (Nasdaq: PCTY).
Paylocity is a human capital management software company headquartered in Schaumburg, IL. Paylocity sells a unified payroll, HR, benefits, talent, time, and employee-experience platform to small and mid-sized employers. As of June 2026, the most useful scale markers are $1.595B FY2025 total revenue; Q3 FY2026 revenue $502.3M, Approximately 6,700 employees, and status as Public company (Nasdaq: PCTY).
Its product surface includes Payroll, HR, Benefits, Time and Labor, Talent Management, and the buyer is usually a functional operating team rather than a single software administrator. 44,500+ clients disclosed around FY2025. For sellers, the account should be mapped by workflow: product owners, finance, security, procurement, IT, and the executive sponsor will care about different parts of the platform and business case.
What does Paylocity offer?
Paylocity's main offerings include Payroll, HR, Benefits, Time and Labor, Talent Management, Employee Experience.
- Payroll· Core
- HR· Core
- Benefits· Adjacent
- Time and Labor· Adjacent
- Talent Management· Adjacent
- Employee Experience· Adjacent
- AI recruiting via Grayscale· Adjacent
How does Paylocity make money?
Paylocity monetizes through recurring and other HCM subscription revenue, implementation, services, float income, and module expansion.
Paylocity makes money from recurring and other HCM subscription revenue, implementation, services, float income, and module expansion. Growth is driven by new customers, expansion into more modules, usage or seat growth, retention, and the company's ability to prove measurable workflow ROI.
Paylocity does not publish standard per-employee pricing; HCM contracts are quote-based by modules, employees, payroll frequency, services, implementation, and tax complexity. Public pricing, where available, is only the entry point; larger customers usually negotiate around volume, service levels, implementation, security, data, and renewal terms.
For sales teams, that means discovery should connect to a revenue or cost line the company already manages: attach rate, workflow automation, compliance risk, support burden, cloud cost, data quality, productivity, or customer retention.
Who leads Paylocity?
Paylocity is led by Toby Williams, with finance, product, technology, and operating leaders supporting the company.
- Toby WilliamsPresident and Chief Executive OfficerCEO since 2024Leads company strategy and operating execution after succeeding longtime CEO Steve Beauchamp.
- Ryan GlennChief Financial OfficerCFO since 2018Owns finance, investor relations, and public-company operating discipline.
- Steve BeauchampExecutive ChairmanCEO 2007-2024; chairman thereafterLongtime operator who scaled Paylocity through IPO and mid-market HCM expansion.
- Kathy FerruzzaChief Administrative OfficerExecutive leadershipLeads people, legal, and administrative functions in public profiles.
How do you contact Paylocity's leadership?
Paylocity publishes official routing contacts; personal executive emails are not treated as verified unless published by the company.
Official routing: investorrelations@paylocity.com; personal executive format not verifiedHow much funding has Paylocity raised?
Paylocity's current capital status is Public company; IPO in 2014; latest valuation/status is Public market capitalization varies.
Paylocity's capital history is best understood through public-market or acquisition events rather than a current private venture-round ladder. The current status is Public company (Nasdaq: PCTY); the latest scale marker is $1.595B FY2025 total revenue; Q3 FY2026 revenue $502.3M; and the valuation/status signal is Public market capitalization varies.
Major capital milestones include: 2014 IPO (Paylocity becomes a public company on Nasdaq; private-round valuations are no longer the key capital signal.) 2025 FY2025 annual filing ($1.595 billion total revenue and approximately 6,700 employees provide the current operating baseline.) 2026 Public capital access (Share repurchases and acquisition activity show mature public-company capital allocation.) This profile does not invent private valuations where the relevant current signal is public trading, a completed take-private, or a strategic acquisition.
For sellers, funding status is a procurement signal. Public or newly private software companies can have meaningful budgets, but larger purchases still require a sponsor, security review, procurement process, finance approval, and a business case tied to an active operating priority.
How did Paylocity get here?
Paylocity's path runs through founding, platform expansion, public-market or transaction milestones, and current operating scale.
- 1997FoundedPaylocity is founded to deliver web-based payroll and HR technology.
- 2014IPOPaylocity lists publicly on Nasdaq under PCTY.
- 2020Product expansionThe company broadens beyond payroll into modern HR, talent, and employee experience modules.
- 2024CEO transitionToby Williams becomes CEO and Steve Beauchamp moves to executive chairman.
- 2025FY2025 scalePaylocity reports $1.595 billion of total revenue for fiscal 2025.
- 2026AI recruiting acquisitionPaylocity completes the Grayscale Labs acquisition to expand AI-powered recruiting.
Who are Paylocity's competitors?
Paylocity competes with focused category vendors, suite incumbents, and workflow platforms that overlap with its buyer surface.
- PaycomCompetes directly in single-database payroll and HCM for mid-market employers.
- ADPLarger payroll and HCM incumbent with broader services and enterprise coverage.
- PaychexPayroll and HR provider with strong SMB and mid-market services footprint.
- DayforceEnterprise and mid-market HCM suite with global payroll and workforce management depth.
- UKGWorkforce management and HCM vendor with deep scheduling and HR service capabilities.
- RipplingEmployee system of record that combines HR, IT, payroll, and identity workflows.
Paylocity — frequently asked questions
