Paylocity Holding Corporation (PCTY) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Paylocity published the results on November 5, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Paylocity reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Non-GAAP Net income per share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Paylocity's fiscal year ends June 30. Q1 fiscal 2027 is the quarter ended September 30, 2026.
• Paylocity completed the acquisition of Aidora Inc., an AI-powered leave management business, in July 2026.

Source: Paylocity Q1 fiscal 2027 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Paylocity splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Paylocity's Recurring and other revenue revenue was $425 million in Q1 fiscal 2027, up 12% from $379 million in Q1 fiscal 2026, 94% of total revenue.
• Paylocity's Interest income on funds held for clients revenue was $27.2 million in Q1 fiscal 2027, down 7% from $29.3 million in Q1 fiscal 2026, 6% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Paylocity said:

“Total revenue is expected to be in the range of $452.5 million to $457.5 million, which represents approximately 9% growth over fiscal 2026 second quarter total revenue.”

“Recurring and other revenue is expected to be in the range of $1.792 billion to $1.807 billion, which represents approximately 9% growth over fiscal 2026 recurring and other revenue.”

“Total revenue is expected to be in the range of $1.910 billion to $1.925 billion, which represents approximately 8% growth over fiscal 2026 total revenue.”

“Adjusted EBITDA, a non-GAAP measure, is expected to be in the range of $711.5 million to $721.5 million.”

Source: Paylocity Q1 FY27 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PCTY forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and GAAP diluted net income per share, each as first reported in that quarter's release. Paylocity reports in thousands; revenue is shown in millions.

Paylocity's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 5, 2026

Paylocity sells cloud-based payroll, HR, finance and IT software and reports two revenue lines. Recurring and other revenue, the subscription fees, was $424.5 million in Q1 fiscal 2027, up 12.0% from $378.9 million. Interest income on funds held for clients was $27.2 million, down from $29.3 million. Total revenue was $451.7 million, up 10.7%. (Paylocity Q1 FY27 release, Nov 5, 2026)

Paylocity charges clients based on the solutions they buy, the number of their employees and the services provided for those employees. Excluding clients gained through acquisitions, it served approximately 44,400 clients across the U.S. at June 30, 2026, averaging over 150 employees each. Recurring and other revenue was approximately 93% of total revenues in fiscal 2026. (Paylocity Form 10-K, fiscal 2026, Aug 5, 2026)

Paylocity attributed the $45.6 million rise in recurring and other revenue to incremental revenue from new and existing clients. Interest income on client funds fell $2.1 million, or 7%, because of lower interest rates, partly offset by higher average daily balances. Paylocity collects payroll and tax funds from clients before paying them out and earns interest in between; funds held for clients were $2,888.6 million at September 30, 2026. (Paylocity Form 10-Q, Q1 FY27, Nov 6, 2026; Paylocity Q1 FY27 release, Nov 5, 2026)

Paylocity's annual revenue retention rate, which excludes interest income on client funds, was greater than 92% in each of fiscal 2024, 2025 and 2026, according to its 10-K. (Paylocity Form 10-K, fiscal 2026, Aug 5, 2026)

Paylocity reported GAAP diluted EPS of $1.07 and non-GAAP net income per share of $2.09 in Q1 fiscal 2027. The gap is mostly stock-based compensation and related employer payroll taxes, $44.7 million in the quarter, plus $5.9 million of amortization of acquired intangibles and $1.1 million of other items. (Paylocity Q1 FY27 release, Nov 5, 2026)

Buybacks reduced the share count: diluted weighted-average shares were 53.7 million, against 55.9 million a year earlier. Paylocity repurchased 1.1 million shares for $152.5 million in the quarter and $850.2 million of stock (5.7 million shares) since May 2024. (Paylocity Q1 FY27 release, Nov 5, 2026)

The effective tax rate fell to 30.2% from 35.9%. Paylocity said the year-ago rate was raised by stock-based compensation shortfalls, state and local taxes and a higher valuation allowance. (Paylocity Form 10-Q, Q1 FY27, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Paylocity gives quarterly and full-year guidance in its release. For Q2 fiscal 2027 it expects total revenue of $452.5 million to $457.5 million, about 9% growth, recurring and other revenue of $423.0 million to $428.0 million and Adjusted EBITDA of $152.5 million to $156.5 million. (Paylocity Q1 FY27 release, Nov 5, 2026)

For full fiscal 2027 it expects total revenue of $1.910 billion to $1.925 billion (about 8% growth), recurring and other revenue of $1.792 billion to $1.807 billion and Adjusted EBITDA of $711.5 million to $721.5 million. Paylocity does not reconcile these non-GAAP forecasts to GAAP. (Paylocity Q1 FY27 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Paylocity, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Paylocity's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PCTY is on is PCTY a buy or a sell?, what analysts expect next is on the PCTY forecast, and what the company does is on the Paylocity Holding Corporation (PCTY) stock page.

Every number on this page can be traced to a document Paylocity published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.