Recent Updates — PCTY

Paylocity Holding Corporation entered into an Amended and Restated Revolving Credit Agreement on September 17, 2026, replacing its prior credit facility. The new agreement establishes a $1.75 billion senior secured revolving credit facility with PNC Bank as administrative agent, maturing on September 17, 2031. As of the effective date, $81.25 million was outstanding under the facility. The company may request increased commitments up to an aggregate of $875.0 million and has the option to extend the maturity for one year on up to two occasions. Borrowings bear interest at Term SOFR or adjusted base rate plus applicable margins based on leverage ratios. Proceeds are designated for working capital, capital expenditures, general corporate purposes, permitted acquisitions, investments, distributions, and share repurchases.

On August 20, 2026, Craig Conway notified the Board of Directors that he will not stand for re-election at the Company’s 2027 annual meeting of stockholders. Mr. Conway will continue to serve through the remainder of his current term and stated that his decision was not due to any disagreement with the Company regarding operations or policies. Paylocity Holding Corporation operates in the human capital management software industry, providing cloud-based payroll, HR, and benefits administration solutions.

Paylocity Holding Corporation reported fourth quarter and fiscal 2026 financial results ending June 30, 2026. Total revenue increased 11.0% year-over-year to $444.7 million for the quarter and $1.771 billion for the full year. GAAP net income rose 18.8% to $269.7 million ($4.92 per diluted share) for fiscal 2026, compared to $227.1 million in the prior year. The company generated $533.3 million in operating cash flow and repurchased $398.1 million of common stock during the fiscal year. Management provided guidance for Q1 and full-year fiscal 2027, projecting total revenue growth of approximately 7-8%. Paylocity operates in the human capital management software industry.