Paylocity Holding Corporation
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ROIC.AI
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- Paylocity Holding Corporation (NasdaqGS: PCTY) provides cloud-based human capital management (HCM) and payroll software solutions to small, midsize and enterprise businesses across the United States. The company offers a unified platform encompassing payroll and tax services, global payroll, on-demand pay, garnishments; human resources management including workflows, documents and HR analytics; time and labor tracking; talent management with recruiting, onboarding and market pay tools; benefits administration; and employee experience features such as community engagement, video communications and employee feedback tools; following its September 2024 acquisition of Airbase Inc., it has expanded into finance and spend management with integrated bill payments, accounts payable automation, expense management, corporate cards and procurement capabilities. Paylocity Holding Corporation, founded in 1997 and headquartered in Schaumburg, Illinois, maintains additional offices across multiple U.S. states including Arizona, California, Florida and Texas to support its nationwide client base of companies ranging from 1 to more than 500 employees. Recent strategic developments include the completion of the Airbase acquisition in late 2024, which broadens its total addressable market into the office of the CFO by enabling unified management of payroll and non-payroll spend with enhanced visibility and controls, alongside strong revenue growth to $377 million in Q2 fiscal 2025, up 16% year over year.
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