Paycom vs Paylocity
Paycom reported revenue of $2.1 billion in fiscal 2025, 1.2 times Paylocity's $1.8 billion in fiscal 2026. Paycom's revenue grew 8.9% in its latest year, and Paylocity's grew 11.0%. Paycom had an operating margin of 27.6%, against 21.8% at Paylocity. Free cash flow was $408 million at Paycom and $497 million at Paylocity. Their fiscal years end in different months (December 31 and June 30), so the periods don't line up exactly.
Side by side
| Paycom | Paylocity | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Jun 30, 2026 |
| Revenue | $2.1B | $1.8B |
| Revenue growth | 8.9% | 11.0% |
| Revenue growth a year, last 5 years | 19.5% | 22.8% |
| Gross margin | 83.2% | 69.2% |
| Operating margin | 27.6% | 21.8% |
| Net margin | 22.1% | 15.2% |
| Free cash flow | $408M | $497M |
| Free cash flow margin | 19.9% | 28.1% |
| Return on capital | — | 26.5% |
| Net debt to EBITDA | — | −0.4x |
| Dividends and buybacks | $410M | $398M |
| Change in diluted share count | −0.3% | −3.1% |
| Last close | $237.32 | $173.15 |
| P/E at the last close | 22.8× | 33.6× |
| Insider trades, last 12 months | sold $1.6 million | sold $46.0 million |
| Piotroski F-score | — | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
PaycomPaylocity
Operating margin
Percent of revenue
PaycomPaylocity
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
PaycomPaylocity