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Side-by-side financial comparison of COMMERCE BANCSHARES INC (CBSH) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
COMMERCE BANCSHARES INC is the larger business by last-quarter revenue ($475.7M vs $387.0M, roughly 1.2× Paylocity Holding Corp). COMMERCE BANCSHARES INC runs the higher net margin — 29.8% vs 13.0%, a 16.8% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 11.1%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 2.7%).
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
CBSH vs PCTY — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $475.7M | $387.0M |
| Net Profit | $141.6M | $50.2M |
| Gross Margin | — | 72.9% |
| Operating Margin | — | 18.2% |
| Net Margin | 29.8% | 13.0% |
| Revenue YoY | 11.1% | 11.3% |
| Net Profit YoY | 0.7% | 34.0% |
| EPS (diluted) | $0.96 | $0.92 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $475.7M | — | ||
| Q4 25 | $449.4M | $387.0M | ||
| Q3 25 | $441.0M | $378.9M | ||
| Q2 25 | $445.8M | $369.9M | ||
| Q1 25 | $428.1M | $421.1M | ||
| Q4 24 | $422.1M | $347.7M | ||
| Q3 24 | $421.4M | $333.1M | ||
| Q2 24 | $414.5M | $324.7M |
| Q1 26 | $141.6M | — | ||
| Q4 25 | $140.7M | $50.2M | ||
| Q3 25 | $141.5M | $48.0M | ||
| Q2 25 | $152.5M | $48.6M | ||
| Q1 25 | $131.6M | $91.5M | ||
| Q4 24 | $136.1M | $37.5M | ||
| Q3 24 | $138.0M | $49.6M | ||
| Q2 24 | $139.6M | $48.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 72.9% | ||
| Q3 25 | — | 73.9% | ||
| Q2 25 | — | 73.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 72.6% | ||
| Q3 24 | — | 74.4% | ||
| Q2 24 | — | 74.0% |
| Q1 26 | — | — | ||
| Q4 25 | 40.8% | 18.2% | ||
| Q3 25 | 41.9% | 19.6% | ||
| Q2 25 | 44.0% | 17.9% | ||
| Q1 25 | 39.2% | 30.2% | ||
| Q4 24 | 41.2% | 13.4% | ||
| Q3 24 | 42.4% | 19.3% | ||
| Q2 24 | 43.4% | 19.4% |
| Q1 26 | 29.8% | — | ||
| Q4 25 | 31.3% | 13.0% | ||
| Q3 25 | 32.1% | 12.7% | ||
| Q2 25 | 34.2% | 13.1% | ||
| Q1 25 | 30.7% | 21.7% | ||
| Q4 24 | 32.2% | 10.8% | ||
| Q3 24 | 32.8% | 14.9% | ||
| Q2 24 | 33.7% | 15.0% |
| Q1 26 | $0.96 | — | ||
| Q4 25 | $0.86 | $0.92 | ||
| Q3 25 | $1.06 | $0.86 | ||
| Q2 25 | $1.14 | $0.87 | ||
| Q1 25 | $0.98 | $1.61 | ||
| Q4 24 | $0.83 | $0.66 | ||
| Q3 24 | $1.01 | $0.88 | ||
| Q2 24 | $1.03 | $0.85 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $4.3B | $1.1B |
| Total Assets | $35.7B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $162.5M | ||
| Q3 25 | — | $165.2M | ||
| Q2 25 | — | $398.1M | ||
| Q1 25 | — | $477.8M | ||
| Q4 24 | — | $482.4M | ||
| Q3 24 | — | $778.5M | ||
| Q2 24 | — | $401.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.3M | ||
| Q3 25 | — | $81.3M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $0 |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $3.8B | $1.1B | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.6B | $1.2B | ||
| Q1 25 | $3.5B | $1.2B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.1B | $1.0B |
| Q1 26 | $35.7B | — | ||
| Q4 25 | $32.9B | $7.0B | ||
| Q3 25 | $32.3B | $4.2B | ||
| Q2 25 | $32.3B | $4.4B | ||
| Q1 25 | $32.4B | $5.2B | ||
| Q4 24 | $32.0B | $5.3B | ||
| Q3 24 | $31.5B | $4.0B | ||
| Q2 24 | $30.6B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $645.1M | $117.0M | ||
| Q3 25 | $129.0M | $86.5M | ||
| Q2 25 | $111.2M | $86.6M | ||
| Q1 25 | $138.6M | $186.0M | ||
| Q4 24 | $577.9M | $54.2M | ||
| Q3 24 | $431.7M | $91.5M | ||
| Q2 24 | $147.4M | $79.9M |
| Q1 26 | — | — | ||
| Q4 25 | $592.4M | $113.6M | ||
| Q3 25 | $113.3M | $82.7M | ||
| Q2 25 | $100.5M | $81.1M | ||
| Q1 25 | $126.0M | $183.7M | ||
| Q4 24 | $531.7M | $51.2M | ||
| Q3 24 | $419.1M | $89.1M | ||
| Q2 24 | $138.9M | $73.6M |
| Q1 26 | — | — | ||
| Q4 25 | 131.8% | 29.4% | ||
| Q3 25 | 25.7% | 21.8% | ||
| Q2 25 | 22.5% | 21.9% | ||
| Q1 25 | 29.4% | 43.6% | ||
| Q4 24 | 126.0% | 14.7% | ||
| Q3 24 | 99.5% | 26.8% | ||
| Q2 24 | 33.5% | 22.7% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 0.9% | ||
| Q3 25 | 3.6% | 1.0% | ||
| Q2 25 | 2.4% | 1.5% | ||
| Q1 25 | 2.9% | 0.5% | ||
| Q4 24 | 10.9% | 0.9% | ||
| Q3 24 | 3.0% | 0.7% | ||
| Q2 24 | 2.1% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.59× | 2.33× | ||
| Q3 25 | 0.91× | 1.80× | ||
| Q2 25 | 0.73× | 1.78× | ||
| Q1 25 | 1.05× | 2.03× | ||
| Q4 24 | 4.25× | 1.45× | ||
| Q3 24 | 3.13× | 1.84× | ||
| Q2 24 | 1.06× | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBSH
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
