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Side-by-side financial comparison of Paymentus Holdings, Inc. (PAY) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $330.5M, roughly 1.2× Paymentus Holdings, Inc.). Paylocity Holding Corp runs the higher net margin — 13.0% vs 6.3%, a 6.7% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 11.3%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $45.0M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 2.7%).
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
PAY vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $330.5M | $387.0M |
| Net Profit | $20.7M | $50.2M |
| Gross Margin | 25.4% | 72.9% |
| Operating Margin | 7.3% | 18.2% |
| Net Margin | 6.3% | 13.0% |
| Revenue YoY | 28.1% | 11.3% |
| Net Profit YoY | 57.2% | 34.0% |
| EPS (diluted) | $0.16 | $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.
| Q4 25 | $330.5M | $387.0M | ||
| Q3 25 | $310.7M | $378.9M | ||
| Q2 25 | $280.1M | $369.9M | ||
| Q1 25 | $275.2M | $421.1M | ||
| Q4 24 | $257.9M | $347.7M | ||
| Q3 24 | $231.6M | $333.1M | ||
| Q2 24 | $197.4M | $324.7M | ||
| Q1 24 | $184.9M | $366.8M |
| Q4 25 | $20.7M | $50.2M | ||
| Q3 25 | $17.7M | $48.0M | ||
| Q2 25 | $14.7M | $48.6M | ||
| Q1 25 | $13.8M | $91.5M | ||
| Q4 24 | $13.1M | $37.5M | ||
| Q3 24 | $14.4M | $49.6M | ||
| Q2 24 | $9.4M | $48.8M | ||
| Q1 24 | $7.2M | $85.3M |
| Q4 25 | 25.4% | 72.9% | ||
| Q3 25 | 24.1% | 73.9% | ||
| Q2 25 | 25.5% | 73.5% | ||
| Q1 25 | 24.0% | 77.1% | ||
| Q4 24 | 25.6% | 72.6% | ||
| Q3 24 | 26.2% | 74.4% | ||
| Q2 24 | 29.8% | 74.0% | ||
| Q1 24 | 28.5% | 77.8% |
| Q4 25 | 7.3% | 18.2% | ||
| Q3 25 | 6.4% | 19.6% | ||
| Q2 25 | 5.7% | 17.9% | ||
| Q1 25 | 5.7% | 30.2% | ||
| Q4 24 | 5.5% | 13.4% | ||
| Q3 24 | 5.2% | 19.3% | ||
| Q2 24 | 5.2% | 19.4% | ||
| Q1 24 | 4.5% | 29.0% |
| Q4 25 | 6.3% | 13.0% | ||
| Q3 25 | 5.7% | 12.7% | ||
| Q2 25 | 5.3% | 13.1% | ||
| Q1 25 | 5.0% | 21.7% | ||
| Q4 24 | 5.1% | 10.8% | ||
| Q3 24 | 6.2% | 14.9% | ||
| Q2 24 | 4.7% | 15.0% | ||
| Q1 24 | 3.9% | 23.3% |
| Q4 25 | $0.16 | $0.92 | ||
| Q3 25 | $0.14 | $0.86 | ||
| Q2 25 | $0.11 | $0.87 | ||
| Q1 25 | $0.11 | $1.61 | ||
| Q4 24 | $0.11 | $0.66 | ||
| Q3 24 | $0.11 | $0.88 | ||
| Q2 24 | $0.07 | $0.85 | ||
| Q1 24 | $0.06 | $1.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $320.9M | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $560.4M | $1.1B |
| Total Assets | $667.9M | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $320.9M | $162.5M | ||
| Q3 25 | $287.9M | $165.2M | ||
| Q2 25 | $266.4M | $398.1M | ||
| Q1 25 | $245.8M | $477.8M | ||
| Q4 24 | $205.9M | $482.4M | ||
| Q3 24 | $187.5M | $778.5M | ||
| Q2 24 | $188.8M | $401.8M | ||
| Q1 24 | $180.1M | $492.7M |
| 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 24 | — | — |
| Q4 25 | $560.4M | $1.1B | ||
| Q3 25 | $537.4M | $1.1B | ||
| Q2 25 | $516.7M | $1.2B | ||
| Q1 25 | $500.4M | $1.2B | ||
| Q4 24 | $485.6M | $1.2B | ||
| Q3 24 | $468.8M | $1.1B | ||
| Q2 24 | $451.6M | $1.0B | ||
| Q1 24 | $439.4M | $1.1B |
| Q4 25 | $667.9M | $7.0B | ||
| Q3 25 | $644.4M | $4.2B | ||
| Q2 25 | $609.5M | $4.4B | ||
| Q1 25 | $590.9M | $5.2B | ||
| Q4 24 | $576.2M | $5.3B | ||
| Q3 24 | $552.9M | $4.0B | ||
| Q2 24 | $527.7M | $4.2B | ||
| Q1 24 | $514.0M | $5.0B |
| 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× | ||
| Q1 24 | — | — |
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 | $45.1M | $117.0M |
| Free Cash FlowOCF − Capex | $45.0M | $113.6M |
| FCF MarginFCF / Revenue | 13.6% | 29.4% |
| Capex IntensityCapex / Revenue | 0.0% | 0.9% |
| Cash ConversionOCF / Net Profit | 2.18× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $161.8M | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $45.1M | $117.0M | ||
| Q3 25 | $35.1M | $86.5M | ||
| Q2 25 | $31.5M | $86.6M | ||
| Q1 25 | $50.4M | $186.0M | ||
| Q4 24 | $27.9M | $54.2M | ||
| Q3 24 | $6.7M | $91.5M | ||
| Q2 24 | $18.0M | $79.9M | ||
| Q1 24 | $11.0M | $167.5M |
| Q4 25 | $45.0M | $113.6M | ||
| Q3 25 | $35.0M | $82.7M | ||
| Q2 25 | $31.4M | $81.1M | ||
| Q1 25 | $50.4M | $183.7M | ||
| Q4 24 | $27.8M | $51.2M | ||
| Q3 24 | $6.7M | $89.1M | ||
| Q2 24 | $17.8M | $73.6M | ||
| Q1 24 | $10.8M | $162.0M |
| Q4 25 | 13.6% | 29.4% | ||
| Q3 25 | 11.3% | 21.8% | ||
| Q2 25 | 11.2% | 21.9% | ||
| Q1 25 | 18.3% | 43.6% | ||
| Q4 24 | 10.8% | 14.7% | ||
| Q3 24 | 2.9% | 26.8% | ||
| Q2 24 | 9.0% | 22.7% | ||
| Q1 24 | 5.9% | 44.2% |
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 1.5% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 0.0% | 0.9% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 0.1% | 1.9% | ||
| Q1 24 | 0.1% | 1.5% |
| Q4 25 | 2.18× | 2.33× | ||
| Q3 25 | 1.98× | 1.80× | ||
| Q2 25 | 2.14× | 1.78× | ||
| Q1 25 | 3.65× | 2.03× | ||
| Q4 24 | 2.12× | 1.45× | ||
| Q3 24 | 0.47× | 1.84× | ||
| Q2 24 | 1.93× | 1.64× | ||
| Q1 24 | 1.52× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
