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Side-by-side financial comparison of Paylocity Holding Corp (PCTY) and QUINSTREET, INC (QNST). Click either name above to swap in a different company.
Paylocity Holding Corp is the larger business by last-quarter revenue ($387.0M vs $287.8M, roughly 1.3× QUINSTREET, INC). QUINSTREET, INC runs the higher net margin — 17.4% vs 13.0%, a 4.5% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 1.9%). Paylocity Holding Corp produced more free cash flow last quarter ($113.6M vs $20.7M). Over the past eight quarters, QUINSTREET, INC's revenue compounded faster (53.2% CAGR vs 2.7%).
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
QUINSTREET, INCQNSTEarnings & Financial Report
QuinStreet, Inc. is a publicly traded online marketing company based in Foster City, California. The company helps generate web traffic for clients by acquiring popular domain names.
PCTY vs QNST — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $387.0M | $287.8M |
| Net Profit | $50.2M | $50.2M |
| Gross Margin | 72.9% | 9.6% |
| Operating Margin | 18.2% | 0.4% |
| Net Margin | 13.0% | 17.4% |
| Revenue YoY | 11.3% | 1.9% |
| Net Profit YoY | 34.0% | 3342.5% |
| EPS (diluted) | $0.92 | $0.87 |
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 | $387.0M | $287.8M | ||
| Q3 25 | $378.9M | $285.9M | ||
| Q2 25 | $369.9M | — | ||
| Q1 25 | $421.1M | $269.8M | ||
| Q4 24 | $347.7M | $282.6M | ||
| Q3 24 | $333.1M | $279.2M | ||
| Q2 24 | $324.7M | $198.3M | ||
| Q1 24 | $366.8M | $168.6M |
| Q4 25 | $50.2M | $50.2M | ||
| Q3 25 | $48.0M | $4.5M | ||
| Q2 25 | $48.6M | — | ||
| Q1 25 | $91.5M | $4.4M | ||
| Q4 24 | $37.5M | $-1.5M | ||
| Q3 24 | $49.6M | $-1.4M | ||
| Q2 24 | $48.8M | $-2.2M | ||
| Q1 24 | $85.3M | $-7.0M |
| Q4 25 | 72.9% | 9.6% | ||
| Q3 25 | 73.9% | 9.4% | ||
| Q2 25 | 73.5% | — | ||
| Q1 25 | 77.1% | 10.3% | ||
| Q4 24 | 72.6% | 9.5% | ||
| Q3 24 | 74.4% | 10.2% | ||
| Q2 24 | 74.0% | 8.8% | ||
| Q1 24 | 77.8% | 8.5% |
| Q4 25 | 18.2% | 0.4% | ||
| Q3 25 | 19.6% | 1.7% | ||
| Q2 25 | 17.9% | — | ||
| Q1 25 | 30.2% | 1.8% | ||
| Q4 24 | 13.4% | -0.5% | ||
| Q3 24 | 19.3% | -0.4% | ||
| Q2 24 | 19.4% | -0.7% | ||
| Q1 24 | 29.0% | -3.2% |
| Q4 25 | 13.0% | 17.4% | ||
| Q3 25 | 12.7% | 1.6% | ||
| Q2 25 | 13.1% | — | ||
| Q1 25 | 21.7% | 1.6% | ||
| Q4 24 | 10.8% | -0.5% | ||
| Q3 24 | 14.9% | -0.5% | ||
| Q2 24 | 15.0% | -1.1% | ||
| Q1 24 | 23.3% | -4.2% |
| Q4 25 | $0.92 | $0.87 | ||
| Q3 25 | $0.86 | $0.08 | ||
| Q2 25 | $0.87 | — | ||
| Q1 25 | $1.61 | $0.08 | ||
| Q4 24 | $0.66 | $-0.03 | ||
| Q3 24 | $0.88 | $-0.02 | ||
| Q2 24 | $0.85 | $-0.04 | ||
| Q1 24 | $1.50 | $-0.13 |
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 | $107.0M |
| Total DebtLower is stronger | $81.3M | — |
| Stockholders' EquityBook value | $1.1B | $294.4M |
| Total Assets | $7.0B | $493.0M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.5M | $107.0M | ||
| Q3 25 | $165.2M | $101.3M | ||
| Q2 25 | $398.1M | — | ||
| Q1 25 | $477.8M | $81.8M | ||
| Q4 24 | $482.4M | $57.8M | ||
| Q3 24 | $778.5M | $25.0M | ||
| Q2 24 | $401.8M | $50.5M | ||
| Q1 24 | $492.7M | $39.6M |
| 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 | $1.1B | $294.4M | ||
| Q3 25 | $1.1B | $246.7M | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | $235.5M | ||
| Q4 24 | $1.2B | $224.3M | ||
| Q3 24 | $1.1B | $219.8M | ||
| Q2 24 | $1.0B | $216.8M | ||
| Q1 24 | $1.1B | $215.0M |
| Q4 25 | $7.0B | $493.0M | ||
| Q3 25 | $4.2B | $442.6M | ||
| Q2 25 | $4.4B | — | ||
| Q1 25 | $5.2B | $417.2M | ||
| Q4 24 | $5.3B | $409.6M | ||
| Q3 24 | $4.0B | $401.2M | ||
| Q2 24 | $4.2B | $368.5M | ||
| Q1 24 | $5.0B | $349.3M |
| 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 | $117.0M | $21.6M |
| Free Cash FlowOCF − Capex | $113.6M | $20.7M |
| FCF MarginFCF / Revenue | 29.4% | 7.2% |
| Capex IntensityCapex / Revenue | 0.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.33× | 0.43× |
| TTM Free Cash FlowTrailing 4 quarters | $461.1M | $106.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $117.0M | $21.6M | ||
| Q3 25 | $86.5M | $19.6M | ||
| Q2 25 | $86.6M | — | ||
| Q1 25 | $186.0M | $30.1M | ||
| Q4 24 | $54.2M | $38.7M | ||
| Q3 24 | $91.5M | $-13.7M | ||
| Q2 24 | $79.9M | $16.6M | ||
| Q1 24 | $167.5M | $4.1M |
| Q4 25 | $113.6M | $20.7M | ||
| Q3 25 | $82.7M | $18.4M | ||
| Q2 25 | $81.1M | — | ||
| Q1 25 | $183.7M | $29.5M | ||
| Q4 24 | $51.2M | $38.2M | ||
| Q3 24 | $89.1M | $-14.1M | ||
| Q2 24 | $73.6M | $15.4M | ||
| Q1 24 | $162.0M | $2.9M |
| Q4 25 | 29.4% | 7.2% | ||
| Q3 25 | 21.8% | 6.4% | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 43.6% | 10.9% | ||
| Q4 24 | 14.7% | 13.5% | ||
| Q3 24 | 26.8% | -5.1% | ||
| Q2 24 | 22.7% | 7.8% | ||
| Q1 24 | 44.2% | 1.7% |
| Q4 25 | 0.9% | 0.3% | ||
| Q3 25 | 1.0% | 0.4% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 0.9% | 0.2% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | 1.9% | 0.6% | ||
| Q1 24 | 1.5% | 0.7% |
| Q4 25 | 2.33× | 0.43× | ||
| Q3 25 | 1.80× | 4.32× | ||
| Q2 25 | 1.78× | — | ||
| Q1 25 | 2.03× | 6.82× | ||
| Q4 24 | 1.45× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 1.64× | — | ||
| Q1 24 | 1.96× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
QNST
| Financial Service | $216.8M | 75% |
| Home Services And Other Revenue | $71.0M | 25% |
