About Paylocity
Paylocity is a company based in Arlington Heights (United States) founded in 1997 by Steve Sarowitz. Paylocity has raised $37.28 million across 2 funding rounds from investors including Adams Street Partners. The company has 6,700 employees as of June 30, 2025. Paylocity has completed 7 acquisitions, including Airbase, Blue Marble Payroll and Cloudsnap. Paylocity operates in a competitive market with competitors including Workday, Gusto, Kronos, SuccessFactors and Justworks, among others.
- Headquarter Arlington Heights, United States
- Employees 6700 as on 30 Jun, 2025
- Founders Steve Sarowitz
- Stage Public
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Paylocity Holding Corporation
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Annual Revenue
$1.6 B (USD)13.74as on Jun 30, 2025
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Net Profit
$227.13 M (USD)9.85as on Jun 30, 2025
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EBITDA
$416.21 M (USD)23.91as on Jun 30, 2025
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Total Equity Funding
$37.28 M (USD)
in 2 rounds
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Latest Funding Round
$27.28 M (USD), Series B
Jun 30, 2012
- Investors
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Employee Count
6700
as on Jun 30, 2025
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Investments & Acquisitions
Airbase
& 6 more
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IPO & Listings of Paylocity
Paylocity is a publicly listed company on the NASDAQ with ticker symbol PCTY in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Paylocity
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Software Development Team
81 people
Product Management Team
58 people
Data Analysis and Operations Team
19 people
Finance and Accounting
9 people
Principal Team
8 people
Leadership Team
6 people
Senior Team
5 people
Team Team
5 people
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Funding Insights of Paylocity
Paylocity has successfully raised a total of $37.28M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $27.28 million completed in June 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Paylocity
Paylocity has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Adams Street Partners.
| Investor | Description | Founded Year | Domain | Location |
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Private markets investment management with strategies in equity, credit, and secondary investments.
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Investor details for Paylocity
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Investments & Acquisitions by Paylocity
Paylocity has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Airbase, Blue Marble Payroll and Cloudsnap.
Investment portfolio details for Paylocity
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- Portfolio identities
- Transaction dates
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- Investment values
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Procure-to-pay management software is offered for business operations.
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Locked | Locked | 2017 | Locked | |
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Provider of AI and cloud-based platform for text recruiting
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Locked | Locked | 2017 | Locked | |
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Cloud-based HR and payroll software is provided for small businesses.
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Locked | Locked | 2013 | Locked |
Complete acquisition details for Paylocity
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Paylocity
Detailed financials for Paylocity
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Paylocity Comparisons
Peer comparison for Paylocity
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Competitors of Paylocity
Paylocity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Workday, Gusto, Kronos, SuccessFactors and Justworks, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based HR and financial software is delivered to enterprises.
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Cloud-based HR and payroll solutions are offered for small businesses.
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HCM software solutions for enterprise workforce management are provided.
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Cloud-based human capital management software is delivered globally.
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Benefits administration and payroll management are provided for businesses.
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| Locked | Locked | Locked |
Cloud-based human capital management software is provided for enterprises.
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Detailed competitors of Paylocity
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Paylocity
Complete news archive for Paylocity
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- Source and publication date
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- Brand-specific news history
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Frequently Asked Questions about Paylocity
Paylocity was founded in 1997 and raised its 1st funding round 11 years after it was founded.
Paylocity is headquartered in Arlington Heights, United States. It is registered at Arlington Heights, Illinois, United States.
Paylocity is a funded company, having raised a total of $37.28M across 2 funding rounds to date.
As of Jun 30, 2025, the latest employee count at Paylocity is 6,700.
Annual revenue of Paylocity is $1.6B as on Jun 30, 2025.
Paylocity was founded in 1997 and is headquartered in Arlington Heights, United States. Cloud-based platforms for payroll and human resources management are offered to support business operations. Functions such as expense tracking, payment processing, tax handling, time and attendance monitoring, compliance oversight, performance assessment, compensation planning, and budget control are included. Additional services address benefits administration and employee engagement within the HR technology sector.
Paylocity's top competitors include Workday, Gusto and SuccessFactors.
Yes, Paylocity is publicly traded on NASDAQ under the ticker symbol PCTY.
Paylocity has made 7 acquisitions, including Airbase, Blue Marble Payroll, and Cloudsnap.
Paylocity has 1 investor. Key investors include Adams Street Partners.
The ticker symbol of Paylocity is PCTY on NASDAQ.