Exhibit 99.1 press release Paylocity Announces Third Quarter Fiscal Year 2024 Financial Results Adjusted EBITDA: • Adjusted EBITDA, a non-GAAP measure, was $167.9 million in the third quarter of fiscal year 2024 compared to $130.7 million in the third quarter of fiscal year 2023. SCHAUMBURG, IL. – May 2, 2024 – Paylocity Holding Corporation (Nasdaq: PCTY), a leading provider of cloud-based HCM and payroll software solutions, today announced financial results for the third quarter of fiscal year 2024, which ...

Revenue Growth - Total revenues increased from $273.0 million for the three months ended December 31, 2022 to $326.4 million for the three months ended December 31, 2023, representing a 20% year-over-year increase [85]. - Total revenues increased from $526.3 million for the six months ended December 31, 2022 to $643.9 million for the six months ended December 31, 2023, representing a 22% year-over-year increase [85]. - Total revenues for the three months ended December 31, 2023, increased by $53.4 million, or 20%, to $326.4 million compared to $273.0 million for the same period in 2022 [108]. - Recurring and other revenue for the three months ended December 31, 2023, rose by $42.0 million, or 16%, to $298.4 million from $256.4 million for the same period in 2022 [112]. - Recurring and other revenue for the six months ended December 31, 2023, increased by $88.3 million, or 18%, to $590.1 million from $501.8 million for the same period in 2022 [123]. Profitability Metrics - Adjusted Gross Profit for the three months ended December 31, 2023 was $237.1 million, up from $197.6 million in the same period of 2022 [90]. - Adjusted EBITDA for the three months ended December 31, 2023 was $112.6 million, compared to $77.4 million for the same period in 2022, reflecting a 45% increase [91]. - Operating income for the three months ended December 31, 2023, increased by $31.5 million, or 173%, to $49.7 million compared to $18.2 million for the same period in 2022 [108]. - Net income for the three months ended December 31, 2023, increased by $22.5 million, or 144%, to $38.1 million from $15.6 million for the same period in 2022 [108]. Expenses - Research and development expenses increased from $52.9 million for the three months ended December 31, 2022 to $64.6 million for the same period in 2023 [104]. - Sales and marketing expenses are expected to increase in absolute dollars as the company grows its sales organization and expands marketing activities [101]. - Total operating expenses for the three months ended December 31, 2023, increased by $4.5 million, or 3%, to $169.3 million from $164.7 million for the same period in 2022 [108]. - Cost of revenues for the three months ended December 31, 2023, increased by $17.3 million, or 19%, to $107.4 million from $90.1 million for the same period in 2022 [115]. - General and administrative expenses decreased by $5.2 million, or 5%, to $93.3 million for the six months ended December 31, 2023, from $98.5 million in the prior year [130]. Cash Flow and Financial Position - Net cash provided by operating activities was $137.2 million for the six months ended December 31, 2023, up from $78.8 million in the same period of 2022 [144]. - Net cash used in investing activities decreased to $62.2 million for the six months ended December 31, 2023, from $132.2 million in the prior year [145]. - Net cash provided by financing activities was $629.9 million for the six months ended December 31, 2023, compared to a net cash used of $993.9 million in the same period of 2022 [147]. - As of December 31, 2023, the company had $366.9 million in cash and cash equivalents and $3,271.7 million in funds held for clients [154]. Tax and Interest Rates - The effective tax rate increased to 28.8% for the three months ended December 31, 2023, compared to 14.3% for the same period in 2022 [121]. - The effective tax rate for the six months ended December 31, 2023, was 25.8%, compared to (82.9)% for the same period in 2022 [132]. - Interest income on funds held for clients is expected to benefit from rising interest rates and higher average daily balances due to the addition of new clients [85]. - Interest income on funds held for clients for the three months ended December 31, 2023, increased by $11.4 million, or 69%, to $27.9 million from $16.6 million for the same period in 2022 [113]. Company Strategy and Risks - The company plans to continue investing in research and development to broaden product offerings and extend technological leadership [104]. - The company anticipates gaining economies of scale and increased operating leverage as it grows its client base and related revenues [82]. - The company does not believe inflation has materially affected its business, but significant inflationary pressures could harm its financial condition [158]. - The company is exposed to market risks primarily related to interest rates and general economic conditions in the United States [152]. - The company does not intend to use derivatives to mitigate interest rate exposure [153]. Internal Controls and Compliance - There were no changes to internal control over financial reporting that materially affected the company during the three-month period covered by the report [162]. - Disclosure controls and procedures were evaluated as effective as of December 31, 2023 [161]. - The company's investment policy focuses on generating higher yields while preserving liquidity and capital [154].

Paylocity Holding Corporation (NASDAQ:PCTY) Q2 2024 Earnings Conference Call February 8, 2024 5:30 PM ET Company Participants Ryan Glenn - Chief Financial Officer Steve Beauchamp - Co-Chief Executive Officer Toby Williams - President and Co-Chief Executive Officer Conference Call Participants Joshua Reilly - Needham & Co. LLC Brad Reback - Stifel, Nicolaus & Company, Inc. Samad Samana - Jefferies LLC Patrick Walravens - JMP Securities Terrell Tillman - Truist Securities, Inc. Brian Peterson - Raymond James ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________________________________________________________ Form 10-Q ________________________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Com ...

Paylocity Holding Corporation (NASDAQ:PCTY) Q1 2024 Earnings Conference Call November 2, 2023 5:30 PM ET Company Participants Ryan Glenn - Chief Financial Officer Steve Beauchamp - Co-Chief Executive Officer Toby Williams - Co-Chief Executive Officer Conference Call Participants Scott Berg - Needham & Co. Brian Peterson - Raymond James Brad Reback - Stifel Bryan Bergin - TD Cowen Jared Levine - TD Cowen Mark Marcon - Baird Sheldon McMeans - Barclays Jason Celino - KeyBanc Capital Markets Alex Zukin - Wolfe ...

Table of Contents Commission File Number 001-36348 __________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ FORM 10-K __________________________________________________ x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For t ...

Paylocity Holding Corporation (NASDAQ:PCTY) Q4 2023 Earnings Conference Call August 3, 2023 5:30 PM ET Company Participants Ryan Glenn - CFO & Treasurer Steven Beauchamp - Co-CEO & Director Toby Williams - President, Co-CEO & Director Conference Call Participants Brad Reback - Stifel, Nicolaus & Company Sheldon McMeans - Barclays Bank Bryan Bergin - TD Cowen Terrell Tillman - Truist Securities Aleksandr Zukin - Wolfe Research Jason Celino - KeyBanc Capital Markets Mark Marcon - Robert W. Baird & Co. Owen Ho ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________________________________________________________ Form 10-Q ________________________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2023 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commiss ...

Paylocity Holding Corporation (NASDAQ:PCTY) Q3 2023 Earnings Conference Call May 4, 2023 5:30 PM ET Company Participants Ryan Glenn – Chief Financial Officer Steve Beauchamp – Co-Chief Executive Officer Toby Williams – President and Co-Chief Executive Officer Conference Call Participants Scott Berg – Needham and Co Joe Meares – Truist Brad Reback – Stifel Bryan Bergin – Cowen Mark Marcon – Baird Alex Zukin – Wolfe Research Samad Samana – Jefferies Jason Celino – KeyBanc Capital Markets Robert Simmons – D.A. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ________________________________________________________________________ Form 10-Q ________________________________________________________________________ x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2022 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Comm ...