Paylocity
About
Paylocity is a publicly traded, cloud-based human capital management (HCM) platform founded in 1997 and headquartered in Schaumburg, Illinois. The company provides integrated software solutions spanning HR, payroll, talent management, benefits administration, finance, and IT for mid-market organizations primarily in the United States. Paylocity serves over 41,000 customers and trades on NASDAQ under the ticker symbol PCTY.
Details
VenSearch Intelligence
Ideal Customer
- Paylocity defines its core market as mid-market businesses with between 10 and 1,000 employees, with their own data showing the average client has over 150 employees; observed customer data indicates that 48% of clients have between 51 and 200 employees.
- The platform is particularly well suited for U.S.-headquartered companies seeking a single unified system for payroll, HR, benefits, talent management, and employee engagement without stitching together multiple point solutions.
Key Differentiators
- Paylocity differentiates itself by positioning as the most modern all-in-one HCM platform for mid-market companies, combining core payroll and HR with employee experience tools (Community social feed, peer recognition, video messaging, employee voice) that legacy competitors like ADP and Paychex do not natively offer.
- The 2024 acquisition of Airbase expanded the platform into finance and spend management (AP automation, expense management, corporate cards), giving Paylocity a unique cross-functional footprint spanning HR, payroll, finance, and IT within a single employee record.
Industries Served
- Paylocity formally markets to 11 named verticals on its website: Healthcare, Education, Financial Services, Manufacturing, Nonprofit, Restaurants & Hospitality, Retail & Wholesale, Technology, Transportation & Logistics, Religious Organizations, and Government Services.
- Based on observed customer data, the most concentrated industries are Hospitals & Health Care (approximately 9% of customers), Nonprofit Organizations (approximately 6%), Construction, Banking, and Financial Services.
Service Coverage
- Paylocity is primarily a U.S.-focused business, with its software supporting employers across all 50 states for payroll, HR, and tax compliance, and serving approximately 39,050 U.S.-based clients as of fiscal year 2024 — averaging over 150 employees per client.
- The company is headquartered in Schaumburg, Illinois, with distributed sales, service, and engineering teams and 8 total office locations domestically.
Partnerships
- Paylocity operates a marketplace of 400+ integration partners spanning accounting/ERP, recruiting, benefits administration, identity/IT management, and rewards — including native integrations with QuickBooks Online, Oracle NetSuite, Sage Intacct, Xero, and Concur.
- On the finance side, Paylocity partners with American Express and Silicon Valley Bank for corporate card integration within its Airbase-powered spend management module, and connects with 401(k) providers such as Empower, Vanguard, Fidelity (via third-party connectors), and dozens of benefits carriers.
Company Size & Ownership
- Paylocity was founded in 1997 by Steve Sarowitz as Ameripay Payroll Ltd. and went public on Nasdaq (PCTY) in March 2014.
- As of 2025, the company employs approximately 6,700 people and reported FY2025 total revenue of $1.595 billion, growing from $1.403 billion in FY2024 (19% YoY growth) and $852.7 million in FY2022.
Compliance & Certifications
- Paylocity holds SOC 1 Type II and SOC 2 Type II certifications, audited annually by an independent CPA firm, and is ISO 27001:2022 certified, covering internationally recognized data security and risk management standards.
- The company is HIPAA compliant, signs Business Associate Agreements (BAAs), and performs annual HIPAA risk assessments; it is also PCI compliant and GDPR compliant.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
11 offeringsBenefits Administration
Paylocity's Benefits Administration module streamlines benefit enrollment and updates, manages carrier connections, and supports compliance-related reporting. It also includes flexible benefits options such as FSA and HSA management, as well as retirement plan administration.
Employee Experience
Paylocity's Employee Experience suite includes a Community social feed for internal communications, peer recognition and rewards tools, video messaging, and employee voice surveys. These tools are designed to improve workforce engagement, communication, and culture within the platform.
Global Payroll
Paylocity offers global payroll processing covering over 100 countries, allowing U.S.-based mid-market organizations to manage international employee payroll within the same platform as their domestic payroll. This capability was expanded through the acquisition of Blue Marble Payroll in 2021.
Human Resources
Paylocity's HR module centralizes employee records, document management, and self-service workflows, enabling employees to update personal information, access tax documents, and request time off without HR involvement. It includes a compliance dashboard, interactive compliance training, custom workflow automation, and an HR Edge consulting service for additional HR guidance.
Implementation and Training Services
Paylocity provides implementation, onboarding support, and training services to help new clients configure and deploy the platform. Client services and dedicated support teams are available to assist with ongoing system use, payroll adjustments, and regulatory compliance questions.
Paylocity for Finance
The Finance suite, expanded through the 2024 acquisition of Airbase, provides headcount planning, expense management, accounts payable (AP) automation, corporate cards, and guided procurement tools. It is designed to give organizations full visibility and control across the entire lifecycle of company spend within one platform.
Paylocity for IT
Paylocity's IT suite offers access management and identity provisioning as well as IT asset management, enabling organizations to automate account creation and manage device provisioning without separate systems. It connects IT operations directly to the employee record within the unified Paylocity platform.
Payroll
Paylocity's core payroll solution automates payroll processing for salaried, hourly, and mixed workforces across all 50 U.S. states, including automated tax filing, direct deposit, W-2 and 1099 processing, and garnishment managed services. It also offers on-demand payment, allowing employees to access earned wages before payday, and includes global payroll support for over 100 countries.
Talent Management
Paylocity's Talent suite includes recruiting with an applicant tracking system (ATS), onboarding automation, performance reviews, compensation and pay planning, succession planning, and a learning management system (LMS) for employee training and development. It is designed to help organizations attract, develop, and retain employees within a single platform.
Tax Services
Paylocity's Tax Services offering handles the filing and remittance of payroll taxes on behalf of clients across every state and locality where they have employees. As an IRS-registered reporting agent, Paylocity manages multi-state and local tax compliance automatically as part of its payroll platform.
Time and Labor
The Time and Labor suite covers time and attendance tracking, employee scheduling, and time collection including mobile clock-in options with geofencing. It integrates directly with payroll to automate the flow of hours, overtime calculations, and labor allocation data.
Considering Paylocity?
Our team will work with you to determine if Paylocity is the right fit for your organization. From research and assessment through procurement negotiation and ongoing vendor management — we handle the entire process at no cost to you.