Ian Black
Analyst, Niedermann Company
Replay available
Paylocity Holding Corporation (PCTY) Q3 2026 Earnings Call
Paylocity Holding Corporation (NASDAQ: PCTY) Q3 2026 earnings conference call, held 2026-05-07. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Jordan Barretts
Analyst, Jefferies (for Samad Samana)
Jared Levine
Analyst, TD Cohen
John Carl Long
Analyst, Truist (for Terry Tillman)
Devin Au
Analyst, KeyBank Capital Markets (for Jason Salino)
Daniel Jester
Analyst, BMO Capital Markets
Steve Enders
Analyst, Citi
Sheldon McBeans
Analyst, Barclays (for Remo Lencho)
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Paylocity Holding Corporation.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:01.893 always a little bit of timing within the fiscal year. 00:00:01.893 -- 00:00:06.780 And as we talked about, even dating back to last August when we provided our initial 00:00:06.780 -- 00:00:11.306 guidance for the year, we do want to invest back into R&D and broader automation efforts. 00:00:11.306 -- 00:00:15.809 And I think we continue to do that into the fourth quarter as well. 00:00:16.272 -- 00:00:21.239 And so we'll end up seeing that in the R&D line and maybe also in terms of some sales 00:00:21.239 -- 00:00:23.774 and marketing. Is that right? 00:00:23.774 -- 00:00:26.778 Yes, and I think you've seen that as we've gone throughout the year as well. 00:00:26.778 -- 00:00:30.463 So I wouldn't call it any specific one-time items in the fourth quarter, but the bias 00:00:30.463 -- 00:00:35.390 is to invest back into those elements of the business while also increasing profitability, 00:00:35.390 -- 00:00:37.713 and we've done both. 00:00:37.713 -- 00:00:42.016 Great. And then just as a follow-up, you mentioned 00:00:42.099 -- 00:00:47.727 great scale and being able to charge for the AI capabilities. 00:00:47.727 -- 00:00:49.429 Can you talk a little bit about what you're seeing there? 00:00:49.429 -- 00:00:53.972 I know it's really early, and then Anything else on the office of the CFO? 00:00:53.972 -- 00:00:55.536 Thank you. 00:00:55.536 -- 00:00:58.724 We're excited about the Grayscale acquisition. 00:00:58.724 -- 00:01:02.975 Just like prior acquisitions that are product tuck-in in orientation, we'll take the 00:01:02.975 -- 00:01:06.263 time, we're going to integrate that experience, and then we will launch that. 00:01:06.263 -- 00:01:11.526 We typically have done that. It could be in the 12-month or so range, so 00:01:11.52...