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Paylocity

Cloud payroll and HCM for firms with 10 to 5,000 employees, plus Airbase spend tools

Overview

Paylocity Holding Corp., headquartered in Schaumburg, Illinois, provides cloud payroll and HCM software to US employers. Its 10-K for the fiscal year ended 30 June 2026 reports total revenue of US$1.77 billion, up 11% from US$1.60 billion, approximately 44,400 clients (excluding clients gained through acquisitions) and about 6,900 employees[7]. Clients typically have between 10 and 5,000 employees[7].

The platform combines payroll, time and labour, benefits administration, talent management and employee communication tools. In October 2024 Paylocity acquired Airbase, a spend-management company, extending its product into expense management and accounts payable, which lets finance teams manage payroll and non-payroll spend from one vendor[7]. Paylocity positions itself on employee experience and modern interfaces for mid-sized firms. Pricing is not published and is quoted per employee per month. The service is US-focused, so companies with substantial foreign headcount need a separate global payroll provider.

Paylocity features

  • Payroll with tax filing
  • Time, labour and scheduling
  • Benefits administration
  • Airbase spend and AP management
  • Employee communication tools

Paylocity pricing

Quote-based; priced per employee per month in custom contracts.

Paylocity strengths and limitations

Strengths

  • Broad mid-market HCM coverage
  • Spend management added through Airbase
  • Audited growth disclosures
  • Clear focus on 10–5,000 employee firms
  • Payroll, HR and benefits administration in one US-focused suite
  • Long operating history in payroll

Limitations

  • No published pricing
  • US-only payroll
  • Suite contracts can include modules a buyer does not need
  • Less suited to microbusinesses
  • Primarily oriented to US payroll
  • Less relevant to employers with large international workforces

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