Paylocity Holding Corporation logo PCTY - Paylocity Holding Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 30
HOLD 11
SELL 0
STRONG
SELL
0
| PRICE TARGET: $147.09 DETAILS
HIGH: $193.00
LOW: $115.00
MEDIAN: $150.00
CONSENSUS: $147.09
UPSIDE: 30.15%
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Revenue
Revenue 502.3 416.1 408.2 400.7 454.5 377.0 317.6 357.3 401.3 326.4 363.0 308.5 339.9 273.0 253.3 228.9 246.0 196.0 181.7 167.5 186.1 146.3 135.8 130.6 171.6 132.4 126.7 120.4 139.6 107.2 100.5 96.6 113.4 86.0 81.5 76.1 90.3 68.7 65.0 59.8 70.6 40.0 47.3 34.3 31.1 28.6 33.8 23.9 22.4 20.3 24.0 17.2 15.8
Cost of Revenue 139.1 134.0 128.4 128.9 129.9 124.5 101.5 116.9 116.0 107.4 115.0 96.7 95.7 90.1 84.5 77.4 75.5 70.8 63.2 59.0 57.3 53.5 49.4 45.9 48.1 45.4 42.6 40.1 39.7 38.1 35.9 38.7 38.7 36.8 35.0 33.2 32.1 30.4 28.4 26.6 27.2 18.1 19.3 18.0 15.5 15.1 14.9 13.3 11.7 10.9 10.7 9.5 8.5
Gross Profit 363.2 282.1 279.8 271.9 324.7 252.4 216.1 240.4 285.3 219.0 248.0 211.7 244.1 182.9 168.7 151.6 170.4 125.2 118.4 108.4 128.7 92.8 86.4 84.7 123.6 87.0 84.1 80.3 99.8 69.1 64.6 57.9 74.8 49.2 46.5 42.9 58.2 38.3 36.7 33.3 43.4 21.9 28.0 16.3 15.7 13.5 18.8 10.6 10.6 9.4 13.3 7.7 7.3
Operating Expenses
R&D Expenses 52.5 57.7 55.6 51.0 51.4 56.2 44.6 44.2 43.4 46.1 47.3 40.5 42.3 41.0 40.1 28.9 25.7 25.3 23.1 20.3 18.5 19.3 18.6 17.4 15.6 15.4 14.4 13.4 12.7 12.8 11.4 10.4 9.1 9.3 8.9 7.6 7.0 7.2 7.3 7.7 6.8 5.5 5.1 5.3 4.0 3.6 2.4 2.3 2.0 1.9 1.9 1.7 2.2
SG&A Expenses 153.7 154.0 150.0 154.6 146.3 149.7 130.3 133.3 135.6 123.1 136.6 121.8 121.4 123.7 121.6 103.8 97.4 91.8 85.1 79.0 71.1 67.1 64.3 61.0 60.2 65.4 63.7 57.6 50.9 49.3 49.4 52.6 45.2 39.8 37.1 38.7 36.3 32.7 31.9 30.5 30.4 20.6 21.2 17.5 16.5 16.2 14.3 10.7 9.1 8.3 8.8 7.1 6.6
Other Expenses 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 206.4 211.8 205.6 205.6 197.7 205.8 174.9 177.5 179.0 169.3 183.9 162.4 163.8 164.7 161.6 132.7 123.1 117.1 108.2 99.3 89.6 86.4 83.0 78.4 75.8 80.8 78.1 71.1 63.6 62.1 60.8 63.0 54.3 49.0 46.0 46.3 43.3 39.9 39.2 38.3 37.2 26.2 26.3 22.7 20.6 19.8 16.7 13.0 11.1 10.3 10.7 8.8 7.9
Operating Income
Operating Income 158.3 70.6 74.2 66.2 127.0 46.6 41.2 62.9 106.3 49.7 64.1 49.4 80.4 18.2 7.1 18.8 47.4 8.1 10.3 9.1 39.1 6.4 3.4 6.3 47.7 6.1 6 9.2 36.2 7.0 3.8 (5.2) 20.5 0.1 0.5 (3.4) 14.9 (1.6) (2.5) (5.0) 6.2 (4.3) 1.7 (6.5) (4.9) (6.3) 2.1 (2.4) (0.4) (0.9) 2.6 (1.1) (0.6)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0
Profitability
EBITDA 185.6 98.0 102.4 92.7 153.0 72.3 62.7 83.6 126.6 68.1 81.3 65.7 95.8 33.0 21.4 32.6 60.4 20.2 21.6 20.0 50.1 17.2 13.7 16.4 57.3 15.4 14.9 18.6 44.6 15.6 12.0 4.4 27.7 6.9 7.2 2.9 20.5 3.2 1.8 (1.0) 9.9 (1.9) 3.8 (4.2) (3.0) (4.5) 3.8 (0.9) 1.0 0.6 4.0 (0.5) 0.8
EBIT 158.3 70.2 74.9 66.2 127.0 46.6 41.2 62.9 106.3 49.7 64.1 49.4 80.4 18.2 7.1 18.8 47.4 8.1 10.3 9.1 39.1 6.4 3.4 6.3 47.7 6.1 6 9.2 36.2 7.0 3.8 (5.2) 20.5 0.1 0.5 (3.4) 14.9 (1.6) (2.5) (5.0) 6.2 (4.3) 1.7 (6.5) (4.9) (6.3) 2.1 (2.4) (0.4) (0.9) 2.6 (1.1) (0.6)
Income Before Tax 157.0 70.2 74.9 66.8 126.6 46.8 44.4 68.5 110.6 53.5 68.9 52.0 81.5 18.2 6.9 18.6 47.1 7.8 10.1 9.0 38.9 6.0 3.2 6.1 48.2 6.4 6.5 9.9 36.8 7.4 4.0 (4.8) 20.7 0.3 0.6 (3.4) 14.8 (1.6) (2.5) (5.4) 6.1 (4.4) 1.8 (6.4) (4.8) (6.3) 2.2 (2.4) (0.4) (0.9) 2.6 (1.1) (0.7)
Income Tax Expense 45.8 20.0 26.9 18.2 35.1 9.4 9.9 19.7 25.3 15.4 19.3 14.7 23.9 2.6 (23.4) 3.5 12.2 (2.1) (20.8) (2.9) 2.1 (3.7) (9.3) 1.1 8.0 0.9 (7.4) (0.4) 8.7 1.7 (5.8) (3.3) (18.5) (0.2) 0.1 0.5 0.0 0.0 0.1 0.0 (0.0) 0.0 0.0 0.0 0.0 0.5 1.0 (0.9) (0.4) (0.5) 0.6 0.4 0.3
Net Income 111.2 50.2 48.0 48.6 91.5 37.5 34.5 48.8 85.3 38.1 49.6 37.3 57.6 15.6 30.4 15.1 34.8 9.9 30.9 11.9 36.8 9.6 12.5 5.0 40.1 5.5 13.9 10.2 28.0 5.7 9.9 (1.6) 39.2 0.4 0.5 (3.8) 14.8 (1.7) (2.6) (5.4) 6.2 (4.4) 1.8 (6.4) (4.9) (6.7) 1.1 (1.5) (0.0) (0.4) 2.0 (1.4) (1.1)
Per Share Data
EPS (Basic) 2.06 0.93 0.87 0.88 1.64 0.67 0.89 0.87 1.51 0.68 0.89 0.67 1.03 0.28 0.55 0.27 0.63 0.18 0.56 0.22 0.68 0.18 0.23 0.09 0.75 0.10 0.26 0.19 0.53 0.11 0.19 -0.03 0.74 0.01 0.01 -0.07 0.29 -0.03 -0.05 -0.11 0.12 -0.09 0.03 -0.13 -0.10 -0.14 0.01 -0.03 -0.00 -0.01 0.03 -0.04 -0.04
EPS (Diluted) 2.04 0.91 0.86 0.86 1.61 0.66 0.88 0.86 1.50 0.67 0.88 0.66 1.02 0.28 0.54 0.27 0.62 0.17 0.55 0.21 0.65 0.17 0.22 0.09 0.72 0.10 0.25 0.18 0.51 0.10 0.18 -0.03 0.71 0.01 0.01 -0.07 0.27 -0.03 -0.05 -0.11 0.12 -0.09 0.03 -0.13 -0.10 -0.14 0.01 -0.03 -0.00 -0.01 0.03 -0.04 -0.04
Shares Outstanding 54.3 54.5 55.0 55.3 55.8 55.8 55.6 56.2 56.4 56.2 56.0 55.9 55.8 55.7 55.5 55.2 55.1 55.1 54.8 54.5 54.4 54.3 54.0 53.7 53.6 53.5 53.3 53.0 52.9 52.8 52.9 52.7 52.6 52.5 51.9 51.6 51.4 51.4 51.2 48.7 51.0 50.6 50.5 49.4 48.8 49.5 44.4 48.9 44.2 44.2 43.9 32.0 32.0
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3
Current Assets
Cash & Cash Equivalents 299.7 162.5 165.2 398.1 477.8 482.4 778.5 401.8 492.7 366.9 305.0 288.8 233.7 120.1 65.5 139.8 96.5 84.1 66.4 202.3 175.5 218.7 221.5 250.9 114.3 75.9 100.5 132.5 90.9 84.1 63.7 137.2 129.5 111.0 97.4 103.5 101.5 82.3 78.0 86.5 89.7
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.2 4.5 6.8 13.6 18.6 34.6 66.3 69.8 29.1 29.3 48.2 19.9 21.2 0 0 0 0 0 0 0 0 0 0
Net Receivables 48.4 44.0 41.7 41.6 43.6 43.5 34.3 33.0 33.7 32.5 30.1 25.1 27.4 24.5 21.5 15.8 17.8 9.8 8.1 6.3 9.2 6.1 4.7 4.9 5.8 4.3 3.9 4.4 5.1 4.3 3.0 3.5 3.4 2.7 2.6 2.0 2.2 2.1 1.8 1.7 1.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 171.8 177.2 180.5 2,872.3 3,581.6 3,711.4 2,483.4 3,089.7 3,720.1 3,407.3 2,647.8 2,734.6 3,304.9 3,134.3 2,363.5 4,047.3 4,379.3 1,970.4 3,232.4 1,803.9 2,092.6 2,241.7 1,413.1 1,359.6 1,758.3 1,871.4 1,178.2 1,416.1 1,742.1 1,276.4 1,184.4 1,225.6 1,347.5 1,345.7 942.0 942.5 1,170.3 1,092.5 770.9 1,239.6 1,423.4
Total Current Assets 519.9 383.7 387.4 3,312.0 4,103.0 4,237.3 3,296.3 3,524.5 4,246.5 3,806.7 2,982.9 3,048.4 3,566.0 3,309.0 2,479.6 4,231.7 4,517.0 2,087.1 3,332.0 2,032.9 2,298.3 2,495.8 1,673.0 1,663.2 1,958.0 2,034.4 1,325.7 1,596.2 1,908.1 1,397.3 1,286.5 1,378.2 1,497.4 1,466.9 1,055.4 1,062.8 1,287.1 1,188.1 857.1 1,335.2 1,521.9
Non-Current Assets
Property, Plant & Equipment 91.7 88.2 87.1 90.2 91.6 93.2 91.1 94.4 96.5 100.6 106.2 108.1 105.1 106.1 108.6 112.0 114.8 112.0 106.5 103.8 107.3 109.5 113.1 115.4 118.9 122.7 123.4 70.1 64.9 62.7 61.8 62.0 50.4 48.4 45.0 40.8 34.3 33.6 28.7 26.8 24.9
Goodwill 343.2 343.2 343.2 343.1 342.8 342.9 108.9 108.9 108.5 109.6 102.1 102.1 102.1 102.1 102.1 101.9 102.2 68.3 68.0 33.6 33.2 33.2 21.7 21.7 9.6 9.6 9.6 9.6 9.6 9.6 9.6 9.6 9.8 6.0 6.0 6.0 6.0 6.0 6.0 6.0 6.0
Intangible Assets 77.1 82.2 87.4 225.0 227.4 227.9 147.7 144.7 141.5 135.7 127.5 120.7 115.5 111.0 109.4 107.5 106.0 88.3 85.9 58.0 56.8 55.7 51.7 49.9 43.1 41.2 39.8 38.2 35.9 35.0 34.5 34.1 33.5 27.0 26.5 26.3 26.0 24.6 23.1 21.8 21.0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 4,400.6 6,061.2 3,316.9 401.4 385.1 372.9 363.7 355.1 340.8 323.5 311.7 300.6 287.2 269.0 252.2 236.8 217.5 198.2 186.5 174.9 160.7 147.2 139.3 130.6 120.1 107.7 92.8 83.4 76.5 67.9 62.2 1.5 1.0 1.1 1.3 1.5 1.6 0.6 0.5 0.8 0.9
Total Non-Current Assets 4,924.5 6,589.1 3,848.8 1,077.5 1,065.0 1,056.5 728.5 721.0 706.5 686.0 663.9 647.2 627.5 628.8 615.5 577.3 562.2 501.5 479.5 382.0 365.2 355.1 331.8 322.5 298.9 289.0 272.7 207.8 186.8 183.0 177.6 129.4 113.5 82.4 78.8 74.6 67.9 64.9 58.3 55.5 52.8
Total Assets 5,444.4 6,972.8 4,236.1 4,389.4 5,168.0 5,293.8 4,024.8 4,245.5 4,953.0 4,492.7 3,646.8 3,695.7 4,193.5 3,937.8 3,095.1 4,809.0 5,079.2 2,588.6 3,811.5 2,414.9 2,663.6 2,851.0 2,004.9 1,985.6 2,256.9 2,323.4 1,598.5 1,803.9 2,095.0 1,580.4 1,464.1 1,507.6 1,610.9 1,549.3 1,134.3 1,137.4 1,354.9 1,252.9 915.4 1,390.7 1,574.6
Current Liabilities
Account Payables 12.3 7.3 6.0 17.3 8.7 5.5 16.0 8.6 5.2 8.0 8.7 6.2 8.0 7.6 6.2 8.4 5.1 6.6 6.9 4.2 3.3 2.8 3.2 1.8 3.6 3.7 5.1 4.0 5.3 3.5 3.6 3.0 2.4 1.8 1.9 2.0 1.6 3.1 2.8 1.6 0.9
Short-Term Debt 9.4 8.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 39.0 43.4 38.6 35.7 37.6 41.1 27.4 25.9 27.5 30.3 26.1 24.5 23.5 23.5 16.8 13.5 14.3 11.8 10.2 9.4 9.6 9.1 8.8 8.8 8.3 7.4 6.2 5.6 5.2 0 0 0.7 0 0 0 0 0 0 0 0 0
Other Current Liabilities 3,871.0 5,537.7 2,765.1 2,694.8 3,422.6 3,538.1 2,328.7 2,950.4 3,589.4 3,267.8 2,531.8 2,625.4 3,202.4 3,065.7 2,299.4 3,987.8 4,324.6 1,920.1 3,185.5 1,759.7 2,051.9 2,204.3 1,379.0 1,327.3 1,729.2 1,845.3 1,154.5 1,394.5 1,722.3 1,258.8 1,168.2 1,225.6 1,347.5 1,345.7 942.0 942.5 1,170.7 1,092.7 771.8 1,239.6 1,423.3
Total Current Liabilities 4,037.8 5,678.1 2,945.3 2,905.3 3,625.0 3,705.6 2,500.7 3,117.4 3,765.2 3,422.9 2,672.2 2,774.8 3,354.7 3,189.1 2,411.6 4,120.5 4,438.4 2,006.2 3,273.4 1,867.0 2,138.4 2,271.3 1,444.5 1,408.9 1,796.8 1,911.9 1,211.1 1,456.0 1,776.0 1,305.5 1,207.4 1,270.8 1,385.4 1,376.6 970.6 974.8 1,199.1 1,117.7 792.0 1,266.2 1,448.8
Non-Current Liabilities
Long-Term Debt 81.2 125.3 81.2 162.5 243.8 325 325 0 0 0 0 0 0 0 0 0 0 0 0 0 0 100 100 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 88.2 62.4 51.4 32.6 33.6 35.6 41.0 41.8 33.5 27.9 17.7 11.8 2.2 2.2 2.2 2.2 1.8 1.8 1.9 1.8 0 0 0.4 8.8 9.2 1.7 0.2 6.9 0.9 0 0 0 0 0.3 0.4 0.4 0.4 0.4 0.3 0.2 0.6
Other Non-Current Liabilities 12.4 (35.3) 8.5 8.6 7.9 6.3 6.5 6.4 6.0 4.2 3.6 3.7 3.8 3.3 3.4 3.7 2.4 2.1 1.9 2.0 1.9 1.8 1.7 1.7 1.7 1.4 1.4 33.0 31.8 23.9 24.1 23.9 21.0 14.2 14.5 14.6 9.6 9.5 4.5 4.6 4.6
Total Non-Current Liabilities 225.8 196.4 187.3 250.4 334.2 416.0 418.2 95.0 88.4 83.1 81.9 78.0 70.1 70.9 72.7 75.0 75.4 75.7 70.5 70.9 70.6 171.5 173.5 183.8 85.7 80.0 77.9 39.9 32.7 23.9 24.1 23.9 21.0 14.6 15.0 15.0 10.0 9.9 4.8 4.9 5.2
Total Liabilities 4,263.6 5,874.5 3,132.7 3,155.7 3,959.2 4,121.6 2,918.9 3,212.4 3,853.6 3,505.9 2,754.1 2,852.8 3,424.8 3,260.0 2,484.3 4,195.6 4,513.8 2,081.9 3,344.0 1,938.0 2,208.9 2,442.7 1,618.0 1,592.7 1,882.6 1,991.9 1,289.0 1,496.0 1,808.8 1,329.4 1,231.5 1,294.8 1,406.3 1,391.2 985.5 989.8 1,209.1 1,127.6 796.8 1,271.1 1,454.0
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Retained Earnings 1,110.0 998.8 948.6 900.6 852.0 760.5 723.0 673.5 624.6 539.3 501.2 466.7 429.4 371.8 356.2 325.9 310.7 275.9 266.0 235.1 223.2 186.4 176.7 164.3 159.3 119.2 113.7 99.8 89.6 61.5 55.8 (6.7) (5.1) (44.3) (44.7) (45.3) (41.4) (56.2) (54.6) (52.0) (46.6)
Accumulated Other Comprehensive Income 1.2 6.3 6.3 5.6 3.7 0.2 5.9 (0.9) (0.7) 0.5 (4.4) (4.5) (2.2) (4.2) (4.7) (2.3) (1.6) (0.3) (0.0) 0.1 0.1 0.3 0.5 0.7 (0.1) 0.1 0.1 0.1 0.0 (0.1) (0.1) (0.1) (0.2) (0.1) (0.0) (25.4) (24.2) (22.1) (20.2) (18.5) (17.5)
Total Stockholders' Equity 1,180.7 1,098.3 1,103.5 1,233.7 1,208.7 1,172.1 1,105.9 1,033.1 1,099.4 986.8 892.6 842.9 768.7 677.8 610.8 613.5 565.4 506.7 467.6 476.9 454.6 408.2 386.8 392.9 374.4 331.6 309.5 308.0 286.2 250.9 232.6 212.8 204.5 158.2 148.7 147.6 145.8 125.3 118.6 119.6 120.6
Total Liabilities & Equity 5,444.4 6,972.8 4,236.1 4,389.4 5,168.0 5,293.8 4,024.8 4,245.5 4,953.0 4,492.7 3,646.8 3,695.7 4,193.5 3,937.8 3,095.1 4,809.0 5,079.2 2,588.6 3,811.5 2,414.9 2,663.6 2,851.0 2,004.9 1,985.6 2,256.9 2,323.4 1,598.5 1,803.9 2,095.0 1,580.4 1,464.1 1,507.6 1,610.9 1,549.3 1,134.3 1,137.4 1,354.9 1,252.9 915.4 1,390.7 1,574.6
Debt Metrics
Total Debt 134.6 177.5 135.5 217.9 301.0 382.1 378.3 54.4 56.9 59.2 69.0 70.3 71.7 73.9 75.4 77.5 79.4 78.3 74.4 74.8 76.5 177.4 179.4 181.4 82.9 84.6 84.1 1.5 1.1 1.5 1.8 2.1 0 0 0 0 0 0 0 0 0
Net Debt (165.2) 15.0 (29.6) (180.2) (176.8) (100.2) (400.2) (347.4) (435.8) (307.7) (236.0) (218.5) (162.0) (46.2) 9.9 (62.2) (17.0) (5.8) 8.0 (127.5) (99.0) (41.2) (42.1) (69.5) (31.5) 8.7 (16.5) (131.0) (89.7) (82.6) (61.9) (135.1) (129.5) (111.0) (97.4) (103.5) (101.5) (82.3) (78.0) (86.5) (89.7)
Metric 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3
Operating Activities
Net Income 111.2 50.2 48.0 48.6 91.5 37.5 49.6 48.8 85.3 38.1 34.5 37.3 57.6 15.6 30.4 15.1 34.8 9.9 30.9 11.9 36.8 9.6 12.5 5.0 40.1 5.5 13.9 10.2 28.0 5.7 9.9 (1.6) 39.2 0.4 0.5 (3.8) 14.8 (1.7) (2.6) (5.4) 6.2
Depreciation & Amortization 27.3 27.8 27.5 26.5 26.0 25.7 21.6 20.6 20.3 18.4 17.1 16.4 15.4 14.8 14.3 13.8 13.0 12.1 11.3 10.9 11.0 10.8 10.2 10.1 9.6 9.3 8.9 9.4 8.4 8.6 8.2 9.6 7.2 6.8 6.7 6.3 5.6 4.8 4.3 4.0 3.7
Stock-Based Compensation 0 42.2 37.8 30.3 35.3 43.7 33.5 0 0 43.2 39.0 31.3 32.6 43.6 0 26.0 24.4 26.2 19.6 16.1 16.0 16.7 14.3 13.1 9.5 12.8 0 9.9 9.3 10.1 9.4 8.5 7.5 7.8 6.6 8.0 6.2 6.6 5.8 4.4 4.7
Change in Working Capital 17.5 (14.6) (49.2) (17.5) 34.5 10.5 (10.5) (30.0) 23.7 (29.4) (32.9) (19.2) 0.7 (14.5) (44.3) (9.2) (6.2) (15.5) (45.3) 2.9 (0.3) (12.9) (29.5) (3.5) (16.2) (0.4) (18.8) 7.3 (9.0) 1.2 (14.2) 15.3 (0.2) 11.0 (5.6) 8.0 1.2 3.6 (5.7) 0.5 3.5
Other Non-Cash Items 32.1 0.4 0.3 0.2 0.3 (65.5) (0.1) 31.1 35.0 (5.1) (1.0) (1.3) (1.1) 0.3 38.6 0.1 0.3 0.5 0.2 0.3 0.2 0.7 0.3 0.0 (0.3) (0.3) 11.0 (0.5) (0.6) (0.3) (0.1) 0.0 0.0 0.1 (0.1) 0.1 0.1 0.1 0.0 0.5 0.1
Operating Cash Flow 217.9 117.0 86.5 86.6 186.0 54.2 91.5 79.9 167.5 75.1 62.1 76.6 127.3 62.4 15.5 49.7 78.5 31.0 (4.1) 39.1 66.1 21.2 (1.6) 25.9 50.7 27.8 7.6 35.9 44.9 27.0 7.3 28.5 35.2 26.0 8.2 18.6 27.9 13.5 1.9 3.9 18.3
Investing Activities
Capital Expenditure (8.4) (3.4) (3.8) (22.3) (2.3) (3.0) (2.3) (22.6) (20.6) (18.0) (17.6) (27.4) (13.1) (13.0) (3.4) (10.9) (13.1) (16.1) (12.4) (8.2) (8.9) (10.9) (9.9) (8.5) (9.3) (9.8) (8.0) (7.1) (7.4) (9.5) (7.4) (16.5) (5.7) (8.7) (6.4) (11.0) (7.7) (10.5) (5.8) (6.9) (6.9)
Acquisitions 0 0 0 0 0.1 (278.0) 0 0 (0.0) (12.0) 0 0 0 0 0 0 (47.3) (0.7) (59.6) 0 0 (15.0) 0 (16.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 (0.3)
Purchases of Investments (144.7) (84.9) (30.5) (139.2) (55.7) (45.9) (20.2) (72.8) (66.9) (72.2) (92.6) (41.5) (261.3) (177.1) (118.9) (218.4) (25.5) (54.2) (135.8) 0 0 0 0 0 (146.4) (190.3) (63.6) (40.3) (93.3) (41.2) (75.8) (70.4) (31.0) (36.4) (58.8) 0 0 0 0 183.4 (539.8)
Sales/Maturities of Investments 142.3 94.1 32.4 37.1 43.0 55.0 25.0 71.7 71.9 49.6 101.2 148.6 107.9 147.4 42.9 31.0 25.5 50.7 9.6 19.0 23.5 21.5 37.5 159.8 126.0 79.6 45.2 84.9 72.4 32.4 56.4 21.8 28.1 22.8 0.4 0 0 0 0 (46.9) (1.7)
Other Investing Activities 2.2 (31.1) (0.3) (2.6) 3.3 (1.3) (0.6) (1.9) 1.4 (0.2) (0.4) (1.1) 0.0 0.0 0 0 (2.5) 0 0 0 0 0 0 0 0 0 0 (6.7) 23.7 (80.3) 55.8 165.4 (6.9) (394.6) 57.5 225.0 (77.9) (321.5) 468.7 180.8 1.7
Investing Cash Flow (26.2) (9.8) (17.7) (127.0) (27.6) (287.6) (13.3) (25.5) (14.2) (52.8) (9.4) 78.6 (166.6) (42.7) (89.5) (198.4) (63.0) (20.2) (198.2) 10.7 14.6 (4.4) 27.6 134.6 (29.6) (120.5) (33.2) 30.8 (4.6) (98.6) 29.1 100.3 (15.4) (416.9) (7.3) 214.0 (85.5) (332.0) 462.8 176.4 (547.1)
Financing Activities
Net Debt Issuance 0 0 (81.2) (81.2) (81.2) 0 325 0 0 0 0 0 0 0 0 0 0 0 0 (100) 0 0 0 100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (50) (100) (200) (58.6) (82.7) (8.4) 0 (150) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) (34.7) 0 0 0 0 0 0 0 0 (1.8) (0.4)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (1,673.2) 2,723.8 51.6 (738.7) (128.0) 1,151.7 (643.3) (645.5) 297.6 742.8 (122.4) (581.2) 131.9 761.0 (1,762.4) (338.0) 2,403.1 (1,271.8) 1,365.0 (204.7) (259.3) 814.0 18.3 (407.7) (123.3) 689.6 (264.7) (331.3) 460.7 89.6 (75.3) (123.4) (1.2) 402.5 (6.9) (232.6) 76.8 316.4 (468.7) (183.6) 539.5
Financing Cash Flow (1,723.2) 2,633.4 (229.7) (869.4) (292.0) 1,153.8 (318.3) (785.9) 297.6 752.3 (122.4) (572.7) 131.9 769.4 (1,762.4) (331.2) 2,403.1 (1,264.5) 1,365.0 (298.5) (259.3) 820.1 18.3 (302.7) (123.3) 693.5 (264.7) (328.1) 460.7 92.1 (109.9) (121.1) (1.2) 404.5 (6.9) (230.7) 76.8 322.8 (473.2) (183.6) 539.5
Cash Position
Net Change in Cash 137.2 (2.7) (232.9) (79.7) (4.6) (296.2) 376.7 (90.9) 125.8 61.9 16.3 55.1 113.6 54.6 (74.3) 43.3 12.4 17.7 (135.9) 26.8 (43.2) (2.8) (29.3) 136.5 38.4 (24.6) (31.9) 41.6 6.7 20.5 (73.5) 7.7 18.5 111.0 97.4 103.5 0 0 0 (3.2) 10.7
Cash at Beginning 162.5 165.2 398.1 477.8 482.4 778.5 401.8 492.7 366.9 305.0 288.8 233.7 120.1 65.5 139.8 96.5 84.1 66.4 202.3 175.5 218.7 221.5 250.9 114.3 75.9 100.5 132.5 90.9 84.1 63.7 137.2 129.5 111.0 0 0 0 0 0 0 89.7 79.0
Cash at End 299.7 162.5 165.2 398.1 477.8 482.4 778.5 401.8 492.7 366.9 305.0 288.8 233.7 120.1 65.5 139.8 96.5 84.1 66.4 202.3 175.5 218.7 221.5 250.9 114.3 75.9 100.5 132.5 90.9 84.1 63.7 137.2 129.5 111.0 97.4 103.5 101.5 82.3 78.0 86.5 89.7
Free Cash Flow 209.5 113.6 82.7 64.3 183.7 51.2 89.1 57.3 146.9 57.1 44.5 49.2 114.3 49.4 12.1 38.7 65.4 14.9 (16.5) 30.9 57.1 10.3 (11.5) 17.4 41.5 18.0 (0.4) 28.8 37.5 17.4 (0.1) 12.0 29.5 17.3 1.8 7.7 20.3 3.0 (4.0) (3.0) 11.3
Key Metrics 2026 Q3 2026 Q2 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1
Income Statement
Revenue 502.3 416.1 408.2 400.7 454.5 377.0 317.6 357.3 401.3 326.4 363.0 308.5 339.9 273.0 253.3 228.9 246.0 196.0 181.7 167.5 186.1 146.3 135.8 130.6 171.6 132.4 126.7 120.4 139.6 107.2 100.5 96.6 113.4 86.0 81.5 76.1 90.3 68.7 65.0 59.8 70.6 40.0 47.3 34.3 31.1 28.6 33.8 23.9 22.4 20.3 24.0 17.2 15.8
Gross Profit 363.2 282.1 279.8 271.9 324.7 252.4 216.1 240.4 285.3 219.0 248.0 211.7 244.1 182.9 168.7 151.6 170.4 125.2 118.4 108.4 128.7 92.8 86.4 84.7 123.6 87.0 84.1 80.3 99.8 69.1 64.6 57.9 74.8 49.2 46.5 42.9 58.2 38.3 36.7 33.3 43.4 21.9 28.0 16.3 15.7 13.5 18.8 10.6 10.6 9.4 13.3 7.7 7.3
Operating Income 158.3 70.6 74.2 66.2 127.0 46.6 41.2 62.9 106.3 49.7 64.1 49.4 80.4 18.2 7.1 18.8 47.4 8.1 10.3 9.1 39.1 6.4 3.4 6.3 47.7 6.1 6 9.2 36.2 7.0 3.8 (5.2) 20.5 0.1 0.5 (3.4) 14.9 (1.6) (2.5) (5.0) 6.2 (4.3) 1.7 (6.5) (4.9) (6.3) 2.1 (2.4) (0.4) (0.9) 2.6 (1.1) (0.6)
Net Income 111.2 50.2 48.0 48.6 91.5 37.5 34.5 48.8 85.3 38.1 49.6 37.3 57.6 15.6 30.4 15.1 34.8 9.9 30.9 11.9 36.8 9.6 12.5 5.0 40.1 5.5 13.9 10.2 28.0 5.7 9.9 (1.6) 39.2 0.4 0.5 (3.8) 14.8 (1.7) (2.6) (5.4) 6.2 (4.4) 1.8 (6.4) (4.9) (6.7) 1.1 (1.5) (0.0) (0.4) 2.0 (1.4) (1.1)
EPS (Diluted) 2.04 0.91 0.86 0.86 1.61 0.66 0.88 0.86 1.50 0.67 0.88 0.66 1.02 0.28 0.54 0.27 0.62 0.17 0.55 0.21 0.65 0.17 0.22 0.09 0.72 0.10 0.25 0.18 0.51 0.10 0.18 -0.03 0.71 0.01 0.01 -0.07 0.27 -0.03 -0.05 -0.11 0.12 -0.09 0.03 -0.13 -0.10 -0.14 0.01 -0.03 -0.00 -0.01 0.03 -0.04 -0.04
Balance Sheet
Cash & Equivalents 299.7 162.5 165.2 398.1 477.8 482.4 778.5 401.8 492.7 366.9 305.0 288.8 233.7 120.1 65.5 139.8 96.5 84.1 66.4 202.3 175.5 218.7 221.5 250.9 114.3 75.9 100.5 132.5 90.9 84.1 63.7 137.2 129.5 111.0 97.4 103.5 101.5 82.3 78.0 86.5 89.7
Total Assets 5,444.4 6,972.8 4,236.1 4,389.4 5,168.0 5,293.8 4,024.8 4,245.5 4,953.0 4,492.7 3,646.8 3,695.7 4,193.5 3,937.8 3,095.1 4,809.0 5,079.2 2,588.6 3,811.5 2,414.9 2,663.6 2,851.0 2,004.9 1,985.6 2,256.9 2,323.4 1,598.5 1,803.9 2,095.0 1,580.4 1,464.1 1,507.6 1,610.9 1,549.3 1,134.3 1,137.4 1,354.9 1,252.9 915.4 1,390.7 1,574.6
Total Debt 134.6 177.5 135.5 217.9 301.0 382.1 378.3 54.4 56.9 59.2 69.0 70.3 71.7 73.9 75.4 77.5 79.4 78.3 74.4 74.8 76.5 177.4 179.4 181.4 82.9 84.6 84.1 1.5 1.1 1.5 1.8 2.1 0 0 0 0 0 0 0 0 0
Stockholders' Equity 1,180.7 1,098.3 1,103.5 1,233.7 1,208.7 1,172.1 1,105.9 1,033.1 1,099.4 986.8 892.6 842.9 768.7 677.8 610.8 613.5 565.4 506.7 467.6 476.9 454.6 408.2 386.8 392.9 374.4 331.6 309.5 308.0 286.2 250.9 232.6 212.8 204.5 158.2 148.7 147.6 145.8 125.3 118.6 119.6 120.6
Cash Flow
Operating Cash Flow 217.9 117.0 86.5 86.6 186.0 54.2 91.5 79.9 167.5 75.1 62.1 76.6 127.3 62.4 15.5 49.7 78.5 31.0 (4.1) 39.1 66.1 21.2 (1.6) 25.9 50.7 27.8 7.6 35.9 44.9 27.0 7.3 28.5 35.2 26.0 8.2 18.6 27.9 13.5 1.9 3.9 18.3
Capital Expenditure (8.4) (3.4) (3.8) (22.3) (2.3) (3.0) (2.3) (22.6) (20.6) (18.0) (17.6) (27.4) (13.1) (13.0) (3.4) (10.9) (13.1) (16.1) (12.4) (8.2) (8.9) (10.9) (9.9) (8.5) (9.3) (9.8) (8.0) (7.1) (7.4) (9.5) (7.4) (16.5) (5.7) (8.7) (6.4) (11.0) (7.7) (10.5) (5.8) (6.9) (6.9)
Free Cash Flow 209.5 113.6 82.7 64.3 183.7 51.2 89.1 57.3 146.9 57.1 44.5 49.2 114.3 49.4 12.1 38.7 65.4 14.9 (16.5) 30.9 57.1 10.3 (11.5) 17.4 41.5 18.0 (0.4) 28.8 37.5 17.4 (0.1) 12.0 29.5 17.3 1.8 7.7 20.3 3.0 (4.0) (3.0) 11.3