Airbase Upsell, Float Income, Buybacks: The Overlooked Catalysts In Paylocity's Model

  • PCTY operates a SaaS subscription model, charging clients a transparent per-employee-per-month rate for payroll and HR services. The business model aligns revenue growth with clients' expanding workforces, creating a scalable and recurring revenue stream. 90% of revenue is recurring, providing strong visibility into future cash flows and financial stability.