0001591698-25-000087 | 10-K | XBRL Viewer

Cash and Cash Equivalents and Funds Held for Clients - Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Cash and Cash Equivalents and Funds Held for Clients
Amortized cost of cash and cash equivalents	$ 398,070	$ 401,811
Amortized cost of funds held for clients' cash and cash equivalents	2,084,456	2,443,858
Fair value of funds held for clients' cash and cash equivalents	$ 0	$ 0	$ 2,132,545

Cash and Cash Equivalents and Funds Held for Clients - Classification and Unrealized Losses (Details) - USD ($) $ in Thousands	12 Months Ended
Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023
Cash and Cash Equivalents and Funds Held for Clients
Credit impairment losses	$ 0	$ 0	$ 0

Label	Element	Value
Stock Issued During Period Shares Equity Awards Vesting	pcty_StockIssuedDuringPeriodSharesEquityAwardsVesting	724,000
Stock Issued During Period Shares Equity Awards Vesting	pcty_StockIssuedDuringPeriodSharesEquityAwardsVesting	684,000
Stock Issued During Period Shares Equity Awards Vesting	pcty_StockIssuedDuringPeriodSharesEquityAwardsVesting	704,000
Deferred Tax Liabilities, Operating Lease Right of Use Assets	pcty_DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets	$ 8,775,000
Deferred Tax Liabilities, Operating Lease Right of Use Assets	pcty_DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets	9,400,000
Capitalized Contract Cost Additions	pcty_CapitalizedContractCostAdditions	83,701,000
Capitalized Contract Cost Additions	pcty_CapitalizedContractCostAdditions	78,599,000
Capitalized Contract Cost Additions	pcty_CapitalizedContractCostAdditions	162,300,000
Capitalized Contract Cost Additions	pcty_CapitalizedContractCostAdditions	93,281,000
Capitalized Contract Cost Additions	pcty_CapitalizedContractCostAdditions	80,833,000
Capitalized Contract Cost Additions	pcty_CapitalizedContractCostAdditions	174,114,000
Adjustments for Value of Equity Awards Vesting	pcty_AdjustmentsForValueOfEquityAwardsVesting	1,000
Adjustments for Value of Equity Awards Vesting	pcty_AdjustmentsForValueOfEquityAwardsVesting	1,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Funds Held for Clients	pcty_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFundsHeldForClients	42,354,000
Increase (Decrease) in Client Funds Obligation	pcty_IncreaseDecreaseInClientFundsObligation	1,362,421,000
Increase (Decrease) in Client Funds Obligation	pcty_IncreaseDecreaseInClientFundsObligation	(325,056,000)
Increase (Decrease) in Client Funds Obligation	pcty_IncreaseDecreaseInClientFundsObligation	297,923,000
Cash, cash equivalents and funds held for clients' cash and cash equivalent	pcty_CashCashEquivalentsFundsHeldForClientsCashAndCashEquivalents	2,421,312,000
Cash, cash equivalents and funds held for clients' cash and cash equivalent	pcty_CashCashEquivalentsFundsHeldForClientsCashAndCashEquivalents	2,845,669,000
Cash, cash equivalents and funds held for clients' cash and cash equivalent	pcty_CashCashEquivalentsFundsHeldForClientsCashAndCashEquivalents	2,482,526,000
Increase Decrease In Capitalized Contract Cost	pcty_IncreaseDecreaseInCapitalizedContractCost	80,781,000
Increase Decrease In Capitalized Contract Cost	pcty_IncreaseDecreaseInCapitalizedContractCost	70,337,000
Increase Decrease In Capitalized Contract Cost	pcty_IncreaseDecreaseInCapitalizedContractCost	62,922,000
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Two	pcty_DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwo	$ 110,280,000
Net settlement for taxes and/or exercise price related to equity awards (in shares)	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwardsInShares	382,000
Net settlement for taxes and/or exercise price related to equity awards (in shares)	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwardsInShares	302,000
Net settlement for taxes and/or exercise price related to equity awards (in shares)	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwardsInShares	359,000
Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability	pcty_TotalRevenueRecognizedFromBothBeginningBalanceAndCurrentPeriodIncreaseInContractLiability	$ 41,197,000
Total Revenue Recognized From Both The Beginning Balance And Current Period Increase In Contract Liability	pcty_TotalRevenueRecognizedFromBothBeginningBalanceAndCurrentPeriodIncreaseInContractLiability	45,045,000
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Two	pcty_DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwo	111,449,000
Net settlement for taxes and/or exercise price related to equity awards	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards	91,575,000
Net settlement for taxes and/or exercise price related to equity awards	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards	91,575,000
Net settlement for taxes and/or exercise price related to equity awards	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards	54,632,000
Net settlement for taxes and/or exercise price related to equity awards	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards	54,632,000
Net settlement for taxes and/or exercise price related to equity awards	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards	64,725,000
Net settlement for taxes and/or exercise price related to equity awards	pcty_NetSettlementForTaxesAndorExercisePriceRelatedToEquityAwards	$ 64,725,000
Period Of Notice To Cancel Agreement	pcty_PeriodOfNoticeToCancelAgreement	60 days
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year Two Through Three	pcty_DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearTwoThroughThree	$ 55,786,000
Term Arrangement Period	pcty_TermArrangementPeriod	2 years
Contract With Customer Revenue Deferred To Be Recognized In Next Twelve Months	pcty_ContractWithCustomerRevenueDeferredToBeRecognizedInNextTwelveMonths	$ 22,566,000
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year Two Through Three	pcty_DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearTwoThroughThree	56,432,000
Business Combination Recognized Identifiable Assets Acquired Other Assets	pcty_BusinessCombinationRecognizedIdentifiableAssetsAcquiredOtherAssets	15,844,000
Increase Decrease In Accrued Liabilities And Other Liabilities	pcty_IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities	18,416,000
Increase Decrease In Accrued Liabilities And Other Liabilities	pcty_IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities	13,315,000
Increase Decrease In Accrued Liabilities And Other Liabilities	pcty_IncreaseDecreaseInAccruedLiabilitiesAndOtherLiabilities	18,460,000
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year Three Through Five	pcty_DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearThreeThroughFive	$ 239,059,000
Statute of limitations on filings	pcty_StatuteOfLimitationsOnFilings	3 years
Statute of limitations on filings	pcty_StatuteOfLimitationsOnFilings	4 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Client Fund Obligations	pcty_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedClientFundObligations	$ 42,354,000
Share Based Compensation Arrangement By Share Based Payment Award Number Of Capital Shares Reserved For Issuance	pcty_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfCapitalSharesReservedForIssuance	1,583,000
Implementation Fees Deferred and Amortized, Period	pcty_ImplementationFeesDeferredAndAmortizedPeriod	24 months
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year Three Through Five	pcty_DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearThreeThroughFive	$ 244,572,000
Investments Accumulated Gross Unrealized Loss Before Tax	pcty_InvestmentsAccumulatedGrossUnrealizedLossBeforeTax	2,304,000
Investments Accumulated Gross Unrealized Loss Before Tax	pcty_InvestmentsAccumulatedGrossUnrealizedLossBeforeTax	114,000
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year Five	pcty_DebtSecuritiesAvailableForSaleAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearFive	11,474,000
Business Combination, Liabilities Assumed, Other	pcty_BusinessCombinationLiabilitiesAssumedOther	$ 13,376,000
Cost Of Revenues For Proprietary Products Amortization Period	pcty_CostOfRevenuesForProprietaryProductsAmortizationPeriod	7 years
Contract With Customer Revenue Deferred To Be Recognized In Year Two	pcty_ContractWithCustomerRevenueDeferredToBeRecognizedInYearTwo	$ 5,166,000
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year Five	pcty_DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearFive	11,615,000
Excess Income Tax Benefits Recognized For Share Based Compensation Arrangements	pcty_ExcessIncomeTaxBenefitsRecognizedForShareBasedCompensationArrangements	113,903,000
Excess Income Tax Benefits Recognized For Share Based Compensation Arrangements	pcty_ExcessIncomeTaxBenefitsRecognizedForShareBasedCompensationArrangements	9,374,000
Excess Income Tax Benefits Recognized For Share Based Compensation Arrangements	pcty_ExcessIncomeTaxBenefitsRecognizedForShareBasedCompensationArrangements	(2,598,000)
Contract With Customer Revenue Deferred To Be Recognized Thereafter	pcty_ContractWithCustomerRevenueDeferredToBeRecognizedThereafter	570,000
Accrued interest on funds held for clients	pcty_AccruedInterestOnFundsHeldForClients	9,453,000
Accrued interest on funds held for clients	pcty_AccruedInterestOnFundsHeldForClients	10,320,000
Cost Of Goods and Services Sold, Adjusted	pcty_CostOfGoodsAndServicesSoldAdjusted	309,720,000
Cost Of Goods and Services Sold, Adjusted	pcty_CostOfGoodsAndServicesSoldAdjusted	367,757,000
Cost Of Goods and Services Sold, Adjusted	pcty_CostOfGoodsAndServicesSoldAdjusted	401,428,000
Deferred Tax Assets, Operating Lease Liabilities	pcty_DeferredTaxAssetsOperatingLeaseLiabilities	14,141,000
Deferred Tax Assets, Operating Lease Liabilities	pcty_DeferredTaxAssetsOperatingLeaseLiabilities	14,457,000
Liabilities Current before Client Fund Obligations	pcty_LiabilitiesCurrentBeforeClientFundObligations	166,949,000
Liabilities Current before Client Fund Obligations	pcty_LiabilitiesCurrentBeforeClientFundObligations	210,428,000
Operating Loss Carryforwards Subject To Expiration	pcty_OperatingLossCarryforwardsSubjectToExpiration	111,008,000
Selling And Marketing Expense, Adjusted	pcty_SellingAndMarketingExpenseAdjusted	258,318,000
Selling And Marketing Expense, Adjusted	pcty_SellingAndMarketingExpenseAdjusted	297,944,000
Selling And Marketing Expense, Adjusted	pcty_SellingAndMarketingExpenseAdjusted	335,775,000
Line of Credit Facility Contingent Increase, Aggregate Maximum Borrowing Capacity	pcty_LineOfCreditFacilityContingentIncreaseAggregateMaximumBorrowingCapacity	$ 825,000,000
Period Of Repayment Of Client Fund Obligations	pcty_PeriodOfRepaymentOfClientFundObligations	1 year
Minimum Threshold Period Past Due for Collectability Review of Trade Accounts Receivable	pcty_MinimumThresholdPeriodPastDueForCollectabilityReviewOfTradeAccountsReceivable	60 days
Research And Development Expense, Adjusted	pcty_ResearchAndDevelopmentExpenseAdjusted	$ 124,876,000
Research And Development Expense, Adjusted	pcty_ResearchAndDevelopmentExpenseAdjusted	139,109,000
Research And Development Expense, Adjusted	pcty_ResearchAndDevelopmentExpenseAdjusted	165,063,000
Investments Amortized Cost	pcty_InvestmentsAmortizedCost	3,354,814,000
Investments Amortized Cost	pcty_InvestmentsAmortizedCost	3,094,627,000
Operating Loss Carryforwards Not Subject To Expiration	pcty_OperatingLossCarryforwardsNotSubjectToExpiration	14,196,000
Investments Accumulated Gross Unrealized Gain Before Tax	pcty_InvestmentsAccumulatedGrossUnrealizedGainBeforeTax	1,361,000
Investments Accumulated Gross Unrealized Gain Before Tax	pcty_InvestmentsAccumulatedGrossUnrealizedGainBeforeTax	7,694,000
Assets Current before Funds Held for Clients	pcty_AssetsCurrentBeforeFundsHeldForClients	572,432,000
Assets Current before Funds Held for Clients	pcty_AssetsCurrentBeforeFundsHeldForClients	607,832,000
General And Administrative Expense, Adjusted	pcty_GeneralAndAdministrativeExpenseAdjusted	129,319,000
General And Administrative Expense, Adjusted	pcty_GeneralAndAdministrativeExpenseAdjusted	130,575,000
General And Administrative Expense, Adjusted	pcty_GeneralAndAdministrativeExpenseAdjusted	148,618,000
Tax Credit Carryforward Net Amount	pcty_TaxCreditCarryforwardNetAmount	20,501,000
Trade Receivables	pcty_TradeReceivables	18,850,000
Trade Receivables	pcty_TradeReceivables	25,461,000
Client Fund Obligations Current	pcty_ClientFundObligationsCurrent	2,950,411,000
Client Fund Obligations Current	pcty_ClientFundObligationsCurrent	$ 2,694,842,000
Share Based Compensation Arrangement By Share Based Payment Award Number Of Period	pcty_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfPeriod	1 year
Deferred Tax Assets, Tax Deferred Expense, Capitalized Research and Development Costs	pcty_DeferredTaxAssetsTaxDeferredExpenseCapitalizedResearchAndDevelopmentCosts	$ 29,718,000
Deferred Tax Assets, Tax Deferred Expense, Capitalized Research and Development Costs	pcty_DeferredTaxAssetsTaxDeferredExpenseCapitalizedResearchAndDevelopmentCosts	60,611,000
Accounts Receivable, Allowance for Credit Loss, Additions Due to Acquisitions	pcty_AccountsReceivableAllowanceForCreditLossAdditionsDueToAcquisitions	248,000
Share Based Compensation Arrangement By Share Based Payment Award Maximum Value Per Employee	pcty_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumValuePerEmployee	25,000
Undiscounted future minimum lease payments on operating leases that have not yet commenced.	pcty_UndiscountedFutureMinimumLeasePaymentsOnOperatingLeasesThatHaveNotYetCommenced.	$ 1,157,000
Credit Facility Covenant Consolidated Leverage Ratio	pcty_CreditFacilityCovenantConsolidatedLeverageRatio	4.00
Deferred Tax Liabilities Deferred Contract Costs	pcty_DeferredTaxLiabilitiesDeferredContractCosts	$ 116,004,000
Deferred Tax Liabilities Deferred Contract Costs	pcty_DeferredTaxLiabilitiesDeferredContractCosts	$ 134,448,000
Credit Facility, Covenant Senior Secured Leverage Ratio	pcty_CreditFacilityCovenantSeniorSecuredLeverageRatio	4.50
Credit Facility Covenant Consolidated Interest Coverage Ratio	pcty_CreditFacilityCovenantConsolidatedInterestCoverageRatio	2.00
PSU performance measurement period	pcty_PSUPerformanceMeasurementPeriod	1 year
Common Stock Number of Votes Per Share	pcty_CommonStockNumberOfVotesPerShare	1
Amortization Period For Nonrefundable Implementation Fees	pcty_AmortizationPeriodForNonrefundableImplementationFees	24 months
Offering Period Of Employee Stock Purchase Plan	pcty_OfferingPeriodOfEmployeeStockPurchasePlan	27 months

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Notes Details Cash and Cash Equivalents and Funds Held for Clients - Reconciliation (Details) Cash and Cash Equivalents and Funds Held for Clients - Classification and Unrealized Losses (Details) Uncategorized Uncategorized Items - pcty-20250630_htm.xml All Reports