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Paylocity (PCTY) backlog: remaining performance obligations

How much revenue Paylocity already has under contract, how fast it converts, and who it is with.

Data as of .

Paylocity backlog history

$0$500M$1B$2BDec 2022Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2026Sep 2026Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Sep 2026$274M$1.81B0.2 yrs$36.8M
30 Jun 2026$238M$1.77B0.1 yrs$35.4M
31 Mar 2026$204M$1.73B0.1 yrs$34.5M
31 Dec 2025$166M$1.68B0.1 yrs$33.3M
30 Sep 2025$153M$1.64B0.1 yrs$29.9M
30 Jun 2025$147M$1.60B0.1 yrs$28.3M
31 Mar 2025$125M$1.55B0.1 yrs$29.0M
31 Dec 2024$101M$1.50B0.1 yrs$28.6M
30 Sep 2024$84.7M$1.45B0.1 yrs$25.4M
30 Jun 2024$77.0M$1.40B0.1 yrs$24.9M
31 Mar 2024$74.3M$1.35B0.1 yrs$25.9M
31 Dec 2023$71.0M$1.29B0.1 yrs$26.2M

Questions

What is Paylocity's backlog?
Paylocity reported $274M of remaining performance obligations at 30 Sep 2026, up 79% from a year earlier and up 15% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.08.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.