BILL vs PCTY Stock Comparison

BILL Holdings and Paylocity Holding Prices as of Oct 23, 2026 Peers: Industry group
BILL BILL Holdings, Inc.
$50.69 +10.4% 1M -0.2% 1Y
Market cap
$4.99B
P/E
–
Revenue (TTM)
$1.65B
Div. yield
–
Accounting Software Technology
4 wins
PCTY Paylocity Holding Corp
$177.19 +23.4% 1M +16.6% 1Y
Market cap
$9.54B
P/E
35.4x
Revenue (TTM)
$1.77B
Div. yield
–
HR Software Technology
6 wins

Head to Head

10 decided of 12

Paylocity Holding leads on 6 of the 12 questions below (Paylocity Holding 6, BILL Holdings 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBILLPCTYLeader
Larger companyMarket capitalisation $4.99B $9.54B PCTY
Cheaper on earningsLower P/E, profitable companies only -443.7x 35.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.1x 21.5x BILL
Faster revenue growthRevenue growth, trailing twelve months +13.0% +11.0% BILL
More profitableNet margin, trailing twelve months -0.7% 15.2% PCTY
Better return on capitalReturn on invested capital -1.8% 21.0% PCTY
Less leveragedLower net debt / EBITDA -94.9x -0.4x BILL
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -0.2% +16.6% PCTY
Better 5-year returnAnnualised price return, 5 years -30.0%/yr -9.7%/yr PCTY
Less volatileAnnualised volatility, 1 year 59.9% 42.0% PCTY
Higher overall scoreMean of the five percentile scores vs peers 69/100 64/100 BILL

Percentile Scorecard

BILLPCTY

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBILLPCTY
Valuation 83 #18 of 101 54 #47 of 101
Growth 66 #34 of 97 68 #32 of 97
Profitability 47 #50 of 94 86 #14 of 94
Financial Health 63 #41 of 109 57 #48 of 109
Shareholder Returns 87 #9 of 64 56 #29 of 64
Overall 69 64
  • BILL ranked among 114 companies in Business Applications
  • PCTY ranked among 114 companies in Business Applications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBILLPCTYSPY
1 month +10.4%+23.4% -1.0%
3 months +16.5%+41.4% +2.9%
6 months +36.3%+73.4% +6.4%
Year to date -7.1%+16.2% +11.4%
1 year -0.2%+16.6% +13.1%
3 years -50.0%-5.0% +79.4%
3 years, per year -20.7%-1.7% +21.5%
5 years -83.2%-39.8% +67.7%
5 years, per year -30.0%-9.7% +10.9%
10 years —+292.5% +255.2%
10 years, per year —+14.7% +13.5%

Risk

MeasureBILLPCTYSPY
Volatility, 1Y 59.9%42.0% 12.7%
Downside volatility, 1Y 51.9%41.5% 12.7%
Beta vs S&P 500, 1Y 1.44-0.14 1.00
Return / volatility, 1Y 0.000.40 1.03
Max drawdown, 5Y -90.7%-68.9% -25.4%
From 52-week high -10.0%-0.3% -2.5%
52-week high $56.31$177.67 $779.14
52-week low $31.96$95.10 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBILLPCTY
P/E now vs peer median -450.6xmedian 29.9x 35.5xmedian 29.9x
P/S now vs peer median 2.8xmedian 2.8x 5.3xmedian 2.8x
EV/EBITDA now vs peer median 203.4xmedian 17.4x 18.6xmedian 17.4x
P/FCF now vs peer median 11.3xmedian 16.9x 19.0xmedian 16.9x
P/B now vs peer median 1.3xmedian 3.1x 7.7xmedian 3.1x
PEG now vs peer median -7.22median 0.86 1.39median 0.86

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBILLPCTY
Revenue $1.65B $1.77B
Gross profit $1.34B $1.23B
Operating income -$73.45M $385.99M
Net income -$11.24M $269.74M
Free cash flow $412.50M $497.10M
R&D $300.57M $221.39M
EPS (diluted) $-0.11 $4.92
Cash & equivalents $1.03B $271.92M
Total debt $1.48B $81.25M
Shares (diluted) 99.92M 54.77M
Enterprise value -$3.68B $8.64B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBILLPCTY
P/E -450.6x 35.5x
P/FCF 11.3x 19.0x
P/Operating cash flow 11.2x 17.7x
P/S 2.8x 5.3x
P/B 1.3x 7.7x
P/Tangible book 1.4x 8.3x
EV/EBITDA 203.4x 18.6x
EV/EBIT -43.3x 24.0x
EV/Revenue 1.9x 5.2x
EV/FCF 7.7x 18.6x
EV/Operating cash flow 7.7x 17.3x
PEG (3Y EPS CAGR) -7.22 1.39

Growth

14 metrics
MetricBILLPCTY
Revenue growth (1Y) 13.0% 11.0%
Revenue CAGR (3Y) 16.0% 14.7%
Gross profit growth (1Y) 12.4% 11.7%
Gross profit CAGR (3Y) 15.7% 14.9%
Operating income growth (1Y) 8.9% 27.0%
Operating income CAGR (3Y) 37.1% 35.5%
Net income growth (1Y) -147.2% 18.8%
Net income CAGR (3Y) 63.1% 24.2%
EPS growth (1Y) -149.1% 22.6%
EPS CAGR (3Y) 62.4% 25.6%
Operating cash flow growth (1Y) 18.6% 27.5%
Operating cash flow CAGR (3Y) 30.3% 23.6%
Free cash flow growth (1Y) 19.1% 22.7%
Free cash flow CAGR (3Y) 31.8% 24.0%

Profitability

14 metrics
MetricBILLPCTY
Gross margin 80.9% 69.2%
EBITDA margin 0.9% 28.1%
Operating margin -4.4% 21.8%
Pretax margin -0.6% 21.9%
Net margin -0.7% 15.2%
FCF margin 25.0% 28.1%
Operating cash flow margin 25.2% 30.1%
Return on equity -0.3% 22.5%
Return on assets -0.1% 5.2%
Return on invested capital -1.8% 21.0%
Return on capital employed -1.4% 22.1%
Asset turnover 0.2x 0.3x
Cash conversion (OCF / net income) -37.0x 2.0x
Stock comp / revenue 13.9% 7.8%

Financial Health

11 metrics
MetricBILLPCTY
Debt / assets 4.4% 1.7%
Debt / equity 0.1x 0.1x
Net debt / EBITDA -94.9x -0.4x
Debt / FCF 1.1x 0.2x
Liabilities / assets 65.4% 75.0%
Equity / assets 34.6% 25.0%
Interest coverage – –
Current ratio 1.5x 1.1x
Quick ratio 0.4x 0.1x
Cash ratio 0.4x 0.1x
Altman Z-score 0.57 2.58

Shareholder Returns

7 metrics
MetricBILLPCTY
Dividend yield – –
Net buyback yield 11.7% 4.1%
Shareholder yield 11.7% 4.1%
Payout ratio (earnings) – –
Payout ratio (FCF) – –
Dividend growth (1Y) – –
Dividend CAGR (3Y) – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBILLPCTY
Forward P/E 14.1xFY2027 21.5xFY2027
EPS, next fiscal year $3.59FY2027 $8.25FY2027
EPS growth, next FY +29.6%FY2027 -0.7%FY2027
EPS growth, the year after +18.9% +13.7%
Revenue, next fiscal year $1.88BFY2027 $1.94BFY2027
Revenue growth, next FY +13.8%FY2027 +9.6%FY2027
Revenue growth, the year after +5.8% -1.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBILLPCTY
Held by institutions 98.1% 85.3%
Institutions holding 343 466
Change in shares held, QoQ -3.7% +2.3%
Institutions buying 167 273
Institutions selling 127 154
Buyers to sellers 1.31 1.77

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BILLPCTY
BILL 1.00 0.37
PCTY 0.37 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, BILL and PCTY?

Paylocity Holding (PCTY) is the largest by market capitalisation: BILL Holdings (BILL) $4.99B, Paylocity Holding (PCTY) $9.54B.

Which company is growing faster?

BILL Holdings (BILL) grew revenue fastest over the trailing twelve months: BILL Holdings (BILL) +13.0%, Paylocity Holding (PCTY) +11.0%.

Which company is more profitable?

Paylocity Holding (PCTY) has the highest net margin (BILL Holdings (BILL) -0.7%, Paylocity Holding (PCTY) 15.2%). On return on invested capital, Paylocity Holding (PCTY) leads (BILL Holdings (BILL) -1.8%, Paylocity Holding (PCTY) 21.0%).

Which stock has performed better?

Over the past year Paylocity Holding (PCTY) returned the most: BILL Holdings (BILL) -0.2%, Paylocity Holding (PCTY) +16.6%. Over five years, Paylocity Holding (PCTY) compounded fastest (BILL Holdings (BILL) -30.0%/yr, Paylocity Holding (PCTY) -9.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Paylocity Holding (PCTY) has been the steadiest (BILL Holdings (BILL) 59.9%, Paylocity Holding (PCTY) 42.0%). Volatility measures how widely the price swings, not the risk of the business.

Do BILL and PCTY move together?

Their daily returns over the past year have a correlation of 0.37, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BILL and PCTY?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Paylocity Holding (PCTY) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.