analyticsHR Tech
Data as of Q1 2026
Summary Verdict
PCTY: 3—WDAY: 2wins
Rule of 40
44.0PCTY
33.2WDAY
check_circlePCTY leads
Revenue Growth
29.3%PCTY
13.2%WDAY
check_circlePCTY leads
Gross Margin
75%PCTY
98%WDAY
check_circleWDAY leads
FCF Margin
14.7%PCTY
20.0%WDAY
check_circleWDAY leads
Operating Margin
25.9%PCTY
9.2%WDAY
check_circlePCTY leads
NRR
—PCTY
—WDAY
Metric
Rule of 40Efficiency score
PCTY
44.0check_circle
WDAY
33.2
Revenue GrowthYoY
PCTY
29.3%check_circle
WDAY
13.2%
Gross Margin% of revenue
PCTY
75%
WDAY
98%check_circle
FCF MarginFree cash flow
PCTY
14.7%
WDAY
20.0%check_circle
Operating MarginGAAP
PCTY
25.9%check_circle
WDAY
9.2%
NRRNet retention
PCTY
N/A
WDAY
N/A
EV / RevenueValuation multiple
PCTY
3.5xcheck_circle
WDAY
4.2x
Market CapUSD
PCTY
$6.2B
WDAY
$38.3Bcheck_circle
ARR GrowthYoY
PCTY
N/A
WDAY
N/A
CAC PaybackMonths to recover
PCTY
N/A
WDAY
N/A
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insights
Analysis
As of Q1 2026, Paylocity Holding Corporation trades at 3.5x EV/Revenue versus Workday, Inc. at 4.2x. On the Rule of 40, Paylocity Holding Corporation scores 44.0 compared to Workday, Inc.'s 33.2, placing Paylocity Holding Corporation ahead in operating efficiency. Gross margins stand at Paylocity Holding Corporation 75% vs Workday, Inc. 98%.
Sector Context
Both companies operate in the HR Tech sector. The median columns above show where each company stands relative to their peers.