analyticsHR Tech
Data as of Q2 2026
Summary Verdict
WDAY: 2—PCTY: 3wins
Rule of 40
33.2WDAY
44.0PCTY
check_circlePCTY leads
Revenue Growth
13.2%WDAY
29.3%PCTY
check_circlePCTY leads
Gross Margin
98%WDAY
75%PCTY
check_circleWDAY leads
FCF Margin
20.0%WDAY
14.7%PCTY
check_circleWDAY leads
Operating Margin
9.2%WDAY
25.9%PCTY
check_circlePCTY leads
NRR
—WDAY
—PCTY
Metric
Rule of 40Efficiency score
WDAY
33.2
PCTY
44.0check_circle
Revenue GrowthYoY
WDAY
13.2%
PCTY
29.3%check_circle
Gross Margin% of revenue
WDAY
98%check_circle
PCTY
75%
FCF MarginFree cash flow
WDAY
20.0%check_circle
PCTY
14.7%
Operating MarginGAAP
WDAY
9.2%
PCTY
25.9%check_circle
NRRNet retention
WDAY
N/A
PCTY
N/A
EV / RevenueValuation multiple
WDAY
4.1x
PCTY
3.4xcheck_circle
Market CapUSD
WDAY
$37.8Bcheck_circle
PCTY
$6.1B
ARR GrowthYoY
WDAY
N/A
PCTY
N/A
CAC PaybackMonths to recover
WDAY
N/A
PCTY
N/A
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insights
Analysis
As of Q2 2026, Workday, Inc. trades at 4.1x EV/Revenue versus Paylocity Holding Corporation at 3.4x. On the Rule of 40, Workday, Inc. scores 33.2 compared to Paylocity Holding Corporation's 44.0, placing Paylocity Holding Corporation ahead in operating efficiency. Gross margins stand at Workday, Inc. 98% vs Paylocity Holding Corporation 75%.
Sector Context
Both companies operate in the HR Tech sector. The median columns above show where each company stands relative to their peers.