Paycom Software, Inc. PAYC

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

We are a leading provider of a comprehensive, cloud-based HCM solution delivered as Software-as-a-Service ("SaaS"). We provide functionality and data analytics that businesses need to manage the complete employment lifecycle, from recruitment to retirement. Our solution requires virtually no customization and is based on a core system of record maintained in a single database for all HCM functions, including payroll, talent acquisition, talent management, human resources ("HR") management and time and labor management applications. Our user-friendly software allows for easy adoption of our solution by employees, enabling self-management of their HCM activities in the cloud, which reduces the administrative burden on employers and increases employee productivity.

Last close 274.59 2026-10-23
Market cap $12.38B 2026-06-30 share count
52-week range 104.90 - 275.22

Valuation FY2025 figures against the last close

P/S6.0x
P/E34.0x
P/FCF30.3x
EV/EBITDA16.6x
Dividend yield0.7%
Diluted EPS8.08

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.05B$1.88B$1.69B$1.38B$1.06B$841.4M$737.7M$566.3M$433.0M$329.1M
Cost of revenue $345.4M$334.6M$276.3M$212.7M$161.9M$123.5M$109.7M$90.8M$72.0M$54.1M
Gross profit $1.71B$1.55B$1.42B$1.16B$893.6M$717.9M$627.9M$475.6M$361.0M$275.1M
R&D $283.4M$242.6M$199.0M$148.3M$118.4M$90.2M$73.1M$46.2M$30.4M$21.0M
SG&A $1.14B$914.3M$966.1M$783.8M$640.1M$531.8M$401.7M$301.9M$231.3M$173.3M
Total operating expenses $1.48B$1.25B$1.24B$996.5M$802.0M$655.3M$511.4M$392.6M$303.3M$227.4M
Operating income $567.2M$634.3M$451.3M$378.7M$253.6M$186.1M$226.2M$173.7M$129.7M$101.7M
Interest expense $3.4M$3.4M$1.9M$2.5M—$19.0K$940.0K$766.0K$911.0K$1.0M
Pre-tax income $619.4M$649.0M$472.4M$389.6M$256.0M$185.9M$226.1M$174.7M$127.7M$101.0M
Income tax $166.0M$147.0M$131.6M$108.2M$60.0M$42.5M$45.5M$37.6M$4.2M$30.6M
Net income $453.4M$502.0M$340.8M$281.4M$196.0M$143.5M$180.6M$137.1M$123.5M$70.4M
EPS, basic 8.138.935.914.863.392.493.142.372.131.21
EPS, diluted 8.088.925.884.843.372.463.092.342.101.19
Shares, diluted (wtd. avg.) 56.1M56.3M58.0M58.2M58.2M58.3M58.4M58.6M58.8M59.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $370.0M$402.0M$294.0M$2.41B$1.81B$1.59B$1.64B$986.5M$1.10B$807.5M
Receivables $44.9M$39.2M$16.4M$22.8M$9.5M$9.1M$9.3M$3.4M$1.6M$1.3M
Inventory $1.7M$1.4M$1.4M$1.6M$1.1M$1.2M$1.2M$797.0K$979.0K$675.0K
Total current assets $5.84B$4.30B$2.81B$2.76B$2.25B$1.86B$1.87B$1.06B$1.18B$925.6M
Property, plant and equipment ——$498.2M$402.4M$349.0M$285.2M$238.5M$177.0M$147.7M$96.8M
Goodwill $51.9M$51.9M$51.9M$51.9M$51.9M$51.9M$51.9M$51.9M$51.9M$51.9M
Other intangibles $37.4M$46.2M$50.1M$54.0M$58.0M$319.0K$532.0K$745.0K$958.0K$1.9M
Total assets $7.60B$5.86B$4.20B$3.90B$3.22B$2.61B$2.49B$1.52B$1.55B$1.08B
Accounts payable $6.6M$23.9M$13.9M$16.1M$5.8M$6.8M$5.1M$6.3M$6.5M$3.7M
Short-term debt ———$0$1.8M$1.8M$1.8M$1.8M$888.0K$1.1M
Total current liabilities $5.37B$3.91B$2.53B$2.38B$1.99B$1.72B$1.75B$1.03B$1.14B$898.9M
Long-term debt ———$29.0M$27.4M$29.1M$30.9M$32.6M$34.4M$28.7M
Total liabilities $5.87B$4.28B$2.89B$2.72B$2.32B$1.95B$1.96B$1.19B$1.27B—
Retained earnings $2.26B$1.89B$1.47B$1.20B$915.6M$719.6M$576.2M$395.6M$258.5M$70.4M
Total equity $1.73B$1.58B$1.30B$1.18B$893.7M$655.6M$526.6M$334.8M$281.2M$205.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $678.9M$533.9M$485.0M$365.1M$319.4M$227.2M$224.3M$184.8M$130.1M$98.8M
Depreciation and amortisation $176.3M$145.9M$113.9M$92.7M$67.2M$53.4M$42.2M$29.7M$19.4M$13.6M
Stock-based compensation $118.7M-$22.9M$129.8M$94.9M$97.5M$90.1M$47.3M$36.6M$36.1M$20.7M
Capital expenditure $270.9M$192.9M$192.6M$132.7M$120.7M$94.1M$92.9M$59.9M$59.4M$43.8M
Investing cash flow -$611.2M-$22.2M-$196.7M-$23.3M-$257.7M-$117.9M-$219.5M-$49.4M$15.6M-$204.9M
Financing cash flow $1.02B$1.11B-$274.6M$254.6M$165.7M-$165.9M$650.7M-$247.8M$145.7M$115.5M
Dividends paid $84.8M$84.8M$64.8M———————
Buybacks $325.5M$122.8M$286.6M$94.7M$65.6M$52.0M$42.5M$105.2M$56.9M$35.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-059372.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 329.1M Gross profit, FY2016: 275.1M Net income, FY2016: 70.4M Revenue, FY2017: 433M Gross profit, FY2017: 361M Net income, FY2017: 123.5M Revenue, FY2018: 566.3M Gross profit, FY2018: 475.6M Net income, FY2018: 137.1M Revenue, FY2019: 737.7M Gross profit, FY2019: 627.9M Net income, FY2019: 180.6M Revenue, FY2020: 841.4M Gross profit, FY2020: 717.9M Net income, FY2020: 143.5M Revenue, FY2021: 1.1B Gross profit, FY2021: 893.6M Net income, FY2021: 196M Revenue, FY2022: 1.4B Gross profit, FY2022: 1.2B Net income, FY2022: 281.4M Revenue, FY2023: 1.7B Gross profit, FY2023: 1.4B Net income, FY2023: 340.8M Revenue, FY2024: 1.9B Gross profit, FY2024: 1.5B Net income, FY2024: 502M Revenue, FY2025: 2.1B Gross profit, FY2025: 1.7B Net income, FY2025: 453.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $329.1M $433.0M $566.3M $737.7M $841.4M $1.06B $1.38B $1.69B $1.88B $2.05B
Gross profit $275.1M $361.0M $475.6M $627.9M $717.9M $893.6M $1.16B $1.42B $1.55B $1.71B
Net income $70.4M $123.5M $137.1M $180.6M $143.5M $196.0M $281.4M $340.8M $502.0M $453.4M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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