NYSE : PAYC
Paycom Software, Inc. — Financial statements
Technology · Software - Application · United States
Last price 264.2 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.70B
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Financial statements
Paycom Software, Inc. (PAYC) reported revenue of 2.14B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.03B | 1.94B | 1.76B | 1.59B | 1.34B | 1.06B |
| Other Revenue | 107.90M | 113.00M | 124.90M | 108.00M | 32.70M | |
| Revenue | 2.14B | 2.05B | 1.88B | 1.69B | 1.38B | 1.06B |
| Cost of Revenue | 255.70M | 263.00M | 267.40M | 223.70M | 169.80M | 130.47M |
| Gross Profit | 1.89B | 1.79B | 1.62B | 1.47B | 1.21B | 925.05M |
| Selling, General & Admin | 782.00M | 761.80M | 710.50M | 705.70M | 585.70M | 485.83M |
| Research & Development | 258.90M | 283.40M | 242.60M | 199.00M | 148.30M | 118.43M |
| Operating Expenses | 1.24B | 1.22B | 1.10B | 1.02B | 826.70M | 671.48M |
| Operating Income | 648.50M | 567.20M | 516.80M | 451.30M | 378.70M | 253.57M |
| Interest Expense | -16.30M | -3.40M | -3.40M | -1.90M | -2.50M | |
| Interest & Investment Income | 11.10M | 17.90M | 17.30M | |||
| Other Non Operating Income (Expenses) | -4.00M | 2.00M | 800.00K | 24.20M | 13.20M | 2.54M |
| EBT Excluding Unusual Items | 639.30M | 583.70M | 531.50M | 473.60M | 389.40M | 256.11M |
| Gain (Loss) on Sale of Assets | 100.00K | 100.00K | 200.00K | -146.00K | ||
| Other Unusual Items | 44.60M | 35.60M | 117.50M | -1.20M | ||
| Pretax Income | 684.00M | 619.40M | 649.00M | 472.40M | 389.60M | 255.96M |
| Income Tax Expense | 196.40M | 166.00M | 147.00M | 131.60M | 108.20M | 60.00M |
| Net Income | 487.60M | 453.40M | 502.00M | 340.80M | 281.40M | 195.96M |
| Net Income to Common | 487.60M | 453.40M | 502.00M | 340.80M | 281.40M | 195.96M |
| Shares Outstanding (Basic) | 52.00M | 55.80M | 56.20M | 57.70M | 57.90M | 57.88M |
| Shares Outstanding (Diluted) | 52.18M | 56.10M | 56.30M | 58.00M | 58.20M | 58.19M |
| EPS (Basic) | 9.38 | 8.13 | 8.93 | 5.91 | 4.86 | 3.39 |
| EPS (Diluted) | 9.35 | 8.08 | 8.92 | 5.88 | 4.84 | 3.37 |
| Free Cash Flow | 575.10M | 408.00M | 341.00M | 292.40M | 232.40M | 198.67M |
| Free Cash Flow Per Share | 11.02 | 7.27 | 6.06 | 5.04 | 3.99 | 3.41 |
| Dividend Per Share | 1.50 | 1.50 | 1.50 | 1.12 | ||
| Gross Margin | 88.06% | 87.18% | 85.80% | 86.79% | 87.65% | 87.64% |
| Operating Margin | 30.29% | 27.64% | 27.44% | 26.65% | 27.54% | 24.02% |
| Profit Margin | 22.78% | 22.10% | 26.66% | 20.12% | 20.46% | 18.57% |
| Free Cash Flow Margin | 26.86% | 19.89% | 18.11% | 17.26% | 16.90% | 18.82% |
| EBITDA | 735.10M | 634.50M | 579.60M | 503.30M | 424.10M | 284.29M |
| EBITDA Margin | 34.34% | 30.93% | 30.78% | 29.72% | 30.84% | 26.93% |
| D&A For EBITDA | 86.60M | 67.30M | 62.80M | 52.00M | 45.40M | 30.72M |
| EBIT | 648.50M | 567.20M | 516.80M | 451.30M | 378.70M | 253.57M |
| EBIT Margin | 30.29% | 27.64% | 27.44% | 26.65% | 27.54% | 24.02% |
| Effective Tax Rate | 28.71% | 26.80% | 22.65% | 27.86% | 27.77% | 23.44% |
| Revenue as Reported | 2.14B | 2.05B | 1.88B | 1.69B | 1.38B | 1.06B |
| Advertising Expenses | 125.50M | 86.30M | 106.80M | 90.60M | 71.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 198.00M | 370.00M | 402.00M | 294.00M | 400.73M | 277.98M |
| Cash & Short-Term Investments | 198.00M | 370.00M | 402.00M | 294.00M | 400.73M | 277.98M |
| Accounts Receivable | 53.50M | 44.90M | 39.20M | 16.40M | 22.84M | 9.49M |
| Other Receivables | 3.40M | 78.20M | 11.90M | 18.40M | 5.58M | 16.41M |
| Receivables | 56.90M | 123.10M | 51.10M | 34.80M | 28.43M | 25.90M |
| Inventory | 1.70M | 1.70M | 1.40M | 1.40M | 1.61M | 1.13M |
| Prepaid Expenses | 53.60M | 47.50M | 44.40M | 37.60M | 34.06M | 23.73M |
| Other Current Assets | 3.17B | 5.30B | 3.81B | 2.45B | 2.30B | 1.92B |
| Total Current Assets | 3.48B | 5.84B | 4.30B | 2.81B | 2.76B | 2.25B |
| Property, Plant & Equipment | 724.10M | 776.70M | 642.00M | 572.00M | 442.22M | 378.79M |
| Goodwill | 51.90M | 51.90M | 51.90M | 51.90M | 51.89M | 51.89M |
| Other Intangible Assets | 30.60M | 37.40M | 46.20M | 50.10M | 54.02M | 58.03M |
| Long-Term Deferred Charges | 880.20M | 858.90M | 783.60M | 680.30M | 567.97M | 461.85M |
| Other Long-Term Assets | 32.70M | 35.00M | 31.40M | 29.80M | 22.24M | 12.54M |
| Total Assets | 5.20B | 7.60B | 5.86B | 4.20B | 3.90B | 3.22B |
| Accounts Payable | 7.60M | 6.60M | 23.90M | 13.90M | 16.05M | 5.77M |
| Accrued Expenses | 170.10M | 168.10M | 166.80M | 150.60M | 118.47M | 109.16M |
| Current Portion of Long-Term Debt | 1.77M | |||||
| Current Portion of Leases | 28.80M | 28.40M | 20.40M | 19.20M | 14.99M | 10.85M |
| Current Unearned Revenue | 30.80M | 28.30M | 30.00M | 22.80M | 19.82M | 16.28M |
| Other Current Liabilities | 3.01B | 5.14B | 3.67B | 2.33B | 2.21B | 1.85B |
| Total Current Liabilities | 3.24B | 5.37B | 3.91B | 2.53B | 2.38B | 1.99B |
| Long-Term Debt | 900.00M | 29.00M | 27.38M | |||
| Long-Term Leases | 54.00M | 61.90M | 63.00M | 56.70M | 26.03M | 20.06M |
| Long-Term Unearned Revenue | 122.10M | 121.90M | 114.60M | 107.70M | 97.59M | 85.15M |
| Long-Term Deferred Tax Liabilities | 305.10M | 304.40M | 149.70M | 143.80M | 141.03M | 145.50M |
| Other Long-Term Liabilities | 6.60M | 10.60M | 49.90M | 51.70M | 49.22M | 52.93M |
| Total Liabilities | 4.63B | 5.87B | 4.28B | 2.89B | 2.72B | 2.32B |
| Common Stock | 600.00K | 600.00K | 600.00K | 600.00K | 625.00K | 623.00K |
| Additional Paid-In Capital | 904.70M | 878.40M | 724.80M | 724.40M | 576.62M | 465.59M |
| Retained Earnings | 2.48B | 2.26B | 1.89B | 1.47B | 1.20B | 915.58M |
| Treasury Stock | -2.82B | -1.40B | -1.04B | -891.00M | -587.90M | -488.08M |
| Comprehensive Income & Other | -400.00K | 300.00K | -600.00K | -1.00M | -3.70M | |
| Shareholders' Equity | 571.50M | 1.73B | 1.58B | 1.30B | 1.18B | 893.71M |
| Total Liabilities & Equity | 5.20B | 7.60B | 5.86B | 4.20B | 3.90B | 3.22B |
| Total Debt | 982.80M | 90.30M | 83.40M | 75.90M | 70.01M | 60.07M |
| Net Cash (Debt) | -784.80M | 279.70M | 318.60M | 218.10M | 330.72M | 217.91M |
| Net Cash Per Share | -15.04 | 4.99 | 5.66 | 3.76 | 5.68 | 3.74 |
| Filing Date Shares Outstanding | 44.29M | 53.16M | 55.99M | 56.56M | 57.87M | 58.01M |
| Total Common Shares Outstanding | 43.50M | 53.50M | 54.56M | 53.88M | 55.71M | 55.81M |
| Working Capital | 239.80M | 470.40M | 398.00M | 278.80M | 387.13M | 261.63M |
| Book Value Per Share | 13.14 | 32.36 | 28.88 | 24.18 | 21.23 | 16.01 |
| Tangible Book Value | 489.00M | 1.64B | 1.48B | 1.20B | 1.08B | 783.80M |
| Tangible Book Value Per Share | 11.24 | 30.70 | 27.08 | 22.29 | 19.33 | 14.04 |
| Land | 36.50M | 36.50M | 36.50M | 33.80M | 33.80M | 33.80M |
| Buildings | 307.30M | 304.40M | 275.60M | 179.90M | 177.76M | 172.81M |
| Machinery | 357.70M | 347.00M | 245.10M | 197.30M | 162.13M | 127.48M |
| Construction In Progress | 1.20M | 14.70M | 92.00M | 36.29M | 11.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 487.60M | 453.40M | 502.00M | 340.80M | 281.40M | 195.96M |
| Depreciation & Amortization | 86.60M | 67.30M | 62.80M | 52.00M | 45.40M | 30.72M |
| Other Amortization | 110.50M | 110.40M | 84.20M | 63.10M | 48.10M | 36.54M |
| Loss (Gain) From Sale of Assets | 5.70M | -100.00K | -200.00K | 146.00K | ||
| Loss (Gain) From Sale of Investments | -9.90M | -13.00M | -100.00K | -500.00K | -1.00M | -452.00K |
| Stock-Based Compensation | 89.70M | 118.70M | -22.90M | 129.80M | 94.90M | 97.51M |
| Other Operating Activities | 110.30M | 120.60M | 6.90M | 5.60M | -3.10M | 32.55M |
| Change in Accounts Receivable | -11.70M | -5.70M | -22.80M | 6.40M | -13.40M | -360.00K |
| Change in Inventory | -100.00K | -300.00K | 200.00K | -200.00K | 481.00K | |
| Change in Accounts Payable | -11.90M | -16.20M | 9.10M | -5.20M | 11.70M | -660.00K |
| Change in Unearned Revenue | 3.20M | 5.60M | 14.10M | 13.10M | 16.00M | 14.60M |
| Change in Income Taxes | 2.90M | -66.30M | 6.50M | -12.80M | 10.80M | -5.97M |
| Change in Other Net Operating Assets | -61.40M | -95.50M | -105.90M | -107.50M | -125.30M | -81.70M |
| Operating Cash Flow | 801.50M | 678.90M | 533.90M | 485.00M | 365.10M | 319.36M |
| Capital Expenditures | -226.40M | -270.90M | -192.90M | -192.60M | -132.70M | -120.69M |
| Sale of Property, Plant & Equipment | 100.00K | 100.00K | 100.00K | |||
| Sale (Purchase) of Intangibles | -4.50M | -4.50M | -4.40M | -4.20M | -4.10M | -5.50M |
| Other Investing Activities | 130.30M | -335.90M | 175.10M | 113.50M | -131.48M | |
| Investing Cash Flow | -100.50M | -611.20M | -22.20M | -196.70M | -23.30M | -257.67M |
| Long-Term Debt Issued | 29.00M | |||||
| Long-Term Debt Repaid | -29.00M | -29.30M | -1.77M | |||
| Net Debt Issued (Repaid) | 900.00M | -29.00M | -300.00K | -1.77M | ||
| Issuance of Common Stock | 9.90M | 5.50M | ||||
| Repurchase of Common Stock | -1.74B | -370.00M | -144.50M | -300.50M | -99.90M | -65.58M |
| Common Dividends Paid | -77.40M | -84.80M | -84.80M | -64.80M | ||
| Other Financing Activities | 1.38B | 1.47B | 1.34B | 119.70M | 354.80M | 233.08M |
| Financing Cash Flow | 474.80M | 1.02B | 1.11B | -274.60M | 254.60M | 165.72M |
| Net Cash Flow | 1.18B | 1.09B | 1.62B | 13.70M | 596.40M | 227.42M |
| Free Cash Flow | 575.10M | 408.00M | 341.00M | 292.40M | 232.40M | 198.67M |
| Free Cash Flow Margin | 26.86% | 19.89% | 18.11% | 17.26% | 16.90% | 18.82% |
| Free Cash Flow Per Share | 11.02 | 7.27 | 6.06 | 5.04 | 3.99 | 3.41 |
| Levered Free Cash Flow | 423.73M | 260.98M | 235.28M | 326.37M | 284.41M | 211.02M |
| Unlevered Free Cash Flow | 432.41M | 261.70M | 236.30M | 326.35M | 285.17M | 210.98M |
| Cash Interest Paid | 2.10M | 2.10M | 2.00M | 1.00M | 500.00K | 2.00K |
| Cash Income Tax Paid | 78.10M | 78.10M | 134.80M | 138.80M | 100.60M | 33.07M |
| Change in Working Capital | -79.00M | -178.40M | -99.00M | -105.80M | -100.40M | -73.61M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.71B | 8.75B | 11.46B | 11.93B | 17.96B | 24.08B |
| Enterprise Value | 12.49B | 8.46B | 11.21B | 11.47B | 17.67B | 23.95B |
| Last Close Price | 264.20 | 158.24 | 202.08 | 202.15 | 302.00 | 404.07 |
| PE Ratio | 28.27 | 19.30 | 22.82 | 35.00 | 63.81 | 122.88 |
| Forward PE | 20.09 | 16.17 | 24.13 | 25.88 | 44.88 | 78.19 |
| PS Ratio | 5.47 | 4.26 | 6.08 | 7.04 | 13.06 | 22.81 |
| PB Ratio | 20.11 | 5.05 | 7.27 | 9.15 | 15.18 | 26.94 |
| P/TBV Ratio | 23.93 | 5.33 | 7.75 | 9.93 | 16.68 | 30.72 |
| P/FCF Ratio | 20.34 | 21.45 | 33.59 | 40.79 | 77.27 | 121.20 |
| P/OCF Ratio | 14.60 | 12.89 | 21.45 | 24.59 | 49.18 | 75.40 |
| PEG Ratio | 1.16 | 1.33 | 2.21 | 1.43 | 1.75 | 3.07 |
| EV/Sales Ratio | 5.83 | 4.12 | 5.95 | 6.77 | 12.85 | 22.69 |
| EV/EBITDA Ratio | 16.98 | 13.33 | 19.34 | 22.80 | 41.66 | 84.25 |
| EV/EBIT Ratio | 19.25 | 14.91 | 21.69 | 25.42 | 46.66 | 94.45 |
| EV/FCF Ratio | 21.71 | 20.73 | 32.87 | 39.24 | 76.03 | 120.55 |
| Debt / Equity Ratio | 1.72 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 |
| Debt / EBITDA Ratio | 1.29 | 0.14 | 0.14 | 0.15 | 0.16 | 0.20 |
| Debt / FCF Ratio | 1.71 | 0.22 | 0.24 | 0.26 | 0.30 | 0.30 |
| Net Debt / Equity Ratio | 1.37 | -0.16 | -0.20 | -0.17 | -0.28 | -0.24 |
| Net Debt / EBITDA Ratio | 1.07 | -0.44 | -0.55 | -0.43 | -0.78 | -0.77 |
| Net Debt / FCF Ratio | 1.36 | -0.69 | -0.93 | -0.75 | -1.42 | -1.10 |
| Asset Turnover | 0.46 | 0.30 | 0.37 | 0.42 | 0.39 | 0.36 |
| Inventory Turnover | 154.97 | 169.68 | 191.00 | 148.79 | 124.03 | 114.35 |
| Quick Ratio | 0.08 | 0.09 | 0.12 | 0.13 | 0.18 | 0.15 |
| Current Ratio | 1.07 | 1.09 | 1.10 | 1.11 | 1.16 | 1.13 |
| Return on Equity (ROE) | 41.09% | 27.42% | 34.87% | 27.42% | 27.11% | 25.30% |
| Return on Assets (ROA) | 8.78% | 5.27% | 6.42% | 6.96% | 6.65% | 5.44% |
| Return on Invested Capital (ROIC) | 33.29% | 30.65% | 34.13% | 33.62% | 35.81% | 31.35% |
| Return on Capital Employed (ROCE) | 33.10% | 25.40% | 26.50% | 27.10% | 24.80% | 20.70% |
| Earnings Yield | 3.54% | 5.18% | 4.38% | 2.86% | 1.57% | 0.81% |
| FCF Yield | 4.92% | 4.66% | 2.98% | 2.45% | 1.29% | 0.83% |
| Dividend Yield | 0.57% | 0.92% | 0.71% | 0.51% | ||
| Payout Ratio | 16.04% | 18.70% | 16.89% | 19.01% | ||
| Buyback Yield / Dilution | 7.13% | 0.36% | 2.93% | 0.34% | -0.01% | 0.16% |
| Total Shareholder Return | 7.69% | 1.27% | 3.65% | 0.85% | -0.01% | 0.16% |