PAYC · Paycom Software, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.05B | $1.88B | $1.69B | $1.38B | $1.06B | $841.43M |
| Cost of Revenue | $345.40M | $334.60M | $276.29M | $212.74M | $161.89M | $123.55M |
| Gross Profit | $1.71B | $1.55B | $1.42B | $1.16B | $893.64M | $717.89M |
| R&D | $283.40M | $242.60M | $198.95M | $148.34M | $118.43M | $90.24M |
| SG&A | $1.14B | $914.30M | $966.06M | $783.80M | $640.07M | $531.76M |
| Total Operating Expenses | $1.48B | $1.25B | $1.24B | $996.54M | $801.96M | $655.31M |
| D&A | $176.30M | $145.90M | $113.95M | $92.70M | $67.22M | $53.37M |
| Operating Income | $567.20M | $634.30M | $451.32M | $378.68M | $253.57M | $186.12M |
| Interest Expense | $3.40M | $3.40M | $1.93M | $2.54M | - | $19.0K |
| Income Tax | $166.00M | $147.00M | $131.61M | $108.19M | $60.00M | $42.48M |
| Net Income | $453.40M | $502.00M | $340.79M | $281.39M | $195.96M | $143.45M |
| EPS - Basic | $8.13 | $8.93 | $5.91 | $4.86 | $3.39 | $2.49 |
| EPS - Diluted | $8.08 | $8.92 | $5.88 | $4.84 | $3.37 | $2.46 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $370.00M | $402.00M | $294.02M | $400.73M | $277.98M | $151.71M |
| Accounts Receivable | $44.90M | $39.20M | $16.44M | $22.84M | $9.49M | $9.13M |
| Inventory | $1.70M | $1.40M | $1.38M | $1.61M | $1.13M | $1.15M |
| Accounts Payable | $6.60M | $23.90M | $13.88M | $16.05M | $5.77M | $6.79M |
| Current Assets | $5.84B | $4.30B | $2.81B | $2.76B | $2.25B | $1.86B |
| Total Assets | $7.60B | $5.86B | $4.20B | $3.90B | $3.22B | $2.61B |
| Current Liabilities | $5.37B | $3.91B | $2.53B | $2.38B | $1.99B | $1.72B |
| Long-term Debt | - | - | - | $29.00M | $27.38M | $29.12M |
| Total Liabilities | $5.87B | $4.28B | $2.89B | $2.72B | $2.32B | $1.95B |
| Stockholders' Equity | $1.73B | $1.58B | $1.30B | $1.18B | $893.71M | $655.64M |
| Retained Earnings | $2.26B | $1.89B | $1.47B | $1.20B | $915.58M | $719.62M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $678.90M | $533.90M | $485.04M | $365.10M | $319.36M | $227.21M |
| Investing Cash Flow | ($611.20M) | ($22.20M) | ($196.71M) | ($23.29M) | ($257.67M) | ($117.88M) |
| Financing Cash Flow | $1.02B | $1.11B | ($274.66M) | $254.59M | $165.72M | ($165.91M) |
| CapEx | $270.90M | $192.90M | $192.59M | $132.68M | $120.69M | $94.10M |
| Free Cash Flow | $408.00M | $341.00M | $292.45M | $232.43M | $198.67M | $133.10M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 83.2% | 82.2% | 83.7% | 84.5% | 84.7% | 85.3% |
| Operating margin | 27.6% | 33.7% | 26.6% | 27.5% | 24.0% | 22.1% |
| EBITDA margin | 36.2% | 41.4% | 33.4% | 34.3% | 30.4% | 28.5% |
| Net margin | 22.1% | 26.7% | 20.1% | 20.5% | 18.6% | 17.0% |
| Free cash flow margin | 19.9% | 18.1% | 17.3% | 16.9% | 18.8% | 15.8% |
| FCF / Net income | 0.90 | 0.68 | 0.86 | 0.83 | 1.01 | 0.93 |
| R&D / Revenue | 13.8% | 12.9% | 11.7% | 10.8% | 11.2% | 10.7% |
| SG&A / Revenue | 55.5% | 48.6% | 57.0% | 57.0% | 60.6% | 63.2% |
| Effective tax rate | 26.8% | 22.7% | 27.9% | 27.8% | 23.4% | 22.8% |
| Return on assets | 6.0% | 8.6% | 8.1% | 7.2% | 6.1% | 5.5% |
| Return on equity | 26.2% | 31.9% | 26.2% | 23.8% | 21.9% | 21.9% |
| Return on invested capital | - | - | - | 22.6% | 21.1% | 21.0% |
| Liquidity | ||||||
| Current ratio | 1.09 | 1.10 | 1.11 | 1.16 | 1.13 | 1.09 |
| Quick ratio | 1.09 | 1.10 | 1.11 | 1.16 | 1.13 | 1.08 |
| Cash ratio | 0.07 | 0.10 | 0.12 | 0.17 | 0.14 | 0.09 |
| Leverage | ||||||
| Debt / Equity | - | - | - | 0.02 | 0.03 | 0.04 |
| Debt / Assets | - | - | - | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | - | - | - | 0.06 | 0.09 | 0.12 |
| Interest coverage | 166.8x | 186.6x | 234.2x | 149.3x | - | 9795.9x |
| Equity multiplier | 4.39 | 3.72 | 3.22 | 3.30 | 3.60 | 3.98 |
| Liabilities / Assets | 0.77 | 0.73 | 0.69 | 0.70 | 0.72 | 0.75 |
| Efficiency | ||||||
| Asset turnover | 0.27 | 0.32 | 0.40 | 0.35 | 0.33 | 0.32 |
| Inventory turnover | 203.18 | 239.00 | 199.78 | 132.38 | 143.14 | 107.34 |
| Days sales outstanding | 8d | 8d | 4d | 6d | 3d | 4d |
| Days inventory outstanding | 2d | 2d | 2d | 3d | 3d | 3d |
| Days payable outstanding | 7d | 26d | 18d | 28d | 13d | 20d |
| Cash conversion cycle | 3d | -17d | -13d | -19d | -7d | -13d |
| Valuation | ||||||
| P / E | 19.7x | 23.0x | 35.2x | 64.1x | 123.2x | 183.8x |
| P / B | 5.2x | 7.3x | 9.2x | 15.3x | 27.0x | 40.2x |
| P / S | 4.4x | 6.1x | 7.1x | 13.1x | 22.9x | 31.3x |
| EV / EBITDA | 11.5x | 14.3x | 20.7x | 37.5x | 74.5x | 109.6x |
| Growth | ||||||
| Revenue growth (YoY) | 8.9% | 11.2% | 23.2% | 30.3% | 25.4% | 14.1% |
| Revenue CAGR (3y) | 14.3% | 21.3% | 26.3% | 23.1% | 47.5% | 24.8% |
| Revenue CAGR (5y) | 19.5% | 20.6% | 38.8% | 26.0% | 26.2% | 30.2% |
| Gross profit growth (YoY) | 10.2% | 9.3% | 21.9% | 30.1% | 24.5% | 14.3% |
| Operating income growth (YoY) | -10.6% | 40.5% | 19.2% | 49.3% | 36.2% | -17.7% |
| Net income growth (YoY) | -9.7% | 47.3% | 21.1% | 43.6% | 36.6% | -20.6% |
| EPS growth (YoY) | -9.4% | 51.7% | 21.5% | 43.6% | 37.0% | -20.4% |
| EPS CAGR (3y) | 18.6% | 38.3% | 33.7% | 16.1% | 12.9% | 29.6% |
| EPS CAGR (5y) | 26.9% | 23.6% | 20.2% | 33.8% | 35.4% | 46.9% |
| FCF growth (YoY) | 19.6% | 16.6% | 25.8% | 17.0% | 49.3% | 1.4% |
| FCF CAGR (5y) | 25.1% | 21.0% | 49.7% | 26.7% | 29.2% | 38.2% |
| Book value growth (YoY) | 9.9% | 20.9% | 10.2% | 32.3% | 36.3% | 24.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$3.99B totalRecurring And Other$1.94B · 48.6%
Recurring$1.91B · 47.9%
Interest On Funds Held For Clients$113.00M · 2.8%
Implementation And Other$26.00M · 0.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.92
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Paycom Software against the 5 most active filers in the same SIC group.
Dividends
$1.50/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 26, 2026 | $0.3750 |
| Mar 9, 2026 | $0.3750 |
| Nov 24, 2025 | $0.3750 |
| Aug 25, 2025 | $0.3750 |
| May 27, 2025 | $0.3750 |
| Mar 10, 2025 | $0.3750 |
| Nov 25, 2024 | $0.3750 |
| Aug 26, 2024 | $0.3750 |
| May 24, 2024 | $0.3750 |
| Mar 1, 2024 | $0.3750 |
| Nov 24, 2023 | $0.3750 |
| Aug 25, 2023 | $0.3750 |
| May 26, 2023 | $0.3750 |