Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. The company offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers payroll applications comprising better employee transaction interface, payroll and payroll tax management, payroll card, Everyday, Paycom pay, Client Action Center, expense management, garnishment administration, and GL concierge applications; talent acquisition, including applicant tracking, background checks, on-boarding, e-verify, and tax credit services; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, Paycom learning, certification management. The company also offers time and labor management, such as time and attendance, scheduling, time-off requests, and labor allocation solutions. Its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration; COBRA administration; personnel action and performance discussion forms; Paycom surveys; retirement reporting; report center; and affordable care act applications, as well as Clue, which securely collects, tracks, and manages the vaccination and testing data of the workforce; and MyCom is a communications tool that provides organizations with a central place to share information with employees. Paycom Software, Inc. was founded in 1998 and is based in Oklahoma City, Oklahoma.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $799M | $453M | $404M | 26.2% | 8.9% | -9.7% |
| 2024 | $1.9B | $798M | $502M | $337M | 31.9% | 11.2% | 47.3% |
| 2023 | $1.7B | $588M | $341M | $288M | 26.2% | 23.2% | 21.1% |
| 2022 | $1.4B | $485M | $281M | $228M | 23.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,375.20 | 1,693.70 | 1,883.20 | 2,051.70 |
| Operating Revenue | - | 1,375.20 | 1,693.70 | 1,883.20 | 2,051.70 |
| Cost Of Revenue | - | 212.70 | 276.30 | 334.60 | 345.40 |
| Gross Profit | - | 1,162.50 | 1,417.40 | 1,548.60 | 1,706.30 |
| Operating Expense | - | 783.80 | 966.10 | 914.30 | 1,139.10 |
| Research And Development | - | 148.30 | 199 | 242.60 | 283.40 |
| Selling General And Administration | - | 585.70 | 705.70 | 593 | 761.80 |
| Total Expenses | - | 996.50 | 1,242.40 | 1,248.90 | 1,484.50 |
| Operating Income | - | 378.70 | 451.30 | 634.30 | 567.20 |
| Total Operating Income As Reported | - | 378.70 | 451.30 | 634.30 | 567.20 |
| EBITDA | - | 484.80 | 588.20 | 798.30 | 799.10 |
| Normalized EBITDA | - | 484.80 | 588.20 | 798.30 | 799.10 |
| EBIT | - | 392.10 | 474.30 | 652.40 | 622.80 |
| Interest Expense | - | 2.50 | 1.90 | 3.40 | 3.40 |
| Net Interest Income | - | -2.50 | -1.90 | -3.40 | -3.40 |
| Other Non Operating Income Expenses | - | 13.40 | 23 | 18.10 | 55.60 |
| Other Income Expense | - | 13.40 | 23 | 18.10 | 55.60 |
| Interest Expense Non Operating | - | 2.50 | 1.90 | 3.40 | 3.40 |
| Net Non Operating Interest Income Expense | - | -2.50 | -1.90 | -3.40 | -3.40 |
| Pretax Income | - | 389.60 | 472.40 | 649 | 619.40 |
| Tax Provision | - | 108.20 | 131.60 | 147 | 166 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 281.40 | 340.80 | 502 | 453.40 |
| Net Income From Continuing And Discontinued Operation | - | 281.40 | 340.80 | 502 | 453.40 |
| Net Income From Continuing Operation Net Minority Interest | - | 281.40 | 340.80 | 502 | 453.40 |
| Net Income | - | 281.40 | 340.80 | 502 | 453.40 |
| Net Income Common Stockholders | - | 281.40 | 340.80 | 502 | 453.40 |
| Net Income Including Noncontrolling Interests | - | 281.40 | 340.80 | 502 | 453.40 |
| Normalized Income | - | 281.40 | 340.80 | 502 | 453.40 |
| Diluted NI Availto Com Stockholders | - | 281.40 | 340.80 | 502 | 453.40 |
| Basic Average Shares | - | 57.93 | 57.71 | 56.20 | 55.80 |
| Diluted Average Shares | - | 58.18 | 57.97 | 56.30 | 56.10 |
| Reconciled Depreciation | - | 92.70 | 113.90 | 145.90 | 176.30 |
| Reconciled Cost Of Revenue | - | 169.80 | 223.80 | 267.40 | 263 |
| Depreciation Amortization Depletion Income Statement | - | 49.80 | 61.40 | 78.70 | 93.90 |
| Depreciation And Amortization In Income Statement | - | 49.80 | 61.40 | 78.70 | 93.90 |
| General And Administrative Expense | - | 239.10 | 288.10 | 158.60 | 279 |
| Other Gand A | - | 239.10 | 288.10 | 158.60 | 279 |
| Selling And Marketing Expense | - | 346.60 | 417.60 | 434.40 | 482.80 |
| Otherunder Preferred Stock Dividend | 0 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Paycom Software, Inc.this co. | PAYC | $6.4B | 14.10β discount | 3.69 | 26.2% | 7.65 |
| Plexus Corp. | PLXS | $7.6B | 44.01 | 5.23 | 11.9% | 26.92 |
| ESCO Technologies Inc. | ESE | $7.6B | 25.28 | 4.91 | 19.4% | 31.35 |
| Clear Secure, Inc. | YOU | $7.3B | 66.70 | 40.97 | 61.4% | 33.05 |
| Ralliant Corporation | RAL | $7.0B | -5.72 |
| - |
| - |
| - |
| - |
| - |
| 4.28 |
| -74.8% |
| -7.39 |
| ACM Research, Inc. | ACMR | $6.2B | 66.26 | 4.26 | 6.4% | 33.90 |
| Kulicke and Soffa Industries, Inc. | KLIC | $5.6B | 26417.05 | 6.85 | 0.0% | 141.24 |
| Lyft, Inc. | LYFT | $5.4B | 1.89 | 1.64 | 86.9% | 53.59 |
| Diodes Incorporated | DIOD | $5.2B | 78.15 | 2.75 | 3.5% | 21.25 |
| Peer Median | - | 55.14 | 4.59 | 9.2% | 32.20 | |