Paycom Software, Inc.

Listed Company

PAYCCIK 0001590955NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.05B

Net Income

$453.40M

Total Assets

$7.60B

Equity

$1.73B

Shares Out

54.28M

Op. Cash Flow

$678.90M

Business

Paycom Software, Inc. provides a comprehensive, cloud-based human capital management (HCM) solution delivered as Software-as-a-Service to manage the complete employment lifecycle. Its main products include payroll and payroll tax management, talent acquisition and management, HR management, time and labor management, analytics, employee self-service and mobile tools, and related financial and compliance applications. The company operates as a single reporting and operating segment offering an integrated, single-database platform with in-house development, implementation and client support. Paycom primarily sells directly through its captive sales force across the United States and distributes its SaaS solution globally via its cloud architecture and localized Global HCM offerings.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	2,052	1,883	1,694	1,375	1,056
Operating expenses	263	267	224	170	130
Depreciation and amortization	82	67	53	43	31
Total cost of revenues	345	335	276	213	162
Sales and marketing	483	434	418	347	276
Research and development	283	243	199	148	118
General and administrative	279	159	288	239	—
Depreciation and amortization	94	79	61	50	36
Total administrative expenses	1,139	914	966	784	640
Total operating expenses	1,485	1,249	1,242	997	802
Operating income	567	634	451	379	254
Interest expense	−3	−3	−2	−3	—
Other income, net	56	18	23	13	2
Income before income taxes	619	649	472	390	256
Provision for income taxes	166	147	132	108	60
Net income	453	502	341	281	196
Earnings per share, basic	8.13	8.93	5.91	4.86	3.39
Earnings per share, diluted	8.08	8.92	5.88	4.84	3.37
Basic	56	56	58	58	58
Diluted	56	56	58	58	58
Unrealized net gains on available-for-sale securities	1	1	4	−5	—
Tax effect	−100,000	−600,000	−800,000	1	—
Other comprehensive income, net of tax	900,000	400,000	3	−4	—
Comprehensive earnings	454	502	344	278	196

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	370	402	294	401	278
Accounts receivable	45	39	16	23	9
Prepaid expenses	48	44	38	34	24
Inventory	2	1	1	2	1
Income tax receivable	78	12	18	6	16
Deferred contract costs	160	140	118	96	77
Current assets before funds held for clients	702	639	486	561	405
Funds held for clients	5,137	3,666	2,327	2,203	1,847
Total current assets	5,839	4,305	2,813	2,764	2,252
Property and equipment, net	687	561	498	—	—
Intangible assets, net	37	46	50	54	58
Goodwill	52	52	52	52	52
Long-term deferred contract costs	857	784	680	568	462
Operating lease right-of-use assets	89	81	74	—	—
Other assets	37	31	30	62	42
Total assets	7,599	5,860	4,198	3,903	3,215
Accounts payable	7	24	14	16	6
Accrued commissions and bonuses	28	33	31	28	22
Accrued payroll and vacation	60	59	56	45	34
Deferred revenue	28	30	23	20	16
Operating lease liabilities	28	20	19	—	—
Accrued expenses and other current liabilities	80	75	64	60	63
Current liabilities before client funds obligation	231	241	207	169	144
Client funds obligation	5,137	3,666	2,328	2,208	1,847
Total current liabilities	5,368	3,907	2,535	2,377	1,990
Deferred income tax liabilities, net	304	150	144	141	146
Long-term deferred revenue	122	115	108	98	85
Long-term operating lease liabilities	62	63	57	—	—
Other long-term liabilities	11	50	52	75	73
Total long-term liabilities	499	377	360	343	331
Total liabilities	5,867	4,284	2,895	2,720	2,321
"Commitments and contingencies (Note 12 ""Commitments and Contingencies"")"	—	—	—	—	—
Common stock, $0.01 par value (100.0 shares authorized, 63.6 and 63.0 shares issued at December 31, 2025 and December 31, 2024, respectively; 54.8 and 55.9 shares outstanding at December 31, 2025 and December 31, 2024, respectively)	600,000	600,000	600,000	625,000	623,000
Additional paid-in capital	878	725	724	577	466
Retained earnings	2,256	1,888	1,470	1,197	916
Accumulated other comprehensive earnings (loss)	300,000	−600,000	−1	−4	—
Treasury stock, at cost (8.8 and 7.1 shares at December 31, 2025 and December 31, 2024, respectively)	−1,403	−1,036	−891	−588	−488
Total stockholders equity	1,732	1,576	1,303	1,183	894
Total liabilities and stockholders equity	7,599	5,860	4,198	3,903	3,215

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	453	502	341	281	196
Depreciation and amortization	176	146	114	93	67
Stock-based compensation expense	119	−23	130	95	98
Amortization of debt issuance costs	1	1	1	800,000	36,000
Loss on extinguishment of debt	—	—	1	—	—
Gain on disposition of property and equipment	−100,000	—	23,000	−200,000	146,000
Accretion of discount on available-for-sale securities	−13	−100,000	−500,000	−1	−452,000
Non-cash marketing expense	1	2	2	2	1
Deferred income taxes, net	154	6	3	−3	33
Gain on modification of naming rights agreement	−36	—	—	—	—
Other	800,000	−500,000	100,000	−2	—
Accounts receivable	−6	−23	6	−13	−360,000
Prepaid expenses	2	−7	−7	−7	−6
Inventory	−300,000	0	200,000	−200,000	481,000
Other assets	−7	−3	−10	−4	−8
Deferred contract costs	−90	−120	−128	−122	−103
Income taxes, net	−66	7	−13	11	−6
Accounts payable	−16	9	−5	12	−660,000
Accrued commissions and bonuses	−5	3	2	6	9
Accrued payroll and vacation	1	3	11	11	10
Deferred revenue	6	14	13	16	15
Accrued expenses and other current liabilities	5	17	22	−10	17
Net change in operating right-of-use assets and operating lease liabilities	−2	700,000	1	200,000	—
Net cash provided by operating activities	679	534	485	365	319
Purchases of investments from funds held for clients	−836	−25	−25	−269	−399
Proceeds from investments from funds held for clients	500	200	25	382	267
Purchases of intangible assets	−5	−4	−4	−4	−6
Purchases of property and equipment	−271	−193	−193	−133	−121
Proceeds from sale of property and equipment	100,000	—	100,000	—	—
Net cash used in investing activities	−611	−22	−197	−23	−258
Repurchases of common stock	−326	−123	−287	−95	—
Withholding taxes paid related to net share settlements	−45	−22	−14	−5	−66
Payments on long-term debt	—	—	−29	−29	−2
Dividends paid	−85	−85	−65	—	—
Proceeds from employee stock purchase plan	6	—	—	—	—
Net change in client funds obligation	1,471	1,338	120	361	233
Payment of debt issuance costs	—	—	−700,000	−6	—
Net cash provided by (used in) financing activities	1,022	1,108	−275	255	166
Increase in cash, cash equivalents, restricted cash and restricted cash equivalents	1,090	1,620	14	596	227
Cash paid for interest, net of amounts capitalized	2	2	1	500,000	2,000
Cash paid for income taxes, net of income tax refunds	78	135	139	101	33
Purchases of property and equipment, accrued but not paid	1	4	9	6	8
Stock-based compensation for capitalized software	25	18	15	9	7
Right of use assets obtained in exchange for operating lease liabilities	24	25	50	22	14

Filings

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