PaycomPAYCEarnings & Financial Report
Paycom Software, Inc., known simply as Paycom, is an online payroll and human resource software provider based in Oklahoma City, Oklahoma with offices throughout the United States. It is attributed with being one of the first fully online payroll providers. Founded in 1998, it reported annual revenue of $2.052 billion for 2025, up from $1.883 billion for 2024.
Revenue
$437.5M
Gross Profit
$353.6M
Operating Profit
$95.1M
Net Profit
$68.0M
Gross Margin
80.8%
Operating Margin
21.7%
Net Margin
15.5%
YoY Growth
9.1%
EPS
$1.20
Paycom Q2 FY2024 Financial Summary
Paycom reported revenue of $437.5M (up 9.1% YoY) for Q2 FY2024, with a net profit of $68.0M (up 5.4% YoY) (15.5% margin). Cost of goods sold was $83.9M, operating expenses totaled $258.5M.
Key Financial Metrics
| Total Revenue | $437.5M |
|---|---|
| Net Profit | $68.0M |
| Gross Margin | 80.8% |
| Operating Margin | 21.7% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Paycom Q2 FY2024 revenue of $437.5M breaks down across 2 segments, led by Recurring at $430.4M (98.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Recurring | $430.4M | 98.4% |
| Implementation And Other | $7.1M | 1.6% |
Paycom Revenue by Segment — Quarterly Trend
Paycom revenue by segment across the last 4 reported quarters, showing how each business line (such as Recurring and Implementation And Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Recurring | $510.3M | $459.9M | $449.1M | $493.4M |
| Implementation And Other | $6.8M | $6.6M | $6.0M | $6.6M |
Paycom Annual Revenue by Year
Paycom annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.1B |
| 2024 | $1.9B |
| 2023 | $1.7B |
| 2022 | $1.4B |
Paycom Quarterly Revenue & Net Profit History
Paycom results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $544.3M | +10.2% | $113.8M | 20.9% |
| Q3 FY2025 | $493.3M | +9.2% | $110.7M | 22.4% |
| Q2 FY2025 | $483.6M | +10.5% | $89.5M | 18.5% |
| Q1 FY2025 | $530.5M | +6.1% | $139.4M | 26.3% |
| Q4 FY2024 | $493.9M | +13.6% | $113.6M | 23.0% |
| Q3 FY2024 | $451.9M | +11.2% | $73.3M | 16.2% |
| Q2 FY2024 | $437.5M | +9.1% | $68.0M | 15.5% |
| Q1 FY2024 | $499.9M | +10.7% | $247.2M | 49.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $499.9M | $437.5M | $451.9M | $493.9M | $530.5M | $483.6M | $493.3M | $544.3M |
| YoY Growth | 10.7% | 9.1% | 11.2% | 13.6% | 6.1% | 10.5% | 9.2% | 10.2% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.73B | $4.31B | $3.49B | $5.86B | $4.57B | $4.03B | $4.25B | $7.60B |
| Liabilities | $3.30B | $2.89B | $2.03B | $4.28B | $2.86B | $2.23B | $2.54B | $5.87B |
| Equity | $1.44B | $1.43B | $1.46B | $1.58B | $1.72B | $1.80B | $1.71B | $1.73B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $148.6M | $132.1M | $92.8M | $160.4M | $182.5M | $122.5M | $177.8M | $196.1M |