Paycom Software, Inc. earnings

Paycom Software reported second-quarter fiscal 2026 revenue of $531.2 million, an increase of 9.8% from the prior-year quarter. Year-to-date revenue reached $1.10 billion, up 8.8%.

Paycom Software reported first-quarter fiscal 2026 revenue of $571.9 million, up 7.8% from the prior-year quarter. Gross profit rose 8.7% to $484.5 million, and gross margin reached 84.7%, up 0.7 percentage points.

Paycom Software closed fiscal 2025 with a fourth quarter that showed steady top-line growth and a split between revenue and profitability. Revenue rose 10.2% year over year to $544.3 million in the quarter. Full-year revenue rose 8.9% year over year to $2,051.7 million.

Paycom's third quarter revenue was $493.3 million, up 9.2% from the prior-year quarter. Gross profit reached $407.9 million, up 12.2%. Gross margin improved to 82.7%, up 2.2 percentage points. Operating income was $112.6 million, up 7.3%, but operating margin declined to 22.8%, down 0.4 percentage points.

Paycom Software reported second quarter fiscal 2025 revenue of $483.6 million, up 10.5% from the prior-year quarter. Recurring and other revenue did the heavy lifting, rising 12.2% to $455.1 million and accounting for 94.1% of the top line.

Paycom closed fiscal 2025 first quarter with revenue of $530.5 million, up 6.1% year over year. Gross profit rose 5.9% to $445.9 million, and gross margin was 84.1%, down 0.2 percentage points. The top line held up, but GAAP profitability fell sharply.

Paycom's fourth quarter revenue rose 13.6% year over year to $493.87 million. Full-year revenue was $1,883.2 million, up 11.2%. Operating income was $148.47 million in the quarter, up 39.1%, and $634.30 million for the full year, up 40.5%.

Paycom Software closed its third quarter with revenue of $451.9 million, up 11.2% from the prior-year quarter. Year-to-date revenue of $1.39 billion climbed 10.3%. Recurring revenue reached $445.0 million, up 11.6%, and made up 98.5% of the total.

Paycom Software reported second-quarter revenue of $437.5 million, up 9.1% from the prior-year quarter. Year-to-date revenue was $937.4 million, up 9.9%. Gross profit for the quarter was $353.6 million, and the current-quarter gross margin was 80.8%. The year-to-date gross margin was 82.7%.

Paycom Software started fiscal 2024 with first quarter revenue of $499.9 million, up 10.7% from $451.6 million in the same period a year earlier. Recurring revenue reached $491.9 million and represented 98.4% of the total.

Paycom Software closed fiscal 2023 with fourth quarter revenue of $434.6 million, up 17.3% from the same quarter a year earlier. The full year was stronger. Revenue of $1.69 billion rose 23.2%, and gross profit of $1.42 billion rose 21.9%.

Paycom Software reported third quarter fiscal 2023 revenue of $406.3 million, up 21.6% from the prior year quarter. Year-to-date revenue reached $1.26 billion, up 25.3%. Operating income for the quarter was $96.9 million, up 30.5%. Year-to-date operating income was $344.6 million, up 26.3%.

Paycom Software reported results for the quarter ended June 30, 2023. Total revenues were $401.1 million, up 26.6% from the prior-year quarter. GAAP net income was $64.5 million, up 12.5%, and diluted EPS was $1.11, up 12.1%. Operating income rose 20.7% to $87.3 million.

Paycom Software reported first quarter fiscal 2023 total revenues of $451.6 million for the three months ended March 31, 2023, up 27.8% from $353.5 million in the prior-year quarter. Recurring revenues of $444.4 million rose 27.6% and represented 98.4% of the total.

Paycom closed fiscal 2022 with strong top-line and profit growth. Fourth-quarter revenue reached $370.6 million, up 30.0% from the prior-year period. Full-year revenue was $1,375.2 million, up 30.3%.

Paycom closed the third quarter of fiscal 2022 with revenue of $334.2 million, up 30.4% from the prior-year quarter. Operating income was $74.3 million, up 71.5%, and operating margin was 22.2%, up 5.3 percentage points from the prior-year quarter.

Paycom's second quarter revenue climbed 30.9% to $316.9 million from $242.1 million in the comparable prior year period. Recurring revenue carried the quarter at $311.5 million, up 31.1%, and represented 98.3% of the total.

Paycom opened fiscal 2022 with revenue of $353.5 million for the quarter ended March 31, 2022, up 29.9% from the prior-year quarter. GAAP operating income rose 33.6% to $126.3 million. GAAP net income rose 42.3% to $91.9 million, and diluted EPS rose 42.3% to $1.58. Operating margin was 35.7%, up 1.0 percentage point.

Paycom closed fiscal 2021 with fourth-quarter revenue of $284.99 million, up 29.0% from the prior-year quarter. GAAP operating income reached $68.63 million, up 89.3%, and GAAP net income was $48.69 million, up 99.8%. Operating margin improved to 24.1%, up 7.7 percentage points.

Paycom closed the quarter ended September 30, 2021 with total revenues of $256.19 million, up 30.4% from $196.53 million in the comparable prior-year quarter. New clients, productivity gains in mature sales offices and additional applications sold to the existing base drove the increase.

Paycom Software reported second quarter revenue of $242.1 million, up 33.3% from $181.6 million in the prior-year quarter. GAAP net income rose 82.9% to $52.3 million, or $0.90 per diluted share, from $28.6 million, or $0.49 per diluted share.

Paycom Software reported first quarter fiscal 2021 revenue of $272.2 million, up 12.3% from the prior-year quarter. The company attributed the increase to new clients, productivity gains in mature sales offices, sales of additional applications to existing clients, and its tax forms filing business.