Paycom Software, Inc. (PAYC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 571.9M | 544.3M | 493.3M | 483.6M | 530.5M | 493.87M | 451.93M | 437.5M | 499.9M | 434.6M | 406.3M | 401.14M | 451.64M | 370.61M | 334.17M | 316.92M | 353.52M | 284.99M | 256.19M | 242.15M |
| Revenue Growth % | 7.8% | 10.21% | 9.15% | 10.54% | 6.12% | 13.64% | 11.23% | 9.06% | 10.69% | 17.27% | 21.59% | 26.57% | 27.75% | 30.04% | 30.44% | 30.88% | 29.88% | 28.98% | 30.36% | 33.35% |
| Cost of Goods Sold | 114M | 113.6M | 109M | 87.5M | 84.6M | 83.73M | 88.35M | 83.9M | 78.7M | 74.69M | 68.94M | 67.43M | 65.23M | 59.07M | 55.1M | 50.08M | 48.48M | 46.52M | 42.68M | 36.41M |
| COGS % of Revenue | 19.93% | 20.87% | 22.1% | 18.09% | 15.95% | 16.95% | 19.55% | 19.18% | 15.74% | 17.19% | 16.97% | 16.81% | 14.44% | 15.94% | 16.49% | 15.8% | 13.71% | 16.32% | 16.66% | 15.04% |
| Gross Profit | 457.9M | 430.7M | 384.3M | 396.1M | 445.9M | 410.14M | 363.58M | 353.6M | 421.2M | 359.91M | 337.36M | 333.71M | 386.4M | 311.54M | 279.06M | 266.84M | 305.04M | 238.46M | 213.51M | 205.74M |
| Gross Margin % | 80.07% | 79.13% | 77.9% | 81.91% | 84.05% | 83.05% | 80.45% | 80.82% | 84.26% | 82.81% | 83.03% | 83.19% | 85.56% | 84.06% | 83.51% | 84.2% | 86.29% | 83.68% | 83.34% | 84.96% |
| Gross Profit Growth % | 2.69% | 5.01% | 5.7% | 12.02% | 5.86% | 13.96% | 7.77% | 5.96% | 9% | 15.53% | 20.89% | 25.06% | 26.68% | 30.64% | 30.7% | 29.7% | 29.29% | 26.9% | 28.92% | 35.33% |
| Operating Expenses | 247.7M | 273.5M | 271.7M | 283.8M | 260.8M | 261.67M | 258.71M | 258.5M | 135.4M | 253.18M | 240.46M | 246.44M | 225.97M | 205.7M | 204.8M | 194.53M | 178.77M | 169.84M | 170.21M | 158.65M |
| OpEx % of Revenue | 43.31% | 50.25% | 55.08% | 58.68% | 49.16% | 52.98% | 57.24% | 59.09% | 27.09% | 58.26% | 59.18% | 61.44% | 50.03% | 55.5% | 61.29% | 61.38% | 50.57% | 59.59% | 66.44% | 65.52% |
| Selling, General & Admin | 187M | 201.3M | 197.3M | 186.2M | 176.9M | 173.53M | 175.12M | 177M | 67.4M | 181.19M | 172.99M | 182.4M | 169.18M | 152.75M | 151.81M | 145.64M | 135.5M | 125.11M | 129.72M | 122.04M |
| SG&A % of Revenue | 32.7% | 36.98% | 40% | 38.5% | 33.35% | 35.14% | 38.75% | 40.46% | 13.48% | 41.69% | 42.58% | 45.47% | 37.46% | 41.22% | 45.43% | 45.95% | 38.33% | 43.9% | 50.64% | 50.4% |
| Research & Development | 60.7M | 72.2M | 74.1M | 74.8M | 62.3M | 66.67M | 63.05M | 62.4M | 50.5M | 55.3M | 51.86M | 49.12M | 42.67M | 39.57M | 40.37M | 36.8M | 31.61M | 34.41M | 31.08M | 28.22M |
| R&D % of Revenue | 10.61% | 13.26% | 15.02% | 15.47% | 11.74% | 13.5% | 13.95% | 14.26% | 10.1% | 12.72% | 12.76% | 12.24% | 9.45% | 10.68% | 12.08% | 11.61% | 8.94% | 12.08% | 12.13% | 11.66% |
| Other Operating Expenses | 0 | 0 | 300K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 210.3M | 157.2M | 112.6M | 112.3M | 185.1M | 148.47M | 104.87M | 95.1M | 285.8M | 106.72M | 96.9M | 87.27M | 160.43M | 105.83M | 74.27M | 72.31M | 126.27M | 68.63M | 43.3M | 47.09M |
| Operating Margin % | 36.77% | 28.88% | 22.83% | 23.22% | 34.89% | 30.06% | 23.21% | 21.74% | 57.17% | 24.56% | 23.85% | 21.75% | 35.52% | 28.56% | 22.22% | 22.82% | 35.72% | 24.08% | 16.9% | 19.45% |
| Operating Income Growth % | 13.61% | 5.88% | 7.37% | 18.09% | -35.23% | 39.12% | 8.23% | 8.98% | 78.14% | 0.84% | 30.48% | 20.68% | 27.06% | 54.22% | 71.49% | 53.56% | 33.55% | 89.33% | 27.23% | 77.19% |
| EBITDA | 261.4M | 206.6M | 157.5M | 154.3M | 225.1M | 188.21M | 142.93M | 130.7M | 318.3M | 137.71M | 125.85M | 115M | 186.7M | 130.75M | 97.83M | 94.88M | 147.92M | 87.59M | 60.63M | 63.11M |
| EBITDA Margin % | 45.71% | 37.96% | 31.93% | 31.91% | 42.43% | 38.11% | 31.63% | 29.87% | 63.67% | 31.69% | 30.97% | 28.67% | 41.34% | 35.28% | 29.27% | 29.94% | 41.84% | 30.74% | 23.66% | 26.06% |
| EBITDA Growth % | 16.13% | 9.77% | 10.19% | 18.06% | -29.28% | 36.67% | 13.57% | 13.65% | 70.48% | 5.32% | 28.65% | 21.21% | 26.22% | 49.27% | 61.36% | 50.35% | 35.14% | 73.29% | 26.78% | 59.16% |
| D&A (Non-Cash Add-back) | 51.1M | 49.4M | 44.9M | 42M | 40M | 39.74M | 38.06M | 35.6M | 32.5M | 30.99M | 28.95M | 27.74M | 26.27M | 24.92M | 23.56M | 22.57M | 21.66M | 18.97M | 17.32M | 16.02M |
| EBIT | 210.3M | 160M | 153.9M | 118M | 191.1M | 152.55M | 109.1M | 99.9M | 290.8M | 112.18M | 102.26M | 93.45M | 166.44M | 114.94M | 76.31M | 73.19M | 127.68M | 70M | 43.55M | 47.24M |
| Net Interest Income | -4M | -800K | -1.1M | -800K | -800K | -1.05M | -789K | -800K | -800K | -266K | -222K | -602K | -837K | -949K | -1.02M | -354K | -215K | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 4M | 800K | 1.1M | 800K | 800K | 1.05M | 789K | 800K | 800K | 266K | 222K | 602K | 837K | 949K | 1.02M | 354K | 215K | 0 | 0 | 0 |
| Other Income/Expense | 5M | 2M | 40.2M | 4.9M | 5.2M | 3.03M | 3.44M | 4M | 4.2M | 5.19M | 5.14M | 5.58M | 5.17M | 8.15M | 1.02M | 524K | 1.2M | 1.38M | 244K | 146K |
| Pretax Income | 215.3M | 159.2M | 152.8M | 117.2M | 190.3M | 151.5M | 108.31M | 99.1M | 290M | 111.91M | 102.04M | 92.85M | 165.6M | 113.99M | 75.29M | 72.84M | 127.46M | 70M | 43.55M | 47.24M |
| Pretax Margin % | 37.65% | 29.25% | 30.98% | 24.23% | 35.87% | 30.68% | 23.97% | 22.65% | 58.01% | 25.75% | 25.11% | 23.15% | 36.67% | 30.76% | 22.53% | 22.98% | 36.06% | 24.56% | 17% | 19.51% |
| Income Tax | 59.5M | 45.4M | 42.1M | 27.7M | 50.9M | 37.9M | 35.04M | 31.18M | 42.85M | 30.16M | 26.82M | 28.33M | 46.3M | 34.04M | 23.14M | 15.48M | 35.53M | 21.32M | 13.17M | -5.04M |
| Effective Tax Rate % | 27.64% | 28.52% | 27.55% | 23.63% | 26.75% | 25.02% | 32.35% | 31.46% | 14.78% | 26.95% | 26.29% | 30.51% | 27.96% | 29.86% | 30.73% | 21.26% | 27.88% | 30.45% | 30.24% | -10.67% |
| Net Income | 155.7M | 113.8M | 110.7M | 89.5M | 139.4M | 113.6M | 73.28M | 67.97M | 247.19M | 81.76M | 75.22M | 64.52M | 119.3M | 79.95M | 52.15M | 57.35M | 91.93M | 48.69M | 30.38M | 52.28M |
| Net Margin % | 27.22% | 20.91% | 22.44% | 18.51% | 26.28% | 23% | 16.21% | 15.54% | 49.45% | 18.81% | 18.51% | 16.08% | 26.41% | 21.57% | 15.61% | 18.1% | 26% | 17.08% | 11.86% | 21.59% |
| Net Income Growth % | 11.69% | 0.18% | 51.07% | 31.68% | -43.61% | 38.95% | -2.58% | 5.35% | 107.2% | 2.26% | 44.23% | 12.49% | 29.77% | 64.21% | 71.67% | 9.71% | 42.27% | 99.81% | 10.54% | 82.86% |
| Net Income (Continuing) | 155.7M | 113.8M | 110.7M | 89.5M | 139.4M | 113.6M | 73.28M | 67.97M | 247.19M | 81.76M | 75.22M | 64.52M | 119.3M | 79.95M | 52.15M | 57.35M | 91.93M | 48.69M | 30.38M | 52.28M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.04 | 2.07 | 1.96 | 1.58 | 2.48 | 2.02 | 1.31 | 1.20 | 4.37 | 1.43 | 1.30 | 1.11 | 2.06 | 1.38 | 0.90 | 0.99 | 1.58 | 0.84 | 0.52 | 0.90 |
| EPS Growth % | 22.58% | 2.48% | 49.62% | 31.67% | -43.25% | 41.26% | 0.77% | 8.11% | 112.14% | 3.62% | 44.44% | 12.12% | 30.38% | 64.29% | 73.08% | 10% | 42.34% | 100% | 10.64% | 83.67% |
| EPS (Basic) | 3.05 | 2.07 | 1.97 | 1.59 | 2.49 | 2.03 | 1.31 | 1.20 | 4.37 | 1.43 | 1.30 | 1.11 | 2.06 | 1.38 | 0.90 | 0.99 | 1.58 | 0.84 | 0.52 | 0.90 |
| Diluted Shares Outstanding | 51.2M | 55.1M | 56.4M | 56.3M | 56.3M | 56.2M | 55.96M | 56.77M | 56.55M | 57.23M | 57.97M | 58.03M | 57.99M | 58.04M | 58.03M | 58.07M | 58.22M | 58.24M | 58.19M | 58.09M |
| Basic Shares Outstanding | 51.1M | 54.9M | 56.1M | 56M | 56M | 55.9M | 55.93M | 56.45M | 56.55M | 57.23M | 57.83M | 57.92M | 57.87M | 57.87M | 57.87M | 57.97M | 58.01M | 58.01M | 57.94M | 57.85M |
| Dividend Payout Ratio | 11.37% | 18.19% | 19.15% | 24.36% | 15.14% | 18.59% | 29.05% | 31.18% | 8.58% | 26.26% | 28.76% | 33.68% | - | - | - | - | - | - | - | - |