Paycom Software Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,939	1,758	1,586	1,343	1,056
Other Revenue	113	124.9	108	32.7	-
Revenue	2,052	1,883	1,694	1,375	1,056
Revenue Growth (YoY)	8.95%	11.19%	23.16%	30.29%	25.44%
Cost of Revenue	263	267.4	223.7	169.8	130.48
Gross Profit	1,789	1,616	1,470	1,205	925.05
Selling, General & Admin	761.8	710.5	705.7	585.7	485.83
Research & Development	283.4	242.6	199	148.3	118.43
Operating Expenses	1,222	1,099	1,019	826.7	671.48
Operating Income	567.2	516.8	451.3	378.7	253.57
Interest Expense	-3.4	-3.4	-1.9	-2.5	-
Other Non Operating Income (Expenses)	55.6	18.1	24.2	13.2	2.54
EBT Excluding Unusual Items	619.4	531.5	473.6	389.4	256.11
Gain (Loss) on Sale of Assets	-	-	-	0.2	-0.15
Other Unusual Items	-	117.5	-1.2	-	-
Pretax Income	619.4	649	472.4	389.6	255.96
Income Tax Expense	166	147	131.6	108.2	60
Net Income	453.4	502	340.8	281.4	195.96
Net Income to Common	453.4	502	340.8	281.4	195.96
Net Income Growth	-9.68%	47.30%	21.11%	43.60%	36.60%
Shares Outstanding (Basic)	56	56	58	58	58
Shares Outstanding (Diluted)	56	56	58	58	58
Shares Change (YoY)	-0.36%	-2.93%	-0.34%	0.01%	-0.16%
EPS (Basic)	8.13	8.93	5.91	4.86	3.39
EPS (Diluted)	8.08	8.92	5.88	4.84	3.37
EPS Growth	-9.42%	51.70%	21.49%	43.62%	36.99%
Free Cash Flow	408	341	292.4	232.4	198.67
Free Cash Flow Per Share	7.27	6.06	5.04	3.99	3.41
Dividend Per Share	-	1.500	1.125	-	-
Dividend Growth	-	33.33%	-	-	-
Gross Margin	87.18%	85.80%	86.79%	87.65%	87.64%
Operating Margin	27.64%	27.44%	26.65%	27.54%	24.02%
Profit Margin	22.10%	26.66%	20.12%	20.46%	18.57%
Free Cash Flow Margin	19.89%	18.11%	17.26%	16.90%	18.82%
EBITDA	743.5	579.6	503.3	424.1	284.29
EBITDA Margin	36.24%	30.78%	29.72%	30.84%	26.93%
D&A For EBITDA	176.3	62.8	52	45.4	30.72
EBIT	567.2	516.8	451.3	378.7	253.57
EBIT Margin	27.64%	27.44%	26.65%	27.54%	24.02%
Effective Tax Rate	26.80%	22.65%	27.86%	27.77%	23.44%
Revenue as Reported	2,052	1,883	1,694	1,375	1,056
Advertising Expenses	-	86.3	106.8	90.6	71.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.