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Paycom Software PAYC Recurring — Revenue

Other product segments

Interest On Funds Held For Clients
$26M-8.8%
Implementation And Other
$7.3M+21.7%

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Other financials

Income statement

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Revenue$531.2M+9.8%
Gross profit$442.1M+11.6%
Operating income$168.5M+50.0%
Net income$107.4M+20.0%
EPS (diluted)$2.34+48.1%

Balance sheet

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Cash & equivalents$198.0M-62.8%
Total debt$982.8M+1,110%
Total equity$571.5M-68.3%
Total assets$5.2B+29.1%

Cash flow

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Operating cash flow$213.8M+74.5%
CapEx$23.7M-61.6%
Free cash flow$190.1M+213%

Valuation

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Market cap$10.07B-19.5%
Enterprise value$10.85B-10.0%
P/E20.7×-9.4×
P/S4.7×-1.7×

Profitability

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Gross margin83.7%+1.2pp
Operating margin30.3%+2.2pp
Net margin22.8%+1.6pp
FCF margin26.9%+8.5pp

Returns & leverage

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Return on equity41.1%+15.3pp
Debt / equity1.7×+1.7×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by Paycom Software in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Paycom Software’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338010
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues
Recurring$497.9$449.1$1,035.2$942.5
Implementation and other7.36.014.012.6
Interest on funds held for clients26.028.553.959.0
Total revenues531.2483.61,103.11,014.1
Cost of revenues
Operating expenses64.668.4127.5134.8
Depreciation and amortization24.519.148.937.4

Item 1. Financial Statements

FAQ

What is Paycom Software's recurring — revenue?
Paycom Software (PAYC) reported recurring — revenue of $497.9M in Q2 2026.
How has Paycom Software's recurring — revenue changed year-over-year?
Paycom Software's recurring — revenue increased by 10.9% year-over-year, from $449.1M to $497.9M.
What is the long-term trend for Paycom Software's recurring — revenue?
Over 4 years (2021 to 2025), Paycom Software's recurring — revenue has grown at a 16.5% compound annual growth rate (CAGR), from $1.04B to $1.91B.
What does recurring — revenue mean?
This metric represents the total revenue generated from the company's core recurring service offerings, excluding any pass-through assessed taxes collected from customers. It serves as a primary indicator of the scale and stability of the company's subscription-based business model. By isolating recurring revenue, investors can better assess the underlying growth trajectory and predictability of the company's primary service operations.

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