Paycom Software, Inc.

PAYC Technology Software Application

Paycom Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 8.95% from fiscal 2024. In the quarter to June 2026, revenue grew 9.84%, EPS grew 47.2% and free cash flow grew 212.7%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for ten, operating cash flow growth for ten.

250.52 2.35 −0.93%
Market cap
$11.2B
P/E
26.6×
Fwd P/E
14.5×
Dividend yield
0.60%
F-score
6/9
Altman Z
1.92
Beneish M
−1.55
Dividend safety
88/100

Insider Decisions trades per month

Total sells 1.60
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 2 — — — — 1 — — 1 — —
Insider Ownership 17.93%

Capital & Financial Ratios $m

Market Cap 11,200.00
Revenue 2,140.70
Net Income 487.60
Free Cash Flow 575.20
Net Debt 702.00
Current Ratio 1.07
Debt/Equity 1.57
P/E ratio 26.57
Fwd P/E 14.50
P/S ratio 5.36
P/B ratio 20.08 (above 6: high)
Past 5Y EPS Growth 26.85% (at or above 15%: strong)
This Y EPS Growth 30.88% (at or above 15%: strong)
Next Y EPS Growth 15.57% (at or above 15%: strong)
Next Y revenue growth 7.67%
Next 5Y EPS Growth 18.74% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 18.02%
10-year low 10-year high
P/S against its own 10 years 12.64%
10-year low 10-year high
P/B against its own 10 years 51.90%
10-year low 10-year high
EV/Sales against its own 10 years 14.71%
10-year low 10-year high
EV/FCF against its own 10 years 7.30%
10-year low 10-year high

Dividends

Payout Ratio 0.16
Annual Dividend Rate 1.50
Annual Dividend Yield 0.60%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.47
0.38
0.38
0.38
2025 1.50
0.38
0.38
0.38
0.38
2024 1.88
0.38
0.38
0.38
0.38
0.38
2023 1.13
0.38
0.38
0.38
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 294 402 370 198
Receivables 35 51 123 57
Inventory 1 1 2 2
Other 2,327 3,666 5,137 3,006
2,813 4,305 5,839 3,483
2023 2024 2025 Q'26
Payables 14 24 7 8
ST’ Debt — — — —
Other 2,328 3,666 5,137 3,006
2,535 3,907 5,368 3,243

Compound Annual Growth %

10y 5y 3y
Sales 24.76% 19.51% 14.27%
Cash Flow 31.78% 24.47% 22.97%
Earnings 36.00% 25.88% 17.23%
Book Value 33.22% 21.44% 13.55%

Revenue $m

Mar Jun Sep Dec Year
’26 572 531 — — —
’25 531 484 493 544 2,052
’24 500 438 452 494 1,883
’23 452 401 406 435 1,694
’22 354 317 334 371 1,375
’21 272 242 256 285 1,056
’20 242 182 197 221 841
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 214 214 — — —
’25 183 123 178 196 679
’24 149 132 93 160 534
’23 146 106 99 134 485
’22 117 52 68 128 365
’21 89 57 83 90 319
’20 82 25 67 53 227
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 183 190 — — —
’25 145 61 80 118 404
’24 101 87 45 105 337
’23 105 63 46 73 288
’22 83 18 43 84 228
’21 64 20 58 52 193
’20 56 (1) 46 32 133
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 3.04 2.34 — — —
’25 2.48 1.58 1.96 2.07 8.08
’24 4.37 1.20 1.31 2.02 8.92
’23 2.06 1.11 1.30 1.43 5.88
’22 1.58 0.99 0.90 1.38 4.84
’21 1.11 0.90 0.52 0.84 3.37
’20 1.08 0.49 0.47 0.42 2.46
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 22.42 42.52 79.18 115.03 163.42 302.44 255.82 146.15 139.50 156.50

Analyst estimates 2026–2028

Powerpack
High 52.93 86.10 164.08 279.95 471.08 558.97 416.09 374.04 242.74 267.76
People
People Employees 2,075 2,548 3,050 3,765 4,218 5,385 6,349 7,308 7,306 5,770
Revenue/emp, $m 0.16 0.17 0.19 0.20 0.20 0.20 0.22 0.23 0.26 0.36
Income, $m
Income, $m Revenue 329 433 566 738 841 1,056 1,375 1,694 1,883 2,052
Gross margin, % 83.57 83.37 83.97 85.12 85.32 84.66 84.53 83.69 82.23 83.17
EBT 101 128 175 226 186 256 390 472 649 619
EBT margin, % 30.69 29.50 30.85 30.65 22.10 24.25 28.33 27.89 34.46 30.19
Net income 70 123 137 181 143 196 281 341 502 453
Depreciation 14 19 30 41 52 67 94 115 147 178
Per share, $
Per share, $ Revenue 5.72 7.49 9.81 12.82 14.60 18.23 23.75 29.35 33.51 36.77
Earnings 1.22 2.14 2.37 3.14 2.49 3.39 4.86 5.91 8.93 8.13
Cash flow 1.72 2.25 3.20 3.90 3.94 5.52 6.31 8.41 9.50 12.17
Capex (0.76) (1.03) (1.04) (1.61) (1.63) (2.18) (2.36) (3.41) (3.51) (4.93)
Free cash flow 0.96 1.22 2.16 2.28 2.31 3.34 3.94 5.00 5.99 7.23
Book value 2.02 4.86 5.80 9.15 11.38 15.44 20.43 22.58 28.04 31.03
Shares, m 58 58 58 58 58 58 58 58 56 56
Valuation, ×
Valuation, × P/E 38.08 40.28 51.45 84.32 181.63 122.84 62.81 34.68 23.00 19.63
P/S 8.13 10.74 12.48 20.66 30.97 22.77 12.83 6.97 6.12 4.33
P/B 22.95 16.54 21.11 28.94 39.75 26.89 14.91 9.06 7.31 5.14
EV/Sales 8.03 10.72 12.46 20.52 30.83 22.53 12.56 6.81 5.92 4.17
EV/FCF 47.81 65.60 56.48 115.27 194.87 119.72 77.51 41.19 33.96 21.88
Cash, $m
Cash, $m Operating cash flow 99 130 185 224 227 319 365 485 534 679
Capex (44) (59) (60) (93) (94) (126) (137) (197) (197) (275)
Free cash flow 55 71 125 131 133 193 228 288 337 404
Balance, $m
Balance, $m Working capital 27 36 36 118 147 262 387 279 398 470
Total debt 30 35 34 33 31 29 29 — — —
Net debt (30) (11) (11) (101) (121) (249) (372) (294) (402) (370)
Shareholders’ equity 117 281 335 527 656 894 1,183 1,303 1,576 1,732
Returns, %
Returns, % ROA 7.20 9.40 8.92 9.01 5.63 6.73 7.91 8.41 9.98 6.74
ROIC 73.77 29.97 33.57 33.22 21.75 24.57 29.19 27.95 33.77 26.04
ROE 65.56 62.09 44.50 41.93 24.27 25.30 27.11 27.42 34.87 27.42
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Paycom Software, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MANH Manhattan Associates, Inc. $13.2B 62.9× 40.5× +9.31% (above 0%: growing) −8.51% (below 0%: shrinking) +27.98% (above 0%: growing) 56.53% 22.24% Compare
FIG Figma, Inc. $12.3B — (loss-making) — (loss-making) +48.25% (above 0%: growing) n/m −16.79% (below 0%: shrinking) 83.66% (31.69%) Compare
GRAB Grab Holdings Limited $12.2B 21.0× 32.6× +21.73% (above 0%: growing) +500.00% (above 0%: growing) −40.38% (below 0%: shrinking) 43.63% 1.91% Compare
HUBS HubSpot, Inc. $11.9B 81.5× 56.8× +19.83% (above 0%: growing) n/m +44.84% (above 0%: growing) 82.35% 4.75% Compare
FROG JFrog Ltd. $11.7B — (loss-making) — (loss-making) +28.73% (above 0%: growing) n/m +51.58% (above 0%: growing) 77.93% (8.09%) Compare
CHYM Chime Financial, Inc. $11.3B — (loss-making) 54.6× +26.81% (above 0%: growing) n/m +749.07% (above 0%: growing) 88.82% 3.18% Compare
PAYC Paycom Software, Inc. $11.2B 26.6× 14.5× +9.84% (above 0%: growing) +47.17% (above 0%: growing) +212.66% (above 0%: growing) 83.23% 31.72%
BSY Bentley Systems, Incorporated $10.9B 38.0× 28.9× +12.80% (above 0%: growing) +13.64% (above 0%: growing) +11.94% (above 0%: growing) 81.99% 21.57% Compare
ESTC Elastic N.V. $10.2B 25.4× 251× +15.13% (above 0%: growing) n/m +26.14% (above 0%: growing) 74.50% (4.93%) Compare
Median of peers $11.8B 38.0× 47.6× +20.78% +13.64% +27.06% 79.96% 2.55%

All 237 Software Application stocks →

Paycom Software, Inc. (PAYC) key facts

  • Strength: Paycom Software, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 billion, up 8.95% from fiscal 2024.
  • Paycom Software, Inc. (PAYC) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, PAYC traded at $250.52, a market capitalization of $11.2 billion.
  • Paycom Software, Inc. pays an annual dividend of $1.50 per share, a yield of 0.60%, with a payout ratio of 15.9%.
  • Return on equity was 27.4% and debt-to-equity 1.57.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.92 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Paycom Software, Inc. (PAYC) Latest News

stockrow.com/PAYC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com