PAYC · Paycom Software, Inc.

Paycom Software delivered first-quarter 2026 results with total revenues of $571.9 million, reflecting a 7.8% year-over-year increase driven by 8.8% growth in recurring revenues, which comprised 95.1% of total revenues. GAAP net income rose to $155.7 million or $3.04 per diluted share from $139.4 million or $2.48 per share last year, while non-GAAP net income reached $161.3 million or $3.15 per share. Adjusted EBITDA expanded to $275.4 million, or 48% of revenues, up from $253.2 million, underscoring strong operational efficiency. CEO Chad Richison highlighted execution on full-solution automation, client ROI, and service, with products like Beti, GONE, and IWant boosting engagement and positioning Paycom as an AI leader in HCM, serving only 5% of its addressable market. Balance sheet changes included cash and equivalents dropping to $153.9 million from $370.0 million at year-end 2025, after paying $17.7 million in dividends and repurchasing 8,375,443 shares for $1.060 billion. Long-term debt appeared at $675.0 million as of March 31, 2026. For full-year 2026, Paycom guided total revenues to $2.175-$2.195 billion (6-7% growth), recurring revenue growth of 7-8%, client funds interest of $103 million, and adjusted EBITDA of $950-$970 million (44% margin at midpoint). These figures signal steady growth amid strategic investments in automation and client retention, with capital returns reinforcing shareholder value.