PAYC Financials Paycom Software, Inc.

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:12 UTC Overview →

Growth & profitability

Revenue has grown 19.5% per year over the past 5 years.
Net income has grown faster than revenue (25.9% vs 19.5% per year).
Operating margin has expanded, at 27.6% in the latest year.
Free cash flow has grown 25.1% per year over the past 5 years.

Financial health

Total debt has grown slower than revenue (-3.9% vs 19.5% per year).
Operating income covered interest expense 167× in the latest year, down from 9796× 5 years ago.

Shareholder returns

Dividends have been paid for 3 consecutive years, consuming 18.7% of earnings and 20.8% of free cash flow.
The dividend has grown 14.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$2.1B	$453M	83.2%	27.6%	26.2%	6.0%	$408M	—	$370M
2024	$1.9B	$502M	82.2%	33.7%	31.9%	8.6%	$341M	—	$402M
2023	$1.7B	$341M	83.7%	26.6%	26.2%	8.1%	$292M	—	$294M
2022	$1.4B	$281M	84.5%	27.5%	23.8%	7.2%	$232M	$29M	$401M
2021	$1.1B	$196M	84.7%	24.0%	21.9%	6.1%	$199M	$29M	$278M
2020	$841M	$143M	85.3%	22.1%	21.9%	5.5%	$133M	$31M	$152M
2019	$738M	$181M	85.1%	30.7%	34.3%	7.3%	$131M	$33M	$134M
2018	$566M	$137M	84.0%	30.7%	40.9%	9.0%	$125M	$34M	$46M
2017	$433M	$123M	83.4%	30.0%	43.9%	8.0%	$71M	$35M	$46M
2016	$329M	$70M	83.6%	30.9%	34.2%	6.5%	$55M	$30M	$60M
2015	—	$21M	—	—	21.3%	2.4%	—	$26M	$51M
2014	—	$6M	—	—	7.6%	0.7%	—	$27M	$25M
2013	—	$601000	—	—	11.8%	0.1%	—	$21M	$13M
2012	—	-$403000	—	—	—	—	—	—	$13M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$531M	$107M	83.2%	31.7%	18.8%	2.1%	$190M	$900M	$198M
Mar '26	$572M	$156M	84.7%	36.8%	19.2%	3.2%	$183M	$675M	$154M
Dec '25	$544M	$114M	83.9%	28.9%	6.6%	1.5%	$123M	—	$370M
Sep '25	$493M	$111M	82.7%	22.8%	6.5%	2.6%	$80M	—	$375M
Jun '25	$484M	$90M	81.9%	23.2%	5.0%	2.2%	$61M	—	$532M
Mar '25	$531M	$139M	84.1%	34.9%	8.1%	3.0%	$145M	—	$521M
Dec '24	$494M	$114M	83.0%	30.1%	7.2%	1.9%	$109M	—	$402M
Sep '24	$452M	$73M	80.5%	23.2%	5.0%	2.1%	$45M	—	$326M
Jun '24	$438M	$68M	80.8%	21.7%	4.8%	1.6%	$87M	—	$347M
Mar '24	$500M	$247M	84.3%	57.2%	17.2%	5.2%	$101M	—	$371M
Dec '23	$435M	$82M	82.8%	24.6%	6.3%	1.9%	$78M	—	$294M
Sep '23	$406M	$75M	83.0%	23.8%	5.3%	2.0%	$46M	$29M	$484M
Jun '23	$401M	$65M	83.2%	21.8%	4.6%	1.6%	$63M	$29M	$537M
Mar '23	$452M	$119M	85.6%	35.5%	8.9%	2.8%	$105M	$29M	$506M
Dec '22	$371M	$80M	84.1%	28.6%	6.8%	2.0%	$88M	$29M	$401M
Sep '22	$334M	$52M	83.5%	22.2%	4.8%	1.6%	$43M	$29M	$317M
Jun '22	$317M	$57M	84.2%	22.8%	5.8%	1.2%	$18M	$29M	$279M
Mar '22	$354M	$92M	86.3%	35.7%	9.1%	1.7%	$83M	$29M	$361M
Dec '21	$285M	$49M	83.7%	24.1%	5.4%	1.5%	$56M	$29M	$278M
Sep '21	$256M	$30M	83.3%	16.9%	3.7%	0.7%	$59M	$30M	$231M

Valuation over time

How the market has priced PAYC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 48.7× (Mar '23) to 26.2× (Nov '26).
The price-to-sales ratio has fallen from 10.0× (Mar '23) to 5.8× (Nov '26).
The dividend yield has fallen from 0.8% (Jan '24) to 0.7% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is PAYC growing its revenue and profit?

Over the past 5 years, Paycom Software, Inc.'s revenue has grown 19.5% per year, and net income grown 25.9% per year. These are computed facts, not advice.

How much debt does PAYC have?

As of FY2025, Paycom Software, Inc. reported — of total debt against $370M of cash; operating income covered interest expense 167×.

What is PAYC's profit margin?

In FY2025, gross margin was 83.2%, operating margin 27.6%, and net margin 22.1%.

What is PAYC's P/E ratio?

Paycom Software, Inc.'s P/E (TTM) is 24.32 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PAYC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.