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 29 h ago 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

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	FCF	Total debt	Cash
2025	$2.1B	$453M	83.2%	27.6%	$408M	—	$370M
2024	$1.9B	$502M	82.2%	33.7%	$341M	—	$402M
2023	$1.7B	$341M	83.7%	26.6%	$292M	—	$294M
2022	$1.4B	$281M	84.5%	27.5%	$232M	$29M	$401M
2021	$1.1B	$196M	84.7%	24.0%	$199M	$29M	$278M
2020	$841M	$143M	85.3%	22.1%	$133M	$31M	$152M
2019	$738M	$181M	85.1%	30.7%	$131M	$33M	$134M
2018	$566M	$137M	84.0%	30.7%	$125M	$34M	$46M
2017	$433M	$123M	83.4%	30.0%	$71M	$35M	$46M
2016	$329M	$70M	83.6%	30.9%	$55M	$30M	$60M
2015	—	$21M	—	—	—	$26M	$51M
2014	—	$6M	—	—	—	$27M	$25M
2013	—	$601000	—	—	—	$21M	$13M
2012	—	-$403000	—	—	—	—	$13M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Mar '26	$572M	$156M	84.7%	36.8%	$183M	$675M	$154M
Dec '25	$544M	$114M	83.9%	28.9%	$123M	—	$370M
Sep '25	$493M	$111M	82.7%	22.8%	$80M	—	$375M
Jun '25	$484M	$90M	81.9%	23.2%	$61M	—	$532M
Mar '25	$531M	$139M	84.1%	34.9%	$145M	—	$521M
Dec '24	$494M	$114M	83.0%	30.1%	$109M	—	$402M
Sep '24	$452M	$73M	80.5%	23.2%	$45M	—	$326M
Jun '24	$438M	$68M	80.8%	21.7%	$87M	—	$347M
Mar '24	$500M	$247M	84.3%	57.2%	$101M	—	$371M
Dec '23	$435M	$82M	82.8%	24.6%	$78M	—	$294M
Sep '23	$406M	$75M	83.0%	23.8%	$46M	$29M	$484M
Jun '23	$401M	$65M	83.2%	21.8%	$63M	$29M	$537M
Mar '23	$452M	$119M	85.6%	35.5%	$105M	$29M	$506M
Dec '22	$371M	$80M	84.1%	28.6%	$88M	$29M	$401M
Sep '22	$334M	$52M	83.5%	22.2%	$43M	$29M	$317M
Jun '22	$317M	$57M	84.2%	22.8%	$18M	$29M	$279M
Mar '22	$354M	$92M	86.3%	35.7%	$83M	$29M	$361M
Dec '21	$285M	$49M	83.7%	24.1%	$56M	$29M	$278M
Sep '21	$256M	$30M	83.3%	16.9%	$59M	$30M	$231M
Jun '21	$242M	$52M	85.0%	19.4%	$20M	$30M	$202M

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 51.5× (Mar '23) to 13.1× (Jun '26).
The price-to-sales ratio has fallen from 10.5× (Mar '23) to 2.9× (Jun '26).
The dividend yield has risen from 0.7% (Jan '24) to 1.4% (Jun '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?

As of Jun '26, Paycom Software, Inc. traded at a price-to-earnings ratio of about 13.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.