Paycom Software Inc

For the period ended Mar 31, 2024. Filed May 2, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 2, 2024

PAYC$237.96+0.6%Stored close · as of Nov 10, 2026

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Contents

Unaudited Consolidated Statements of Comprehensive Income

(in thousands, except per share amounts)

	Three Months Ended March 31,
	2024	2023
Revenues
Recurring	$491,896	$444,421
Implementation and other	7,985	7,216
Total revenues	499,881	451,637
Cost of revenues
Operating expenses	63,670	53,085
Depreciation and amortization	14,961	12,147
Total cost of revenues	78,631	65,232
Administrative expenses
Sales and marketing	115,524	103,574
Research and development	50,509	42,669
General and administrative	(48,104)	65,605
Depreciation and amortization	17,507	14,125
Total administrative expenses	135,436	225,973
Total operating expenses	214,067	291,205
Operating income	285,814	160,432
Interest expense	(782)	(837)
Other income (expense), net	5,009	6,004
Income before income taxes	290,041	165,599
Provision for income taxes	42,854	46,303
Net income	$247,187	$119,296
Earnings per share, basic	$4.37	$2.06
Earnings per share, diluted	$4.37	$2.06
Weighted average shares outstanding:
Basic	56,546	57,867
Diluted	56,552	57,991
Comprehensive earnings:
Net income	$247,187	$119,296
Unrealized net gains on available-for-sale securities	837	1,050
Tax effect	(293)	(200)
Other comprehensive income, net of tax	544	850
Comprehensive earnings	$247,731	$120,146

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.