Paycom Software Inc

For the period ended Mar 31, 2025. Filed May 8, 2025.

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, 2025 · Filed May 8, 2025

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

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Contents

Unaudited Consolidated Statements of Comprehensive Income

(in millions, except per share amounts)

	Three Months Ended March 31,
	2025	2024
Revenues
Recurring and other	$500.0	$466.0
Interest on funds held for clients	30.5	33.9
Total revenues	530.5	499.9
Cost of revenues
Operating expenses	66.3	63.7
Depreciation and amortization	18.3	15.0
Total cost of revenues	84.6	78.7
Administrative expenses
Sales and marketing	110.9	115.5
Research and development	62.3	50.5
General and administrative	66.0	(48.1)
Depreciation and amortization	21.6	17.5
Total administrative expenses	260.8	135.4
Total operating expenses	345.4	214.1
Operating income	185.1	285.8
Interest expense	(0.8)	(0.8)
Other income (expense), net	6.0	5.0
Income before income taxes	190.3	290.0
Provision for income taxes	50.9	42.8
Net income	$139.4	$247.2
Earnings per share, basic	$2.49	$4.37
Earnings per share, diluted	$2.48	$4.37
Weighted average shares outstanding:
Basic	56.0	56.5
Diluted	56.3	56.6
Comprehensive earnings:
Net income	$139.4	$247.2
Unrealized net gains on available-for-sale securities	0.6	0.8
Tax effect	(0.1)	(0.3)
Other comprehensive income, net of tax	0.5	0.5
Comprehensive earnings	$139.9	$247.7

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.