Paycom Software, Inc.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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, 2026 · Filed May 7, 2026
PAYC$237.96+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income | $155.7 | $139.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 51.1 | 39.9 |
| Stock-based compensation expense | 14.1 | 22.2 |
| Amortization of debt issuance costs | 0.2 | 0.3 |
| Loss on disposition of property and equipment | 2.9 | — |
| Accretion of discount on available-for-sale securities | (1.3) | (1.3) |
| Non-cash marketing expense | 0.1 | 0.4 |
| Deferred income taxes, net | 2.0 | (6.2) |
| Gain on modification of naming rights agreement | (9.0) | — |
| Other | — | 0.1 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4.6) | 7.9 |
| Prepaid expenses | (15.1) | (4.5) |
| Inventory | 0.1 | — |
| Other assets | 2.4 | 0.3 |
| Deferred contract costs | (20.1) | (31.4) |
| Income taxes, net | 57.6 | 54.9 |
| Accounts payable | 2.4 | (14.4) |
| Accrued commissions and bonuses | (13.9) | (13.4) |
| Accrued payroll and vacation | (17.5) | (12.5) |
| Deferred revenue | 3.9 | 4.1 |
| Accrued expenses and other liabilities | 1.5 | (4.0) |
| Net change in operating right-of-use assets and operating lease liabilities | 1.4 | 0.7 |
| Net cash provided by operating activities | 213.8 | 182.5 |
| Cash flows from investing activities | ||
| Purchases of investments from funds held for clients | (166.6) | (342.2) |
| Proceeds from investments from funds held for clients | 167.0 | — |
| Purchases of property and equipment | (31.2) | (37.7) |
| Net cash used in investing activities | (30.8) | (379.9) |
| Cash flows from financing activities | ||
| Proceeds from borrowings under credit facility | 675.0 | — |
| Repurchases of common stock | (1,054.3) | — |
| Withholding taxes paid related to net share settlements | (6.1) | (5.2) |
| Dividends paid | (17.7) | (21.1) |
| Proceeds from employee stock purchase plan | 3.6 | — |
| Net change in client funds obligation | (2,512.3) | (1,426.0) |
| Net cash used in financing activities | (2,911.8) | (1,452.3) |
| Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | (2,728.8) | (1,649.7) |
| Cash, cash equivalents, restricted cash and restricted cash equivalents | ||
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period | 5,132.5 | 4,042.8 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | $2,403.8 | $2,393.1 |
Unaudited Consolidated Statements of Cash Flows, continued
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Reconciliation of cash, cash equivalents, restricted cash and restricted cash equivalents | ||
| Cash and cash equivalents | $153.9 | $520.8 |
| Restricted cash included in funds held for clients | 2,249.8 | 1,872.3 |
| Total cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | $2,403.8 | $2,393.1 |
| Supplemental disclosures of cash flow information: | ||
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment, accrued but not paid | $2.0 | $5.5 |
| Stock-based compensation for capitalized software | $0.3 | $5.3 |
| Right-of-use assets obtained in exchange for operating lease liabilities | $2.9 | $2.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.