Business
Paycom Software, Inc. Reports First Quarter 2025 Results
OKLAHOMA CITY, May 07, 2025--Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended March 31, 2025.
About this update from Paycom Software, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/business-wire.com/e28b1ffe9e6bdb57724f2b6f302da1eb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.8KA5B_Pzgtwo8Z.Y5osDg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e28b1ffe9e6bdb57724f2b6f302da1eb","width":400,"height":400}},"lazy":false},{"type":"text","content":"First Quarter Revenues of $531 million, up 6% year-over-year","length":60,"tagName":"p"},{"type":"text","content":"First Quarter GAAP Net Income of $139 million, representing 26% of total revenues, or $2.48 per diluted share","length":109,"tagName":"p"},{"type":"text","content":"First Quarter Non-GAAP Net Income of $158 million, or $2.80 per diluted share","length":77,"tagName":"p"},{"type":"text","content":"First Quarter Adjusted EBITDA of $253 million, representing 48% of total revenues","length":81,"tagName":"p"},{"type":"text","content":"OKLAHOMA CITY, May 07, 2025--(BUSINESS WIRE)--Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended March 31, 2025.","length":298,"tagName":"p"},{"type":"text","content":""We delivered strong results in the first quarter, led by our differentiated approach to automation, strong sales execution and operational efficiency gains," said Paycom founder, CEO and chairman, Chad Richison. "Our investments in automation, client ROI achievement and world-class service are paying off. With our accelerating momentum and expanding margins, I am pleased to be able to raise our outlook for 2025."","length":437,"tagName":"p"},{"type":"text","content":"Financial Highlights for the First Quarter of 2025","length":50,"tagName":"p"},{"type":"text","content":"Total Revenues of $530.5 million represented a 6.1% increase compared to total revenues of $499.9 million in the same period last year. Recurring and other revenues of $500.0 million increased 7.3% from the comparable prior year period and constituted 94.2% of total revenues.","length":276,"tagName":"p"},{"type":"text","content":"GAAP Net Income was $139.4 milli...