Citable filing context
PAYC's research view summarizes recent SEC filing context, starting with earnings from Aug 5, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 5, 2026 | earnings | Paycom reported Q2 2026 revenue of $531 million, a 10% increase year-over-year, and raised its full-year outlook. |
| Aug 3, 2026 | dividend_change | Paycom Software, Inc. declared a regular quarterly cash dividend of $0.375 per share. |
| Jul 9, 2026 | management_change | Paycom appointed Craig E. Boelte and William Kerber to its board of directors, increasing board size to eight. |
| Aug 5, 2026 | Guidance: adjusted_ebitda | 1007.00 to 1022.00 |
| Aug 5, 2026 | Guidance: interest_on_funds_held_for_clients | not reported to 105.00 |
| Aug 5, 2026 | Guidance: recurring_and_other_revenue_growth | 8.00 to 9.00 |
| Aug 6, 2026 | mda_quarterly | Paycom Software continues to drive growth through its cloud-based human capital management (HCM) solution, emphasizing AI-driven automation via its "IWant" command-driven engine. For the six months ended June 30, 2026, total revenues reached $1.1 billion, a 9% increase year-over-year, fueled by new client acquisitions and increased adoption of additional applications. While recurring revenue grew, interest income on funds held for clients declined due to lower interest rates, despite an increase in average client fund balances to $3.0 billion. Operational efficiency remains a priority; automation initiatives have successfully reduced headcount, leading to lower employee-related expenses. This contributed to a 27% increase in operating income to $378.7 million for the six-month period. The company maintains a strong liquidity position, supported by a $2.125 billion revolving credit facility, of which $900 million was outstanding as of June 30, 2026. Capital allocation is heavily focused on shareholder returns, with $1.4 billion utilized for share repurchases during the first half of 2026. Key risks include intense competition in the HCM market, sensitivity to labor market fluctuations, and potential interest rate volatility affecting both investment income and floating-rate debt obligations. |
| May 7, 2026 | mda_quarterly | Paycom’s total revenues for the first quarter of 2026 increased 7.8% to $571.9 million, with recurring and other revenues rising 8.8% to $544.0 million. This growth was driven by new client acquisitions and increased application adoption, though partially offset by attrition among smaller clients. Interest income on funds held for clients decreased 8.9% to $27.8 million due to lower interest rates, despite average daily balances increasing to $3.1 billion. Operating income grew 13.5% to $210.2 million, aided by headcount reductions resulting from core business automation. The company is prioritizing AI and automation, highlighted by the IWant command-driven AI engine, to improve client ROI and retention. Strategic growth targets include larger organizations with over 1,000 employees and international expansion via the Global HCM solution. Key risks include intense HCM market competition and revenue sensitivity to labor market fluctuations. To support capital allocation, Paycom increased its Revolving Credit Facility to $2.125 billion and approved a new $2.0 billion stock repurchase plan in May 2026, while maintaining a quarterly dividend of $0.375 per share. |
Source: SEC EDGAR filing text and events; period Aug 5, 2026; filed Aug 5, 2026.
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