cash flow reconciliationreview2018-12-31
Operating, investing and financing flows differ from the reported change in cash by 112037000, beyond tolerance 2477960.00.
Revenue
$2.05B
Fiscal year ended 2025-12-31Operating income
$567.20M
Fiscal year ended 2025-12-31Free cash flow
$408.00M
Fiscal year ended 2025-12-31Paycom Software, Inc. (PAYC) reported revenue of $2.05B and net income of $453.40M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Paycom Software, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.05B | $1.88B | $1.69B | $1.38B | $1.06B | $841.43M | $737.67M | $566.34M | $433.05M | $329.14M |
| Cost of revenue | $345.40M | $334.60M | $276.30M | $212.70M | $161.89M | $123.55M | $109.75M | $90.76M | $72.03M | $54.07M |
| Gross profit | $1.71B | $1.55B | $1.42B | $1.16B | $893.64M | $717.89M | $627.92M | $475.57M | $361.02M | $275.08M |
| Operating income | $567.20M | $634.30M | $451.30M | $378.70M | $253.57M | $186.12M | $226.22M | $173.72M | $129.71M | $101.74M |
| Net income | $453.40M | $502.00M | $340.80M | $281.40M | $195.96M | $143.45M | $180.58M | $137.06M | $123.49M | $70.42M |
| Research & development | $283.40M | $242.60M | $199.00M | $148.30M | $118.43M | $90.24M | $73.08M | $46.25M | $30.43M | $20.97M |
| Weighted-average diluted shares | shares 56.12M | shares 56.30M | shares 57.97M | shares 58.18M | shares 58.19M | shares 58.28M | shares 58.40M | shares 58.58M | shares 58.79M | shares 58.97M |
| Pretax income | $619.40M | $649.00M | $472.40M | $389.60M | $255.96M | $185.94M | $226.09M | $174.71M | $127.73M | $101.01M |
| Income tax expense | $166.00M | $147.00M | $131.60M | $108.20M | $60.00M | $42.48M | $45.51M | $37.65M | $4.25M | $30.59M |
| Diluted EPS | $8.08 | $8.92 | $5.88 | $4.84 | $3.37 | $2.46 | $3.09 | $2.34 | $2.10 | $1.19 |
| Selling, general & administrative | $1.14B | $914.30M | $966.10M | $783.80M | $640.07M | $531.76M | $401.70M | $301.86M | $231.31M | $173.34M |
| General & administrative | Unavailable | Unavailable | $288.14M | $239.13M | $209.84M | $178.20M | $127.53M | $96.60M | $80.23M | $59.17M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $370.00M | $402.00M | $294.00M | $400.70M | $277.98M | $151.71M | $133.67M | $45.72M | $46.08M | $60.16M |
| Total assets | $7.60B | $5.86B | $4.20B | $3.90B | $3.22B | $2.61B | $2.49B | $1.52B | $1.55B | $1.08B |
| Current assets | $5.84B | $4.30B | $2.81B | $2.76B | $2.25B | $1.86B | $1.87B | $1.06B | $1.18B | $925.58M |
| Total liabilities | $5.87B | $4.28B | $2.89B | $2.72B | $2.32B | $1.95B | $1.96B | $1.19B | $1.27B | Unavailable |
| Current liabilities | $5.37B | $3.91B | $2.53B | $2.38B | $1.99B | $1.72B | $1.75B | $1.03B | $1.14B | $898.89M |
| Total equity incl. NCI | $1.73B | $1.58B | $1.30B | $1.18B | $893.70M | $655.64M | $526.63M | $334.75M | $281.25M | $205.69M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $1.70M | $1.40M | $1.40M | $1.61M | $1.13M | $1.15M | $1.16M | $797.00K | $979.00K | $675.00K |
| Accounts receivable | $44.90M | $39.20M | $16.40M | $22.84M | $9.49M | $9.13M | $9.30M | $3.41M | $1.58M | $1.34M |
| Goodwill | $51.90M | $51.90M | $51.90M | $51.89M | $51.89M | $51.89M | $51.89M | $51.89M | $51.89M | $51.89M |
| Long-term debt | Unavailable | Unavailable | Unavailable | $29.00M | $27.38M | $29.12M | $30.86M | $32.61M | $34.41M | $28.71M |
| Accounts payable | $6.60M | $23.90M | $13.90M | $16.05M | $5.77M | $6.79M | $5.05M | $6.29M | $6.49M | $3.74M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $678.90M | $533.90M | $485.00M | $365.10M | $319.36M | $227.21M | $224.26M | $184.82M | $130.15M | $98.82M |
| Capital expenditures | $270.90M | $192.90M | $192.60M | $132.70M | $120.69M | $94.10M | $92.93M | $59.91M | $59.39M | $43.80M |
| Investing cash flow | -$611.20M | -$22.20M | -$196.70M | -$23.30M | -$257.67M | -$117.88M | -$219.54M | -$49.42M | $15.58M | -$204.92M |
| Financing cash flow | $1.02B | $1.11B | -$274.60M | $254.60M | $165.72M | -$165.91M | $650.67M | -$247.80M | $145.66M | $115.54M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | -$359.00K | -$14.08M | $9.44M |
| Stock-based compensation | $118.70M | -$22.90M | $129.80M | $94.90M | $97.51M | $90.11M | $47.27M | $36.58M | $36.08M | $20.72M |
| Common dividends paid | $84.80M | $84.80M | $64.80M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $325.50M | $122.80M | $286.60M | $94.70M | Unavailable | $52.04M | Unavailable | $105.19M | $56.88M | $35.56M |
| Depreciation & amortization | $176.30M | $145.90M | $113.90M | $92.70M | $67.22M | $53.37M | $42.21M | $29.66M | $19.40M | $13.63M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $408.00M | $341.00M | $292.40M | $232.40M | $198.67M | $133.10M | $131.33M | $124.91M | $70.76M | $55.01M |
| Gross margin | 83.2% | 82.2% | 83.7% | 84.5% | 84.7% | 85.3% | 85.1% | 84.0% | 83.4% | 83.6% |
| Operating margin | 27.6% | 33.7% | 26.6% | 27.5% | 24.0% | 22.1% | 30.7% | 30.7% | 30.0% | 30.9% |
| FCF margin | 19.9% | 18.1% | 17.3% | 16.9% | 18.8% | 15.8% | 17.8% | 22.1% | 16.3% | 16.7% |
| SBC / revenue | 5.8% | -1.2% | 7.7% | 6.9% | 9.2% | 10.7% | 6.4% | 6.5% | 8.3% | 6.3% |
| Current ratio | 1.09x | 1.10x | 1.11x | 1.16x | 1.13x | 1.09x | 1.07x | 1.03x | 1.03x | 1.03x |
| Revenue YoY growth | 8.9% | 11.2% | 23.2% | 30.3% | 25.4% | 14.1% | 30.3% | 30.8% | 31.6% | Unavailable |
| Net margin | 22.1% | 26.7% | 20.1% | 20.5% | 18.6% | 17.0% | 24.5% | 24.2% | 28.5% | 21.4% |
| R&D / revenue | 13.8% | 12.9% | 11.7% | 10.8% | 11.2% | 10.7% | 9.9% | 8.2% | 7.0% | 6.4% |
| CapEx / revenue | 13.2% | 10.2% | 11.4% | 9.6% | 11.4% | 11.2% | 12.6% | 10.6% | 13.7% | 13.3% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 26.8% | 22.7% | 27.9% | 27.8% | 23.4% | 22.8% | 20.1% | 21.5% | 3.3% | 30.3% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open PAYC in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-07View SEC filing
10-K · Filed 2026-02-19View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-08View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
cash flow reconciliationreview2017-12-31
Operating, investing and financing flows differ from the reported change in cash by 305476000, beyond tolerance 1456650.00.