Paycom Software (PAYC) FY2024 results: revenue $1.9 billion, up 11.2% on the year
Paycom Software, Inc. (PAYC) reported revenue of $1.9 billion for fiscal 2024, the year ended 31 December 2024, up 11.2% on the year before. Net income was $502 million, up 47.3%, and diluted earnings per share $8.92. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$1.9 billion
+11.2% on the year
FY2017FY2024
Operating margin
33.7%
26.6% a year earlier
FY2017FY2024
Net income
$502 million
+47.3% on the year
FY2017FY2024
Diluted EPS
$8.92
+51.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
534
485
365
+10.1%
Capital expenditure
193
193
133
+0.2%
Free cash flow
341
292
232
+16.6%
Free cash flow margin
18.1%
17.3%
16.9%
Cash from investing
-22.2
-197
-23.3
Cash from financing
1,108
-275
255
Depreciation and amortisation
146
114
92.7
+28.0%
Share-based compensation
-22.9
130
94.9
Buybacks
123
287
94.7
-57.2%
Dividends paid
84.8
64.8
n/a
+30.8%
Dividend per share
$0.38
$0.38
n/a
0.0%
Diluted shares, weighted
56m
58m
58m
-2.9%
Shares outstanding at period end
56m
57m
58m
-1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,576
1,303
1,183
+20.9%
Debt
0.0
0.0
29.0
Operating lease liabilities
63.0
56.7
n/a
+11.1%
Other liabilities
4,221
2,838
2,691
+48.7%
Total liabilities and equity
5,860
4,198
3,903
+39.6%
Fixed assets
n/a
498
402
Goodwill
51.9
51.9
51.9
+0.0%
Intangible assets
46.2
50.1
54.0
-7.8%
Securities held for sale or to maturity
n/a
199
195
Cash and equivalents
402
294
401
+36.7%
Receivables
39.2
16.4
22.8
+139.0%
Inventory
1.4
1.4
1.6
0.0%
Other assets
5,319
3,087
2,774
+72.3%
Total assets
5,860
4,198
3,903
+39.6%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.