Paycom Software (PAYC) Company Report

Effective February 18, 2026, Paycom appointed Shane Hadlock as President and Chief Client Officer, naming him the company’s sole principal operating officer.
In connection with his promotion, Hadlock’s annual base salary was increased to $700,000.
Hadlock will oversee strategic operations and full-solution automation; Randy Peck will report to him, while Chad Richison continues as CEO and Chairman.

Feb 19, 2026, 2:15 PM

8-K

Paycom announces Q4 and full-year 2025 results

PAYC

Earnings

Guidance Update

Share Buyback

Recorded Q4 total revenue of $544 M (+10% yoy) and FY 2025 revenue of $2.05 B (+10% yoy), with Q4 recurring revenue of $517 M (+11% yoy) and full-year recurring of $1.94 B (+10%).
Achieved Q4 adjusted EBITDA margin of 43.4% and full-year adjusted EBITDA of $882 M (43%; +180 bps yoy); GAAP net income was $114 M in Q4 and $453 M for 2025.
Operating cash flow rose 27% to $679 M (33% margin) and free cash flow was $404 M (20% margin); capex totaled $275 M (13% of revenues); repurchased 1.7 M shares for $370 M and ended the year with $370 M cash, zero debt.
Grew to 39,200 clients (+4%) with annual revenue retention of 91%; fiscal 2026 guidance includes revenue of $2.175–2.195 B (+6–7%), recurring revenue growth of 7–8%, and adjusted EBITDA of $950–970 M (~44% margin).

Feb 11, 2026, 10:00 PM

Transcript

Paycom announces Q4 2025 results

PAYC

Earnings

Guidance Update

Share Buyback

Paycom reported Q4 2025 total revenue of $544 million (+10% YoY) and FY25 total revenue of $2.05 billion with recurring and other revenue of $1.94 billion (+10% YoY).
Q4 adjusted EBITDA was $236 million (43.4% margin); full-year adjusted EBITDA was $882 million (+14% YoY, 43% margin, +180 bps).
Operating cash flow was $679 million (33% margin, +27% YoY); capital expenditures were $275 million (13% of revenue); free cash flow was $404 million (20% margin, +20% YoY); and Paycom returned capital via $370 million in share buybacks and $85 million in dividends in 2025.
Client base grew to 39,200 clients (+4% YoY) (20,300 on a parent-company basis, +5%), with 7.4 million employee records stored (+5% YoY) and annual revenue retention of 91% (up from 90%).
For FY2026, Paycom guides to total revenue of $2.175–2.195 billion (+6–7% YoY), recurring revenue up 7–8%, and adjusted EBITDA of $950–970 million (~44% margin).

Feb 11, 2026, 10:00 PM

Transcript

Paycom reports Q4 2025 results

PAYC

Earnings

Guidance Update

Share Buyback

Total revenue of $544 million in Q4 (+10% YoY) and $2.05 billion for FY 2025 (+10% YoY); recurring revenue was $517 million in Q4 (+11%) and $1.94 billion for the year (+10%).
Adjusted EBITDA margin of 43.4% in Q4 ($236 million) and 43% for FY 2025 ($882 million); GAAP net income of $114 million in Q4 ($2.07/shr) and $453 million for the year ($8.08/shr); non-GAAP net income of $135 million in Q4 ($2.45/shr) and $519 million for FY 2025 ($9.24/shr).
Operating cash flow of $679 million (33% margin), CapEx of $275 million (13% of revenues), and free cash flow of $404 million (20% margin); repurchased 1.7 million shares for $370 million and paid $85 million in dividends in 2025.
Ended 2025 with 39,200 clients (+4% YoY), 91% annual revenue retention (vs. 90% in 2024), and 7.4 million employee records stored (+5% YoY).
2026 guidance: total revenue of $2.175–2.195 billion (+6–7%), recurring revenue up 7–8%, and Adjusted EBITDA of $950–970 million (~44% margin).

Feb 11, 2026, 10:00 PM

Transcript

Paycom reports Q4 and full-year 2025 results

PAYC

Earnings

Guidance Update

Paycom delivered Q4 2025 revenues of $544.3 million, up 10.2% year-over-year; GAAP net income was $113.8 million ($2.07 diluted EPS), non-GAAP net income was $134.7 million ($2.45 diluted EPS) and adjusted EBITDA was $236.3 million (43.4% margin).
For the full year 2025, total revenues were $2,051.7 million, up 9.0%; GAAP net income was $453.4 million ($8.08 diluted EPS), non-GAAP net income was $518.6 million ($9.24 diluted EPS) and adjusted EBITDA was $882.3 million (43.0% margin).
Client metrics improved, with annual revenue retention at 91%, client count of ~20,300 on a parent basis and ~39,200 on a TIN basis, and 7.4 million employee records, all reflecting ~4–5% year-over-year growth.
2026 outlook calls for total revenues of $2.175–2.195 billion (+6–7% YoY), recurring revenue growth of 7–8% and adjusted EBITDA of $950–970 million (≈44% margin).

Feb 11, 2026, 9:10 PM

8-K

Paycom announces Q4 and full-year 2025 results

PAYC

Earnings

Guidance Update

Paycom achieved FY2025 revenue of $2,052 million (+9% YoY), GAAP net income of $453 million ($8.08/diluted share), non-GAAP net income of $519 million ($9.24/diluted share) and adjusted EBITDA of $882 million (43% margin).
In Q4 2025, revenues were $544.3 million (+10.2% YoY) with GAAP net income of $113.8 million ($2.07/diluted share), non-GAAP net income of $134.7 million ($2.45/diluted share) and adjusted EBITDA of $236.3 million.
Annual client retention improved to 91% and parent-company client count grew ~5% to 20,300 as of December 31, 2025.
For 2026, Paycom expects revenue of $2.175 billion–$2.195 billion (6–7% growth) and adjusted EBITDA of $950 million–$970 million (~44% margin).

Feb 11, 2026, 9:05 PM

Press Release

Paycom outlines growth and automation strategy at Barclays tech conference

PAYC

Product Launch

Revenue Acceleration/Inflection

Paycom posted 10% recurring revenue growth and 43% adjusted EBITDA growth in 2025, highlighting a go-to-market recommitment to expand sales and capture its 5% share of addressable market through full-solution automation.
The firm introduced its I-Want interface—14 months in development—to simplify employee interactions, automate routine decisions, and drive higher client satisfaction and retention.
Paycom operates proprietary data centers with GPUs for selective AI applications, ensuring optimal performance by deploying AI where it adds clear value and avoids slowing user workflows.
Internally, Paycom leverages AI to analyze client communications, predict at-risk accounts, and enhance product and service offerings, with the CFO noting ongoing adoption to improve efficiency.
While prioritizing growth in 2026, Paycom expects higher revenue to positively impact margins and plans to maintain its current strong margin profile.

Dec 10, 2025, 10:30 PM

Transcript

Paycom outlines 2025 performance and 2026 growth strategy

PAYC

Paycom delivered 10% recurring revenue growth and 43% Adjusted EBITDA growth in 2025, with no material macro headwinds affecting its operations.
The company advanced full-solution automation, including the I-Want user interface and decision-logic features to automate routine tasks like time-off approvals, improving client efficiency and satisfaction.
With only 5% market penetration of its total addressable market, Paycom plans to expand sales capacity, open new offices, and enhance rep productivity in 2026 to drive further adoption.
It operates self-managed data centers with GPUs for AI, selectively deploying AI to augment product functionality and internal processes such as development, support, and client health analytics.

Dec 10, 2025, 10:30 PM

Transcript

Paycom outlines 2026 growth strategy at Barclays technology conference

PAYC

Guidance Update

Product Launch

Revenue Acceleration/Inflection

Paycom delivered 10% recurring revenue growth and 43% Adjusted EBITDA growth in 2025, driven by enhancements to its world-class service model and full-solution automation.
Management plans to intensify sales efforts in 2026, noting it currently holds 5% of its total addressable market, with a strategy to expand sales capacity and open new offices in key territories.
The IWant interface, developed over 14 months, has seen rapid adoption, simplifying user interaction, increasing client satisfaction, and expected to boost retention and new logo acquisition.
Paycom selectively integrates AI where it enhances efficiency—operating its own GPU-equipped data centers—and uses AI internally to improve product development, client support and maintain protective margins amid planned growth.

Dec 10, 2025, 10:30 PM

Transcript

Paycom reports Q3 2025 results and launches AI-driven products

PAYC

Earnings

Product Launch

Share Buyback

Paycom delivered Q3 revenues of $493 million (+9.1% YoY) with non-GAAP net income of $110 million ($1.94 per share) and adjusted EBITDA of $194 million (39% margin, +150 bps).
Launched Iwant, the industry-first command-driven AI product, deploying it across the full client base, supported by $100 million of front-loaded AI-focused CapEx in owned data centers.
Updated FY 2025 guidance: total revenues of $2.45–$2.55 billion (+9% YoY at midpoint) and adjusted EBITDA of $872–$882 million (~43% margin).
Returned capital with $319 million in open-market buybacks (1.5 million shares) over two months, declared a $0.37 per share quarterly dividend, and retains $1.1 billion buyback authorization.

Nov 5, 2025, 10:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Paycom Software.

Q4 2025

Feb 11, 2026

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Q3 2025

Nov 5, 2025

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Q2 2025

Aug 6, 2025

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View All Transcripts

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Paycom Software (PAYC)

Analyst Earnings Quarterly Reports

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

Chad Richison

Amy Vickroy Walker

Rachael Gannon

Randy Peck

Robert Foster

Shane Hadlock

Board Members

Archana Vemulapalli

Frederick C. Peters II

Henry C. Duques

J.C. Watts, Jr.

Joseph L. Binz

Sharen J. Turney

Analyst Coverage

Bhavin Shah

Mark Marcon

Raimo Lenschow

Daniel Jester

Jared Levine

Joshua Reilly

Jason Celino

Kevin McVeigh

Jacob Smith

Samad Samana

Siti Panigrahi

Steven Enders

Phillip Leytes

Alan Verkhovski

Brian Schwartz

George Kurosawa

Jason John

Madeline Brooks

Patrick O'Neill

Zane Meehan

Alex Zukin

Arvind Ramnani

Devin Au

Jacob Roberge

Jake Roberge

Joshua Riley

Kyle Everest

Mason Marion

Michael Funk

Steve Enders

Zachary Gunn

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