Quarterly ResultMay 7, 2026, 04:22 PM
Paycom Q1 Diluted EPS $3.04; New $2.0B Share Buyback Plan Approved
AI Summary
Paycom Software reported strong first-quarter results for 2026, with diluted earnings per share increasing significantly to $3.04 on total revenues of $571.9 million. The company also announced a new $2.0 billion stock repurchase plan, replacing previous authorizations, and increased its credit facility to $2.125 billion, partially to fund share repurchases. Net income rose to $155.7 million, reflecting solid operational performance. Operating cash flow also saw a healthy increase.
Key Highlights
- Board approved a new $2.0 billion stock repurchase plan on May 4, 2026.
- Total revenues increased 7.8% to $571.9 million for Q1 2026.
- Net income rose 11.7% to $155.7 million for Q1 2026.
- Diluted EPS grew 22.6% to $3.04 for Q1 2026.
- Repurchased 8.4 million shares for $1,054.3 million during Q1 2026.
- Credit facility increased to $2.125 billion on April 23, 2026.
- Recognized a $9.0 million gain from naming rights agreement amendment.
- Net cash provided by operating activities was $213.8 million.
Price Impact
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