Quarterly ResultMay 6, 2026, 04:18 PM
Paycom Q1 Revenue $572M, up 8%; GAAP EPS $3.04; Repurchases $1.06B
AI Summary
Paycom Software, Inc. announced strong financial results for the first quarter of 2026, with total revenues increasing by 7.8% year-over-year to $571.9 million and GAAP diluted EPS rising to $3.04. The company also reported significant capital allocation activities, including the repurchase of over $1 billion in common stock and the payment of $17.7 million in dividends. Management expressed confidence in its automation strategy and the long-term growth opportunity, providing a positive outlook for full-year 2026 revenue and Adjusted EBITDA.
Key Highlights
- Total revenues for Q1 2026 reached $571.9 million, an increase of 7.8% year-over-year.
- GAAP net income was $155.7 million, or $3.04 per diluted share, up from $139.4 million, or $2.48 per diluted share, in Q1 2025.
- Non-GAAP net income was $161.3 million, or $3.15 per diluted share.
- Adjusted EBITDA for the quarter was $275.4 million, representing 48.2% of total revenues.
- Paycom repurchased 8,375,443 shares of common stock for $1.060 billion during the quarter.
- The company paid $17.7 million in cash dividends in Q1 2026.
- Full-year 2026 revenue guidance is set between $2.175 billion and $2.195 billion, indicating 6-7% growth.
- Full-year 2026 Adjusted EBITDA guidance is $950 million to $970 million, with a 44% margin at midpoint.