Quarterly ResultAug 6, 2026, 04:25 PM
Paycom Q2 Revenue $531.2M, EPS $2.34; Authorizes $2.0B Buyback
AI Summary
Paycom Software, Inc. reported strong financial results for the second quarter and first half of 2026. For Q2 2026, total revenues increased by 9.8% to $531.2 million, and diluted EPS rose by 48.1% to $2.34. The company also announced a new $2.0 billion stock repurchase plan, replacing previous authorizations, and repurchased $1.42 billion worth of common stock during the first six months of 2026, partially funded by $900.0 million in new long-term debt.
Key Highlights
- Q2 2026 total revenues increased 9.8% year-over-year to $531.2 million.
- Q2 2026 diluted earnings per share (EPS) rose 48.1% year-over-year to $2.34.
- Board authorized a new $2.0 billion stock repurchase plan on May 4, 2026.
- Repurchased 10.9 million shares for $1.42 billion during the first six months of 2026.
- Incurred $900.0 million in new long-term debt during the first six months of 2026.
- Net cash provided by operating activities increased 40.2% to $427.6 million for H1 2026.
- Recognized a $9.0 million gain from a naming rights agreement amendment in H1 2026.
Price Impact
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