Payroll software maker Paycom forecasts weak 2026 revenue, shares fall (February 11)

(Removes reference ‌to businesses ​delaying ​or reducing HR purchase in paragraph 1 of February 11 ‌story; Removes paragraphs 2 and 3 ⁠with reference to impact on Paycom from ‌macroeconomic challenges and ‌slowdown in hiring at small- and -sized businesses)

Feb 11 (Reuters) - Paycom Software forecast annual ​revenue below Wall Street expectations on Wednesday, sending its shares down ⁠over 7% in extended trading.

The human capital management market has ​become increasingly crowded, with Paycom competing against rivals such as ADP, ​Paylocity and Workday ‌for market share.

The Oklahoma City-based company provides cloud-based software that ⁠handles everything from talent acquisition and payroll to time management on a single ⁠platform.

Paycom forecast 2026 revenue in the range of $2.18 ​billion to $2.20 billion, below analysts' average estimate of $2.23 billion, according to data compiled by LSEG.

The ‌payroll processor reported revenue of $544.3 million for the fourth quarter ‌ended December 31, ahead of ⁠analysts' estimates of $543 ‌million.

(Reporting by Juby ​Babu in Mexico City; Editing by Alan Barona and Vijay ‌Kishore)

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