Paycom Software (PAYC) Tops Q3 EPS by 16c; Lowers Outlook

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Paycom Software, Inc. Reports Third Quarter 2023 Results

October 31, 2023 4:05 PM EDT

Third Quarter Revenues of $406 million, up 22% from the comparable prior year period

Third Quarter GAAP Net Income of $75 million, representing 19% of total revenues, or $1.30 per diluted share

Third Quarter Non-GAAP Net Income of $102 million, of $1.77 per diluted share

Third Quarter Adjusted EBITDA of $166 million, representing 41% of total revenues

OKLAHOMA CITY--(BUSINESS WIRE)-- Paycom Software, Inc. (Paycom, we and our) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, today announced its financial results for the quarter ended September 30, 2023.

Our third quarter fundamentals were... More