PAYC

EX-99.1

2 payc-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Paycom Software, Inc. Reports Second Quarter 2026 Results Second Quarter Total Revenues of $531 million, up 10% year-over-year Second Quarter GAAP Net Income of $107 million, representing 20% of total revenues, or $2.34 per diluted share Second Quarter Non-GAAP Net Income of $128 million, or $2.78 per diluted share Second Quarter Adjusted EBITDA of $235 million, representing 44% of total revenues OKLAHOMA CITY – August 5, 2026 – (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 June 30, 2026.

“Our strong second-quarter results came in ahead of expectations, reflecting the strength of our automation strategy and disciplined execution,” said Paycom’s founder and CEO, Chad Richison. “We are building strong momentum through new product innovation and continued automation across our platform. With these strong results we are raising our full year outlook.”

Financial Highlights for the Second Quarter of 2026

Total Revenues of $531.2 million represented a 9.8% increase compared to total revenues of $483.6 million in the same period last year. Recurring and other revenues of $505.2 million increased 11.0% from the comparable prior year period and constituted 95.1% of total revenues.

GAAP Net Income was $107.4 million, or $2.34 per diluted share, compared to GAAP net income of $89.5 million, or $1.58 per diluted share, in the same period last year.

Non-GAAP Net Income1 was $127.7 million, or $2.78 per diluted share, compared to $116.6 million, or $2.06 per diluted share, in the same period last year.

Adjusted EBITDA1 was $235.0 million, compared to $198.3 million in the same period last year.

Cash and Cash Equivalents were $198.0 million as of June 30, 2026, compared to $370.0 million as of December 31, 2025. During the quarter ended June 30, 2026, Paycom paid $17.9 million in cash dividends and repurchased 2,570,072 shares of common stock for $345.9 million, in the aggregate.

1Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share are non-GAAP financial measures. Please see the discussion below under the heading “Use of Non-GAAP Financial Information” and the reconciliations at the end of this release for additional information concerning these and other non-GAAP financial measures.

Financial Outlook

Paycom provides the following expected financial guidance for the year ending December 31, 2026.

Total revenue in the range of $2.197 billion to $2.212 billion, representing year-over-year growth between 7% and 8%.

Recurring and other revenue growth between 8% and 9% year over year.

Interest on funds held for clients of approximately $105 million.

Adjusted EBITDA in the range of $1.007 billion to $1.022 billion, representing a margin of approximately 46% at the midpoint.

We have not reconciled the forward-looking adjusted EBITDA ranges and adjusted EBITDA margin presented above and discussed on the teleconference call to net income, and have not reconciled any other forward-looking non-GAAP metrics that may be discussed on the teleconference call, including free cash flow margin and non-GAAP effective income tax rate, to comparable GAAP measures, because applicable information for future periods, on which these reconciliations would be based, is not readily available due to uncertainty regarding, and the potential variability of, depreciation and amortization, interest expense, taxes, non-cash stock-based compensation expense, capital expenditures, changes in working capital and other items. Accordingly, reconciliations of the forward-looking adjusted EBITDA ranges to net income, the forward-looking adjusted

EBITDA margin to net income margin, the forward-looking non-GAAP effective income tax rate to the GAAP effective income tax rate, and the forward-looking free cash flow margin to operating cash flow margin are not available at this time without unreasonable effort.

Use of Non-GAAP Financial Information

To supplement our financial information presented in accordance with generally accepted accounting principles in the United States (“GAAP”), we present certain non-GAAP financial measures in this press release and on the related teleconference call, including adjusted EBITDA, non-GAAP net income, adjusted gross profit, adjusted gross margin, adjusted sales and marketing expenses, adjusted total administrative expenses, adjusted research and development expenses, adjusted total research and development costs, adjusted EBITDA margin, non-GAAP effective income tax rate, free cash flow and free cash flow margin. Management uses these non-GAAP financial measures as supplemental measures to review and assess the performance of our core business operations and for planning purposes. We define (i) adjusted EBITDA as net income plus interest expense, taxes

EX-99.1

2 payc-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

Paycom Software, Inc. Reports First Quarter 2026 Results First Quarter Revenues of $572 million, up 8% year-over-year First Quarter GAAP Net Income of $156 million, representing 27% of total revenues, or $3.04 per diluted share First Quarter Non-GAAP Net Income of $161 million, or $3.15 per diluted share First Quarter Adjusted EBITDA of $275 million, representing 48% of total revenues OKLAHOMA CITY – May 6, 2026 – (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 March 31, 2026.

“We delivered solid first-quarter results while executing our strategy to provide full-solution automation, stronger client ROI achievement and world-class service to our clients,” said Chad Richison, founder and CEO of Paycom. “Our focus on creating automation and employee-first technology is driving higher engagement and client satisfaction, while reinforcing Paycom’s position as the most automated solution in our industry. We are trusted leaders in AI and automated decisioning, with proven solutions like Beti, GONE and IWant helping our clients operate more efficiently. With only about 5% of the total addressable market served, we remain confident in the long-term growth opportunity ahead.”

Financial Highlights for the First Quarter of 2026

Total Revenues of $571.9 million represented a 7.8% increase compared to total revenues of $530.5 million in the same period last year. Recurring and other revenues of $544.0 million increased 8.8% from the comparable prior year period and constituted 95.1% of total revenues.

GAAP Net Income was $155.7 million, or $3.04 per diluted share, compared to GAAP net income of $139.4 million, or $2.48 per diluted share, in the same period last year.

Non-GAAP Net Income1 was $161.3 million, or $3.15 per diluted share, compared to $157.7 million, or $2.80 per diluted share, in the same period last year.

Adjusted EBITDA1 was $275.4 million, compared to $253.2 million in the same period last year.

Cash and Cash Equivalents were $153.9 million as of March 31, 2026, compared to $370.0 million as of December 31, 2025. During the quarter ended March 31, 2026, Paycom paid $17.7 million in cash dividends and repurchased 8,375,443 shares of common stock for $1.060 billion, in the aggregate.

1Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share are non-GAAP financial measures. Please see the discussion below under the heading “Use of Non-GAAP Financial Information” and the reconciliations at the end of this release for additional information concerning these and other non-GAAP financial measures.

Financial Outlook

Paycom provides the following expected financial guidance for the year ending December 31, 2026.

Total revenue in the range of $2.175 billion to $2.195 billion, representing year-over-year growth between 6% and 7%.

Recurring and other revenue growth between 7% and 8% year over year.

Interest on funds held for clients of approximately $103 million.

Adjusted EBITDA in the range of $950 million to $970 million, representing a margin of approximately 44% at the midpoint.

We have not reconciled the forward-looking adjusted EBITDA ranges and adjusted EBITDA margin presented above and discussed on the teleconference call to net income, nor the forward-looking non-GAAP effective income tax rate discussed on the teleconference call, to comparable GAAP measures because applicable information for future periods, on which these reconciliations would be based, is not readily available due to uncertainty regarding, and the potential variability of, depreciation and amortization, interest expense, taxes, non-cash stock-based compensation expense and other items. Accordingly, reconciliations of the forward-looking adjusted EBITDA ranges to net income, the forward-looking adjusted

EBITDA margin to net income margin, and the forward-looking non-GAAP effective income tax rate to the GAAP effective income tax rate are not available at this time without unreasonable effort.

Use of Non-GAAP Financial Information

To supplement our financial information presented in accordance with generally accepted accounting principles in the United States (“GAAP”), we present certain non-GAAP financial measures in this press release and on the related teleconference call, including adjusted EBITDA, non-GAAP net income, adjusted gross profit, adjusted gross margin, adjusted sales and marketing expenses, adjusted total administrative expenses, adjusted research and development expenses, adjusted total research and development costs, adjusted EBITDA margin, non-GAAP effective income tax rate, free cash flow and free cash flow margin. Management uses these non-GAAP financial measures as supplemental measures to review and assess the performance of our core business operat

8-K

0001590955false00015909552026-02-112026-02-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 11, 2026 Paycom Software, Inc. (Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation)

001-36393 (Commission File Number)

80-0957485 (IRS Employer Identification No.)

7501 W. Memorial Road, Oklahoma City, Oklahoma (Address of principal executive offices)

73142 (Zip Code)

Registrant’s telephone number, including area code: (405) 722-6900 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

PAYC

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition. On February 11, 2026, Paycom Software, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of the press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference. As previously announced, the Company will hold a conference call at 5:00 PM Eastern Time, on Wednesday, February 11, 2026, to discuss its financial results. The information furnished pursuant to Item 2.02 (including Exhibit 99.1 hereto) shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 9.01 Financial Statements and Exhibits. (d) Exhibits

Exhibit No.

Description of Exhibit

99.1

Press release, dated February 11, 2026, issued by Paycom Software, Inc. (furnished pursuant to Item 2.02).

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PAYCOM SOFTWARE, INC.

Date:

February 11, 2026

By:

/s/ Robert D. Foster

Robert D. Foster

Chief Financial Officer