secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2023-02-07T23:59:59+00:00
Accession:  0000950170-23-001980
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paycom Q4 revenue up 30% to $371M; adjusted EPS $1.73 beats prior year $1.11
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- Full year 2022 revenue $1,375M (+30% YoY); GAAP net income $281M ($4.84 diluted EPS).
- Q4 GAAP net income $80M ($1.38 EPS); non-GAAP net income $100.2M ($1.73 EPS).
- Adjusted EBITDA Q4 $163.9M vs $109.6M; full year $579.7M (42% margin).
- Recurring revenue $364M in Q4 (98.2% of total), up 30% YoY.
- Cash $400.7M; total debt net $29M; no guidance provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000095017023001980/0000950170-23-001980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000095017023001980/payc-20230207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-001980

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer