Paycom Q1 revenue up 28% to $452M, GAAP EPS $2.06, initiates $1.50 annual dividend

Paycom Software, Inc.

2023-Q1 EPS reported $2.06 revenue$451,637,000

Q1 2023 revenue $451.6M (+28% YoY); recurring revenue $444.4M (98.4% of total).
GAAP net income $119.3M ($2.06 diluted EPS); non-GAAP net income $142.7M ($2.46 diluted EPS).
Adjusted EBITDA $220.5M (49% margin) vs $170.1M in prior year.
Board approved initial cash dividend policy: $0.375 quarterly ($1.50 annual); first payment expected mid-June subject to approval.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Paycom Software, Inc. reported the quarter ended March 31, 2023 results: revenue $452 million, net income $119 million, EPS $2.06 per diluted share.

Period: the quarter ended March 31, 2023
Revenue: $452 million
Net income: $119 million
EPS: $2.06 per diluted share
Result: reported results

Exact text from the filing

Paycom Software, Inc. Reports First Quarter 2023 Results First Quarter Revenues of $452 million, up 28% from the comparable prior year period First Quarter GAAP Net Income of $119 million, representing 26% of total revenues, or $2.06 per diluted share First Quarter Non-GAAP Net Income of $143 million, of $2.46 per diluted share First Quarter Adjusted EBITDA of $221 million, representing 49% of total revenues

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Source: SEC EDGAR

accession 0000950170-23-016670

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