---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-016670"
form_type: "8-K"
ticker: "PAYC"
cik: "0001590955"
company_name: "Paycom Software, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:31:18.480197+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-016670
- form_type: 8-K
- ticker: PAYC
- cik: 0001590955
- company_name: Paycom Software, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590955/000095017023016670/0000950170-23-016670-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590955/000095017023016670/payc-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-016670
- JSON: https://secwatch.observer/filing/0000950170-23-016670.json
- Plain text: https://secwatch.observer/filing/0000950170-23-016670.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000095017023016670/0000950170-23-016670-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.