---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-036450"
form_type: "8-K"
ticker: "PAYC"
cik: "0001590955"
company_name: "Paycom Software, Inc."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T18:16:07.909288+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Paycom Q2 revenues $401M (+27% YoY); non-GAAP EPS $1.62 vs $1.26 YoY

## Summary
- Total revenues of $401.1M, up 26.6% YoY; recurring revenues of $394.5M (98.4% of total).
- GAAP net income $64.5M ($1.11/diluted share); non-GAAP net income $94.3M ($1.62/diluted share).
- Adjusted EBITDA $156.6M, a 39% margin vs 37.7% in prior year period.
- Cash and equivalents $536.5M, up from $400.7M at year-end 2022; paid $21.7M in dividends.
- CEO cites strong demand and expansion of TAM to larger organizations with foreign employees.

## SEC filing metadata
- accession: 0000950170-23-036450
- form_type: 8-K
- ticker: PAYC
- cik: 0001590955
- company_name: Paycom Software, Inc.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590955/000095017023036450/0000950170-23-036450-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590955/000095017023036450/payc-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-036450
- JSON: https://secwatch.observer/filing/0000950170-23-036450.json
- Plain text: https://secwatch.observer/filing/0000950170-23-036450.txt

## Key facts
- Earnings Releases
  Paycom Software, Inc. reported the quarter ended June 30, 2023 results: revenue $401.1 million, net income $64.5 million, EPS $1.11 per diluted share.
  - Period: the quarter ended June 30, 2023
  - Revenue: $401.1 million
  - Net income: $64.5 million
  - EPS: $1.11 per diluted share
  - Result: reported results
  source text: Paycom Software, Inc. Reports Second Quarter 2023 Results Second Quarter Revenues of $401 million, up 27% from the comparable prior year period Second Quarter GAAP Net Income of $65 million, representing 16% of total revenues, or $1.11 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000095017023036450/0000950170-23-036450-index.htm

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