Paycom Q4 earnings beat; revenue $434.6M up 17%, full-year $1.694B up 23%

Paycom Software, Inc.

2023-FY EPS reported $5.88 revenue$1,693,674,000

Q4 GAAP EPS $1.43, non-GAAP EPS $1.93 (up from $1.38 and $1.73 YoY).
FY2023 revenue $1,693.7M (+23.2%); recurring revenue 98.3% of total.
Q4 Adjusted EBITDA $176.6M; full-year Adjusted EBITDA $719.3M (42% margin).
Ended year with $294M cash, zero debt; repurchased $212.9M in stock during Q4.
CEO cites better-than-expected results; 2024 focus on service, automation, client ROI.

item 2.02 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 and year ended December 31, 2023 results: revenue $434.6 million, net income $81.8 million, EPS $1.43 per diluted share.

Period: the quarter and year ended December 31, 2023
Revenue: $434.6 million
Net income: $81.8 million
EPS: $1.43 per diluted share
Result: reported results

Exact text from the filing

Full Year Revenues of $1,694 million, up 23% year-over-year Full Year GAAP Net Income of $341 million, representing 20% of total revenues, or $5.88 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Paycom Software, Inc. reported the quarter and year ended December 31, 2023 results: revenue $434.6 million, net income $81.8 million, EPS $1.43 per diluted share.

Period: the quarter and year ended December 31, 2023
Revenue: $434.6 million
Net income: $81.8 million
EPS: $1.43 per diluted share
Result: reported results

Exact text from the filing

Fourth Quarter Revenues of $435 million, up 17% year-over-year

View on SEC.gov

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Paycom Software, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-012190

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