Paycom Q1 revenue $500M (+11% YoY); GAAP EPS $4.37 includes $117.5M award forfeiture benefit

Paycom Software, Inc.

2024-Q1 EPS reported $4.37 revenue$499,881,000

Total revenues $499.9M, up 10.7% YoY; recurring revenue $491.9M (98.4% of total).
GAAP net income $247.2M ($4.37 diluted EPS) vs $119.3M ($2.06) YoY; includes $117.5M forfeiture benefit.
Non-GAAP net income $146.6M ($2.59 diluted EPS) vs $142.7M ($2.46) YoY; adjusted EBITDA $229.5M (46% margin).
Cash $371.3M; no debt; paid $21.2M dividends and repurchased 15,681 shares for $3.1M in Q1 2024.

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 0.97

Paycom Software, Inc. reported the quarter ended March 31, 2024 results: revenue $499.9 million, net income $247.2 million, or $4.37 per diluted share, EPS $4.37 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $499.9 million
Net income: $247.2 million, or $4.37 per diluted share
EPS: $4.37 per diluted share
Result: reported results

Exact text from the filing

Paycom Software, Inc. Reports First Quarter 2024 Results First Quarter Revenues of $500 million, up 11% from the comparable prior year period First Quarter GAAP Net Income of $247 million, representing 49% of total revenues, or $4.37 per diluted share First Quarter Non-GAAP Net Income of $147 million, or $2.59 per diluted share First Quarter Adjusted EBITDA of $230 million, representing 46% of total revenues

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Source: SEC EDGAR

accession 0000950170-24-051272

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