---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051272"
form_type: "8-K"
ticker: "PAYC"
cik: "0001590955"
company_name: "Paycom Software, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:51:09.871084+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-051272
- form_type: 8-K
- ticker: PAYC
- cik: 0001590955
- company_name: Paycom Software, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590955/000095017024051272/0000950170-24-051272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590955/000095017024051272/payc-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051272
- JSON: https://secwatch.observer/filing/0000950170-24-051272.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051272.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590955/000095017024051272/0000950170-24-051272-index.htm

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