secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000950170-24-051272
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000095017024051272/0000950170-24-051272-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000095017024051272/payc-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-051272

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer