earnings
confidence high
sentiment neutral
materiality 0.70
Paycom Q3 2024: Revenue $452M (+11% YoY); GAAP EPS $1.31; Adj. EBITDA $171M
Paycom Software, Inc.
2024-Q3 EPS reported
$6.89
revenue$1,389,327,000
- Total revenue of $451.9M, up 11.2% YoY; recurring revenue $445.0M (+11.6%, 98.5% of total).
- GAAP net income $73.3M ($1.31/diluted); non-GAAP net income $93.4M ($1.67/diluted).
- Adjusted EBITDA $171.3M, representing 37.9% of revenue vs 40.8% a year ago.
- Paid $21M in cash dividends and repurchased 303,245 shares for $44M during Q3.
- No debt outstanding; cash and equivalents $325.8M vs $294.0M at Dec 31, 2023.