---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-065659"
form_type: "8-K"
ticker: "PAYC"
cik: "0001590955"
company_name: "Paycom Software, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:07:35.849563+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Paycom Q1 revenue up 6.1% to $530.5M; non-GAAP EPS $2.80; raises 2025 outlook

## Summary
- Total revenue $530.5M (+6.1% YoY); recurring revenue $500.0M (+7.3% YoY).
- GAAP net income $139.4M ($2.48 diluted EPS) vs $247.2M ($4.37) in Q1 2024 which included a $117.5M benefit from forfeited CEO award.
- Non-GAAP net income $157.7M ($2.80 diluted EPS) vs $146.6M ($2.59 YoY). Adjusted EBITDA $253.2M (47.7% margin).
- Cash & cash equivalents $520.8M; zero debt. Paid $21.1M dividends, repurchased $5.2M stock in Q1.
- CEO Chad Richison: 'Raising our outlook for 2025' citing automation investments and momentum.

## SEC filing metadata
- accession: 0000950170-25-065659
- form_type: 8-K
- ticker: PAYC
- cik: 0001590955
- company_name: Paycom Software, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590955/000095017025065659/0000950170-25-065659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590955/000095017025065659/payc-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-065659
- JSON: https://secwatch.observer/filing/0000950170-25-065659.json
- Plain text: https://secwatch.observer/filing/0000950170-25-065659.txt

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