secwatch.observer — SEC 8-K summary
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Issuer:     Paycom Software, Inc. (PAYC)
CIK:        0001590955
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065659
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590955/000095017025065659/0000950170-25-065659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590955/000095017025065659/payc-20250507.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065659

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