Paycom Software, Inc. reported the quarter ended March 31, 2026 results: revenue $571.9 million, net income $155.7 million, EPS $3.04 per diluted share.
“Total Revenues of $571.9 million represented a 7.8% increase compared to total revenues of $530.5 million in the same period last year. Recurring and other revenues of $544.0 million increased 8.8% from the comparable prior year period and constituted 95.1% of total revenues. GAAP Net Income was $155.7 million, or $3.04 per diluted share, compared to GAAP net income of $139.4 million, or $2.48 per diluted share, in the same period last year.”
Material Agreements
Paycom Software, Inc. entered into Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. (effective 2026-04-23).
“On April 23, 2026, Paycom Software, Inc., a Delaware corporation (the “ Company ”), entered into an Amended and Restated Credit Agreement (the “ Amended and Restated Credit Agreement ”)”
Debt Financings
Paycom Software, Inc. amended revolving credit of up to $2.125 billion with JPMorgan Chase Bank, N.A. at ABR plus applicable margin or SOFR plus applicable margin maturing April 23, 2031.
“On April 23, 2026, Paycom Software, Inc., a Delaware corporation (the “ Company ”), entered into an Amended and Restated Credit Agreement (the “ Amended and Restated Credit Agreement ”)”
Debt Financings
Paycom Software, Inc. amended revolving credit of $1.46 billion with JPMorgan Chase Bank, N.A..
“the aggregate commitments under the Credit Agreement (as defined below) were increased by $461.6 million, such that the Credit Agreement now provides for a senior secured revolving credit facility (the “ Revolving Facility ”) of $1.46 billion.”
Governance Changes
Paycom Software, Inc.: Amended and restated bylaws to update description of President's role (duties assignable by Board or CEO) and redefine 'Principal Competitor' (effective 2026-02-18).
“On February 18, 2026, the Board approved amended and restated bylaws of the Company (as so amended and restated, the “ Amended and Restated Bylaws ”). The Amended and Restated Bylaws reflect an updated description of the role of the President, such that the President’s duties may be assigned by the Board or the Chief Executive Officer, rather than the Board alone, and the President’s performance of his duties is subject to the direction of the Board or the Chief Executive Officer, rather than the Board alone. The Amended and Restated Bylaws also include an updated definition of “Principal Competitor,” as such term is used in the advance notice provisions. Previously, the definition of “Principal Competitor” referenced competitors of the Company identified in certain filings with the Securities and Exchange Commission made by the Company. Pursuant to the Amended and Restated Bylaws, “Principal Competitor” means any entity that the Board determines, in good faith, provides products or se”
Governance Changes
Paycom Software, Inc.: Updated definition of 'Principal Competitor' in advance notice provisions: now means any entity that the Board determines, in good faith, provides competing products or services (effective 2026-02-18).
“Pursuant to the Amended and Restated Bylaws, “Principal Competitor” means any entity that the Board determines, in good faith, provides products or services that compete with or are alternatives to the principal products produced or services provided by the Company or its affiliates.”
Governance Changes
Paycom Software, Inc.: Updated description of the President's role: duties may be assigned by Board or CEO, and performance subject to direction of Board or CEO, instead of Board alone (effective 2026-02-18).
“The Amended and Restated Bylaws reflect an updated description of the role of the President, such that the President’s duties may be assigned by the Board or the Chief Executive Officer, rather than the Board alone, and the President’s performance of his duties is subject to the direction of the Board or the Chief Executive Officer, rather than the Board alone.”
Bob Foster was appointed as Chief Financial Officer at Paycom Software, Inc..
“On February 12, 2025, the Board of Directors (the “ Board ”) of Paycom Software, Inc. (the “ Company ”) appointed Bob Foster to serve as Chief Financial Officer of the Company, effective immediately following Craig Boelte’s retirement on February 21, 2025.”
Craig Boelte retired as Chief Financial Officer at Paycom Software, Inc..
“Mr. Boelte notified the Board on July 31, 2024 that he intended to retire from his role as Chief Financial Officer within nine to 12 months.”
Robert J. Levenson retired as Director at Paycom Software, Inc..
“On September 16, 2024, Robert J. Levenson notified the Board of Directors (the “ Board ”) of Paycom Software, Inc. (the “ Company ”) of his retirement from the Board and all committees thereof, effective September 17, 2024.”
Craig Boelte departed as Chief Financial Officer at Paycom Software, Inc..
“On July 31, 2024, Craig Boelte, Chief Financial Officer of Paycom Software, Inc. (the “Company”), notified the Board of Directors of the Company that he intends to retire from his role as Chief Financial Officer in the next nine to 12 months.”
Archana Vemulapalli was appointed as Director at Paycom Software, Inc..
“on July 12, 2024, the Board of Directors (the “ Board ”) of Paycom Software, Inc. (the “ Company ”) increased the size of the Board from seven directors to eight directors and appointed Archana Vemulapalli to the Board to serve as a Class I director, effective July 30, 2024.”
Christopher G. Thomas resigned as Co-Chief Executive Officer at Paycom Software, Inc..
“On May 29, 2024, for personal reasons, Christopher G. Thomas resigned from his position as Co-Chief Executive Officer of the Company, effective immediately.”
Randy Peck was appointed as Chief Operating Officer at Paycom Software, Inc..
“On May 30, 2024, the Board of Directors of Paycom Software, Inc. (the “ Company ”) appointed Randy Peck to serve as Chief Operating Officer of the Company.”
Shareholder Votes
Paycom Software, Inc. shareholders approved Approval, on an advisory basis, of the compensation of the Company’s named executive officers at the 2024-04-29 meeting.
“Proposal 3: Approval, on an advisory basis, of the compensation of the Company’s named executive officers Votes Cast For Votes Cast Against Abstentions Broker Non-Votes 23,674,343.24 20,062,266.56 91,025.22 4,767,001.12”
Shareholder Votes
Paycom Software, Inc. shareholders approved Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024 at the 2024-04-29 meeting.
“Proposal 2: Ratification of the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024 Votes Cast For Votes Cast Against Abstentions 47,977,540.00 582,144.83 34,951.31”
Shareholder Votes
Paycom Software, Inc. shareholders voted on Election of three Class II directors at the 2024-04-29 meeting.
“Proposal 1: Election of three Class II directors, each to serve until the date of the 2027 annual meeting of stockholders and until his or her successor has been duly elected and qualified, or his or her earlier death, resignation or removal Nominees Votes Cast For Votes Cast Against Abstentions Broker Non-Votes Robert J. Levenson 32,816,466.77 10,963,313.50 47,854.75 4,767,001.12 Frederick C. Peters II 40,732,347.27 3,014,757.00 80,530.75 4,767,001.12 Felicia Williams 30,019,657.40 13,318,399.26 489,534.36 4,767,045.12”
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.
“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”
Holly Faurot changed role as Chief Sales Officer at Paycom Software, Inc..
“Holly Faurot, the Company’s former Chief Sales Officer, will transition to a non-employee consulting role.”
Amy Walker was appointed as Executive Vice President of Sales at Paycom Software, Inc..
“On April 1, 2024, the Board of Directors of Paycom Software, Inc. (the “ Company ”) appointed Amy Walker to serve as Executive Vice President of Sales.”
Governance Changes
Paycom Software, Inc.: Amended and Restated Bylaws to allow two persons to serve simultaneously in the same officer position (effective 2024-02-07).
“The Amended and Restated Bylaws, which are effective February 7, 2024, provide that the Board may, by resolution, appoint two persons to the same office, such that an officer position may be filled by two individuals serving simultaneously.”
Earnings Releases
Paycom Software, Inc. reported the quarter and year ended December 31, 2023 results: revenue $434.6 million, net income $81.8 million, EPS $1.43 per diluted share.
“Full Year Revenues of $1,694 million, up 23% year-over-year Full Year GAAP Net Income of $341 million, representing 20% of total revenues, or $5.88 per diluted share”
Chad Richison was appointed as Co-Chief Executive Officer, President and Chairman of the Board at Paycom Software, Inc..
“Effective February 7, 2024, Mr. Richison’s new title is Co-Chief Executive Officer, President and Chairman of the Board.”
Christopher G. Thomas was appointed as Co-Chief Executive Officer at Paycom Software, Inc..
“appointed Christopher G. Thomas as Co-Chief Executive Officer of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.