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Paycom Software, Inc. (PAYC) Stock Fundamental Analysis & AI Rating 2026

PAYC NYSE Services-Prepackaged Software DE CIK: 0001590955
Recently Updated • Analysis: Apr 14, 2026 • SEC Data: 2025-12-31
BUY
78% Conf
Pending
Analysis scheduled

📊 PAYC Key Takeaways

Revenue: $2.1B
Net Margin: 22.1%
Free Cash Flow: $408.0M
Current Ratio: 1.09x
Debt/Equity: 0.02x
EPS: $8.08
AI Rating: BUY with 78% confidence
Paycom Software, Inc. (PAYC) receives a BUY rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.1B, net profit margin of 22.1%, and return on equity (ROE) of 26.2%, Paycom Software, Inc. demonstrates strong fundamentals in the Technology sector. Below is our complete PAYC stock analysis for 2026.

Is Paycom Software, Inc. (PAYC) a Good Investment?

Claude

Paycom demonstrates exceptional financial health with industry-leading profitability metrics (83.2% gross margin, 27.6% operating margin, 22.1% net margin) and strong free cash flow generation ($408M, 19.9% FCF margin). While net income growth stalled YoY despite 8.9% revenue growth, the company's minimal leverage (0.02x debt/equity), robust balance sheet, and exceptional 26.2% ROE indicate a fundamentally sound business generating strong shareholder returns. The margin compression warrants monitoring but does not override the strength of underlying fundamentals.

Why Buy Paycom Software, Inc. Stock? PAYC Key Strengths

Claude
  • + Exceptional profitability metrics with 22.1% net margin and 83.2% gross margin
  • + Strong free cash flow generation at $408M with 19.9% FCF margin
  • + Fortress balance sheet with minimal leverage (0.02x D/E) and $370M cash
  • + Outstanding ROE of 26.2% demonstrates efficient capital deployment
  • + Solid revenue growth of 8.9% YoY for mature software company

PAYC Stock Risks: Paycom Software, Inc. Investment Risks

Claude
  • ! Net income growth flat (0% YoY) despite 8.9% revenue growth indicates margin compression or cost inflation
  • ! Diluted EPS declining 9.4% YoY suggesting shareholder dilution from acquisitions or equity issuance
  • ! Tight liquidity with current ratio of 1.09x limits financial flexibility
  • ! Lower ROA of 6% suggests assets may not be generating returns as efficiently as peer software companies

Key Metrics to Watch

Claude
  • * Net income and operating margin trends to confirm margin compression is not persistent
  • * Share count and EPS dilution to assess acquisition impact on shareholder value
  • * Operating cash flow sustainability and FCF conversion rate
  • * Revenue growth acceleration and operating leverage realization

Paycom Software, Inc. (PAYC) Financial Metrics & Key Ratios

Revenue
$2.1B
Net Income
$453.4M
EPS (Diluted)
$8.08
Free Cash Flow
$408.0M
Total Assets
$7.6B
Cash Position
$370.0M

💡 AI Analyst Insight

Paycom Software, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

PAYC Profit Margin, ROE & Profitability Analysis

Gross Margin 83.2%
Operating Margin 27.6%
Net Margin 22.1%
ROE 26.2%
ROA 6.0%
FCF Margin 19.9%

PAYC vs Technology Sector: How Paycom Software, Inc. Compares

How Paycom Software, Inc. compares to Technology sector averages

Net Margin
PAYC 22.1%
vs
Sector Avg 18.0%
PAYC Sector
ROE
PAYC 26.2%
vs
Sector Avg 22.0%
PAYC Sector
Current Ratio
PAYC 1.1x
vs
Sector Avg 2.5x
PAYC Sector
Debt/Equity
PAYC 0.0x
vs
Sector Avg 0.5x
PAYC Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Paycom Software, Inc. Stock Overvalued? PAYC Valuation Analysis 2026

Based on fundamental analysis, Paycom Software, Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
26.2%
Sector avg: 22%
Net Profit Margin
22.1%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.02x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Paycom Software, Inc. Balance Sheet: PAYC Debt, Cash & Liquidity

Current Ratio
1.09x
Quick Ratio
1.09x
Debt/Equity
0.02x
Debt/Assets
77.2%
Interest Coverage
166.82x
Long-term Debt
$29.0M

PAYC Revenue & Earnings Growth: 5-Year Financial Trend

PAYC 5-year financial data: Year 2021: Revenue $1.1B, Net Income $180.6M, EPS $3.09. Year 2022: Revenue $1.4B, Net Income $143.5M, EPS $2.46. Year 2023: Revenue $1.7B, Net Income $196.0M, EPS $3.37. Year 2024: Revenue $1.9B, Net Income $281.4M, EPS $4.84. Year 2025: Revenue $2.1B, Net Income $340.8M, EPS $5.88.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Paycom Software, Inc.'s revenue has grown significantly by 94% over the 5-year period, indicating strong business expansion. The most recent EPS of $5.88 reflects profitable operations.

PAYC Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
19.9%
Free cash flow / Revenue

PAYC Quarterly Earnings & Performance

Quarterly financial performance data for Paycom Software, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $451.9M $73.3M $1.31
Q2 2025 $437.5M $68.0M $1.20
Q1 2025 $499.9M $139.4M $2.48
Q3 2024 $406.3M $64.5M $1.30
Q2 2024 $401.1M $64.5M $1.11
Q1 2024 $451.6M $119.3M $2.06
Q3 2023 $334.2M $52.2M $0.90
Q2 2023 $316.9M $57.4M $0.99

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Paycom Software, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$678.9M
Cash generated from operations
Stock Buybacks
$325.5M
Shares repurchased (TTM)
Capital Expenditures
$270.9M
Investment in assets
Dividends Paid
$84.8M
Returned to shareholders

PAYC SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Paycom Software, Inc. (CIK: 0001590955)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 DEF 14A d44715ddef14a.htm View →
Mar 26, 2026 8-K payc-20260326.htm View →
Mar 12, 2026 8-K payc-20260312.htm View →
Mar 5, 2026 8-K payc-20260305.htm View →
Feb 20, 2026 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about PAYC

What is the AI rating for PAYC?

Paycom Software, Inc. (PAYC) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PAYC's key strengths?

Claude: Exceptional profitability metrics with 22.1% net margin and 83.2% gross margin. Strong free cash flow generation at $408M with 19.9% FCF margin.

What are the risks of investing in PAYC?

Claude: Net income growth flat (0% YoY) despite 8.9% revenue growth indicates margin compression or cost inflation. Diluted EPS declining 9.4% YoY suggesting shareholder dilution from acquisitions or equity issuance.

What is PAYC's revenue and growth?

Paycom Software, Inc. reported revenue of $2.1B.

Does PAYC pay dividends?

Paycom Software, Inc. pays dividends, with $84.8M distributed to shareholders in the trailing twelve months.

Where can I find PAYC SEC filings?

Official SEC filings for Paycom Software, Inc. (CIK: 0001590955) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PAYC's EPS?

Paycom Software, Inc. has a diluted EPS of $8.08.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is PAYC a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Paycom Software, Inc. has a BUY rating with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is PAYC stock overvalued or undervalued?

Valuation metrics for PAYC: ROE of 26.2% (sector avg: 22%), net margin of 22.1% (sector avg: 18%). Higher ROE suggests strong returns relative to peers.

Should I buy PAYC stock in 2026?

Our dual AI analysis gives Paycom Software, Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is PAYC's free cash flow?

Paycom Software, Inc.'s operating cash flow is $678.9M, with capital expenditures of $270.9M. FCF margin is 19.9%.

How does PAYC compare to other Technology stocks?

Vs Technology sector averages: Net margin 22.1% (avg: 18%), ROE 26.2% (avg: 22%), current ratio 1.09 (avg: 2.5).

Why is PAYC's return on equity (ROE) so high?

Paycom Software, Inc. has a return on equity of 26.2%, significantly above the Technology sector average of 22%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 22.1% net margin.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 14, 2026 | Data as of: 2025-12-31 | Powered by Claude AI