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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-36393 Paycom Software, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jur ...

Paycom Software, Inc.'s (PAYC) shares gained 2.1% during Wednesday’s extended trading session after the company reported better-than-expected first-quarter 2025 results. The online payroll and human resource technology provider reported non-GAAP earnings of $2.80 per share, which beat the Zacks Consensus Estimate of $2.60.Moreover, the bottom line increased 8% year over year, mainly driven by higher revenues, operating efficiency and lower share counts. Paycom has an impressive earnings surprise history. It ...

Paycom Software (PAYC) came out with quarterly earnings of $2.80 per share, beating the Zacks Consensus Estimate of $2.60 per share. This compares to earnings of $2.59 per share a year ago. These figures are adjusted for non-recurring items. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations ...

Paycom Software (PAYC) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants James Samford - Head - IRChad Richison - Founder, President, CEO & Chairman of the Board of DirectorsBob Foster - CFORaimo Lenschow - Managing DirectorSamad Samana - Managing DirectorBhavin Shah - Director - Software Equity ResearchIan Black - Equity Research Associate Conference Call Participants Mark Marcon - Senior Research AnalystSteven Enders - Equity Research AnalystJason Celino - Managing Director & Equity Rese ...

Thank you, and welcome to Paycom's earnings conference call for the first quarter of twenty twenty five. Certain statements made on this call that are not historical facts, including those related to our future plans, objectives and expected performance, are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements represent our outlook only as of the date of this conference call. While we believe any forward looking statements ma ...

Exhibit 99.1 Paycom Software, Inc. Reports First Quarter 2025 Results First Quarter Revenues of $531 million, up 6% year-over-year First Quarter GAAP Net Income of $139 million, representing 26% of total revenues, or $2.48 per diluted share First Quarter Non-GAAP Net Income of $158 million, or $2.80 per diluted share First Quarter Adjusted EBITDA of $253 million, representing 48% of total revenues OKLAHOMA CITY – May 7, 2025 – (BUSINESS WIRE) – Paycom Software, Inc. ("Paycom," "we" and "our") (NYSE: PAYC), ...

Paycom Software, Inc. (PAYC) is set to report first-quarter 2025 results on May 7, after market close.The Zacks Consensus Estimate for first-quarter earnings is pinned at $2.60 per share, indicating a year-over-year increase of 0.4%. The consensus estimate for the bottom line has been revised downward by 3 cents over the past 60 days.The Zacks Consensus Estimate for Paycom’s first-quarter revenues is pegged at $525.6 million, suggesting a rise of approximately 5.2% from the year-ago quarter’s sales of $499. ...

Core Viewpoint - Paycom Software (PAYC) presents an attractive investment opportunity for those seeking to minimize exposure to tariffs [1] Company Summary - Paycom Software is highlighted as a stock that could be appealing to investors looking to avoid tariff-related risks [1]

Cybersecurity and Data Management Risks - The company faces significant cybersecurity risks, including potential breaches that could harm client trust and lead to reduced usage of its solutions [118]. - The company has experienced unauthorized access incidents through third-party vendors, highlighting vulnerabilities in its data management processes [119]. - The SaaS network infrastructure is critical for operations, with potential disruptions from human error, telecommunications failures, and cyber-attacks [122]. - The company has licensed a third-party large language model (LLM) that processes sensitive data, and any breach or compliance failure could lead to significant legal and financial repercussions [149]. - The use of open source software in applications may expose the company to additional risks, including potential litigation and the requirement to release source code [155]. - The company faces risks related to compliance with evolving privacy and data protection laws, which could result in financial penalties and reputational harm [166]. Competitive Landscape and Client Retention - The company must continuously innovate and enhance its applications to remain competitive in the rapidly evolving HCM software market [125]. - The competitive landscape includes major players like Oracle, SAP, and Workday, which may exert pricing pressures and affect client retention [131]. - The company’s annual revenue retention rate is influenced by client satisfaction, pricing, and competition, with potential declines if clients do not renew or purchase additional applications [133]. - The company’s ability to attract new clients and retain existing ones is critical for its financial health, with potential adverse effects from any decline in client usage [133]. - The company faces challenges in attracting and retaining larger clients, including demand for customized features and longer sales cycles [138]. - The company’s ability to attract new clients and retain existing ones may be impacted by the imposition of sales and use taxes in certain jurisdictions [180]. Leadership and Human Resources - The success of the company is heavily dependent on the leadership of key executives, particularly the CEO, and the potential loss of such leadership could adversely impact operations [139]. - The company must attract and retain qualified personnel, including software developers and product managers, to enhance and introduce new applications, which is critical for revenue growth [140]. - The technology industry is experiencing high employee mobility, making it challenging for the company to retain qualified personnel amidst competition for talent [141]. Regulatory and Compliance Challenges - International expansion efforts present risks, including regulatory compliance, brand recognition, and local market familiarity, which could adversely affect business operations [145]. - The company relies on third-party relationships for essential services, and any failure in these partnerships could negatively impact service delivery and brand reputation [147]. - Compliance costs may increase due to regulatory scrutiny of automation initiatives, particularly those utilizing AI, impacting operations and financial results [158]. - Future legislative and regulatory actions could adversely affect the company's ability to pursue its automation strategy, impacting operations and financial results [159]. - Changes in laws and regulations could increase operational costs, decrease revenues, and complicate the introduction of new applications [162]. - Regulatory changes could render developed applications unnecessary, adversely affecting the company's reputation and business operations [164]. - The adoption of new regulations regarding AI and machine learning may limit the company's operational efficiency and increase costs [171]. - Adverse tax laws or regulations could increase the costs of the company's solutions and applications, negatively impacting business and financial condition [178]. - The company is subject to significant governmental regulation in its background check business, and changes in laws could materially affect revenue and profitability [183]. Financial Performance and Market Risks - The company has recorded a total of $51.9 million in goodwill and $46.2 million in other intangible assets as of December 31, 2024 [193]. - The company is required to maintain a consolidated interest coverage ratio of not less than 3.0 to 1.0 and a consolidated leverage ratio of not greater than 3.25 to 1.0, stepping down to 3.0 to 1.0 by December 31, 2025 [191]. - The company has historically experienced seasonality in revenues, particularly related to payroll tax filing forms processed in the first quarter, which positively impacts recurring revenues [188]. - The company may face increased costs and liabilities due to compliance with evolving employment-related laws and regulations, which could adversely affect financial results [181]. - The company has the potential for significant fluctuations in financial results due to various uncontrollable factors, impacting stock value [187]. - The company may incur damages and expenses from lawsuits related to employment law violations, which could materially affect financial condition [181]. - The company’s guidance for future performance is based on projections that are inherently speculative and may vary significantly from actual results [198]. - The company may seek acquisitions to enhance technical capabilities or growth opportunities, but this could divert management's attention and disrupt operations [160]. - There is a risk that the company may not successfully integrate acquired businesses, which could lead to impairment charges affecting operating results [161]. Economic Conditions and Cash Management - Adverse economic conditions could negatively impact the company’s business, operating results, or financial condition, particularly if clients reduce spending on HCM services [208]. - The company collects and remits client funds to taxing authorities, and any loss of access to these funds could adversely impact its cash position and results of operations [209]. - Uncertainty regarding federal budgetary matters may adversely impact the U.S. economy and affect clients' ability to make timely payments to the company [210]. - As of December 31, 2024, the company had corporate cash and cash equivalents totaling $402.0 million and funds held for clients amounting to $3.7 billion [332]. - The company had available-for-sale securities totaling $24.7 million, which included a U.S. treasury security with an original maturity of two years [332]. - A hypothetical increase or decrease in interest rates of 100 basis points would result in an approximately $23.9 million increase or decrease in interest earned on funds held for clients over the ensuing 12-month period [335]. - An immediate increase in interest rates of 100 basis points would have resulted in a $0.5 million reduction in the aggregate market value of the company's fixed rate securities as of December 31, 2024 [336]. - An immediate decrease in interest rates of 100 basis points would have resulted in a $0.5 million increase in the aggregate market value of the company's fixed rate securities as of December 31, 2024 [336]. - The company’s investments are subject to market risk due to changes in interest rates, which may adversely affect future investment income [333]. - The company’s payment of dividends is at the discretion of its Board of Directors and may change based on financial results and availability of statutory surplus [207].