NYSE$PAYC
Paycom Software Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Paycom reported first quarter results with revenue up 11% year-over-year and GAAP net income representing 49% of total revenues.
Paycom's first quarter 2024 results showed a revenue increase of 10.7% to $499.9 million. GAAP net income was $247.2 million, or $4.37 per diluted share, while non-GAAP net income was $146.6 million, or $2.59 per diluted share. Adjusted EBITDA was $229.5 million.
- Total revenues increased by 10.7% year-over-year, reaching $499.9 million.
- GAAP net income was $247.2 million, or $4.37 per diluted share.
- Non-GAAP net income was $146.6 million, or $2.59 per diluted share.
- Adjusted EBITDA totaled $229.5 million.
Headline financials
Revenue & EPS history
Paycom · Revenue · Quarterly
$500M
Revenue by segment
Paycom · $399M total across 1 segment · Q3 2023
- Recurring and other$399M+21.5%100.0%
Forward guidance
Paycom provides financial guidance for the quarter ending June 30, 2024, and the year ending December 31, 2024.
Tailwinds
- Total Revenues in the range of $434 million to $438 million for Q2 2024.
- Adjusted EBITDA in the range of $151 million to $155 million for Q2 2024.
- Total Revenues in the range of $1.860 billion to $1.885 billion for FY 2024.
- Adjusted EBITDA in the range of $720 million to $730 million for FY 2024.
- Focus on expanding solution automation capabilities.
Headwinds
- Uncertainty regarding depreciation and amortization.
- Uncertainty regarding interest expense.
- Uncertainty regarding taxes.
- Uncertainty regarding non-cash stock-based compensation expense.
- Reconciliations of forward-looking adjusted EBITDA ranges to net income are not available at this time without unreasonable effort.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.4%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+2.9%
Avg return
30 days after
60%
32 / 53 earnings
Positive
+22.1%
Q2 2018
Best reaction
-37.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.0% | +7.6% | +8.9% | |
| Q4 2025 | +1.8% | +3.0% | +5.9% | |
| Q3 2025 | -10.9% | -7.3% | -9.8% | |
| Q1 2025 | +9.1% | +13.8% | +16.2% | |
| Q4 2024 | +2.4% | +3.1% | +0.5% | |
| Q3 2024 | +1.2% | +10.6% | +11.0% | |
| Q2 2024 | +1.2% | -4.5% | -1.6% | |
| Q1 2024 | -11.3% | -7.2% | -22.7% | |
| Q4 2023 | -1.0% | -3.0% | -8.3% | |
| Q3 2023 | -37.2% | -33.8% | -24.3% | |
| Q2 2023 | -18.7% | -21.2% | -20.0% | |
| Q1 2023 | -1.3% | -8.4% | -5.5% | |
| Q4 2022 | -2.6% | -3.8% | -13.3% | |
| Q3 2022 | -8.5% | -11.5% | +0.1% | |
| Q2 2022 | +6.1% | +11.4% | +4.4% | |
| Q1 2022 | +12.1% | +0.9% | +3.5% | |
| Q4 2021 | +11.1% | +6.4% | -5.8% | |
| Q3 2021 | -6.3% | -7.7% | -19.7% | |
| Q2 2021 | +10.7% | +16.6% | +25.2% | |
| Q1 2021 | -10.0% | -13.5% | -15.7% | |
| Q4 2020 | -5.9% | -4.6% | -11.3% | |
| Q3 2020 | +1.1% | +9.7% | +18.4% | |
| Q2 2020 | +4.8% | +3.0% | -1.4% | |
| Q1 2020 | +19.4% | +6.9% | +27.0% | |
| Q4 2019 | -13.9% | -11.8% | -20.7% | |
| Q3 2019 | +1.9% | +2.5% | +33.8% | |
| Q2 2019 | +4.9% | +3.0% | +10.7% | |
| Q1 2019 | +1.7% | +4.5% | +5.6% | |
| Q4 2018 | +8.5% | +12.8% | +13.0% | |
| Q3 2018 | +1.1% | +1.0% | +6.1% | |
| Q2 2018 | +22.1% | +28.8% | +48.2% | |
| Q1 2018 | -8.6% | -6.1% | -7.7% | |
| Q4 2017 | +0.5% | -0.9% | +30.1% | |
| Q3 2017 | -3.5% | +0.2% | +2.3% | |
| Q2 2017 | -2.8% | -0.9% | +6.4% | |
| Q1 2017 | +4.2% | +6.5% | +10.5% | |
| Q4 2016 | +13.0% | +14.2% | +23.7% | |
| Q3 2016 | -15.5% | -16.9% | -17.6% | |
| Q2 2016 | +6.6% | +7.7% | +7.4% | |
| Q1 2016 | +2.8% | — | — | |
| Q4 2015 | -2.7% | — | — | |
| Q3 2015 | +17.3% | — | — | |
| Q2 2015 | +20.4% | — | — | |
| Q1 2015 | +12.8% | — | — | |
| Q4 2012 | -3.2% | — | — | |
| Q4 2014 | +5.7% | — | — | |
| Q3 2013 | +2.2% | — | — | |
| Q3 2014 | +19.6% | — | — | |
| Q2 2013 | +0.7% | — | — | |
| Q2 2014 | +9.0% | — | — | |
| Q1 2013 | -3.2% | — | — | |
| Q4 2013 | -3.2% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q3 2012 | — | — | — |
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