NYSE$PAYC
Paycom Software Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported strong third quarter fundamentals with solid revenue and earnings growth.
Paycom Software, Inc. reported a revenue of $406.3 million for the third quarter of 2023, representing a 21.6% increase compared to the same period last year. GAAP net income was $75.2 million, or $1.30 per diluted share, while non-GAAP net income was $102.4 million, or $1.77 per diluted share. Adjusted EBITDA was $165.6 million.
- Total revenues reached $406.3 million, a 21.6% increase year-over-year.
- Recurring revenues were $398.8 million, comprising 98.1% of total revenues.
- GAAP net income amounted to $75.2 million, or $1.30 per diluted share.
- Adjusted EBITDA totaled $165.6 million.
Headline financials
Revenue & EPS history
Paycom · Revenue · Quarterly
$406M
Revenue by segment
Paycom · $399M total across 1 segment · Q3 2023
- Recurring and other$399M+21.5%100.0%
Forward guidance
Paycom provides the following expected financial guidance for the quarter and the year ending December 31, 2023. Quarter Ending December 31, 2023: Total Revenues in the range of $420 million to $425 million. Adjusted EBITDA in the range of $169 million to $174 million. Year Ending December 31, 2023: Total Revenues in the range of $1.679 billion to $1.684 billion. Adjusted EBITDA in the range of $712 million to $717 million.
Tailwinds
- Total Revenues in the range of $420 million to $425 million for the quarter ending December 31, 2023.
- Adjusted EBITDA in the range of $169 million to $174 million for the quarter ending December 31, 2023.
- Total Revenues in the range of $1.679 billion to $1.684 billion for the year ending December 31, 2023.
- Adjusted EBITDA in the range of $712 million to $717 million for the year ending December 31, 2023.
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 Q3 2023
+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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