Paycom Software Inc
NYSE:PAYC
Income Statement
Earnings Waterfall
Paycom Software Inc
Revenue
|
1.7B
USD
|
Cost of Revenue
|
-276.3m
USD
|
Gross Profit
|
1.4B
USD
|
Operating Expenses
|
-966.1m
USD
|
Operating Income
|
451.3m
USD
|
Other Expenses
|
-110.5m
USD
|
Net Income
|
340.8m
USD
|
Income Statement
Paycom Software Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
108
N/A
|
117
+9%
|
126
+8%
|
137
+9%
|
151
+10%
|
169
+12%
|
185
+9%
|
204
+10%
|
225
+10%
|
260
+15%
|
284
+10%
|
306
+8%
|
329
+7%
|
359
+9%
|
383
+7%
|
407
+6%
|
433
+6%
|
467
+8%
|
498
+7%
|
530
+6%
|
566
+7%
|
612
+8%
|
653
+7%
|
695
+6%
|
738
+6%
|
780
+6%
|
792
+2%
|
814
+3%
|
841
+3%
|
871
+4%
|
932
+7%
|
991
+6%
|
1 056
+6%
|
1 137
+8%
|
1 212
+7%
|
1 290
+6%
|
1 375
+7%
|
1 473
+7%
|
1 558
+6%
|
1 630
+5%
|
1 694
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(21)
|
(23)
|
(25)
|
(26)
|
(27)
|
(29)
|
(30)
|
(33)
|
(36)
|
(39)
|
(43)
|
(49)
|
(54)
|
(59)
|
(65)
|
(68)
|
(72)
|
(79)
|
(82)
|
(86)
|
(91)
|
(96)
|
(101)
|
(105)
|
(110)
|
(110)
|
(115)
|
(119)
|
(124)
|
(130)
|
(137)
|
(148)
|
(162)
|
(174)
|
(188)
|
(200)
|
(213)
|
(230)
|
(247)
|
(261)
|
(276)
|
|
Gross Profit |
87
N/A
|
94
+9%
|
102
+8%
|
112
+10%
|
124
+11%
|
140
+14%
|
155
+10%
|
171
+10%
|
189
+11%
|
221
+17%
|
242
+10%
|
258
+7%
|
275
+7%
|
299
+9%
|
318
+6%
|
339
+7%
|
361
+7%
|
389
+8%
|
417
+7%
|
444
+7%
|
476
+7%
|
516
+8%
|
552
+7%
|
590
+7%
|
628
+7%
|
670
+7%
|
678
+1%
|
695
+3%
|
718
+3%
|
741
+3%
|
795
+7%
|
843
+6%
|
894
+6%
|
963
+8%
|
1 024
+6%
|
1 089
+6%
|
1 163
+7%
|
1 244
+7%
|
1 311
+5%
|
1 369
+4%
|
1 417
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(77)
|
(87)
|
(95)
|
(102)
|
(108)
|
(122)
|
(124)
|
(138)
|
(155)
|
(168)
|
(184)
|
(206)
|
(173)
|
(174)
|
(189)
|
(189)
|
(231)
|
(261)
|
(264)
|
(278)
|
(302)
|
(331)
|
(357)
|
(380)
|
(402)
|
(417)
|
(451)
|
(484)
|
(532)
|
(550)
|
(583)
|
(622)
|
(640)
|
(678)
|
(713)
|
(748)
|
(784)
|
(831)
|
(883)
|
(919)
|
(966)
|
|
Selling, General & Administrative |
(72)
|
(81)
|
(88)
|
(94)
|
(99)
|
(107)
|
(112)
|
(125)
|
(140)
|
(151)
|
(164)
|
(182)
|
(145)
|
(142)
|
(153)
|
(150)
|
(191)
|
(215)
|
(215)
|
(223)
|
(241)
|
(260)
|
(279)
|
(292)
|
(307)
|
(317)
|
(345)
|
(375)
|
(414)
|
(428)
|
(453)
|
(480)
|
(486)
|
(512)
|
(536)
|
(558)
|
(586)
|
(619)
|
(656)
|
(677)
|
(706)
|
|
Research & Development |
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(6)
|
(8)
|
(9)
|
(11)
|
(13)
|
(17)
|
(21)
|
(24)
|
(28)
|
(30)
|
(30)
|
(35)
|
(38)
|
(41)
|
(46)
|
(53)
|
(60)
|
(68)
|
(73)
|
(76)
|
(81)
|
(83)
|
(90)
|
(93)
|
(100)
|
(109)
|
(118)
|
(125)
|
(134)
|
(143)
|
(148)
|
(160)
|
(172)
|
(183)
|
(199)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(15)
|
(17)
|
(19)
|
(20)
|
(22)
|
(23)
|
(25)
|
(26)
|
(28)
|
(29)
|
(31)
|
(33)
|
(36)
|
(40)
|
(44)
|
(47)
|
(50)
|
(52)
|
(55)
|
(58)
|
(61)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
9
N/A
|
7
-26%
|
7
-3%
|
10
+43%
|
16
+62%
|
19
+21%
|
31
+62%
|
33
+7%
|
34
+4%
|
53
+53%
|
58
+10%
|
52
-11%
|
102
+97%
|
126
+24%
|
128
+2%
|
150
+17%
|
130
-13%
|
128
-1%
|
152
+19%
|
167
+9%
|
174
+4%
|
185
+7%
|
195
+5%
|
209
+7%
|
226
+8%
|
253
+12%
|
227
-10%
|
210
-7%
|
186
-11%
|
191
+3%
|
212
+11%
|
221
+4%
|
254
+15%
|
285
+13%
|
311
+9%
|
342
+10%
|
379
+11%
|
413
+9%
|
428
+4%
|
450
+5%
|
451
+0%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(10)
|
(9)
|
(8)
|
(6)
|
(4)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
2
|
2
|
0
|
(2)
|
(3)
|
(4)
|
1
|
3
|
4
|
5
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
|
Non-Reccuring Items |
0
|
0
|
(4)
|
(4)
|
(4)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
|
Total Other Income |
2
|
2
|
2
|
3
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
1
|
1
|
2
|
2
|
(1)
|
(4)
|
(4)
|
(4)
|
(2)
|
1
|
1
|
1
|
1
|
1
|
2
|
4
|
13
|
18
|
23
|
27
|
22
|
|
Pre-Tax Income |
1
N/A
|
(1)
N/A
|
(2)
-214%
|
3
N/A
|
10
+246%
|
18
+87%
|
30
+63%
|
32
+7%
|
34
+6%
|
52
+54%
|
57
+11%
|
51
-11%
|
101
+99%
|
125
+24%
|
128
+2%
|
149
+17%
|
128
-15%
|
128
0%
|
152
+19%
|
167
+10%
|
175
+5%
|
185
+6%
|
194
+5%
|
208
+7%
|
226
+9%
|
252
+12%
|
227
-10%
|
210
-7%
|
186
-12%
|
193
+4%
|
213
+11%
|
223
+4%
|
256
+15%
|
288
+13%
|
314
+9%
|
346
+10%
|
390
+13%
|
428
+10%
|
448
+5%
|
474
+6%
|
472
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(0)
|
0
|
(2)
|
(4)
|
(8)
|
(12)
|
(14)
|
(13)
|
(18)
|
(19)
|
(10)
|
(31)
|
(39)
|
(33)
|
(40)
|
(5)
|
3
|
(6)
|
(13)
|
(38)
|
(42)
|
(37)
|
(41)
|
(46)
|
(56)
|
(50)
|
(46)
|
(43)
|
(48)
|
(45)
|
(51)
|
(60)
|
(65)
|
(86)
|
(95)
|
(108)
|
(119)
|
(132)
|
(135)
|
(132)
|
|
Income from Continuing Operations |
1
|
(1)
|
(2)
|
1
|
6
|
11
|
17
|
18
|
21
|
34
|
38
|
40
|
70
|
86
|
95
|
110
|
123
|
131
|
146
|
154
|
137
|
143
|
156
|
167
|
181
|
196
|
176
|
165
|
144
|
145
|
169
|
172
|
196
|
223
|
228
|
250
|
281
|
309
|
316
|
339
|
341
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
1
N/A
|
(1)
N/A
|
(2)
-111%
|
1
N/A
|
6
+375%
|
11
+86%
|
17
+61%
|
18
+6%
|
21
+14%
|
33
+59%
|
38
+14%
|
40
+6%
|
70
+75%
|
85
+22%
|
95
+11%
|
110
+16%
|
123
+13%
|
131
+6%
|
147
+12%
|
154
+5%
|
137
-11%
|
143
+4%
|
156
+9%
|
167
+7%
|
181
+8%
|
196
+9%
|
176
-10%
|
165
-7%
|
144
-13%
|
145
+1%
|
169
+16%
|
172
+2%
|
196
+14%
|
223
+14%
|
228
+2%
|
250
+10%
|
281
+12%
|
309
+10%
|
316
+2%
|
339
+7%
|
341
+1%
|
|
EPS (Diluted) |
0.01
N/A
|
-0.01
N/A
|
-0.03
-200%
|
0.02
N/A
|
0.11
+450%
|
0.2
+82%
|
0.31
+55%
|
0.33
+6%
|
0.36
+9%
|
0.56
+56%
|
0.63
+13%
|
0.66
+5%
|
1.19
+80%
|
1.43
+20%
|
1.6
+12%
|
1.85
+16%
|
2.09
+13%
|
2.21
+6%
|
2.48
+12%
|
2.62
+6%
|
2.34
-11%
|
2.45
+5%
|
2.64
+8%
|
2.85
+8%
|
3.09
+8%
|
3.36
+9%
|
2.99
-11%
|
2.83
-5%
|
2.46
-13%
|
2.5
+2%
|
2.9
+16%
|
2.95
+2%
|
3.37
+14%
|
3.84
+14%
|
3.93
+2%
|
4.31
+10%
|
4.84
+12%
|
5.33
+10%
|
5.45
+2%
|
5.85
+7%
|
5.88
+1%
|