Stock Analysis on Net
Stock Analysis on Net

Paycom Software Inc. (NYSE:PAYC)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Common-Size Income Statement 

Paycom Software Inc., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Recurring 98.30 98.22 98.15 98.20 98.40
Implementation and other 1.70 1.78 1.85 1.80 1.60
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Operating expenses -12.35 -12.36 -11.62 -12.11 -13.46
Depreciation and amortization -3.12 -2.98 -3.06 -2.77 -2.57
Cost of revenues -15.47% -15.34% -14.68% -14.88% -16.03%
Gross profit 84.53% 84.66% 85.32% 85.12% 83.97%
Sales and marketing -25.20 -26.15 -28.01 -24.30 -25.41
Research and development -10.79 -11.22 -10.73 -9.91 -8.17
General and administrative -17.39 -19.88 -21.18 -17.29 -17.06
Depreciation and amortization -3.62 -3.39 -3.28 -2.96 -2.67
Administrative expenses -56.99% -60.64% -63.20% -54.46% -53.30%
Operating income 27.54% 24.02% 22.12% 30.67% 30.67%
Interest expense -0.18 0.00 0.00 -0.13 -0.14
Other income (expense), net 0.98 0.23 -0.02 0.11 0.31
Income before income taxes 28.33% 24.25% 22.10% 30.65% 30.85%
Provision for income taxes -7.87 -5.68 -5.05 -6.17 -6.65
Net income 20.46% 18.57% 17.05% 24.48% 24.20%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Paycom Software Inc. operating income as a percentage of revenues increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Paycom Software Inc. income before income taxes as a percentage of revenues increased from 2020 to 2021 and from 2021 to 2022.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Paycom Software Inc. net income as a percentage of revenues increased from 2020 to 2021 and from 2021 to 2022.