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.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Paycom Software Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Recurring 398,763 394,522 444,421 364,008 328,150 311,534 348,164 280,026 251,306 237,585 267,774 216,747 192,664 177,950 238,495 190,161 171,405 165,998 196,864 147,931 130,830 126,609 151,885
Implementation and other 7,540 6,617 7,216 6,600 6,017 5,390 5,355 4,960 4,888 4,561 4,424 4,200 3,868 3,637 3,873 3,248 3,601 3,315 3,079 2,401 2,458 2,191 2,031
Revenues 406,303 401,139 451,637 370,608 334,167 316,924 353,519 284,986 256,194 242,146 272,198 220,947 196,532 181,587 242,368 193,409 175,006 169,313 199,943 150,332 133,288 128,800 153,916
Operating expenses (55,600) (54,617) (53,085) (47,541) (44,169) (39,604) (38,492) (37,863) (34,766) (28,773) (29,073) (26,127) (24,278) (23,257) (24,116) (23,183) (21,088) (20,289) (24,776) (19,828) (18,158) (17,677) (20,568)
Depreciation and amortization (13,341) (12,811) (12,147) (11,530) (10,935) (10,478) (9,992) (8,660) (7,914) (7,637) (7,200) (6,903) (6,634) (6,301) (5,930) (5,615) (5,304) (4,950) (4,542) (4,274) (3,967) (3,254) (3,037)
Cost of revenues (68,941) (67,428) (65,232) (59,071) (55,104) (50,082) (48,484) (46,523) (42,680) (36,410) (36,273) (33,030) (30,912) (29,558) (30,046) (28,798) (26,392) (25,239) (29,318) (24,102) (22,125) (20,931) (23,605)
Gross profit 337,362 333,711 386,405 311,537 279,063 266,842 305,035 238,463 213,514 205,736 235,925 187,917 165,620 152,029 212,322 164,611 148,614 144,074 170,625 126,230 111,163 107,869 130,311
Sales and marketing (101,162) (106,435) (103,574) (92,727) (91,114) (87,724) (74,996) (75,509) (69,745) (67,979) (62,761) (62,488) (62,146) (56,064) (55,018) (51,006) (47,060) (41,575) (39,645) (42,699) (37,183) (31,647) (32,352)
Research and development (51,864) (49,118) (42,669) (39,569) (40,366) (36,803) (31,605) (34,414) (31,077) (28,224) (24,711) (25,073) (21,772) (21,778) (21,621) (18,211) (19,605) (16,775) (18,489) (12,740) (11,526) (10,731) (11,250)
General and administrative (71,827) (75,965) (65,605) (60,021) (60,693) (57,912) (60,504) (49,606) (59,980) (54,063) (46,191) (56,713) (40,516) (40,837) (40,134) (29,148) (25,728) (27,460) (45,198) (22,905) (22,048) (18,995) (32,657)
Depreciation and amortization (15,608) (14,927) (14,125) (13,386) (12,625) (12,090) (11,663) (10,308) (9,407) (8,380) (7,716) (7,396) (7,150) (6,774) (6,285) (5,952) (5,665) (5,378) (4,805) (4,473) (4,161) (3,459) (3,032)
Administrative expenses (240,461) (246,445) (225,973) (205,703) (204,798) (194,529) (178,768) (169,837) (170,209) (158,646) (141,379) (151,670) (131,584) (125,453) (123,058) (104,317) (98,058) (91,188) (108,137) (82,817) (74,918) (64,832) (79,291)
Operating income 96,901 87,266 160,432 105,834 74,265 72,313 126,267 68,626 43,305 47,090 94,546 36,247 34,036 26,576 89,264 60,294 50,556 52,886 62,488 43,413 36,245 43,037 51,020
Interest expense (222) (602) (837) (949) (1,018) (354) (215) (3) (16) (146) (260) (258) (276) (348) (384) (34)
Other income (expense), net 5,362 6,183 6,004 9,104 2,041 878 1,412 1,376 244 146 629 354 246 162 (930) 971 195 (263) (100) (366) 583 515 1,030
Income before income taxes 102,041 92,847 165,599 113,989 75,288 72,837 127,464 70,002 43,549 47,236 95,175 36,601 34,282 26,735 88,318 61,119 50,491 52,365 62,112 42,699 36,444 43,518 52,050
Provision for income taxes (26,822) (28,331) (46,303) (34,038) (23,135) (15,482) (35,534) (21,315) (13,170) 5,042 (30,559) (12,234) (6,800) 1,854 (25,303) (15,739) (11,339) (3,603) (14,830) (11,285) (7,675) (7,796) (10,890)
Net income 75,219 64,516 119,296 79,951 52,153 57,355 91,930 48,687 30,379 52,278 64,616 24,367 27,482 28,589 63,015 45,380 39,152 48,762 47,282 31,414 28,769 35,722 41,160

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Paycom Software Inc. revenues decreased from Q1 2023 to Q2 2023 but then slightly increased from Q2 2023 to Q3 2023.
Operating income The net result for the period of deducting operating expenses from operating revenues. Paycom Software Inc. operating income decreased from Q1 2023 to Q2 2023 but then slightly increased from Q2 2023 to Q3 2023.
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 decreased from Q1 2023 to Q2 2023 but then slightly increased from Q2 2023 to Q3 2023.
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 decreased from Q1 2023 to Q2 2023 but then slightly increased from Q2 2023 to Q3 2023.