Paycom Software Full Year 2024 Earnings: EPS Beats Expectations

Paycom Software (NYSE:PAYC) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.88b (up 11% from FY 2023).
• Net income: US$502.0m (up 47% from FY 2023).
• Profit margin: 27% (up from 20% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$8.93 (up from US$5.91 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Paycom Software EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%.

In the last 12 months, the only revenue segment was Internet Software & Services contributing US$1.88b. The largest operating expense was Sales & Marketing costs, amounting to US$434.4m (39% of total expenses). Explore how PAYC's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 3.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Paycom Software's balance sheet and an in-depth analysis of the company's financial position.

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