Paycom Software(NYSE) PAYC

Paycom Software, Inc. makes software that helps businesses manage their employees from hiring to retirement. The company's cloud-based tools simplify tasks like paying workers and tracking their hours. These services reduce the paperwork and complex calculations that business owners usually face.

Tools for the Modern Office

• Payroll: Handles tax administration and direct payments; required for all clients and serves as the foundation for the entire software suite.
• Talent Acquisition: Manages applicant tracking, background checks, and onboarding for new hires to streamline the recruitment process.
• Time and Labor: Tracks attendance and employee schedules through features like geofencing and Bluetooth technology.
• Talent Development: Offers learning modules, performance reviews, and analytics to help manage employee growth and career paths.
• Automation and AI: Uses a command-driven engine called IWant to help users find data without specialized training.

Expansion and Automation Efforts

• Launched the Global human capital management (HCM) solution to help organizations manage employees across international borders.
• Amended a revolving credit facility in April 2026 to increase borrowing capacity to $2.125 billion.
• Authorized a new stock repurchase plan in May 2026 to buy back up to $2 billion in shares.
• Introduced the IWant artificial intelligence engine to automate seeking information about employee data.

What Makes Paycom Different

The company uses a single database for all its functions, which means information does not need to be moved between different systems. Its automation strategy focuses on removing manual tasks so that employees and managers can handle their own data without specialized training.

The Latest Numbers

• Total revenue reached $531.2 million for the three-month period ended June 30, 2026, up 9.8% year over year.
• Recurring and other revenue was $505.2 million for the three months ended June 30, 2026, which accounts for 95.1% of total revenue.
• Net income was $107.4 million for the quarter ended June 30, 2026, up 20.0% year over year.
• Average daily balance of funds held for clients was $3 billion for the six-month period ended June 30, 2026.
• The company repurchased over 10.9 million shares for $1.4 billion during the six months ended June 30, 2026.

Evolution and Outlook

Paycom has transitioned from a payroll-focused provider to a comprehensive software suite using automation to improve efficiency. The company continues to shift toward international markets and larger organizations while reducing its own headcount through internal technology improvements.