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Paycom (PAYC)
NYSE:PAYC
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.6Last Year’s EPS
2.59Same Quarter Last Year
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 3.55%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with strong revenue growth, record sales, and notable product achievements. However, there are areas of concern, such as slower client growth and a decline in expected interest income. Overall, the company's financial performance and strategic initiatives suggest a positive sentiment moving forward.Company Guidance
During the Paycom earnings call for the fourth quarter and full year 2024, the company provided guidance for fiscal year 2025, projecting total revenue between $2.015 billion and $2.035 billion, marking an approximate 8% year-over-year increase. The expected recurring and other revenue growth is around 9% year-over-year, while interest on funds held for clients is anticipated to be approximately $110 million, down 12% from the previous year. Adjusted EBITDA is forecasted to be between $820 million and $840 million, reflecting a margin of 41% at the midpoint. The company plans to maintain a focus on automation, research and development, and sales to fuel momentum and enhance operational efficiencies.Strong Revenue Growth
Paycom reported full-year 2024 revenue of $1.88 billion, representing 11% organic growth compared to 2023. Fourth-quarter revenue was $494 million, representing growth of approximately 14% over the prior year period.
Record Sales and Expansion
Paycom experienced record-breaking sales in January and opened three new sales offices in Raleigh, Los Angeles, and Providence, expanding their total outside sales teams to 57.
Innovative Product Achievements
Automation solutions like Beti and GONE continue to drive significant ROI for clients, with some clients reducing payroll processing time by 85%. GONE received an Innovation Award from The Business Intelligent Group.
Operational Efficiency Gains
Paycom achieved a full-year adjusted EBITDA margin of 41.2% and a fourth-quarter margin of 43.5%, up 290 basis points year-over-year. Free cash flow was $337 million, up 17% year-over-year.
Strong Balance Sheet
Paycom ended the year with $402 million in cash and zero debt, maintaining a solid financial position.
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PAYC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PAYC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $207.05 | $211.98 | +2.38% |
| Oct 30, 2024 | $171.97 | $208.69 | +21.35% |
| Jul 31, 2024 | $166.14 | $166.72 | +0.35% |
| May 01, 2024 | $185.11 | $165.71 | -10.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Paycom (PAYC) report earnings?
Paycom (PAYC) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Paycom (PAYC) earnings time?
Paycom (PAYC) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PAYC EPS forecast?
PAYC EPS forecast for the fiscal quarter 2025 (Q1) is 2.6.
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