PAYC financial statements

The full income statement, balance sheet, and cash-flow statement for Paycom (PAYC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	2.05B YoY+8.9%	1.88B YoY+11.2%	1.69B YoY+23.2%	1.38B YoY+30.3%	1.06B YoY+25.4%
	1.71B YoY+10.2%	1.55B YoY+9.3%	1.42B YoY+21.9%	1.16B	—
Cost of revenue	345M YoY+3.2%	335M YoY+21.1%	276M YoY+29.9%	213M YoY+31.4%	162M YoY+31.0%
Research & development	283M YoY+16.8%	243M YoY+21.9%	199M YoY+34.2%	148M YoY+25.2%	118M YoY+31.2%
Selling, general & administrative	1.14B YoY+24.6%	914M YoY-5.4%	966M YoY+23.3%	784M YoY+22.5%	640M YoY+20.4%
General & administrative	—	—	288M YoY+20.5%	239M YoY+14.0%	210M YoY+17.8%
Selling & marketing	483M YoY+11.1%	434M YoY+4.0%	418M YoY+20.5%	347M YoY+25.6%	276M YoY+17.1%
Amortization of intangibles	8.80M YoY+125.6%	3.90M YoY+0.0%	3.90M YoY-2.5%	4.00M YoY+60.0%	2.50M YoY+1150.0%
Operating income	567M YoY-10.6%	634M YoY+40.5%	451M YoY+19.2%	379M YoY+49.3%	254M YoY+36.2%
Interest expense	3.40M YoY+0.0%	3.40M YoY+78.9%	1.90M YoY-24.0%	2.50M	—
Other non-operating income	55.6M YoY+207.2%	18.1M YoY-21.3%	23.0M YoY+71.6%	13.4M YoY+459.5%	2.40M YoY+1525.6%
Pre-tax income	619M YoY-4.6%	649M YoY+37.4%	472M YoY+21.3%	390M YoY+52.2%	256M YoY+37.7%
Income tax	166M YoY+12.9%	147M YoY+11.7%	132M YoY+21.6%	108M YoY+80.3%	60.0M YoY+41.2%
	453M YoY-9.7%	502M YoY+47.3%	341M YoY+21.1%	281M YoY+43.6%	196M YoY+36.6%
Net income to common	—	—	—	—	196M YoY+36.6%
	$8.08 YoY-9.4%	$8.92 YoY+51.7%	$5.88 YoY+21.5%	$4.84 YoY+43.6%	$3.37 YoY+37.0%
EPS (basic)	$8.13 YoY-9.0%	$8.93 YoY+51.1%	$5.91 YoY+21.6%	$4.86 YoY+43.4%	$3.39 YoY+36.1%
	55.8M YoY-0.8%	56.2M YoY-2.6%	57.7M YoY-0.4%	57.9M YoY+0.1%	57.9M YoY+0.5%
	56.1M YoY-0.3%	56.3M YoY-2.9%	58.0M YoY-0.3%	58.2M YoY-0.0%	58.2M YoY-0.2%
Dividends per share	$0.38 YoY+0.0%	$0.38 YoY+0.0%	$0.38	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.84B YoY+35.6%	4.30B YoY+53.0%	2.81B YoY+1.8%	2.76B YoY+22.7%	2.25B YoY+20.8%
Cash & equivalents	370M YoY-8.0%	402M YoY+36.7%	294M YoY-26.6%	401M YoY+44.1%	278M YoY+83.2%
Accounts receivable	44.9M YoY+14.5%	39.2M YoY+139.0%	16.4M YoY-28.2%	22.8M YoY+140.7%	9.49M YoY+3.9%
Inventory	1.70M YoY+21.4%	1.40M YoY+0.0%	1.40M YoY-12.9%	1.61M YoY+42.1%	1.13M YoY-1.7%
Prepaid expenses	47.5M YoY+7.0%	44.4M YoY+18.1%	37.6M YoY+10.4%	34.1M YoY+43.5%	23.7M YoY+32.9%
	7.60B YoY+29.7%	5.86B YoY+39.6%	4.20B YoY+7.6%	3.90B YoY+21.4%	3.22B YoY+23.3%
Property, plant & equipment	—	—	498M YoY+23.8%	402M YoY+15.3%	349M YoY+22.3%
Operating lease right-of-use	89.4M YoY+10.9%	80.6M YoY+9.2%	73.8M YoY+85.5%	39.8M YoY+33.3%	29.8M YoY+12.7%
Goodwill	51.9M YoY+0.0%	51.9M YoY+0.0%	51.9M YoY+0.0%	51.9M YoY+0.0%	51.9M YoY+0.0%
Intangible assets	37.4M YoY-19.0%	46.2M YoY-7.8%	50.1M YoY-7.3%	54.0M YoY-6.9%	58.0M YoY+18090.6%
Other non-current assets	36.5M YoY+16.2%	31.4M YoY+5.4%	29.8M YoY-51.9%	62.0M YoY+46.3%	42.4M YoY+22.8%
	5.37B YoY+37.4%	3.91B YoY+54.1%	2.53B YoY+6.6%	2.38B YoY+19.4%	1.99B YoY+15.9%
Accounts payable	6.60M YoY-72.4%	23.9M YoY+71.9%	13.9M YoY-13.4%	16.1M YoY+178.1%	5.77M YoY-15.0%
Deferred revenue	28.3M YoY-5.7%	30.0M YoY+31.6%	22.8M YoY+15.0%	19.8M YoY+21.8%	16.3M YoY+20.0%
Short-term & current debt	—	—	—	0.00 YoY-100.0%	1.77M YoY+0.0%
Current lease liability	28.4M YoY+39.2%	20.4M YoY+6.3%	19.2M	—	—
	5.87B YoY+37.0%	4.28B YoY+48.0%	2.89B YoY+6.4%	2.72B YoY+17.2%	2.32B YoY+18.9%
Long-term debt	—	—	—	29.0M YoY+5.9%	27.4M YoY-6.0%
Deferred revenue (non-current)	122M YoY+6.4%	115M YoY+6.4%	108M YoY+10.4%	97.6M YoY+14.6%	85.1M YoY+16.2%
Non-current lease liability	61.9M YoY-1.7%	63.0M YoY+11.1%	56.7M	—	—
Deferred tax liabilities	304M YoY+103.3%	150M YoY+4.1%	144M YoY+2.0%	141M YoY-3.1%	146M YoY+29.2%
Other non-current liabilities	10.6M YoY-78.8%	49.9M YoY-3.5%	51.7M YoY-31.3%	75.2M YoY+3.1%	73.0M YoY+278.9%
Total non-current liabilities	499M YoY+32.2%	377M YoY+4.8%	360M YoY+5.0%	343M YoY+3.6%	331M YoY+41.3%
	1.73B YoY+9.9%	1.58B YoY+20.9%	1.30B YoY+10.2%	1.18B YoY+32.3%	894M YoY+36.3%
Common stock	600K YoY+0.0%	600K YoY+0.0%	600K YoY-4.0%	625K YoY+0.3%	623K YoY+0.8%
Additional paid-in capital	878M YoY+21.2%	725M YoY+0.1%	724M YoY+25.6%	577M YoY+23.8%	466M YoY+30.1%
Retained earnings	2.26B YoY+19.5%	1.89B YoY+28.4%	1.47B YoY+22.8%	1.20B YoY+30.7%	916M YoY+27.2%
Treasury stock	1.40B YoY+35.4%	1.04B YoY+16.3%	891M YoY+51.6%	588M YoY+20.5%	488M YoY+15.5%
Accumulated other comprehensive income	300K YoY+150.0%	-600K YoY+40.0%	-1.00M YoY+73.0%	-3.70M	—
Total liabilities & equity	7.60B YoY+29.7%	5.86B YoY+39.6%	4.20B YoY+7.6%	3.90B YoY+21.4%	3.22B YoY+23.3%
	63.6M YoY+1.0%	63.0M YoY+0.5%	62.7M YoY+0.3%	62.5M YoY+0.4%	62.3M YoY+0.7%
	54.8M YoY-2.0%	55.9M YoY-1.1%	56.5M YoY-2.4%	57.9M YoY-0.2%	58.0M YoY+0.5%
	54.3M YoY-5.2%	57.3M YoY-0.5%	57.6M YoY-4.6%	60.3M YoY+0.2%	60.2M YoY+0.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	679M YoY+27.2%	534M YoY+10.1%	485M YoY+32.8%	365M YoY+14.3%	319M YoY+40.6%
Depreciation & amortization	176M YoY+20.8%	146M YoY+28.1%	114M YoY+22.9%	92.7M YoY+37.9%	67.2M YoY+25.9%
Share-based compensation	119M YoY+618.3%	-22.9M YoY-117.6%	130M YoY+36.8%	94.9M YoY-2.7%	97.5M YoY+8.2%
Deferred income taxes	154M YoY+2556.9%	5.80M YoY+3.6%	5.60M YoY+275.0%	-3.20M YoY-109.7%	32.9M YoY+53.9%
Change in receivables	5.70M YoY-75.0%	22.8M YoY+456.3%	-6.40M YoY-147.8%	13.4M YoY+3622.2%	360K YoY+314.3%
Change in inventory	300K	0.00 YoY+100.0%	-200K YoY-200.0%	200K YoY+141.6%	-481K YoY-1273.2%
Change in payables	-16.2M YoY-278.0%	9.10M YoY+275.0%	-5.20M YoY-144.4%	11.7M YoY+1872.7%	-660K YoY-143.2%
	-611M YoY-2653.2%	-22.2M YoY+88.7%	-197M YoY-744.2%	-23.3M YoY+91.0%	-258M YoY-118.6%
Capital expenditure	271M YoY+40.4%	193M YoY+0.2%	193M YoY+45.1%	133M YoY+9.9%	121M YoY+28.3%
Free cash flow	408M YoY+19.6%	341M YoY+16.6%	292M YoY+25.8%	232M YoY+17.0%	199M YoY+49.3%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Purchases of investments	836M YoY+3257.0%	24.9M YoY-0.4%	25.0M YoY-90.7%	269M YoY-32.6%	399M YoY+19.9%
Proceeds from sale of PP&E	100K	—	100K	—	—
	1.02B YoY-7.8%	1.11B YoY+503.6%	-275M YoY-207.9%	255M YoY+53.6%	166M YoY+199.9%
Long-term debt issued	0.00	0.00	0.00 YoY-100.0%	29.0M	0.00
Long-term debt repaid	0.00	0.00 YoY-100.0%	29.0M YoY-1.0%	29.3M YoY+1550.7%	1.77M YoY+0.0%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	326M YoY+165.1%	123M YoY-57.2%	287M YoY+202.6%	94.7M	0.00 YoY-100.0%
Dividends paid	84.8M YoY+0.0%	84.8M YoY+30.9%	64.8M	0.00	0.00
Interest paid	2.10M YoY+5.0%	2.00M YoY+100.0%	1.00M YoY+100.0%	500K YoY+24900.0%	2.00K
Income taxes paid	78.1M YoY-42.1%	135M YoY-2.9%	139M YoY+38.0%	101M YoY+204.2%	33.1M YoY+20.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	8.65B YoY-26.3%	11.7B YoY-5.7%	12.5B YoY-33.2%	18.6B YoY-25.5%	25.0B YoY-8.2%
P/E	19.1× YoY-18.4%	23.4× YoY-36.3%	36.7× YoY-50.7%	74.5× YoY-41.6%	127.6× YoY-32.8%
P/S	4.2× YoY-32.4%	6.2× YoY-18.4%	7.6× YoY-47.1%	14.4× YoY-39.0%	23.7× YoY-26.8%
P/B	5.0× YoY-32.9%	7.4× YoY-15.0%	8.8× YoY-49.4%	17.3× YoY-38.1%	28.0× YoY-32.6%
P/FCF	21.2× YoY-38.4%	34.4× YoY-16.3%	41.1× YoY-55.7%	93.0× YoY-26.1%	125.8× YoY-38.5%
	5.2% YoY+22.6%	4.3% YoY+57.1%	2.7% YoY+102.7%	1.3% YoY+71.3%	0.78% YoY+48.7%
	4.7% YoY+62.4%	2.9% YoY+19.5%	2.4% YoY+126.0%	1.1% YoY+35.4%	0.79% YoY+62.5%
	0.24% YoY+28.6%	0.18% YoY+0.9%	0.18%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: PAYC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PAYC filings on SEC EDGAR → Not investment advice.