PAYC · Full Picture

Paycom Software, Inc. — the full picture

Earnings window · 2026-07-16 to 2026-08-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Capital Return Program · Buybacks & dividendsPriority 91
    -32.7% cash; 3 sources (news, press_release, sec_filing); 1 forward row(s); structured_verified
    Treasury stock at cost as of June 30, 2026: $(2,817.4) million (19.7 shares), compared to $(1,403.4) million (8.8 shares) at December 31, 2025.
  2. Operating Income and Margins · Operating income & profitabilityPriority 89
    +47.6% net_income (realized); 3 sources (news, press_release, sec_filing); quote_verified
    Three months operating income: $168.5 million (31.7% of total revenues) for the three months ended June 30, 2026, a 50.0% increase versus prior year.
  3. Interest Rate Environment · Interest ratesPriority 81
    -16.8% operating_income; 2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    Paycom's guidance includes Interest on funds held for clients of approximately $105 million for the year ending December 31, 2026.
  4. Revenue Performance and Mix · Revenue growth & mixPriority 81
    +25.7% revenue (realized); 3 sources (news, press_release, sec_filing); structured_verified
    Paycom reported total revenues of $531 million for the second quarter of 2026, a 10% year-over-year increase.
  5. Liquidity and Debt Position · Liquidity & cash positionPriority 79
    -87.0% assets (realized); quote_verified
    Long-term debt as of June 30, 2026: $900.0 million (none as of December 31, 2025).
  6. Outstanding Indebtedness · Debt, leverage & refinancingPriority 76
    -17.3% liability (realized); structured_verified
    As of June 30, 2026, outstanding borrowings under the Revolving Credit Facility were $900.0 million and those borrowings were used to fund stock repurchases.
  7. Guidance and Outlook · Guidance & outlookPriority 68
    2 sources (news, press_release); 6 forward row(s); quote_verified
    Paycom provided financial guidance for the year ending December 31, 2026: total revenue in the range of $2.197 billion to $2.212 billion, representing year-over-year growth between 7% and 8%.
  8. Income Tax Rate Changes · TaxPriority 67
    -9.8% net_income (realized); structured_verified
    Three months provision for income taxes: $49.5 million (9.3% of total revenues) for the three months ended June 30, 2026, a 78.6% increase versus prior year.
  9. Operating Expense Trends · Operating expenses (SG&A)Priority 64
    +7.4% operating_income (realized); 2 sources (press_release, sec_filing); 1 forward row(s); quote_verified
    Research and development expenses for the three months ended June 30, 2026: $51.9 million (9.8% of revenues), down from $74.8 million in prior year period.
  10. Gross Margin Drivers · Gross marginPriority 63
    +66.5% operating_income (realized); quote_verified
    Total gross profit for the three months ended June 30, 2026: $442.1 million and gross margin 83.2%.
  11. Market Demand Trends · Demand, orders & backlogPriority 62
    3 sources (news, press_release, sec_filing); quote_verified
    Paycom's Q2 2026 results caused the company's shares to surge 15.2% in after-hours trading.
  12. Liquidity and Debt Position · Debt, leverage & refinancingPriority 57
    -3.8% liability (realized); quote_verified
    On April 23, 2026, the Credit Agreement was amended and restated and the aggregate commitments under the Revolving Credit Facility were increased to $2.125 billion.

Threads by pillar

Revenue & Demand Priority 90 · 6 threads

Costs & Margins Priority 93 · 4 threads

Capital & Balance Sheet Priority 97 · 7 threads

Strategy & Portfolio Priority 44 · 2 threads

Legal, Regulatory & Policy Priority 21 · 1 thread

Guidance & Outlook Priority 68 · 1 thread

Macro & Market Conditions Priority 84 · 4 threads

Unclassified Priority 40 · 1 thread

Expected impact by metric

metricforward netforward grossrealized
cash-32.7%+32.7%-26.1%
operating_income-16.8%+16.8%+119.3%
assets——-113.1%
net_income——+33.5%
revenue——+25.7%
liability——-55.7%