PAYC · News · 20260806N

Competition and Market Share

Paycom Software, Inc. · 2026-08-06 · Importance 17 · Surprise 24

Paycom primarily serves the midmarket, with customers averaging approximately 360 employees. Morningstar reported that the company faces increased competition as it pursues larger, upmarket customers. The competitive pressure is concentrated in winning enterprise and larger midmarket accounts, although Paycom’s automation capabilities are expected to support its positioning and profitability.

Key facts

• Morningstar reported that Paycom primarily serves the midmarket with customers averaging 360 employees and is facing increased competition as it aims for upmarket clients. source