PAYC · 10-Q · 2026Q2 · Full report

Revenue Performance and Mix

Paycom Software, Inc. · 2026-08-06 · Importance 49 · Surprise 32 · From source text

Total revenue increased 9.8% year over year to $531.2 million in the second quarter of 2026 and 8.8% to $1.103 billion for the six months ended June 30, 2026. Recurring and other revenue grew 11.0% to $505.2 million in the quarter and 9.8% to $1.049 billion year to date, driven by new clients, additional applications, increased product usage and pricing strategies. Interest revenue from funds held for clients declined 8.5% to $26.0 million in the quarter and 8.7% to $53.9 million year to date because lower interest rates outweighed higher average client-fund balances. Average daily funds held for clients increased to $3.0 billion from $2.8 billion for the six months ended June 30, 2025, while smaller-client attrition partially offset recurring revenue growth.

Key facts

• Three months total revenues: $531.2 million for the three months ended June 30, 2026, a 9.8% increase versus prior year. source
• Six months total revenues: $1,103.1 million for the six months ended June 30, 2026, an 8.8% increase versus prior year. source
• Three months recurring and other revenues: $505.2 million (95.1% of total revenues) for the three months ended June 30, 2026. source
• Six months recurring and other revenues: $1,049.2 million (95.1% of total revenues) for the six months ended June 30, 2026. source
• Three months interest on funds held for clients: $26.0 million (4.9% of total revenues) for the three months ended June 30, 2026. source
• Six months interest on funds held for clients: $53.9 million (4.9% of total revenues) for the six months ended June 30, 2026. source

Impact estimates