PAYC · 10-Q · 2026Q3 · Full report

Headcount / Restructuring

Paycom Software, Inc. · 2026-11-05 · Importance 52 · Surprise 42

Paycom attributed lower employee-related costs during the three and nine months ended September 30, 2026 to reduced headcount associated with automation of core business systems. Cost-of-revenue employee-related expense declined $4.7 million in the quarter and $17.4 million over nine months. Sales and marketing employee-related expense declined $3.4 million in the quarter and $5.7 million over nine months. Lower employee-related expenses were also the primary reason R&D expense decreased 48.1% in the quarter and 28.4% over nine months.