PAYC · 10-Q · 2026Q3 · Full report

Interest Income Trends

Paycom Software, Inc. · 2026-11-05 · Importance 37 · Surprise 32

Interest earned on funds held for clients fell 8.6% year over year to $24.5 million in the third quarter of 2026 and 8.7% to $78.3 million for the first nine months. Lower interest rates drove the decline, partly offset by higher average client-fund balances. Average daily funds held for clients increased to $2.9 billion for the nine months ended September 30, 2026, from $2.7 billion in the comparable 2025 period.

Key facts

• Paycom’s average daily funds held for clients were $2.9 billion for the nine months ended September 30, 2026, compared with $2.7 billion for the corresponding 2025 period. source
• Paycom’s interest on funds held for clients was $24.5 million for the three months ended September 30, 2026, down 8.6%, and $78.3 million for the nine months, down 8.7%. source
• Lower interest rates reduced Paycom’s interest earned on funds held for clients in the three and nine months ended September 30, 2026 compared with the prior-year periods, partly offset by increased average client-fund balances. source