Summary
Paycom Software, Inc. announced robust financial results for the first quarter of 2025, showcasing a revenue growth of 6% year-over-year, reaching $531 million. The company reported a GAAP net income of $139 million, which is 26% of total revenues, equating to $2.48 per diluted share. Additionally, Paycom’s non-GAAP net income stood at $158 million, or $2.80 per diluted share, while the adjusted EBITDA for the quarter was $253 million, representing 48% of total revenues. Paycom’s CEO, Chad Richison, attributed this success to advancements in automation and operational efficiency, enhancing their outlook for 2025.
Key Points
- First Quarter revenues of $531 million, up 6% year-over-year.
- GAAP Net Income of $139 million, equaling $2.48 per diluted share.
- Non-GAAP Net Income of $158 million ($2.80 per diluted share).
- Adjusted EBITDA of $253 million, constituting 48% of total revenues.
- Cash and cash equivalents increased to $520.8 million.
- Total debt remained at $0.
- Projected total revenue for 2025 is estimated between $2.023 billion and $2.038 billion, representing around 8% growth.
Why should I read this?
If you’re into finance or interested in the software industry, Paycom’s latest quarterly results highlight significant advancements and impressive growth. It’s a great way to gauge how a leading player in human capital management is thriving amidst market changes. Plus, you’ll pick up insights into their strategies for continued success, saving you time sifting through the numbers yourself!