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Paycom
🇺🇸 NYSE:PAYC
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•
Jun 30, 2020

Paycom Q2 2020 Earnings Report

Paycom's Q2 2020 financial results reflected a 7% increase in total revenues and strong performance in new business, positioning the company well for long-term growth.

Key Takeaways

Paycom reported a 7% increase in total revenues to $181.6 million for the second quarter of 2020. GAAP net income was $28.6 million, or $0.49 per diluted share, while non-GAAP net income was $35.9 million, or $0.62 per diluted share. Adjusted EBITDA was $61.2 million, representing 33.7% of total revenues.

Total revenues increased by 7% to $181.6 million compared to the same period last year.

Recurring revenues grew by 7% to $178.0 million, constituting 98% of total revenues.

GAAP net income was $28.6 million, or $0.49 per diluted share.

Adjusted EBITDA was $61.2 million, representing 33.7% of total revenues.

Total Revenue
$182M
Previous year: $169M
+7.2%
EPS
$0.62
Previous year: $0.75
-17.3%
Adjusted EBITDA
$61.2M
Previous year: $69.4M
-11.8%
Adjusted EBITDA margin
33.7%
Gross Profit
$152M
Previous year: $144M
+5.5%
Cash and Equivalents
$114M
Previous year: $94.8M
+19.7%
Free Cash Flow
-$1.25M
Previous year: $22.5M
-105.5%
Total Assets
$1.92B
Previous year: $1.83B
+5.2%

Paycom

Paycom

Paycom Revenue by Segment

Forward Guidance

Paycom expects total revenues in the range of $191.0 million to $193.0 million and adjusted EBITDA in the range of $56.0 million to $58.0 million for the quarter ending September 30, 2020.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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