Paycom Q3 2020 Earnings Report
Key Takeaways
Paycom's Q3 2020 revenues reached $196.5 million, a 12.3% increase year-over-year. GAAP net income was $27.5 million, or $0.47 per diluted share, while non-GAAP net income was $40.6 million, or $0.70 per diluted share. Adjusted EBITDA was $67.5 million, representing 34.3% of total revenues.
Total revenues increased by 12.3% compared to the same period last year, reaching $196.5 million.
Recurring revenues grew by 12.4% year-over-year, accounting for 98.0% of total revenues.
GAAP net income was $27.5 million, or $0.47 per diluted share.
Adjusted EBITDA was $67.5 million, representing 34.3% of total revenues.
Paycom
Paycom
Paycom Revenue by Segment
Forward Guidance
Paycom anticipates revenues between $212.0 million and $214.0 million and adjusted EBITDA between $76.0 million and $78.0 million for the quarter ending December 31, 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income