Loading...
•
Sep 30, 2022
Paycom Q3 2022 Earnings Report
Reported a 30% increase in revenue, along with strong GAAP and non-GAAP net income and adjusted EBITDA.
Key Takeaways
Paycom Software, Inc. reported strong third-quarter results with a 30% increase in total revenues to $334 million. GAAP net income was $52 million, or $0.90 per diluted share, while non-GAAP net income was $73 million, or $1.27 per diluted share. Adjusted EBITDA reached $126 million, representing 38% of total revenues.
Total revenues increased by 30.4% compared to the same period last year, reaching $334.2 million.
Recurring revenues grew by 30.6% to $328.2 million, constituting 98.2% of total revenues.
GAAP Net Income was $52.2 million, or $0.90 per diluted share, compared to $30.4 million, or $0.52 per diluted share, in the same period last year.
Adjusted EBITDA was $126.0 million, compared to $89.7 million in the same period last year.
Revenue by Segment
Forward Guidance
Paycom provides the following expected financial guidance for the quarter and the year ending December 31, 2022.
Positive Outlook
- Total Revenues in the range of $366 million to $368 million for the quarter ending December 31, 2022.
- Adjusted EBITDA in the range of $144 million to $146 million for the quarter ending December 31, 2022.
- Total Revenues in the range of $1.371 billion to $1.373 billion for the year ending December 31, 2022.
- Adjusted EBITDA in the range of $560 million to $562 million for the year ending December 31, 2022.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...