Analyst Consensus ?
ConsensusHold34 ratings
Bullish1647.1%
Neutral1750.0%
Bearish12.9%
1 unmapped firm rating excluded from the percentages.
Paycom Software, Inc. · PAYC · FY2024 Q4 · Calendar Q1 2025
Paycom maintains FY2025 outlook as automation drives retention focus
The current analysis supports a constructive but qualified view: Paycom's automation products, service efficiency, enterprise focus, and geographic expansion provide growth avenues, while retention, interest income, adoption, and competition remain key tests.
Reported After market closeNYSETechnology
$12.38B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.99
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $481.1M
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+2.4%
Event window
SPY move
+1.1%
Same window
Abnormal move
+1.3%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-1.9%
Up to 20 sessions
PAYCSPY benchmark
Ask FN2 about PAYC FY2024 Q4
Transcript, numbers and history already loaded
What drove PAYC's +2.4% move after FY2024 Q4 earnings?What changed in PAYC's guidance and outlook in FY2024 Q4?Give me the bull and bear case for PAYC after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis frames FY2025 around maintained guidance and execution: continued automation and AI rollout, new product upgrades, international expansion, and additional sales offices. It also adds a clearer focus on retention stability, lower interest income, R&D accounting, and competitive dynamics.
Guidance delta
Management maintained FY2025 guidance: revenue of $2.015-$2.035 billion and adjusted EBITDA of $820-$840 million at a 41% margin.
Key takeaways
- Management highlighted Beti, GONE, and its AI agent as automation and service-efficiency drivers.
- FY2025 plans emphasize product upgrades, international expansion, and additional sales offices.
- Cash generation supported share repurchases, a dividend, and a reduced capex ratio.
- The outlook remains exposed to retention trends, lower interest income, macro conditions, and competition.
Management priorities
- Continue full-solution automation and AI enhancements
- Expand internationally and add sales offices as the pipeline matures
- Launch product announcements and feature upgrades through 2025
- Keep capex below 10% of revenue while maintaining capital returns
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$274.59Current
$120Low
$268.11Average
$550High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Guggenheim | Buy | Buy | Maintain | Oct 23, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 13, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 2, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Sep 21, 2026 |
| UBS | Buy | Buy | Maintain | Sep 1, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Aug 25, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 7, 2026 |
| Stifel | Hold | Hold | Maintain | Aug 6, 2026 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Aug 6, 2026 |
| BTIG | Buy | Buy | Maintain | Aug 6, 2026 |
| Mizuho | Neutral | Neutral | Maintain | May 7, 2026 |
| Jefferies | Hold | Hold | Maintain | Feb 12, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Feb 12, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | May 8, 2025 |
| Needham | Hold | Hold | Maintain | May 8, 2025 |
| B of A Securities | Neutral | Buy | Downgrade | Nov 2, 2023 |
| William Blair | Market Perform | Outperform | Downgrade | Nov 1, 2023 |
| Oppenheimer | Perform | Outperform | Downgrade | Nov 1, 2023 |
| Deutsche Bank | Hold | Buy | Downgrade | Nov 1, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 2, 2023 |
| Baird | Outperform | Outperform | Maintain | Aug 2, 2023 |
| DA Davidson | Buy | Neutral | Upgrade | Mar 30, 2023 |
| MoffettNathanson | Underperform | Underperform | Maintain | Jan 9, 2023 |
| Wolfe Research | Outperform | Outperform | Maintain | Nov 2, 2022 |
| RBC Capital | Outperform | Outperform | Maintain | Feb 11, 2021 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 11, 2021 |
| Stifel Nicolaus | Hold | Hold | Maintain | Oct 30, 2019 |
| Citi | Buy | Buy | Maintain | Oct 25, 2019 |
| Canaccord Genuity | Hold | Hold | Maintain | May 2, 2019 |
| Bank of America | Neutral | Buy | Downgrade | Sep 26, 2018 |
| Dougherty | Buy | Buy | Maintain | Oct 31, 2017 |
| Wells Fargo | Outperform | Outperform | Maintain | May 12, 2017 |
| Wunderlich | Buy | Buy | Maintain | Feb 23, 2017 |
| Pacific Crest | Overweight | Downgrade | Jan 30, 2017 | |
| Brean Capital | Buy | Buy | Maintain | Mar 17, 2015 |
Named analyst price targets
Upside is calculated against the persisted current price $274.59. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Guggenheim | Analyst unavailable | $300 | $272.61 | +9.3% | Oct 23, 2026 |
| Barclays | Raimo Lenschow | $250 | $235.01 | -9.0% | Oct 13, 2026 |
| KeyBanc | Analyst unavailable | $280 | $226.28 | +2.0% | Sep 21, 2026 |
| Robert W. Baird | Analyst unavailable | $245 | $216.41 | -10.8% | Aug 6, 2026 |
| Stifel Nicolaus | Brad Reback | $200 | $215.34 | -27.2% | Aug 6, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $195 | $214.53 | -29.0% | Aug 6, 2026 |
| BMO Capital | Analyst unavailable | $208 | $174.8 | -24.3% | Aug 6, 2026 |
| UBS | Analyst unavailable | $270 | $174.8 | -1.7% | Aug 6, 2026 |
| Guggenheim | Jason Smith | $225 | $174.8 | -18.1% | Aug 6, 2026 |
| BTIG | Allan Verkhovski | $230 | $174.8 | -16.2% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $210 | $174.8 | -23.5% | Aug 6, 2026 |
| Jefferies | Analyst unavailable | $160 | $174.8 | -41.7% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $154 | $149.71 | -43.9% | Jul 21, 2026 |
| Deutsche Bank | Analyst unavailable | $140 | $132.94 | -49.0% | May 7, 2026 |
| BTIG | Analyst unavailable | $160 | $133.01 | -41.7% | May 7, 2026 |
| Mizuho Securities | Siti Panigrahi | $130 | $126.32 | -52.7% | May 7, 2026 |
| Barclays | Raimo Lenschow | $148 | $126.32 | -46.1% | May 7, 2026 |
| UBS | Analyst unavailable | $183 | $134.94 | -33.4% | Apr 21, 2026 |
| Cantor Fitzgerald | Analyst unavailable | $115 | $114.54 | -58.1% | Feb 12, 2026 |
| BMO Capital | Analyst unavailable | $137 | $118.6 | -50.1% | Feb 12, 2026 |
| Stifel Nicolaus | Analyst unavailable | $120 | $115.38 | -56.3% | Feb 12, 2026 |
| Barclays | Analyst unavailable | $140 | $115.72 | -49.0% | Feb 12, 2026 |
| Robert W. Baird | Mark Marcon | $183 | $115.68 | -33.4% | Feb 12, 2026 |
| BTIG | Allan Verkhovski | $140 | $118.77 | -49.0% | Feb 12, 2026 |
| KeyBanc | Analyst unavailable | $195 | $118.77 | -29.0% | Feb 12, 2026 |
| Mizuho Securities | Siti Panigrahi | $120 | $118.77 | -56.3% | Feb 12, 2026 |
| Guggenheim | Jacob Smith | $180 | $118.77 | -34.4% | Feb 12, 2026 |
| Jefferies | Analyst unavailable | $130 | $118.77 | -52.7% | Feb 12, 2026 |
| Guggenheim | Analyst unavailable | $210 | $133.95 | -23.5% | Jan 30, 2026 |
| Cantor Fitzgerald | Matthew VanVliet | $135 | $139.65 | -50.8% | Jan 29, 2026 |
| UBS | Kevin McVeigh | $210 | $146.73 | -23.5% | Jan 26, 2026 |
| BMO Capital | Daniel Jester | $175 | $149.49 | -36.3% | Jan 16, 2026 |
| Barclays | Analyst unavailable | $185 | $157.17 | -32.6% | Jan 12, 2026 |
| BTIG | Analyst unavailable | $195 | $162.77 | -29.0% | Dec 16, 2025 |
| UBS | Analyst unavailable | $165 | $161.91 | -39.9% | Nov 6, 2025 |
| Barclays | Analyst unavailable | $225 | $201.09 | -18.1% | Oct 21, 2025 |
| Jefferies | Analyst unavailable | $225 | $199.82 | -18.1% | Oct 13, 2025 |
| Guggenheim | Analyst unavailable | $270 | $214.85 | -1.7% | Sep 25, 2025 |
| UBS | Analyst unavailable | $285 | $213.32 | +3.8% | Sep 16, 2025 |
| KeyBanc | Jason Celino | $290 | $244.82 | +5.6% | Aug 7, 2025 |
| KeyBanc | Analyst unavailable | $245 | $213.02 | -10.8% | Mar 10, 2025 |
| Barclays | Raimo Lenschow | $221 | $207.57 | -19.5% | Jan 23, 2025 |
| BMO Capital | Daniel Jester | $197 | $209.03 | -28.3% | Oct 31, 2024 |
| Piper Sandler | Arvind Ramnani | $191 | $172.25 | -30.4% | Oct 31, 2024 |
| Jefferies | Samad Samana | $175 | $172.25 | -36.3% | Oct 31, 2024 |
| Barclays | Raimo Lenschow | $167 | $166.79 | -39.2% | Aug 1, 2024 |
| Barclays | Raimo Lenschow | $184 | $144.76 | -33.0% | May 31, 2024 |
| Mizuho Securities | Siti Panigrahi | $170 | $171.29 | -38.1% | May 6, 2024 |
| Barclays | Raimo Lenschow | $200 | $150.69 | -27.2% | Nov 1, 2023 |
| Barclays | Analyst unavailable | $336 | $314.91 | +22.4% | Feb 8, 2023 |
| Oppenheimer | Analyst unavailable | $400 | $344.52 | +45.7% | Feb 8, 2023 |
| Piper Sandler | Analyst unavailable | $417 | $344.52 | +51.9% | Feb 8, 2023 |
| MoffettNathanson | Analyst unavailable | $310 | $290.69 | +12.9% | Jan 9, 2023 |
| Citigroup | Steve Enders | $400 | $342.71 | +45.7% | Nov 2, 2022 |
| Wolfe Research | Analyst unavailable | $400 | $352.33 | +45.7% | Aug 4, 2022 |
| BMO Capital | Daniel Jester | $368 | $353.19 | +34.0% | Aug 3, 2022 |
| Credit Suisse | Analyst unavailable | $375 | $348.16 | +36.6% | Aug 3, 2022 |
| Oppenheimer | Analyst unavailable | $375 | $337.86 | +36.6% | Aug 3, 2022 |
| Piper Sandler | Analyst unavailable | $387 | $337.86 | +40.9% | Aug 3, 2022 |
| Barclays | Analyst unavailable | $308 | $309.9 | +12.2% | Jul 18, 2022 |
| Piper Sandler | Analyst unavailable | $361 | $301.83 | +31.5% | Jul 18, 2022 |
| KeyBanc | Josh Beck | $340 | $280.54 | +23.8% | Jun 23, 2022 |
| Jefferies | Analyst unavailable | $335 | $269.82 | +22.0% | May 23, 2022 |
| Needham | Ryan MacDonald | $450 | $328.2 | +63.9% | May 4, 2022 |
| Oppenheimer | Analyst unavailable | $350 | $288.46 | +27.5% | May 4, 2022 |
| Robert W. Baird | Mark Marcon | $440 | $335.01 | +60.2% | Feb 8, 2022 |
| Deutsche Bank | Bhavin Shah | $450 | $335.01 | +63.9% | Feb 8, 2022 |
| Mizuho Securities | Siti Panigrahi | $350 | $335.01 | +27.5% | Feb 8, 2022 |
| KeyBanc | Josh Beck | $400 | $304.67 | +45.7% | Jan 25, 2022 |
| Barclays | Raimo Lenschow | $380 | $328.27 | +38.4% | Jan 20, 2022 |
| Cowen & Co. | Bryan Bergin | $550 | $521.17 | +100.3% | Oct 18, 2021 |
| RBC Capital | Matthew Hedberg | $430 | $341.09 | +56.6% | May 5, 2021 |
Track every rating change on PAYC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPaycom Software, Inc., established in 1998 and headquartered in Oklahoma City, Oklahoma, provides a comprehensive, cloud-based human capital management (HCM) platform. This software-as-a-service (SaaS) solution is specifically tailored for small to mid-sized businesses across the United States. It equips organizations with the essential functionality and analytical insights needed to oversee the complete employee journey, from the initial hiring process through to retirement. The robust HCM suite encompasses a wide array of applications across several critical HR domains. For talent acquisition and onboarding, it offers tools such as applicant tracking, candidate management, background checks, seamless onboarding processes, E-Verify compliance, and tax credit services.…
Historical context
All PAYC earningsTechnology peers this season
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| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
| NOK Nokia Oyj | FY2026 Q3 · Calendar Q4 2026 | +25.0% | -14.8% | Nokia Q3: AI and cloud growth lifts margins as cash flow stays negative |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the PAYC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-29T00:04:08.037886+00:00
- Polygon adjusted daily market bars · 2026-10-25T02:10:41.527739+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T02:10:41.524806+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.