Short answer
Paycom (PAYC) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $493M (up 9.2% year over year) with net income of $111M.
Q3 2025 key financials · XBRL
- Revenue
- $493M
- +9.2% YoY · +2.0% QoQ
- Net income
- $111M
- +51.1% YoY · +23.7% QoQ
- Operating margin
- 22.8%
- Gross margin
- 82.7%
- EPS (diluted)
- $1.96
- +48.5% YoY · +24.1% QoQ
Source: XBRL data from the Paycom (PAYC) Q3 2025 10-Q on SEC EDGAR. USD.
Paycom Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $493.3M, up 9.1% YoY from $451.9M in Q3 2024
- Operating margin 22.8% vs 23.2% YoY; net income margin 22.4% vs 16.2% YoY, net income $110.7M up 51.1%
- Best performing segment: recurring and other revenues $466.5M (+10.6% YoY); worst: interest on funds held for clients $26.8M (-11.0% YoY)
- Operating cash flow $482.8M, up 29% YoY; capital expenditures increased with $100M spent on AI-focused data center expansion (May-Oct 2025)
- Management highlights near-term focus on AI automation, expects increased R&D expenses, plans to continue dividends and opportunistic share repurchases; notes ongoing macroeconomic and competitive headwinds impacting client hiring and growth
Risk Factors
- Newly added risk: Geopolitical conflicts in Ukraine and the Middle East exacerbating economic and market uncertainties
- Most materially updated risk: Interest rate fluctuations impacting investment income on client and corporate funds during market volatility
- Regulatory/legal risk: Potential U.S. federal government shutdown affecting clients funded by government resources and delaying payments
- Operational risk: Longer sales cycles and slower technology adoption due to adverse economic conditions and increased price competition
- Financial risk: Liquidity risk from market, credit, and interest rate exposure on client funds invested before remittance to taxing authorities
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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