Company Snapshot

Investment Thesis

Paycom provides cloud-based human capital management software for mid-sized employers with a single database architecture. High switching costs, cross-sell of payroll adjacent modules, and usage-based features drive ARR growth.

  • Single Database: One app for payroll, HR, talent, and timekeeping eliminates integrations.
  • Self-Service Innovation: Betti pay and payroll experience empower employees and reduce admin tasks.
  • High Margins: 80%+ gross margin SaaS model generates strong free cash flow.

Strategic Mix

Payroll Core recurring revenue
HR/Talent Modules Onboarding, performance, LMS
Time & Attendance Hardware and software
Services Implementation, support

Mix outlines Paycom's core payroll plus adjacent module revenue streams.

Recent Performance

MTD TBD
QTD TBD
YTD TBD
5Y TBD

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Strategic Insights

Cross-Sell

Bundling HR modules increases ARPU and retention.

Employee Self-Service

Betti payroll automation reduces employer workloads.

Geographic Expansion

Regional offices extend coverage into new U.S. markets.

Latest Coverage

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