Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $841 | $1,056 | $1,375 | $1,694 | $1,883 |
| Gross Profit | $718 | $894 | $1,163 | $1,417 | $1,549 |
| Operating Income | $186 | $254 | $379 | $451 | $634 |
| Net Income | $143 | $196 | $281 | $341 | $502 |
Over the past five years, Paycom Software, Inc. has demonstrated robust growth across its key financial metrics. Revenue increased from approximately 841 million USD in 2020 to 1883 million USD in 2024, marking consistent, healthy growth despite a slight deceleration in the most recent year (from 1693 million USD in 2023, an ~11% increase in 2024 compared to previous higher double-digit rates). Gross profit displayed a similar upward trajectory—from about 718 million USD in 2020 to nearly 1549 million USD in 2024—although the growth rate moderated to just over 9% in 2024 after stronger gains in earlier years. Such trends indicate an expanding top line, though the dampened rate in the final year may suggest market saturation or pricing pressures as the company matures in a competitive industry. Operating income and net income, which are critical indicators of operational efficiency, have experienced significant year-over-year improvements, with notable surges exceeding 20% during several periods. Operating income jumped nearly 49% from 2021 (254 million USD) to 2022 (379 million USD), while net income surged by approximately 44% in the same time frame. These improvements are likely driven by operational scaling, effective cost management, and the inherent advantages within the software-as-a-service industry, where higher margins are common once fixed costs are covered. Overall, Paycom’s performance suggests strong financial health and sustainable profitability, bolstered by increasing margins and efficient growth despite evolving market conditions in the broader technology and software landscape.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.