Paycom Software: Dealing With International Expansion Pitfalls, Client Attrition Threats & Other Major Roadblocks!

Paycom Software, Inc. displayed a mixed but overall positive performance in its first-quarter 2025 financial results, highlighting both opportunities and challenges for investors. The company’s total revenue reached $531 million, marking a 6% increase from the previous year. This growth was driven by recurring and other revenue, which totaled $500 million, a 7% year-over-year increase. However, interest on funds held for clients declined by 10% year-over-year, representing a challenge due to anticipated rate cuts in 2024. Paycom’s GAAP net income for the quarter was recorded at $139 million, translating to $2.48 per diluted share, and non-GAAP net income came in at $158 million, or $2.80 per diluted share.