FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-36393 Paycom Software, Inc. (Registrant's telephone number, including area code) Securities registered pursuant to ...

Financial Data and Key Metrics Changes - The company reported Q1 2022 revenue of approximately $354 million, representing a 30% year-over-year growth, exceeding expectations [8][16] - Recurring revenue was $348.2 million, accounting for 98% of total revenues and also growing 30% year-over-year [17] - Adjusted EBITDA was $170.1 million, or 48.1% of total revenues, compared to $133 million or 48.9% in the prior year [19] - GAAP net income for Q1 was $91.9 million, or $1.58 per diluted share, compared to $64.6 million, or $1.11 per diluted share in the prior year [20] - The company ended the quarter with cash and cash equivalents of approximately $361 million and total debt of $29 million [21] Business Line Data and Key Metrics Changes - Employee usage of self-service solutions is increasing, with over a quarter of clients implementing Beti, the advanced payroll experience [9][10] - The marketing plan is performing well, delivering strong demo leads and brand recognition, contributing to rapid revenue growth [11] Market Data and Key Metrics Changes - The company has only captured approximately 5% of a large and growing Total Addressable Market (TAM), indicating significant growth potential [14][24] - The company expects total revenues for Q2 2022 in the range of $308 million to $310 million, representing approximately 28% growth year-over-year [23] Company Strategy and Development Direction - The company is focused on innovation and expanding its market share, with a strong emphasis on employee usage and self-service technology [9][12] - The company plans to continue investing aggressively in marketing and advertising throughout 2022 to drive growth [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market demand for their solutions and the success in expanding market share despite macroeconomic uncertainties [24][74] - The company believes that tight labor markets drive the need for efficient technology solutions, which positions them well for continued growth [73] Other Important Information - The company has a deep pipeline of projects and continues to innovate its products to deliver more value to clients [19][64] - Management acknowledged the recent leadership transition and expressed confidence in the new leadership's ability to drive growth [88] Q&A Session Summary Question: Concerns about European market impact - Management noted that their focus is on the domestic market and that they are not significantly affected by European issues, maintaining strong growth despite macro challenges [29] Question: Momentum in different customer segments - Management highlighted success in penetrating the market above the 1,000 employee mark, driven by the deployment of self-service technology [30] Question: Impact of higher interest rates - Management indicated that recent interest rate increases would take time to impact their financials, but they are monitoring the situation closely [31] Question: New office staffing and guidance - All new offices are open and producing revenue, although full maturity takes about two years [33] Question: Competitive landscape and retention rates - Management stated that they are not seeing significant changes in competitor retention rates and remain focused on capturing market share [81] Question: Product innovation and future plans - Management confirmed ongoing product development and enhancements, with a focus on increasing client engagement and satisfaction [64][86] Question: Client employment base stability - Management noted that client employment levels have remained stable, which is crucial for their business growth [67] Question: Salesforce growth and retention - Management reported improved sales retention rates, attributed to better performance and quicker advancement of sales reps [68] Question: Competitive environment and innovation - Management emphasized their leadership in innovation and the importance of continuing to meet employee expectations for technology [102]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting ...

Financial Data and Key Metrics Changes - Paycom reported Q4 2021 revenue of $285 million, a 29% increase year-over-year, and full-year revenue of $1.56 billion, growing 25% compared to 2020 [12][23]. - The annual revenue retention rate increased to 94%, reflecting strong ROI for clients [12][34]. - Adjusted EBITDA for Q4 2021 was $109.6 million, representing a margin of 38.4%, while full-year adjusted EBITDA was $419.3 million, with a margin of 39.7% [30][34]. - GAAP net income for Q4 was $48.7 million, or $0.84 per diluted share, compared to $24.4 million, or $0.42 per diluted share in the prior year [31][34]. - Cash from operations increased by 40.6% to $319 million in 2021 [35]. Business Line Data and Key Metrics Changes - Recurring revenue for Q4 2021 was $280 million, accounting for 98% of total revenues, and grew 29% year-over-year [24]. - Adjusted gross profit for Q4 was $239.7 million, with an adjusted gross margin of 84.1% [26]. - Adjusted sales and marketing expenses for Q4 were $72.3 million, indicating effective marketing strategies driving high-quality leads [27]. Market Data and Key Metrics Changes - Paycom ended 2021 with nearly 34,000 clients, a 9% growth compared to 2020 [25]. - The company expanded its target client size range from 5,000 to 10,000 employees, indicating a focus on larger clients [16]. Company Strategy and Development Direction - Paycom is focused on automating HR processes and enhancing employee self-service capabilities, positioning itself as a leader in the transformation of HR and payroll systems [11][15]. - The company plans to continue investing in talent, marketing, innovation, and geographic expansion to meet increasing demand [39]. - Paycom aims to capture more market share, currently holding only about 5% of the total addressable market (TAM) [17]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong demand and sales momentum, with expectations for continued growth in 2022 [21][39]. - The company noted that the pandemic's impact on employment levels has stabilized, allowing for a more predictable business environment moving forward [84]. - Management highlighted the importance of employee usage of products as a key driver for client retention and satisfaction [45]. Other Important Information - Paycom received several awards in 2021, including recognition for its innovative product Beti and being named a top workplace [18]. - The company opened five new sales offices in the last five months, indicating a commitment to expanding its sales force [16][28]. Q&A Session Summary Question: What are the drivers behind the 94% retention rate? - Management indicated that the increase in retention rates is driven by higher employee usage of products, leading to greater ROI for clients [42][45]. Question: How should investors think about customer additions in light of past growth? - Management noted that while customer additions moderated compared to the previous year, they are focusing on larger clients, which has resulted in higher average revenue per client [53][54]. Question: Can you provide insights on sales team productivity? - Management reported that sales productivity has improved significantly compared to pre-pandemic levels, attributing this to better strategies and connections with prospects [101]. Question: How is the competitive landscape evolving? - Management acknowledged that while there is increased competition, particularly from companies like UKG, Paycom is well-positioned to capture market share due to its innovative solutions and strong client satisfaction [112][114].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-36393 Paycom Software, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Paycom Software, Inc. (NYSE:PAYC) Q3 2021 Earnings Conference Call November 2, 2021 5:00 PM ET Company Participants James Samford – Head of Investor Relations Chad Richison – President and CEO Craig Boelte – CFO Conference Call Participants Raimo Lenschow – Barclays Samad Samana – Jefferies Brad Reback – Stifel Mark Marcon – Baird Michael Rackers – Needham Matt Diamond – Mizuho Bryan Bergin – Cowen Alan – Fools Research Robert Symons – DA Davidson Barvin Chow – Deutsche Bank Operator Good day and thank y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-36393 Paycom Software, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Paycom Software, Inc. (NYSE:PAYC) Q2 2021 Earnings Conference Call August 3, 2021 5:00 PM ET Company Participants James Samford - IR Chad Richison - President and CEO Craig Boelte - CFO Conference Call Participants Raimo Lenschow - Barclays Samad Samana - Jeffries Brad Reback - Stifel Mark Marcon - Baird Daniel Jester - Citi Brian Schwartz - Oppenheimer Michael Rackers - Needham Matt Diamond - Mizuho Bryan Bergin - Cowen Operator Thank you for standing by and welcome to the Paycom Software Second Quarter 20 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-36393 Paycom Software, Inc. (Exact name of registrant as specified in its charter) Delaware 80-0957485 (State or o ...

Paycom Software's (NYSE:PAYC) Q1 2021 Earnings Conference Call May 4, 2021 5:00 PM ET Company Participants James Samford - Investor Relations Chad Richison - President and Chief Executive Officer Craig Boelte - Chief Financial Officer Conference Call Participants Raimo Lenschow - Barclays Samad Samana - Jefferies Daniel Jester - Citi Brian Schwartz - Oppenheimer Robert Simmons - RBC Josh - Needham Ami Mehta - Mizuho Bryan Bergin - Cowen Josh Beck - KeyBanc Arvind Ramnani - Piper Sandler Alex Zukin - Wolfe R ...