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 five-year period, Paycom Software, Inc. demonstrated strong top-line growth, with revenue increasing from approximately $841 million in 2020 to $1,883 million in 2024. This represents a compounded upward trend driven by successive year-over-year increases of roughly 25%, 30%, 23%, and then a more moderate 11% growth in 2024. Gross profit followed a similar increasing trajectory—from $717.9 million to $1,548.6 million—indicating that the company has been successful in both bolstering sales and maintaining effective cost management on its service delivery. Such growth is notable within the competitive cloud-based payroll and human capital management software industry where technological innovation and customer retention are critical. Operating income and net income trends further underscore Paycom’s improving operational efficiency and profitability. Operating income rose from $186.1 million in 2020 to $634.3 million in 2024, while net income surged from $143.5 million to $502 million, reflecting enhanced margins and scaling effects over time. In particular, the significant margin upticks seen in 2024—a roughly 40% jump in operating income compared to the previous year—suggest effective cost control and potential gains from operational improvements. Overall, the company’s financial performance over these five years points to robust and sustainable growth. With consistent, data-driven increases in revenue and profitability metrics, Paycom appears well-positioned to continue capitalizing on market opportunities in a highly competitive and evolving tech-driven human capital management sector.
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.