Paycom Software, Inc（PAYC）の決算・業績分析
Paycom Software, Incの2025年有価証券報告書をAI分析。売上高$2.1B(+8.9%)。営業利益$567M。Information Technology。
目次
Paycom Software, Incの2025年度 業績サマリー
Paycom Software, Inc（証券コード: PAYC）の2025年度決算・業績分析。売上高は$2.1B（前年比+8.9%）。営業利益は$567M（前年比-10.6%）。純利益は$453M（前年比-9.7%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Paycom Software, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $1.4B (+30.3% YoY) with 5-year CAGR of +24.5% (XBRL)
- Operating income jumped 49.3% YoY to $379M, driven by scalable SaaS model (XBRL)
- Net income reached $281M (+43.6% YoY) with 20.5% net margin (XBRL)
- Cash conversion cycle (CCC) of -17 days reflects exceptional working capital efficiency (XBRL)
- ROE of 31.5% highlights strong shareholder returns despite 3.24x debt-to-equity ratio (XBRL)
Paycom Software, Incの売上高変化の要因
- •Revenue grew 30.3% YoY to $1.4B, continuing a 5-year CAGR of +24.5% (XBRL). Historical data shows consistent expansion from $566M (FY2020) to $1.7B (projected FY2025). Growth is driven by the SaaS model's scalability, high client retention, and automation of HR processes. The company's single-platform solution differentiates it from competitors relying on fragmented third-party systems (10-K).
Paycom Software, Incの営業利益変化の要因
- •Paycom achieved 84.5% gross margin, 27.5% operating margin, and 20.5% net margin (XBRL). Operating income grew 49.3% YoY to $379M, with EBITDA at $471M (34.3% margin). Cost structure benefits from cloud infrastructure efficiency, while R&D spending of $148M supports product innovation. Net margin expansion reflects improved operating leverage as revenue scales.
Paycom Software, Incの事業リスクと対応
Cybersecurity breaches could compromise client data and result in liabilities (10-K)
SaaS infrastructure failures may disrupt service delivery (10-K)
Third-party vendor dependencies introduce operational risks (10-K)
Geopolitical tensions increase cyberattack vulnerability (10-K)
Regulatory investigations from security breaches may lead to fines (10-K)
Paycom Software, Incの事業内容
Paycom Software operates a cloud-based Human Capital Management (HCM) SaaS platform, automating the full employment lifecycle from recruitment to retirement (10-K). Its integrated solution includes payroll, talent acquisition, HR management, and time tracking applications, delivered as a single-platform system (10-K). With 37,500 clients and no single client exceeding 0.5% revenue concentration, the company leverages its in-house developed system, ISO certifications, and 90% annual revenue retention as key competitive advantages (10-K).
Paycom Software, IncのAI業績分析レポート（2024年度）
Paycom Software, Inc. (PAYC) FY2024 Annual Report Analysis
Key Highlights
Business Overview
Paycom provides a cloud-based SaaS HCM platform managing the full employment lifecycle (10-K). Its integrated solution includes payroll, talent acquisition, and HR management applications, serving 37,500 clients with no single client exceeding 0.5% revenue concentration (10-K). Competitive advantages include in-house development, ISO certifications, and 90% annual revenue retention (10-K).
Revenue Analysis
Revenue grew 30.3% YoY to $1.4B, continuing a 5-year CAGR of +24.5% (XBRL). Historical growth: $566M (FY2020) → $1.7B (FY2025). Scalable SaaS model and automation of HR processes drive expansion. The single-platform solution differentiates Paycom from competitors using fragmented systems (10-K).
Profitability Analysis
Cost structure benefits from cloud efficiency, while $148M R&D supports innovation.
Balance Sheet Analysis
Total assets grew from $2.5B (FY2020) to $5.9B (FY2025), with equity increasing from $281M to $1.3B.
Cash Flow Analysis
CapEx intensity of 9.7% reflects investment in cloud infrastructure.
Working Capital Analysis
Efficient working capital management generates cash from operations.
Risk Factors
Outlook
N/A
Information Technologyの企業一覧
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