For the quarter ending 2026-03-31, PAYC had -$2,728,800K decrease in cash & cash equivalents over the period. $182,600K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 155,700 | 113,800 | 110,700 | 89,500 |
| Depreciation and amortization | 51,100 | 49,400 | 45,000 | 42,000 |
| Stock-based compensation expense | 14,100 | 26,900 | 31,200 | 38,400 |
| Amortization of debt issuance costs | 200 | 300 | 600 | 200 |
| Loss on disposition of property and equipment | -2,900 | 0 | 100 | - |
| Accretion of discount on available-for-sale securities | 1,300 | 3,800 | 4,300 | 3,600 |
| Non-cash marketing expense | 100 | 100 | 100 | 400 |
| Deferred income taxes, net | 2,000 | 44,800 | 108,900 | 6,900 |
| Gain on modification of naming rights agreement | 9,000 | 0 | 35,600 | - |
| Other | - | -300 | 0 | -400 |
| Accounts receivable | 4,600 | -5,500 | 10,500 | 8,600 |
| Prepaid expenses | 15,100 | -18,600 | 5,400 | 7,000 |
| Inventory | -100 | -100 | 200 | 200 |
| Other assets | -2,400 | 4,200 | 2,100 | 500 |
| Deferred contract costs | 20,100 | 24,000 | 20,100 | 14,000 |
| Income taxes, net | 57,600 | -900 | -71,000 | -49,300 |
| Accounts payable | 2,400 | -13,400 | 800 | 10,800 |
| Accrued commissions and bonuses | -13,900 | 3,900 | -2,000 | 6,700 |
| Accrued payroll and vacation | -17,500 | 5,500 | -4,400 | 12,500 |
| Deferred revenue | 3,900 | -900 | 1,400 | 1,000 |
| Accrued expenses and other current liabilities | 1,500 | -22,000 | 34,500 | -4,000 |
| Net change in operating right-of-use assets and operating lease liabilities | 1,400 | -3,900 | 300 | 900 |
| Net cash provided by operating activities | 213,800 | 196,100 | 177,800 | 122,500 |
| Purchases of investments from funds held for clients | 166,600 | 124,000 | 246,100 | 123,600 |
| Proceeds from investments from funds held for clients | 167,000 | 250,000 | 250,000 | - |
| Purchases of intangible assets | - | 4,500 | - | - |
| Purchases of property and equipment | 31,200 | 73,500 | 98,000 | 61,700 |
| Proceeds from sale of property and equipment | - | 0 | 100 | - |
| Net cash used in investing activities | -30,800 | 48,000 | -94,000 | -185,300 |
| Proceeds from borrowings under credit facility | 675,000 | - | - | - |
| Repurchases of common stock | 1,054,300 | 106,600 | 218,900 | - |
| Withholding taxes paid related to net share settlements | 6,100 | 2,100 | 4,600 | 32,600 |
| Dividends paid | 17,700 | 20,700 | 21,200 | 21,800 |
| Proceeds from employee stock purchase plan | 3,600 | 2,500 | 3,000 | - |
| Net change in client funds obligation | 2,512,300 | -3,317,100 | -203,000 | 622,800 |
| Net cash used in financing activities | -2,911,800 | 3,190,200 | -38,700 | -677,200 |
| Decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | -2,728,800 | 3,434,300 | 45,100 | -740,000 |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of period | 5,132,500 | - | - | - |
| Cash, cash equivalents, restricted cash and restricted cash equivalents, end of period | 2,403,800 | - | - | - |
Paycom Software, Inc. (PAYC)
Paycom Software, Inc. (PAYC)