payc: the income statement

MyFinsight

For the quarter ending 2025-09-30, PAYC made $493,300K in revenue. $110,900K in net income. Net profit margin of 22.48%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total revenues	493,300	483,600	530,500	451,934
Operating expenses	64,100	68,400	66,300	70,818
Depreciation and amortization	21,300	19,100	18,300	17,535
Total cost of revenues	85,400	87,500	84,600	88,353
Sales and marketing	125,700	116,000	110,900	104,477
Research and development	74,100	74,800	62,300	63,047
General and administrative	71,900	70,200	66,000	70,642
Depreciation and amortization	23,600	22,800	21,600	20,541
Total administrative expenses	295,300	283,800	260,800	258,707
Total operating expenses	380,700	371,300	345,400	347,060
Operating income	112,600	112,300	185,100	104,874
Interest expense	1,100	800	800	789
Other income (expense), net	41,300	5,700	6,000	4,229
Income before income taxes	152,800	117,200	190,300	108,314
Provision for income taxes	42,100	27,700	50,900	35,036
Net income	110,700	89,500	139,400	73,278
Unrealized net gains on available-for-sale securities	400	-100	600	101
Tax effect	200	-300	100	-24
Other comprehensive income, net of tax	200	200	500	125
Comprehensive earnings	110,900	89,700	139,900	73,403

Diluted weighted average shares outstanding	56,400,000	56,500,000	56,300,000	55,964,000
Earnings per share, basic	1.97	1.59	2.49	1.31
Earnings per share, diluted	1.96	1.58	2.48	1.31
Weighted average number of shares outstanding, basic, total	56,100,000	56,100,000	56,000,000	55,929,000