Financial insights of PAYC

MyFinsight

For the year ending 2025-12-31, PAYC made $2,051,700K in revenue. $453,400K in net income. Net profit margin of 22.10%.

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

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total revenues	2,051,700	1,883,200	1,693,674	1,375,218
Operating expenses	263,000	267,400	223,699	169,806
Depreciation and amortization	82,400	67,200	52,591	42,935
Total cost of revenues	345,400	334,600	276,290	212,741
Sales and marketing	482,800	434,400	417,617	346,561
Research and development	283,400	242,600	198,951	148,343
General and administrative	279,000	158,600	288,137	239,130
Depreciation and amortization	93,900	78,700	61,357	49,764
Total administrative expenses	1,139,100	914,300	966,062	783,798
Total operating expenses	1,484,500	1,248,900	1,242,352	996,539
Operating income	567,200	634,300	451,322	378,679
Interest expense	3,400	3,400	1,927	2,536
Other income, net	55,600	18,100	23,004	13,435
Income before income taxes	619,400	649,000	472,399	389,578
Provision for income taxes	166,000	147,000	131,611	108,189
Net income	453,400	502,000	340,788	281,389
Unrealized net gains (losses) on available-for-sale securities	-	1,000	3,501	-4,757
Tax effect	-	600	837	1,054
Other comprehensive income (loss), net of tax	-	400	2,664	-3,703
Comprehensive earnings	-	502,400	343,452	277,686

Diluted weighted average shares outstanding	56,100,000	56,300,000	57,974,000	58,175,000
Earnings per share, basic, total	8.13	8.93	5.91	4.86
Earnings per share, diluted, total	8.08	8.92	5.88	4.84
Weighted average number of shares outstanding, basic, total	55,800,000	56,200,000	57,707,000	57,928,000