Paycom Software (PAYC) Operating Margin (2013 - 2026)
Paycom Software (PAYC) posted Operating Margin of 31.72% for Q2 2026, down 13.7% on a QoQ basis from 36.75% in Q1 2026, and up 850.0% year-over-year from 3.34% in Q2 2025.
Analysis
Paycom Software (PAYC) Operating Margin (2013 - 2026) Analysis & Trends
Paycom Software has reported Operating Margin for 14 years, with the latest figure at 31.72% in Q2 2026.
- On a quarterly basis, Operating Margin rose 850.0% year-over-year to 31.72% in Q2 2026; TTM through Jun 2026 was 30.29%, a 219.0% increase from a year earlier, with the FY2025 full-year figure at 27.65%, down 604.0% from the prior year.
- Operating Margin was 31.72% for Q2 2026 at Paycom Software, down from 36.75% in the prior quarter.
- The five-year high for Operating Margin was 57.17% in Q1 2024, with the low at 21.74% in Q2 2024.
- Average Operating Margin over 5 years is 29.19%, with a median of 26.56% recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Operating Margin jumped 2165 bps in 2024, then slumped 2228 bps in 2025.
- Over 5 years, Operating Margin stood at 28.56% in 2022, then decreased by 14 bps to 24.55% in 2023, then climbed by 22 bps to 30.07% in 2024, then decreased by 4 bps to 28.86% in 2025, then advanced by 10 bps to 31.72% in 2026.
- The last three Operating Margin figures came in at 31.72% (Q2 2026), 36.75% (Q1 2026), and 28.86% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Automatic Data Processing | 110.44 Bn | 106.21 Bn | 2.51 Bn | -33.33% |
| 2 | Paychex | 43.28 Bn | 42.14 Bn | 1.19 Bn | 37.66% |
| 3 | Paycom Software | 10.27 Bn | 10.07 Bn | 412.40 Mn | 31.72% |
| 4 | Paylocity Holding | 8.11 Bn | 7.84 Bn | 300.38 Mn | 18.98% |
| 5 | Kanzhun | 7.88 Bn | 5.57 Bn | 306.38 Mn | 35.99% |
| 6 | Alight | 393.98 Mn | 180.98 Mn | 142.00 Mn | -7.83% |
| 7 | Asure Software | 267.49 Mn | 247.81 Mn | 25.06 Mn | -6.46% |
| 8 | Dhi | 194.97 Mn | 191.20 Mn | 25.04 Mn | 12.16% |
| 9 | CXApp | 5.71 Mn | 5.71 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 31.72% |
| Mar 31, 2026 | 36.75% |
| Dec 31, 2025 | 28.86% |
| Sep 30, 2025 | 22.83% |
| Jun 30, 2025 | 23.22% |
| Mar 31, 2025 | 34.89% |
| Dec 31, 2024 | 30.07% |
| Sep 30, 2024 | 23.21% |
| Jun 30, 2024 | 21.74% |
| Mar 31, 2024 | 57.17% |
| Dec 31, 2023 | 24.55% |
| Sep 30, 2023 | 23.85% |
| Jun 30, 2023 | 21.75% |
| Mar 31, 2023 | 35.52% |
| Dec 31, 2022 | 28.56% |
| Sep 30, 2022 | 22.22% |
| Jun 30, 2022 | 22.82% |
| Mar 31, 2022 | 35.72% |
| Dec 31, 2021 | 24.08% |
| Sep 30, 2021 | 16.90% |