Paycom Soft (PAYC)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	502,035	470,192	472,133	468,679	340,788	338,982	315,916	308,755	281,389	250,125	228,351	223,274	195,960	171,640	168,743	145,054	143,453	164,466	176,136	196,309
Revenue (ttm)	US$ in thousands	1,883,127	1,823,922	1,778,291	1,741,918	1,693,674	1,629,687	1,557,551	1,473,336	1,375,218	1,289,596	1,211,623	1,136,845	1,055,524	991,485	931,823	871,264	841,434	813,896	792,370	780,096
Net profit margin		26.66%	25.78%	26.55%	26.91%	20.12%	20.80%	20.28%	20.96%	20.46%	19.40%	18.85%	19.64%	18.57%	17.31%	18.11%	16.65%	17.05%	20.21%	22.23%	25.16%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $502,035K ÷ $1,883,127K
= 26.66%

Paycom Soft's net profit margin has shown fluctuations over the quarters from March 31, 2020, to December 31, 2024. The trend indicates a general decrease in the net profit margin from 25.16% in March 2020 to 17.05% in December 2020. However, there was a slight improvement to 18.57% by December 2021.

From March 2022 to June 2024, the net profit margin ranged between 18.85% and 26.91%, showing variability in profitability. Notably, there was a significant increase in the net profit margin in the first quarter of 2024, reaching 26.91%, marking a peak over the period analyzed.

It is essential to further investigate the factors driving these fluctuations in the net profit margin, analyzing the company's revenue, expenses, and overall operational efficiency to provide a comprehensive assessment of Paycom Soft's financial performance.