Paycom Soft (PAYC)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	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	180,576	166,610	156,227	143,187
Revenue (ttm)	US$ in thousands	1,691,704	1,627,240	1,554,308	1,470,341	1,373,921	1,289,146	1,211,791	1,137,067	1,054,755	990,668	931,006	870,744	841,015	813,477	792,091	779,562	736,337	693,260	651,802	611,547
Net profit margin		20.14%	20.83%	20.33%	21.00%	20.48%	19.40%	18.84%	19.64%	18.58%	17.33%	18.12%	16.66%	17.06%	20.22%	22.24%	25.18%	24.52%	24.03%	23.97%	23.41%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $340,788K ÷ $1,691,704K
= 20.14%

Paycom Software Inc has demonstrated a consistent net profit margin performance over the past eight quarters, ranging from 18.85% to 20.96%. Specifically, in Q4 2023, the net profit margin was 20.12%, slightly lower compared to the previous quarter but still within the company's historical range. This indicates that Paycom Software Inc has been effectively controlling its expenses and generating sufficient profits in relation to its revenue. Overall, the company's ability to maintain a stable net profit margin suggests operational efficiency and effective cost management practices.