Paycom Soft (PAYC)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	634,300	451,322	378,679	253,567	186,123
Revenue	US$ in thousands	1,883,200	1,693,670	1,375,220	1,055,520	841,434
Operating profit margin		33.68%	26.65%	27.54%	24.02%	22.12%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $634,300K ÷ $1,883,200K
= 33.68%

The operating profit margin of Paycom Soft has shown a consistent upward trend over the years, indicating improving operational efficiency and profitability.

In December 2020, the operating profit margin was 22.12%, which increased to 24.02% by December 2021, reflecting a positive growth trajectory. The company continued to strengthen its performance, achieving an operating profit margin of 27.54% by December 2022, demonstrating effective cost management and revenue generation strategies.

Although there was a slight decrease in the operating profit margin to 26.65% by December 2023, the company quickly rebounded and reached a significant milestone with an operating profit margin of 33.68% by December 2024, showcasing a substantial improvement in profitability and operational efficiency.

Overall, Paycom Soft's operating profit margin has shown a healthy and consistent growth pattern, indicating the company's ability to effectively manage its operating expenses and generate profits from its core business activities.