Paycom Soft (PAYC)

Operating 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
Operating income (ttm)	US$ in thousands	451,322	450,433	427,797	412,844	378,679	341,471	310,511	285,288	253,567	221,188	211,919	191,405	186,123	210,170	226,690	253,000	226,224	209,343	195,032	185,183
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
Operating profit margin		26.68%	27.68%	27.52%	28.08%	27.56%	26.49%	25.62%	25.09%	24.04%	22.33%	22.76%	21.98%	22.13%	25.84%	28.62%	32.45%	30.72%	30.20%	29.92%	30.28%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $451,322K ÷ $1,691,704K
= 26.68%

Paycom Software Inc's operating profit margin has been relatively stable over the past eight quarters, ranging from 25.09% to 28.02%. The company's operating profit margin peaked at 28.02% in Q1 2023 and hit a low of 25.09% in Q2 2022. This indicates that the company has maintained a healthy level of profitability in relation to its operating costs and revenue generation. Overall, Paycom Software Inc's operating profit margin demonstrates consistent performance across the quarters, reflecting effective cost management and revenue generation strategies.